(New Gold., 29.Oct.2024) â New Gold Inc. announced the completion of significant production milestones at the New Afton copper-gold mine in British Columbia and the Rainy River gold mine in Ontario. C-Zone, New Afton’s fourth block cave, achieved commercial production ahead of schedule with the materials handling system coming online […]
Tag: mining
Peruâs Copper Industry At Risk As New Administration Takes The Wheel
(Mining.com, 14.Jun.2021) â Peru, the worldâs second-largest copper-producing country, could see mining output decrease as socialist candidate Pedro Castillo emerges as the winner of the presidential elections, with 99.6% of the votes already counted. According to the latest update, at 06:21 am ET, Castillo had about 50.2% of the vote, […]
SSR Mining Releases ESG, Sustainability Report
(SSR Mining, 30.Mar.2021) â SSR Mining Inc. announced publication of its ESG and Sustainability Report. The report outlines SSRâs approach to sustainability across a range of areas and summarizes SSRâs 2020 performance. Sustainability Report Highlights Amalgamation of best practices from across our business to develop an integrated Environment, Health, Safety […]
Ecuador Eyes Mining Investments Of $1.3bn
(Energy Analytics Institute, 9.Jul.2020) â Ecuador envisions mining exploration investments of $1.3bn through January 2022, according to comments from the countryâs Mines Vice Minister Fernando L. BenalcĂĄzar. BenalcĂĄzarâs comments came during his participation in the “Digital Latin American Mining Summit” on 9 July, Ecuadorâs Ministry of Energy and Non-Renewable Natural […]
Atlas And Anglo American Ink Solar Energy PPA
(Atlas, 10.Mar.2020) â Atlas Renewable Energy, a leading renewable energy company in Latin America along with British mining company Anglo American Plc, a leading global mining company, announced today the signing of the largest solar energy purchase and sale contract in Brazil with an investment of 881 Million Brazilian Reals. […]
BHP Switches to Green Power in Chile
(Reuters, Barbara Lewis, 20.Oct.2019) â BHP, the worldâs biggest miner, said on Monday it had signed four renewable energy contracts to supply all of its Chilean copper operations beginning in 2021, cutting energy costs by 20%. Miners, which often use fossil fuels as the energy source in their operations, are […]
The Latest Episode in the Crystallex-Venezuela Saga
(Mining.com, Valentina Ruiz Leotaud, 29.Aug.2018) â State-owned PetrĂłleos de Venezuela SA or PDVSA announced on Twitter that it filed an appeal requesting that a Delaware court vacate a decision made public on August 23 granting Canadian miner Crystallex the right to seize its U.S. assets. In its statement, the oil […]
CITGO Awards Grant, Continues Restoration Work
(Citgo, 29.Aug.2018) â Through the CITGO Caring for Our Coast initiative, a program designed to boost ecological conservation, restoration and education, The Conservation Foundation (TCF) has been awarded a grant to continue its restoration work in the Heritage Quarries Recreation Area (HQRA) in Lemont. In partnership with TCF and the […]
Rosneft May Challenge Crystallex Claim To Citgo Shares
(Oilprice.com, Irina Slav, 23.Aug.2018) â Rosneft has asked a U.S. federal court to establish âa robust appraisal and sale processâ of Citgo shares following Canadian miner Crystallexâ win at court against the parent company of Citgo, PDVSA, Argus Media reports citing documents submitted by Rosneft to court. âSuch a course […]
Venezuelan Oil Assets to be Seized by Creditors
(Express, Simon Osborne, 16.Aug.2018) â Venezuelaâs oil assets are being targeted by angry creditors after a US court granted a Canadian mining company permission to send in the bailiffs. Firms owed billions by the beleaguered South American country and its state-owned oil firm PDVSA are now lining up to make […]
Venezuela’s Citgo Refineries At Risk Of Seizure
(Forbes, Robert Rapie, 12.Aug.2018) â In 2007, following Venezuela’s expropriation of billions of dollars of assets from U.S. companies like ExxonMobil and ConocoPhillips, I suggested a potential remedy. Since Venezuela’s state-owned oil company, PDVSA (PetrĂłleos de Venezuela, S.A.) owns the Citgo refineries in the U.S., I felt the companies that […]
U.S. Judge Authorizes Seizure of Venezuelaâs Citgo
(The Wall Street Journal, Andrew Scurria and Julie Wernau, 9.Aug.2018) â A U.S. federal judge authorized the seizure of Citgo Petroleum Corp. to satisfy a Venezuelan government debt, a ruling that could set off a scramble among Venezuelaâs many unpaid creditors to wrest control of its only obviously seizable U.S. […]
Venezuela Turns to Gold Rush to Prevent Economic Collapse
(Energy Analytics Institute, Piero Stewart, 1.Apr.2016) â Venezuela plans to immediately focus efforts on the exploitation and export of its massive gold resources located in Bolivar state in an attempt to avoid a financial default on its international obligations later this year. Resource-rich Venezuela’s Bolivar state contains gold reserves of […]