Category: Leading Developments

Leagold Implements Optimization Plans

Leagold Mining reported second-quarter 2018 results and updated 2018 guidance for its four producing gold mines: the Los Filos mine in Mexico, which the company acquired in April 2017, and the Riacho dos Machados (RDM), Fazenda...

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Quellaveco Project Gets Go-ahead

Anglo American announced in late July it will proceed with development of its 60% owned Quellaveco copper project in the Moquegua region of southern Peru. The project has an expected capital cost of $5 billion to $5.3 billion...

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Inalum Buys Rio Tinto’s Interest in Grasberg

Rio Tinto, PT Indonesia Asahan Aluminium (Inalum) and Freeport-McMoRan (FCX) have signed a non-binding agreement relating to the future ownership of the Grasberg mine in Indonesia. Under the terms of the agreement, Inalum will...

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BHP Selling Cerro Colorado Copper Mine

BHP has entered into an agreement to sell the Cerro Colorado copper mine in Chile to private equity manager EMR Capital for a total cash consideration of $230 million, plus approximately $40 million in proceeds from the...

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Osisko Commits $180M to Falco Horne 5 Project

Falco Resources Ltd. announced a financing transaction with Osisko Gold Royalties Ltd. where Osisko has agreed to commit $180 million through a silver stream toward the funding of the development of Falco’s Horne 5 Project....

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Dugald River Achieves Commercial Production

MMG Ltd.’s Dugald River zinc operation in Queensland, Australia, achieved commercial production on May 1, according to the company. Executive General Manager Operations, Africa, Australia and Asia Mark Davis said the ramp up of...

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