News

Canadian gold mining firm Agnico-Eagle Mines has signed a deal to purchase Cayden Resources for approximately C$205m ($186.8m).   The sale includes Cayden's issued and outstanding common shares and two flagship projects, the El Barqueno and the Morelos Sur...

Mining giants Vale and Glencore have called off their talks to merge the Sudbury nickel operations in Canada, which could have resulted in $1bn of cost savings a year.   Discussions failed as the companies could not agree on...

A labour strike has forced Canada-based uranium producer Cameco to suspend production at its McArthur River mine and Key Lake mill operations in northern Saskatchewan.   Last week, the United Steelworkers union held discussions with Cameco over its intention...

Brazilian iron ore producer Vale is looking to spin-off its base metal business, which could be worth up to $14bn.   The company said that slumping iron ore prices have prompted it to concentrate on its core business.  ...

A mining unit the Vedanta Group Sesa Sterlite has approved the plan to invest $782m in development of the Gamsberg-Skorpion Integrated Zinc project in South Africa and Namibia.   The monies will be used to build an open pit...

Chile's state-owned copper production company Corporación Nacional del Cobre de Chile (Codelco) has secured a $300m loan from Export Development Canada (EDC).   Codelco, which produces about 11% of the world's copper, is planning to invest around $23.5bn over...

Workers at Peru's Antamina copper mine have started the strike to demand higher wages.   Antamina union SUTRACOMASA spokesperson Hernan Robles has said that production at the mine has come to a halt and the company will struggle to...