The Norte Abierto mining project , a joint venture between Barrick and Newmont in equal parts, is promoting a new initiative that was recently submitted to the Environmental Assessment Service (SEA). This is the ” Mining Prospecting Sector Casale ” project, which estimates an investment of US$52 million .
Lundin Mining buys 51% stake in Chile’s Caserones mine for $950 mln (Reuters)
Lundin Mining Corp (LUN.TO) on Monday said it would buy a majority stake in Chile’s Caserones copper mine for about $950 million to expand the Canadian miner’s exposure to the red metal crucial for the green energy transition.
Lundin Mining signed an agreement with JX Nippon Mining & Metals Corp to acquire a 51% stake in Lumina Copper, which operates the Caserones copper-molybdenum mine in Chile. JX is a unit of Japanese oil and metals giant Eneos Holdings Inc (5020.T).
Vicuña: An emerging giant copper-gold-silver district (Lundin Mining)
“The central Andes produce 37% of global copper. Giant in size, rare by nature, Vicuña is an emerging giant-copper-gold-silver district…” Click below to access full video.
Barrick Acquires 25% of Cerro Casale at $1.9-Billion Asset Valuation
TORONTO, March 31, 2010 — Barrick Gold Corporation (NYSE: ABX)(TSX: ABX) announced today that its acquisition of an additional 25% interest in the Cerro Casale Project in Chile from Kinross Gold for $474-million.