Mining News - Page 51

According to the latest official report, the number of companies comprising the mining productive framework reached 1,102 by the analysis period, last September. This figure represents a 3.3% increase compared to the same period of the previous year and reflects a greater momentum in mining activity in the country.

This was announced by Filo Corp. in a recent statement, affirming the exceptional potential to expand the high sulfidation copper, gold, and silver epithermal deposit associated with a large copper and gold porphyry system located in San Juan territory. The goal for 2024 is to evaluate the full potential of the property, globally recognized for its geological wealth.

It occurred during a meeting with First Quantum Minerals and its subsidiary Corriente Argentina S.A. The National Mining Secretary also participated. "This is one of the most important projects that could change the productive matrix of the province," the government stated.

Cerrado Gold Inc. announced production results for the fourth quarter of 2023 from the Minera Don Nicolas Mine in Santa Cruz Province, Argentina.Full financial results are expected to be released in late April 2024.

Canadian firm Latin Metals Inc. has announced the acquisition of the Terraza copper exploration project located in the province of Jujuy, taking possession of 68,000 hectares rich in the red metal. With an extensive exploration portfolio in South America, Latin Metals aims to establish a presence in the copper sector and sediment-hosted projects in this emerging region, expanding its land holdings to over 500,000 hectares.

Hyundai Motor Group has reported securing a four-year agreement with Chinese company Ganfeng Lithium to ensure the supply of lithium hydroxide, a crucial component in the manufacturing of batteries used in electric vehicles.

Argentine mining company Argentina Lithium & Energy Corp, a member of the Grosso Group and a partner of the automaker Stellantis, has announced encouraging results from exploration holes No. 10 and No. 11 in its lithium project Rincón Oeste, located in the province of Salta. The samples collected from a section of 295.5 meters in the well "RW-DDH-010" ranged from 245 to 366 mg/l of lithium. Likewise, samples collected from a section of 321 meters in "RW-DDH-011" varied between 246 and 344 mg/l of lithium.

With operations in Salta, Fortuna Silver Mines has shared the production results for the fourth quarter and the full year 2023 from its five operational mines in Latin America and West Africa. Throughout 2023, Fortuna achieved a record production of 326,638 ounces of gold and 5,883,691 ounces of silver, totaling 452,389 equivalent ounces of gold, including lead and zinc as by-products.

Barrick Gold Corporation (NYSE: GOLD) (TSX: ABX) has released preliminary production results for the fourth quarter and full year of 2023. The preliminary gold production for the full year reached 4.05 million ounces, consistent with the guidance outlined in the third-quarter statement. The preliminary copper production of 420 million pounds for 2023 fell within the guidance range of 420 to 470 million pounds.

Canadian-based exploration company, NOA Lithium Brines, has announced high-grade results from its lithium project, Rio Grande, located in the province of Salta, Argentina.

Pampa Metals Corp. has unveiled the completion of the design for its diamond drilling program aimed at showcasing the potential of the Piuquenes Central copper-gold project in San Juan. The project area hosts a mineral body reaching a depth of 1,000 meters and a diameter of 300-500 meters.

Canadian-based company Aldebaran Resources Inc has entered into a collaboration agreement with Nuton LLC, a joint venture of Rio Tinto, to assess the use of Nuton's patented primary sulfide leaching technologies at the Altar copper-gold project located in San Juan, Argentina.

The specialized media and main organizer of mining events in Argentina, Panorama Minero, announced the tenth edition of its renowned "International Exhibition: San Juan, Key Factor of Argentine Mining Development”, also known as the "San Juan International Mining Expo”. The event will take place at the Cepas Sanjuaninas venue on May 21, 22, and 23, 2024. The people's mining expo will feature renewed activities and has the support of the Government of San Juan, one of the most dynamic provinces for mining activity in the country.

Galan Lithium Limited (ASX: GLN), an Australian company with two lithium operations in Argentina, provided an additional update on the progress of construction activities at its Hombre Muerto Oeste (HMW) project. The first phase of the project aims to commence lithium chloride production in the first half of 2025.

Since 2013, the Chamber of Mining and Tourism Services Suppliers of the Puna has been promoting the creation of small and medium-sized enterprises (SMEs) for the mining industry in three provinces in northwestern Argentina through training initiatives.

Sendero Resources Corp. announced that drilling has commenced at its 100% owned Peñas Negras Project on the Vicuña Belt in La Rioja Province, Argentina.

The Salta Government has given the green light for the construction of a photovoltaic plant at Lindero Mine, endorsing the use of more sustainable energy sources in mining activities. This installation will generate 6 MW, thereby meeting a portion of the energy needs required for the industrial operations of the gold project.

The only mining initiative in Jujuy with local investment began two years ago, exploiting copper for export while progressing towards alluvial gold production.