Buenaventura suspends Peru mine on permitting delays

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PLUS: Codelco CFO resigns | First Quantum open to adjusting contract | Lucapa has new CEO

October 5th, 2023 MINING NEWS DIGEST   Buenaventura suspends Peru mine on permitting delays Peru's top publicly traded precious-metals producer has halted Colquijirca's Tajo Norte mine for up to three years due to permitting delays.   Codelco loses CFO in latest blow to world's top copper miner Alejandro Rivera resigned as CFO a day after Codelco's investment-grade credit rating was cut one notch by Moody's.   First Quantum says open to adjusting contract for Panama operations The company said in a statement it will collaborate with the government to ensure the contract's approval.   Lucapa Diamonds names Selby CEO and MD Nick Selby, who joined Lucapa in 2014, took the helm in August this year after former boss Stephen Wetherall stepped down.   JV Article: Dundee's novel processing techs address cyanide and arsenic risks  Two innovative metallurgical processes designed to alleviate environmental risks are beginning to attract the attention of mining companies eager to improve their […]   Cordoba secures funding from Ivanhoe Electric, JCHX to advance Alacran copper project The project is positioned to be the largest copper mine in Colombia, the company says.   Column: Funds sell copper as technical picture deteriorates Investors on both sides of the Atlantic have been shifting positions in response to a potential downside break of a range that has defined the price action this year.   JV Article: Sandvik's Remote Monitoring Service predicts and prevents failures  For more than a year, remote monitoring specialists at Sandvik Mining & Rock Solutions have been identifying the efficiencies of loaders and […]   Anglo CEO says miners must make "tough decisions" to remain profitable Duncan Wanblad said on Thursday mining companies have to confront tough decisions such as cutting costs as weak metal prices hit earnings.   Spotlight still on Vedanta $3 billion debt despite spinoff plan While equity investors gave the demerger plan a thumbs up, Vedanta's dollar bonds have tumbled.   Séguéla drives Fortuna to record gold production in Q3 The Yaramoko mine in Burkina Faso also saw a 25% increase in production.   Suncor to buy Total's Fort Hills stake in $1.07 billion deal The acquisition would add 61,000 barrels a day of net bitumen production capacity and 675 million barrels of proved and probable reserves.   JV Article: Discovery Silver's Cordero project is in the big league  Discovery Silver (TSX: DSV; US-OTC: DSVSF) owns the largest undeveloped primary silver deposit globally by reserves and has attracted a tier one […]   Labour costs: Canadian miners see modest pay raises The annual pay for a mine general manager rose 11% to C$282,900.   Using kaolinite to discover gold, critical mineral deposits The adsorbing properties of kaolinite might hold clues for companies on the hunt for valuable deposits.     You are receiving this email because this email was subscribed to the MINING.com News Digest List. You may manage your subscription, or unsubscribe at any time. This email was sent to you by MINING.COM Copyright © 2023 . All rights reserved.