Top Mexican miners, Grupo México, Industrias Peñoles, Fresnillo and Minera Frisco owe almost US$180 million in mining royalties for 2015. According to Mexico’s tax authority (SAT), GMéxico and Fresnillo paid below government estimates while Frisco and Peñoles paid no royalties in 2015.
Alio Gold, formerly Timmins Gold, officially began trading under its new moniker last Tuesday and announced the results of its Pre-Feasability study on its Ana Paula Project, a highly prospective Guerrero Gold Belt in Mexico.
Another company to rebrand – Atlas Copco – released the name of its mining and engineering spinoff. Epiroc was described by the company as “a short, distinct and timeless name that is spot on for the mining and civil engineering business.”
Azure Minerals is on the search for its next flagship project in Mexico, particularly an advanced stage project with a clear pathway to production, according to Managing Director Tony Rovira.
Zimbabwe expects to generate US$3 billion in revenue this year thanks to growth in chrome mining.
Scientific research in Antarctica is being expanded by China but authorities state that they have no immediate plan to mine natural resources in the areas exposed by the melting ice cap.