Mexico

Canada’s largest diversified miner, Teck Resources, acquired Goldcorp’s 21 percent minority interest in the San Nicolás copper-zinc project in Zacatecas for US$50 million.

Chemours, one of the world’s biggest producers of solid sodium cyanide, is investing in a US$150 million mining solutions manufacturing plant in Gomez Palacio, Coahuila, Mexico.

The main mining companies in the Mexican Stock Exchange experienced mixed results during 1H17. The average price of metals rose 9.36 percent to US$1,238.45/oz in comparison to the same period in 2016. Industrias Peñoles registered a 7.4 percent spike in its stock price to MX$409.53 while Grupo Mexico saw an 8.61 percent drop to MX$51.07 per unit in the first semester.

International

Canada’s Minister of International Trade, François-Philippe Champagne, signed a memorandum with the Vice Minister of Mines in Colombia, Carlos Andrés Cante to promote an investment of US$19 million in Colombia  for projects in mining end energy that are environmentally sustainable.

Ecuador is actively working on updating its mining database to boost the formalization of small mining companies at a national level.

Argentina has 22 mining projects with potential resources of US$420 billion.

Mining Extras

Motley Fool’s advice when it comes to investing in royalty and streaming companies like Royal Gold versus gold miners such as Goldcorp.

In the journal Nature Geoscience, a group of marine scientists argue that Biodiversity losses from deep-sea mining are unavoidable and irrevocable.

 
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