Golden Arrow Resources (TSX-V: GRG, OTCQB: GARWF) has entered into an arm's length definitive agreement for the sale of its 25% interest in Puna Operations to its joint venture partner SSR Mining Inc. for aggregate consideration of C$44.4 million. Puna Operations was formed through a joint venture which combined SSR Mining's Pirquitas mine and processing plant and Golden … [Read more...] about Golden Arrow Resources announces the sale of its 25% in Puna Operations
Glaciers protection law could go against investment
Discussion of the bill that seeks to protect glaciers has triggered the industry's alarms. Four sites would be forced to stop work, investment in new projects would be threatened and around 34,000 people would lose their jobs, according to estimates by the Chilean Copper Commission (Cochilco). Chile hosts 82% of the glaciers in South America and in … [Read more...] about Glaciers protection law could go against investment
Chile’s undersea exploration faces a lack of interest
In 2018, the University of Chile's Advanced Mining Technology Center (AMTC) undertook a mineralogical and geochemical study of the seabed between Chiloé Island and the Taitao Peninsula to identify its mineral resources and evaluate the potential of Chile's Exclusive Economic Zone. The study required Mr. Marcelo García, the principal researcher, to tour part of the coast of … [Read more...] about Chile’s undersea exploration faces a lack of interest
Codelco and Minera Salar Blanco to develop a lithium project in Maricunga
Codelco and Minera Salar Blanco hope to structure a sustainable lithium project in the Salar de Maricunga, with a view to launching a third lithium operation in Chile, to take advantage of current market conditions. Both companies recently signed a non-binding agreement that will be framed within the terms of a Special Lithium Operation Contract (CEOL in Spanish) signed by … [Read more...] about Codelco and Minera Salar Blanco to develop a lithium project in Maricunga
Revelo Resources sells interests in projects in Chile
Canadian junior mining company Revelo Resources controls around 200,000 hectares of mining property in Chile, but its executives have taken the decision to sell interests in some assets in order for each project to effectively advance. Last week, Revelo Resources signed a letter of intent with England's BMR Group to sell 80% of the Montezuma copper project, located in … [Read more...] about Revelo Resources sells interests in projects in Chile