Iron – Poor Chinese steel demand dragged iron ore prices to an eight-month low this week. Meanwhile, Mexico made headlines on Monday by cracking down on the Knights Templar gang, which has been smuggling iron ore in the state of Michoacán.
Articles Tagged "mexico"
Silver – Great Panther Silver Ltd. (TSX:GPR,NYSEMKT:GPL) yesterday put out a statement regarding recent "speculative reports about violent incidents" at its Mexico-based Guanajuato Mine Complex.
Iron – Mineweb reported that on Monday, the Mexican government began a "major crackdown" on the Knights Templar drug cartel's illegal iron ore smuggling activity. Mining is reportedly one of the group's main sources of income.
Lithium – Bacanora Minerals Ltd. (TSXV:BCN) announced the receipt of analytical results from five drill holes completed recently in the lower clay unit of its Mexico-based La Ventana concession. In all of them, the company intersected "[s]ignificant lithium-bearing intervals."
Gold – Goldgroup Mining Inc. (TSX:GGA,OTCMKTS:GGAZF) announced that Granmin SA de CV, its subsidiary, has received an explosives permit from the Mexican military. The permit is the last one required for full-scale operations at the company's Cerro Prieto open-pit, heap-leach gold mine.
Gold – Reuters reported that Mexico has awarded Fresnillo plc (LSE:FRES) a new explosives permit that will allow it to resume operations at one of its gold mines.
Gold – SilverCrest Mines Inc. (TSXV:SVL,NYSEMKT:SVLC) announced that Sandstorm Gold Ltd. plans to exercise its underground mine option for the Mexico-based Santa Elena mine. The option allows Sandstorm to purchase 20 percent of the gold produced from underground operations at the mine.
Zinc – Silver Bull Resources Inc. (TSX:SVB,NYSEMKT:SVBL) announced that the National Water Commission of Mexico has granted its subsidiary six permits that will allow it to take 3,500,000 cubic meters per year from the regional aquifier. The water will be used at the company's Sierra Mojada silver-zinc project.
Silver – Kootenay Silver Inc. (TSXV:KTN) announced an update on exploration on the contiguous land position surrounding its Mexico-based Promontorio project.
Gold – Kootenay Silver Inc. (TSXV:KTN) provided an update on geological mapping and prospecting at its Mexico-based Cervantes gold-copper porphyry, commenting that it believes the concession has the potential to host leachable gold resources.