Mining
Oz Minerals seeks 70% stake in Mexico project
miningweekly.com - Azure Minerals has entered into a joint venture with copper/gold-miner Oz Minerals to accelerate exploration at its San Eduardo copper project in Mexico. Oz Minerals would spend $13-million to earn a 70% stake in the project, Azure reported on Tuesday.
www.miningweekly.com/article/oz-minerals-could-earn-70-stake-in-mexico-project-2010-03-09
Lozano declares Cananea strife a "closed case"
El Semanario - Labor Secretary Javier Lozano Alarcon declared the strike of workers at Grupo Mexico's Cananea mine a "closed case" and said that the next step is to begin the procedures to compensate employees with pay for 3 months and 12 days.
Sterlite appeals court decision on Grupo Mexico
Sentido Comun - Sterlite Industries, the largest copper producer in India, filed an appeal with the 5th Circuit Supreme Court in New York of the recent U.S. District Court decision returning control of the Asarco copper mine in Arizona to Grupo Mexico.
Coeur d'Alene gains output on Boliva, Mexico mines
Business Wire - Silver and gold producer Coeur d'Alene Mines Corp. said Thursday it produced 47 percent more silver in 2009, and gold production rose 56 percent as new mines in Bolivia and Mexico began operation. The firm plans $17.9 million on exploration in 2010.
Workers for two mine firms gain increases
Sentido Comun - Unionized workers at Minera El Porvenir accepted a 9 percent wage increase and an increase of 1 percent to life insurance and 9.3 percent in various benefits, while employees of Gold Corp. won a direct wage increase of 8 percent, plus another 8 percent increase in benefits.
Cananea miners deny looting during strike
El Semanario - Union miners at Cananea deny that the machinery at the mine, subject to a 2 1/2-year strike, has been damaged or there has been looting, an argument Grupo Mexico used for gaining permission to evict the workers.
Suit filed in U.S. over Grupo Mexico mine blast
Dow Jones - A U.S. labor group said Thursday that it has filed a lawsuit against mining company Grupo Mexico and several of its subsidiaries on behalf of three widows of miners who died in a 2006 coal mine explosion. The filing comes on the fourth anniversary of the Feb. 19, 2006, explosion at Grupo Mexico's Pasta de Conchos mine in Coahuila. Sixty-five miners died.
Cananea miners refusing to leave premises
El Semanario - Since several Cananea miners remain on the premises, Labor Secretary Javier Lozano warned that Grupo Mexico, which owns themining concession, could file suit against the miners if they refuse to leave in the coming days. The miners have said they will not honor a court decision declaring their 2 1/2-year strike illegal.
Pan-American posts profit on surging output
Reuters - Canada's Pan American Silver, which operates in Mexico, Peru, Bolivia and Argentina, on Monday said it posted a fourth-quarter profit, citing stronger production and a big jump in silver prices.
Mexus Gold exercises option to buy Mexico firm
PR Newswire - Mexus Gold US, a Nevada corporation, has exercised its option to purchase Mexus Gold Mining in Mexico to expand its operations in the state of Sonora. There are four principal concessions.
