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Weekly Roundups

Leadership Change for Peñoles; AMLO Urges Cosalá to Operate

By Cas Biekmann | Thu, 12/24/2020 - 13:39

A new CEO and CFO for Peñoles and AMLO’s urging of Americas Gold and Silver to restart operations after blockages are among the top stories this week. Read your weekly mining roundup here!

Mexico

Peñoles Appoints New CEO and CFO

Important Mexican metal mining company Industrial Peñoles reported on Tuesday that it named Rafael Rebollar and Mauricio Garcia as CEO and CFO respectively. The change in leadership will start January 1.

 

López Obrador Urges Americas Gold and Silver to Restart Operations

Following a stop in operations lasting 11 months, the President asked Americas Gold and Silver to restart their operation at its Cosalá mine, BNAmericas reports. The mining area, located in Sinaloa, had been blocked off by a group of workers since January 2020. Despite a change in union representation, the company decided not to restart operations due to the irregularities it experienced on the site.

 

SEMARNAT Gives a Red Light to Almaden’s Ixtaca Project

Almaden Mineral has received a notification from the Ministry of Environment and Natural Resources (SEMARNAT), denying the company’s initial environment permit application (MIA) for its Ixtaca project.

 

COVID-19, Stimulus Package Create Mixed Fortunes for Metals

Mining’s metal prices experienced wildly different Mondays as news of the US stimulus package agreed on Sunday bolstered markets, before worries over the new COVID-19 strain dragged them down again.

 

Golden Minerals Starts Mining at Rodeo Gold

On December 22, the company announced it had started mining at its Rodeo Gold project, located in Durango.

 

VanGold Aims to Acquire Endeavour Mine and Mill

Mining Journal reported that VanGold Mining made a US$18 million deal to acquire Endeavour Silver’s El Cubo mine and mill. Endeavour’s mothballed mine is expected to enter into swift production once the deal is completed, VanGold Mining said.

 

International

Canadian Government Rebuffs TMAC Resources’ Sale to Shandong Gold Mining

Mining technology reported that the Canadian government blocked the US$179 million sale, citing the Investment Canada Act.

 

Trump Grants Access of Public Lands to Mining and Energy Companies

The New York Times reported that the outgoing administration is pushing approval for corporate projects ahead before its exit, despite environmental concerns. In Arizona, a transfer of forest land is being prepared in order to allow for one of the US’ largest copper mines, despite complaints from a neighboring Native American tribe.

The data used in this article was sourced from:  
Yahoo Finance, BNAmericas, Mining Technology, Mining Journal
Cas Biekmann Cas Biekmann Journalist and Industry Analyst