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Mining News in Mine Exploration, Mining Companies, and Mining Industry. - EMJ

  • After completing the acquisition of the Las Bambas project in Peru in August, MMG announced that the first phase of integration has been completed following the change in ownership. “Las Bambas is a world-class project and our initial focus has been to address some of the high-priority areas ensuring we have the right structures and controls in place to address risks and ultimately deliver the project on schedule and within budget,” said Andrew Michelmore, CEO, MMG. “As identified during the due diligence process, there were a number of areas that were likely to impact the previous project schedule and capital expenditure guidance.”

  • Compiling data for its 25th edition of the Corporate Exploration Strategies (CES) study, SNL Mining & Metals estimated worldwide total budget for nonferrous metals exploration dropped to $11.36 billion in 2014 from $15.19 billion in 2013 — a 25% decrease.

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