Spokane-based Minera Andes (CDNX: MAI) said Snowden Mining Industry Consultants is establishing an independent resource calculation on its Huevos Verdes gold-silver project in southern Argentina's Santa Cruz province. Underground construction is scheduled to start at the site later this year under a joint venture agreement with Peru's Hochschild & Co.
Rafael Delgadillo Arauco resigned as president of Bolivian state mining company Comibol, Los Tiempos newspaper reported. Delgadillo is to run for congress in the name of the MIR party. Jose Cordova, the company's CFO, takes over as Comibol's new boss.
The Expomin mining fair to be held May 7-11 in Chilean capital Santiago is expected to generate US$800mn of new business, according to Estrategia newspaper. Some 800 expositors from 36 countries will be showing off 2,500 brands at what organizers say is the world's largest mining fair.
Chile's state copper corporation Codelco paid coalminer Schwager US$900,000 in an out-of-court settlement of a civil case, the latter told the SVS securities regulator. It did not give further details.