Equipment & Logistics Finance Metals & Minerals News

Metals on track at La India with increased budget

Metals Exploration plc has increased its total budget forecast from US$165 million (£125m) to $171m (£130m) due to “revised electrical infrastructure costs” at La India gold project in Nicaragua. CONSTRUCTION The new figure follows the company’s decision to build a 138 kilovolt substation with the country’s national electricity transmission company ENATREL for US$6.2m, which is […]

Company Moves Metals & Minerals News

Nativo agrees rights over La Patona processing plant

Nativo Resources plc has acquired the right to manage, design, complete and operate the partly built La Patona gold ore processing plant in Acari, some 45km from the Tesoro gold concession. PRODUCTION The company signed the final contracts with the owner of the part-built GOPP, with negotiations taking longer than expected and consequently delaying the […]

Metals & Minerals News

Metals starts construction at La India

Metals Exploration plc has started constructing infrastructure, marked by an official opening ceremony, at the La India gold project in Nicaragua. ECONOMY The project hosts the historic La India gold mine which produced between 1938 and 1956, mainly while owned by Canadian miner Noranda Inc. Condor Gold plc, acquired by Metals, began exploratory work in […]