Month: June 2013

Further to its news release of October 22, 2012, Oroco Resource Corp. announces that it has received the decision of the Federal Seventh District Court of Mexico with regard to the joined amparo petitions of the Company and Avinadain Bautista, the party who opposed the registration by Mexico’s Public Registry of Mining of the Company’s interest in the Xochipala Concessions. The MX Amparo was a petition to set aside a Guerrero State Court auction in 2011 (the “Court Auction”) of a 50% interest in the Celia Gene and a 100% interest in the Celia Generosa concessions, which two mineral concessions comprise the Xochipala Concessions. The Court Auction had occurred under the mistaken assumption that the Comacho Interest remained a part of the estate of Carlos Camacho when, in fact, the Company had purchased the Camacho Interest from the Camacho estate in 2007.

El grupo Minera Frisco anunció que la mina El Coronel, en Zacatecas, mantiene suspendida su producción por una presunta disputa entre trabajadores sindicalizados, mientras que los empleados sindicalizados de las minas María y San Francisco del Oro, en Sonora y Chihuahua, respectivamente, iniciaron una huelga al no alcanzarse un acuerdo en la revisión de su contrato colectivo de trabajo.

Frisco despidió el sábado a 740 trabajadores de El Coronel.

Two big silver and gold mines and a copper mine owned by Carlos Slim, one of the world’s richest men, have been closed by labor conflicts, the company said Monday.

La minera mexicana Frisco, propiedad del magnate Carlos Slim, dijo el lunes que su mina El Coronel, en la que produce barras de oro y plata, ha suspendido operaciones debido a un conflicto sindical y los trabajadores de otras dos minas se declararon en huelga.

Endeavour Silver Corp. announces that the re-commissioning of the newly rebuilt plant at its El Cubo mine in Guanajuato, Mexico was successfully completed on May 31, on time and budget. The El Cubo plant is now operating at the current mine output of 1,100-1,200 tonnes of ore per day (tpd).