Business News Americas

Shift to underground boosts output at Coeur's Mexico mine

Coeur Mining reported rising production at its Mexican mine as a transition from open pit to underground mining advances.

Peru mining output rises on zinc, silver, lead

Peru's mining production rebounded 5.8% in January as output of most major metals rose, the government said in a preliminary report.

To become a major minerals producer, Venezuela's biggest challenge is itself

Venezuela has its eye on becoming a major minerals producer, though its capacity to do so is in question, according to Maplecroft's principal Latin America analyst James Lockhart-Smith.

Fresnillo names Octavio Alvidréz CEO

Mexico City-based Fresnillo (LSE, BMV: FRES) has named Octavio Alvidréz as CEO, replacing long time CEO Jaime Lomelín.

Anti-mining demonstrators in Peru to start indefinite protest on May 31

Anti-mining protesters in Peru's Cajamarca region are scheduled to start an indefinite protest beggining May 31, local press reported. The main target is US-based Newmont Mining's $4.8 billion Conga mine project.

Argentina's Supreme court demands environmental reports used to approve Barrick's Pascua Lama

The Argentine supreme court has ordered the national and the San Juan provincial governments to submit the environmental reports that were used to approve Canadian miner Barrick Gold's (NYSE: ABX) bi-national Pascua Lama gold-silver project, a source from the court told BNamericas.

Tax burden on special lithium contracts in Chile to represent 50% of profits

The tax burden for companies taking part in bidding processes for special lithium contracts in Chile will represent 50% of their profits, deputy mining minister Pablo Wagner told BNamericas.

Supreme court confirms ruling for Codelco to pay legal costs in Anglo fray

Chile's supreme court has confirmed a previous appeals court ruling that ordered state copper producer Codelco to pay the costs of the legal process i...

Legislators present bill to ban gold mining in the Amazon

Peruvian legislators have presented a bill to congress to restrict gold mining in the Amazon basin.

Outrage at suspension of Latin American's pilot plant at Paso Yobai, lawyer says

The suspension of the launch of Toronto-based Latin American Minerals' (TSX-V: LAT) pilot plant at its Paso Yobai gold project in Paraguay is very unfortunate, local lawyer Vanesa Luraschi told BNamericas.

Minera Copiapo's EIA for $13million seawater pipeline receives approval

Chilean mining company Minera Copiapó's environmental impact assessment (EIA) for a US$13mn project to supply water to its mining projects in northern region I has been approved, a source from the environment ministry's (MMA) regional evaluation office told BNamericas.

Justice system to resolve impasse over Bear Creek's Santa Ana silver concession

Vancouver-based  Bear Creek Mining (TSX-V: BCM) is waiting for Peru's justice system to resolve the impasse over its Santa Ana silver concession in Puno region, the company's operations VP Elsiario Antúndez de Mayolo told BNamericas.

Metals – Brazil – Vale's Chinamax vessel starts unloading its first iron ore in China

Brazillian firm Vale's (NYSE: VALE) Chinamax vessel started unloading its first iron ore in China on Wednesday after months of uncertainty on accessing its largest market's ports, news service Exame reported.

Mining – Chile – Teck submits EIA for waste handling center at Quebrada Blanca

Vancouver-based Teck (NYSE: TCK) submitted an environmental impact assessment (EIA) to the Chilean environment ministry's (MMA) evaluation service for a US$1mn project to build a new, integrated waste...

Mining – Chile – Mining represents 70.1 pct of authorized FDI in 2011

Chile saw authorized foreign direct investment (FDI) in 2011 increase 4% compared to the prior year to a record US$13.8bn, of which US$9.67bn or 70.1% corresponds to mining, the economy ministry's for...

Mining – Chile – Mining regions receive just 5 pct of funds collected from royalty

Chile's mining regions are receiving just 5% of the funds collected from the royalty system being applied in the country to mining companies, according to lower house member Carlos Vilches of the righ...

Metals – Chile – Two Codelco Ventanas executives to be charged over sulfur dioxide leak

Two executives from Chilean state copper producer Codelco's Ventanas division will be formally charged by the Quintero district attorney's office regarding their alleged responsibility for a sulfur di...

Privatization – Chile – Codelco says agreement with Anglo American looks improbable

The chances for a negotiated solution to the conflict between Chilean state copper producer Codelco and London-based Anglo American (LSE: AAL) have faded following the latter's legal action for allege...

Metals – Chile – Copper exports fall 5.2 pct in first half of December

Chilean copper exports were down 5.2% to US$1.89bn in the first half of December compared with US$1.99bn year-on-year, according to figures compiled by the central bank. Copper accounted for 90.2%...

Copper continues downtrend, closes at US$3.295/lb

Copper closed Thursday at US$3.295/lb cash on the London Metal Exchange, down from the previous day's US$3.334/lb and recording its fourth straight dr...

Codelco to invest up to US$30mn in Ecuador within next four years

Chilean state copper producer Codelco will invest US$10mn-30mn within the next four years in Ecuador following the signing of an exploration agreement.

Junior exploration roundup: Esperanza, Focus, Argentex, Wealth, Magellan

Vancouver's Esperanza Resources (TSX-V: EPZ, Pink Sheets: ESPZF) announced additional drilling results from the Cerro Jumil gold project in Mexico. ... The page you requested is subscriber-only content Login:Username:Password:Forgot your password?F...

Argonaut ups Q3 gold output by 33 pct to 16,884oz

Copper output down 5 pct in January-August