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Latin America News Digest
Saturday 29 April 2017
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In addition to raising costs for miners and delaying certain projects, the focus on the amount of water used by the extraction industry in the region will boost social pressure and anti-mining sentiment, experts say.

The company had warned it would evaluate options for the mine, including walking away form it, if it didn’t receive the necessary permits.

The company has officially informed workers of its plans to offload the mine, noting that while there are several interested parties, the process could take months.

$2 billion La Colosa project boasts reserves of over 25m ounces of gold.

Net income totalled $2.5 billion, compared with profit of $525 million in the prior three months and almost $1.8 billion a year earlier.

The European country holds between 1.2 to 1.4 million tonnes of lithium, located mostly around the tiny village of Cinovec, on the border with Germany.

The firm, the world's largest primary silver producer and Mexico's second-largest gold miner, said output of the grey precious metal hit 13.5 million ounces in the quarter.

The miner said decision was unrelated to Elliott Management's call earlier this month to unlock shareholder value by spinning off about $22 billion of BHP's US oil assets.

BMI Research expects prices to continue sliding for at least the next five years on rising supplies from Australia and Brazil and expectations for a surplus.

Ongoing problems at its Veladero mine in Argentina following spill.

World number two gold miner increases output to 1.23m ounces in the first quarter – Ghana expansion will add more ounces from next year.

Both iron ore and diamond output rose in the first quarter thanks to a continued ramping-up of the company's Minas Rio mine in Brazil and improvements in the gem market.

Production for the first three months of the year slumped 37% compared with the same period of 2016.

Production of the steelmaking raw material jumped 11% to 86.2 million tonnes in the January-March period, compared to the same quarter a year earlier.

Exeter shareholders will receive 0.12 of a common share of Goldcorp for each they have in the junior — that's a premium of 67% based on the part's closing prices on the day prior to the announcement.

The firm, a unit of Shanghai-listed Shandong Tyan Home, reportedly walked away from the deal due to recent tightened controls in China on outbound investment.

Analysts believe that would increase the chances of the country joining Latin America’s ongoing political drift to the right in November’s elections.

Experts believe the value of the nation's dawning industry is set to jump from $1.1bn this year to $7.9bn in 2021 on a combination of revised regulatory framework and significant gold and copper reserves.

Another 5% iron ore price drop Tuesday slashes $30 billion from top 5 producers' market value in one month.

The miner said it was unwilling to take the steps required to satisfy Australian steel makers to get the approval of the transaction, which would have its major deal since spinning off from BHP in 2015.

The deal with Curzon Resources could be the first potential sale of 7% the of future production from the Macusani project

GoldMining announced the acquisition of all outstanding common shares of Bellhaven and its La Mina Gold Project in Colombia

To prevent liquids from evaporating, Exma proposes the use of a floating cover system composed of plastic balls

The Ministry of Energy and Mines revealed that the country’s copper production rose by 5.42% in February

MineWare has extended its presence into South America, landing the global mining technology leader its first two Argus system sales with its partner Haultrax Chile—a global mining consultancy in automation, productivity and technology.

The founder of McEwen Mining and Goldcorp believes prices for the precious metal will reach $5,000 an ounce in a matter of years.

The unit is expected to help speed up the approval of legislation that allows the exploration and exploitation of the country’s vast lithium deposits.

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