Argentina Mining News

Rising metal prices help AngloGold Ashanti swing back to profit

The world’s third-biggest gold miner said its net earnings will also benefit from weaker operating currencies in South Africa, Brazil, Australia and Argentina.

Chinese eye Atlantic Canada’s lithium project

Lithium prices have soared in the past year, and demand is set to outstrip supply by 2023.

Argentina to support local uranium production — report

U3O8 Corp., a Canadian-based company focused on the development of deposits of uranium and associated commodities, reports on significant developments in nuclear energy in the South American country.

Aussie firms back push to drive Argentina to world No 2 lithium supplier

There are fresh opportunitis to explore for new lithium resources in the rich Latin American footprint, says Latin Resources Managing Director, Chris Gale.

Vale back in the black on higher iron ore prices, currency

Vale’s results for the first three months of 2016 makes it the best-performing major iron-ore miner so far this year.

Barrick ‘is back’ chairman Thornton tells shareholders

Barrick Gold has reduced its debt load, reshuffle management and sold several assets.

Vale gives its potash project in Argentina a second chance

The miner has scaled down the project and it now aim to produce 1.3 million tons of potash a year, down from the 4 million tons originally planned.

Barrick Gold swings to quarterly loss, but trims debt further

The world's largest gold producer, reported a quarterly loss, compared with a year-earlier profit, as asset sales impacted production and realized gold prices fell.

Barrick’s fourth CFO in five years may be what shareholders were waiting for

Most shareholders hope that Catherine Raw persuades management to stop prizing output over profitability and, instead, place more emphasis on investors’ returns.

Canada-Chile lithium project in Argentina to begin operations in 2019

The Cauchari-Olaroz project, in northern Argentina, is forecast to initially produce 40,000 tonnes of lithium carbonate equivalent a year.

September cyanide spill at Argentina gold mine wasn't the first

Three spills between 2011–2012 were contained by control systems at Barrick Gold's Veladero mine and did not pose any environmental risks.

US judge rules Barrick Gold must face group lawsuit over Pascua-Lama mine

Class action claims that Barrick repeatedly and knowingly misled shareholders about whether Pascua-Lama complied with environmental regulations.

Barrick hit with $10m fine over Argentina cyanide spill

Court fines top gold producer 145m pesos over September cyanide spill at its Veladero mine in San Juan province.

Exclusive: Significant new lithium discovery in Argentina

A large and high-grade lithium brine lake and associated salar with low contaminants has recently been discovered in Argentina.

Barrick announces ‘drastic revision’ of Pascua-Lama, may add partner

Analysts believe that Barrick’s partner in Papua New Guinea, Zijin Mining Group, could be the one to help turn Pascua-Lama into a success.

An Argentinian gold project whose time has come

Serial entrepreneur Paul Matysek got involved with the Lindero gold project in Argentina on Nov. 1, 2012. “People are now thinking that Argentina may become the darling of South America,” Matysek said.

Argentina’s new government scraps mining taxes

President Mauricio Macri has revoked a 5% tax imposed by the previous administration on mining companies.

Barrick braces for up to $3 billion in writedowns

The asset writedown is primarily related to two Latin American assets — Pascua Lama project, on the border of Chile and Argentina and Pueblo Viejo, in Dominican Republic.

The world's southernmost mines

Chile's Invierno coal mine is, by far, the southernmost mine on the planet.

Argentinian lithium-potash project sold for $5 million

Canadian merchant bank Aberdeen International (TSX:AAB) has purchased a lithium-potash project in Argentina through a share purchase agreement valued at CAD$5 million.

Yamana Gold decides not to divest Brazilian operations after all

The miner said current market conditions are not supportive of a private placement on terms the company would find acceptable.

Rio Tinto bets on lithium as Tesla yet to sign major supply deal

The miner is seeking strategic alliances with battery or car manufacturers to underpin the development of its Jadar lithium-borate project in Serbia.

Argentina: End of currency controls will be good for mining

President-elect Mauricio Macri will lift the clamp-down on dollar purchases by out-going president Cristina Fernandez, as early as December 14.

The changing of an era in Argentina

Argentina last week voted in a new pro-business President, Mauricio Macri.

Water supplies uncontaminated: UN on Argentina cyanide spill

Samples "showed no deviation from measurements taken in June 2015".