Latin America Mining News

Kinross stock rallies after reporting record production at Paracatu and Bald Mountain

Operating cash flow reached $790 million in 2018, and cash and equivalents of $349 million, $1.9 billion in liquidity, and no debt maturities until 2021.

Trust in tailings? Vale dam disaster spurs investors into action

The disaster has called into question the willingness of investors and lenders to continue funding the broader industry.

Miner Vale says fire to halt operations at Malaysia distribution center

The company said the fire should have a reduced impact on shipments as 10 days of preventive maintenance was already programmed at the terminal.

Brazil's Usiminas more than doubles profits in 2018

Brazil's Usinas Siderurgicas de Minas Gerais posted $223.21 million in profit in 2018.

Silver One starts drilling at Peñasco Quemado in Mexico

Historical measured and indicated resource at the property are of 2.57 million tonnes at a grade of 117 g/t Ag for a silver resource of 9.63 million ounces.

Eight Vale employees arrested in Brazil as part of dam collapse probe

Four people from the German consulting group Tüv Süd, company that certified the safety of Vale’s dams, were also detained.

Silvercrest finds another vein at Las Chispas

The company intersected high grade silver and gold mineralization along a 1.5 km strike length at Babi Sur.

Copper miner's $10B bet comes to life in Panama jungle

Poised to supply a global market that’s tipping into deficit gives First Quantum Minerals Ltd. a chance to prove its $10 billion investment was worth all the trouble.

Barrick Gold faces challenges to develop Latin America mines

Seven weeks into the job, Barrick Gold Corp.’s new boss has already discovered, first hand, the challenges of developing and mining giant deposits in Latin America.

South32's Colombia ferronickel unit avoids strike with mine unions

South32 produces nickel from ferronickel in an open pit mine near the municipality of Montelibano, in the western department of Cordoba.

China iron ore imports rise on pre-holiday restocking

Iron ore supply is expected to tighten after the Vale accident, but actual effects in the Chinese market will not occur until late March.

Brazilian mine tragedy will not be the last tailings dam disaster

Our current prediction is for 19 very serious failures between 2018 and 2027.

Sierra Metals one step closer to expanding Yauricocha mine in Peru

Yauricocha's reserves are, in the proven category, 1.8 million tonnes and a little over 7 million tonnes in the probable category.

BMO: Silvercrest Metals could be ‘takeover candidate’

SilverCrest is “an attractive takeout candidate for a mid-tier gold and/or silver producer.”

Brazil's Vale resumes operations at Espírito Santo port terminal -filing

The authorities had closed the port terminal operated by the miner and fined it 35 million reais ($9.43 million) for throwing mining residues in the sea.

BHP's board approves funding for BP-led U.S. oil project

The $696m move comes about a month after London-listed oil and gas major BP discovered further oil prospects in the Gulf of Mexico.

SNC-Lavalin bonds weaken as S&P cuts company to cusp of junk

The company said it failed to reach an agreement with a client in a dispute over a mining project in Latin America, prompting it to slash its profit forecast by more than 40% for the year.

'Let's make Vale private again,' but just not yet

State-development bank BNDES intends to sell shares in the miner, but has yet to find a good moment to do so.

Peru environmental watchdog rules out tailings spill at Southern Copper mine

Peru's environmental regulator OEFA has concluded that mining waste from the company's Cuajone mine did not spill into a river during heavy rains last week.

Colombia coal output likely to hold steady in 2019, companies say

The Andean nation is the world's fifth-largest exporter of coal.

China's iron ore futures extend pullback amid supply speculation

"I think this is just a natural volatility after such a big supply shock"

Hochschild Mining halts Peruvian mine on low silver prices

The company said that any potential restart would be dependent on market conditions.

Barrick Gold posts $1.2 billion quarterly loss, sees cost rising in 2019

The company pinned the cost increases partly on mining ending at its low-cost Cortez Hills open pit in Nevada in the first half of the year.

Teck misses Q4 profit estimates on lower copper, zinc and oil prices

Canada’s largest diversified miner saw its quarterly profit drop 41.5 % from the year earlier, amid lower prices for copper, zinc and oil.

NGOs push to expel Brazil miner Vale from UN pact over dam disaster

"The Brumadinho disaster shows that favoring profit over safety has been Vale's standard operating procedure."