Latin America

Anglo American mulls sale of more coal mines in Australia

Cecilia Jamasmie | January 23, 2015
Anglo American mulls sale of more coal mines in Australia

The operations that may be added to the list of assets for sale are Dawson and Foxleigh, in Queensland.

Baja Mining's long-delayed and almost dead El Boleo finally reaches production

Cecilia Jamasmie | January 23, 2015
Baja Mining's long-delayed and almost dead El Boleo finally reaches production

Red metal output at the mine, over 18 months behind schedule and $750 million over budget, is expected to ramp-up by July.

Peruvian rare earth discovery richer than initially thought

Cecilia Jamasmie | January 22, 2015
Peruvian rare earth discovery richer than initially thought

Geology consultants leading the project found the rare earth claim has the highest range of rare earth metals in Peru.

Colombian gold CEO involved in $970m laundering case arrested

Cecilia Jamasmie | January 22, 2015
Colombian gold CEO involved in $970m laundering case arrested

Prosecutors claim the gold company and its top executives are at the centre of a money-laundering scheme involving cocaine traffickers.

Fortuna Silver slumps 9% despite impressive drilling in Mexico

Frik Els | January 21, 2015
Fortuna Silver slumps 9% despite impressive drilling in Mexico

Analyst downgrade sinks shares of Vancouver-based owner of fast-expanding polymetallic mines in Peru and Mexico.

Global mining sector ended 2014 on a disappointing note: report

Cecilia Jamasmie | January 21, 2015
Global mining sector ended 2014 on a disappointing note: report

December is a period that sees lower levels of exploration and resource announcements, and last month was every bit as disappointing as expected, an SNL report shows.

China’s alleged intentions to mine Antarctica spark global debate

Cecilia Jamasmie | January 21, 2015
China’s alleged intentions to mine Antarctica spark global debate

New evidence has emerged of China's interest in digging for oil, gas a minerals in the frozen continent.

Glencore likely to slash spending on coal, oil — HSBC

Cecilia Jamasmie | January 20, 2015
Glencore likely to slash spending on coal, oil — HSBC

The global miner and commodities has estimated spending on oil projects for this year and next of $2 billion and $1 billion on coal expansions.

Tahoe’s Escobal silver mine output at high end of 2014 expectations

Cecilia Jamasmie | January 20, 2015
Tahoe’s Escobal silver mine output at high end of 2014 expectations

The mine generated 20.3 million ounces (moz) of silver contained in concentrates recovered from 1.246 million tonnes of ore at an average grade of 585 grams per tonne (gpt).

Rio Tinto digging up more iron ore despite slumping prices

Cecilia Jamasmie | January 20, 2015
Rio Tinto digging up more iron ore despite slumping prices

The world’s second largest iron ore miner is targeting a 18% output increase this year, adding to a mounting global glut that has driven down the commodity price.

Antofagasta buys Canada’s Duluth Metals, warns lower margins ahead as copper falls

Cecilia Jamasmie | January 19, 2015
Antofagasta buys Canada’s Duluth Metals, warns lower margins ahead as copper falls

With Duluht’s acquisition, Antofagasta takes control of the Twin Metals project, located in north-eastern Minnesota, which is set to become its first operation outside Chile.

ArcelorMittal sells its coal mines to Russia's National Fuel Company

Cecilia Jamasmie | January 19, 2015
ArcelorMittal sells its coal mines to Russia's National Fuel Company

The assets include the coal mines of Berezovskaya and Pervomaskaya, which together produce 700,000 tonnes of coal a year.

Goldcorp strikes $440 million deal for Probe Mines

Cecilia Jamasmie | January 19, 2015
Goldcorp strikes $440 million deal for Probe Mines

The move will see the miner taking control of the Borden Gold project in northern Ontario.

Lust for gold eating up the world’s last rainforests: study

Cecilia Jamasmie | January 16, 2015
Lust for gold eating up the world’s last rainforests: study

Artisanal and illegal gold mining is fast extending its destructive reach into some of the world’s most untouched landscapes.

Iron ore price: Closing marginal producers not enough

Frik Els | January 16, 2015
Iron ore price: Closing marginal producers not enough

Next round of displacements will come from mines "that just 18 months ago could have been making $50/mt or more in cash margin" says new report.

These are the top 10 global mining trends for 2015

Cecilia Jamasmie | January 15, 2015
These are the top 10 global mining trends for 2015

Price volatility, geopolitical turmoil, rising costs, declining grades and a general lack of financing will make of 2015 another challenging year for the sector.

Top 10 copper mines plunge $134 billion in value

Frik Els | January 15, 2015
Top 10 copper mines plunge $134 billion in value

Over just two days the copper price rout has slashed $134 billion off the value of the reserves of the world's largest producers.

Big global copper surplus? Mine cutbacks force rethink

Reuters | January 14, 2015

Cuts in copper mine output are raising doubts about the extent of a widely expected global surplus that has driven down prices, and the reduced production could support a market rebound.

‘Mick the Miner’ goes after Vale's nickel assets

Cecilia Jamasmie | January 14, 2015
‘Mick the Miner’ goes after Vale's nickel assets

The 56 year old who built Xstrata into one of the world’s biggest mining firms and then sold it to Glencore, is tipped to be on the verge of landing his first big fish.

Oil price debacle likely to drive Alberta into recession: report

Cecilia Jamasmie | January 13, 2015
Oil price debacle likely to drive Alberta into recession: report

According to the Conference Board of Canada, the province faces more than just a slowdown.

First Majestic Silver logs record production in last quarter of 2014

Cecilia Jamasmie | January 13, 2015
First Majestic Silver logs record production in last quarter of 2014

It produced over 4 million silver equiv. oz. in Q4, hitting an annual record of 15.25 million silver equiv. oz. for the year.

Yamana Gold raising Can$260 million

Michael Allan McCrae | January 12, 2015
gold fire mining

Proceeds will be used for debt reduction and "general corporate purposes."

Chile mulls making water desalination mandatory for miners

Cecilia Jamasmie | January 9, 2015
Chile mulls making water desalination mandatory for miners

The measure would only be imposed to miners that consume more than 150 liters (40 gallons) of water per second.

Caterpillar stock nosedives on JPMorgan downgrade

Cecilia Jamasmie | January 5, 2015
Caterpillar stock nosedives on JPMorgan downgrade

The analysts argued that as much as 15% of the machinery maker’s revenues are dependent on the oil and gas industry

Codelco pre-tax profits down despite output increase

Cecilia Jamasmie | January 5, 2015
Codelco pre-tax profits down despite output increase in 2014

Pre-tax profit for the year was a bit over US$3 billion, a decline of $760 million when compared to 2013.

Silver Wheaton extends Barrick’s deadline to fulfill Pascua Lama silver deal

Cecilia Jamasmie | January 5, 2015
Silver Wheaton extends Barrick’s deadline to fulfill Pascua Lama silver deal

In the meantime, the miner will receive silver produced at three other Barrick operations in South America.

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