Latin America Mining News

Australia federal court narrows BHP's suits over Samarco disaster

BHP said it expected to record a charge of $650 million in its fiscal 2018 results on account of the failure but the charge was at the lower end of expectations according to analysts.

Australia's top gold miner boosts bet on Ecuador copper project

Newcrest Mining has upped its holdings in Ecuador-focused explorer SolGold to 15.33% from 13.83%, nudging further ahead of the company's second biggest shareholder BHP.

Randgold to cease trading as merger with Barrick gets final approval

The planned merger, which creates the world's top gold miner by value and output, has been approved by the Royal Court of Jersey.

Only 13% of board members in the mining industry are women: Bedford

When it came to analyzing named executive officers in mining firms, only 8% were women.

The security risks of mining in Latin America

Americas Market Intelligence says companies need to do their due diligence.

Billionaire president urged to deliver economic recovery in 2019

With the post-election honeymoon just about over, 2019 is the year Pinera must deliver.

Barrick ups investment in Reunion Gold, hopes for big payoff in Guiana

The Toronto-based company, which already owns 15% of Reunion, said the fresh $2.27-million investment leaves its stake in the Quebec-based miner unchanged.

Cuba sees nickel output topping 50,000 tonnes

Nickel is one of Cuba’s most important exports, but revenue from it has suffered in recent years due to a decline in production and prices.

Bacanora Lithium seeks listing of German unit in 2019

The company plans to move forward with the plan only once the feasibility study at its Zinnwald project is completed, in the second quarter of next year.

Workers at Codelco’s iconic Chuquicamata mine down tools

World's No. 1 copper producer says mine operating normally despite labour unrest.

Minera Alamos gets funding for Mexican gold project

The Toronto-based miner needed to complete a change of land use payment.

Fura Gems advances Coscuez emerald project in Colombia

The Coscuez mine has produced some of the best emeralds from Colombia’s Muzo region for more than 300 years.

Anti-mine stance eases in second-largest copper producer

Cajamarca could attract as much as $18.2 billion investment in new projects, according to the Mines and Energy Ministry.

Germany secures access to world's second-largest lithium deposit

The partners expect to produce up to 40,000 tonnes of lithium hydroxide per year beginning in 2022.

Vale buys innovator New Steel for $500m

Vale has focused on sales of better quality iron ore, mostly from its S11D project in Pará state, as demand for the cleaner and less polluting product rises in China, its main market.

BHP calls off sale of Cerro Colorado copper mine as buyer backs out

The world’s No.1 miner had decided to offload Cerro Colorado mine in May last year, as part of chief executive Andrew Mackenzie’s bid to focus on large assets in commodities such as iron ore, copper and oil.

Toronto miner Amarillo allowed to stay in Brazil

The company received approval for a three-year extension of its mining concessions for the Posse gold deposit.

TechMet appoints Admiral Mike Mullen Chairman of advisory board

TechMet has been operational for over a year and has assets, deployed in mining, processing and recycling projects around the world, including Canada, Brazil, Rwanda and Burundi.

Newcrest expands footprint in Chile with two gold deals

The Australian major has signed option and farm-in agreements for Cornerstone Capital Resources’ Miocene and Mirasol Mining's Gorbea properties, all of them in northern Chile.

Rio's partner in Aussie copper project says nothing great so far about it

Antipa Minerals reported "weak mineralization" in a target area that is part of the Citadel project, which has been touted as likely rich in copper.

Anglo ending 2018 on high note, predicts higher output, lower costs

The diversified miner anticipates 2018 production to be 2% ahead of previous guidance and costs to be 5% below.

Newcrest options Cornerstone’s Miocene property

Miocene is in the Atacama and Antofagasta regions of Chile, where Cornerstone is targeting epithermal gold-silver and porphyry gold-copper deposits.

Capstone increases reserves and planned production at Mexican copper project

The Cozamin project is a polymetallic underground mine with a surface milling facility.

Fortuna Silver exercises right to acquire majority stake in Mexican silver project

The Vancouver-based miner has to spend $8 million in qualifying expenditures and complete a preliminary economic assessment.

Peruvian Cerro Lindo mine experiences up to 200% increase in mill liner lifetime with Metso Poly-Met solution

Cerro Lindo is an underground copper mine with an average daily production of 20,000 tons. The mine is located in central Peru, 175 kilometers southeast of the capital city of Lima, and operated by Nexa Resources.