Latin America Mining News

Iron ore price falls 5% – China scrap adds to oversupply fears

China's steel association warns accumulated steel output will exceed 10 billion tonnes in 2016 as scrap prices drop below pig iron costs inside the country.

State of emergency in Peru over mercury poisoning from illegal gold mining

The 60-day decree affects 11 districts in the Madre de Dios region, where several studies have found high levels of the toxic element in people, rivers and fish.

BHP's Spence copper mine in Chile hit by fresh strike

The labour action follows two other one-day protests at the mine and comes as BHP mulls a $2.2 billion investment to expand the operation.

Blackrock backs Bacanora Minerals with $11 million investment

The move by the world's largest asset manager shows increasing interest in the lithium market.

New Antofagasta CEO: weak copper price for at least 2 years

CEO of Chilean copper giant sees 300,000 tonnes surplus this year and next.

Vale readies for iron ore price war

For competitors S11D is a four-letter word.

Indigenous Mexicans challenge constitutionality of mining act

The Me'phaa Indigenous communities argue the mining act violates international treaties that Mexico had signed and ratified.

Harvard, IMF economist: Emerging markets must go for gold

If all central banks were to hold at least 5% of forex reserves in gold (versus 60%+ in rich economies) it would require the purchase of almost 8,000 tonnes

Australia's miners 'missing in action' in Colombia

Australia’s resource houses are “missing in action” in Latin America’s third largest economic powerhouse – Colombia – and should move post haste to rapidly lift their engagement with the mineral rich province.

Australia's Crusader in financing talks to build new gold mine in Brazil

The Juruena mine, in central Brazil, is estimated to hold an initial resource of 178,800 ounces of gold.

Rare earth industry veteran named to MSV board

Mineração Serra Verde (MSV), an advanced development stage rare earth project in central Brazil, announced today the appointment of rare earth industry veteran Eric Noyrez to the Company’s Board of Directors.

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.

Chilean mining powerhouse looks to new options to emerge from global mining slump

Chile says the country has now adopted a proactive stance to reduce foreign investment barriers in its mining sector as it joins a plethora of mining jurisdictions worldwide battling to mitigate the resources downturn.

Rio Tinto forges ahead with Simandou, the world's largest mining project

The massive Simandou project, in Guinea, is considered the world's biggest untapped iron ore deposit.

KGHM delays expansion of flagship mine in Chile, shares jump

Shares in Europe's second-largest copper producer jumped as much as 4.7% on Monday after posting earnings at overseas units that helped the Polish miner beat analysts estimates for the first-quarter profit.

This new silver application may push demand, prices even higher

Silver nanowires can be used to produce flexible screens in a cheaper, less energy-intensive manner, a new study shows.

Key Australian-Latin American Mineral Resources Forum moves to Perth next week for 1st time

Resources investment opportunities across the vast region of Latin America will be in sharp focus next week when Perth plays host to the Latin America Down Under mining investment conference for the first time.

Metso one of the top five mining suppliers in Chile

The company has been awarded first place in the Best Performance Supplier category in the mineral processing segment for the fifth consecutive year

Global gold output to remain weak despite price recovery

BMI Research analysts also believe gold prices bottomed in 2015 and expect the metal to edge higher over the coming quarters.

Norsk Hydro: Hydro and Vale end negotiations for 40 % interest in MRN

Hydro and Brazilian mining company Vale has ended negotiations on the possible acquisition of Vale's 40 % interest in Brazilian bauxite producer Mineracao Rio do Norte (MRN).

BHP resumes expansion plans, says not waiting for prices to recover

Strategic shift comes as the world's biggest miner tries to regain investors' confidence.

Worst week for iron ore price since October 2011

Rout continues ahead of crucial Chinese import data.

Copper price breakout point coming soon

New study shows existing mines, committed projects will fill demand gap only until the end of the decade – then follows "marked downtrend in production"

Silver demand hit record high in 2015

So did production – all time high of 887m ounces.

Mapped: The global coal trade

The global coal trade doubled in the decade to 2012 as a boom took hold in Asia. Now, the coal trade seems to have stalled or even gone into reverse.