Latin America

Freeport's $2 billion Chile sale hits snag

Frik Els | August 29, 2014
Freeport's $2 billion Chile sale hits snag

Phoenix-based copper giant want to to sell its Candelaria copper-gold mine to Canada's Lundin Mining.

Codelco production up, copper price slump trims down profit

Cecilia Jamasmie | August 29, 2014
Codelco production up, copper price slump trims down profit

Pre-tax profit dropped 27% in the first half to $1.3 billion.

Glencore’s Dominican mine in limbo after national park plan approved

Cecilia Jamasmie | August 29, 2014
Glencore’s Dominican mine in limbo after national park plan approved

The country’s legislators approved this week a ruling that declares the region surrounding the mine a national park, affecting Glencore's ability to expand it.

CHART: Copper price could follow iron ore over a cliff

Frik Els | August 28, 2014
CHART: Copper price poised to follow iron ore over a cliff

Iron ore is down 34% this year over China fears, soft demand and surging supply. The copper market is equally exposed, but has so far defied fundamentals.

Less than 2% of Peru’s total mining concessions are active

Cecilia Jamasmie | August 28, 2014
Less than 2% of Peru’s total mining concessions are active

Around 15,000 of the total 55,000 licences in effect risk fines and even losing all privileges over the land.

Barrick scraps corporate development team: report

Jeffrey Richmond | August 27, 2014
Barrick scraps development team to cut costs

More cuts may be on the way.

Chinese investment to make Peru world’s second-largest copper producer

Cecilia Jamasmie | August 27, 2014
Chinese investment to make Peru world’s second-largest copper producer

Chinese backers are now behind one-third of all Peru’s new mining investments by value.

Cecilia Jamasmie

Largest iron ore miners smashing Chinese competitors

Cecilia Jamasmie | August 27, 2014
Largest iron ore miners smashing Chinese competitors

There’s a death match among iron ore producers, with the big Australian miners and Brazil's Vale increasing pressure on their high-cost Chinese rivals.

Report: Worst is surely over for explorers

Frik Els | August 25, 2014
Report: Worst is surely over for explorers

Capital raising for exploration up more than 32%.

Michael Fowler: Juniors and midtiers poised for M&A-fueled breakout once gold recovers

The Gold Report | August 25, 2014
Juniors and Midtiers Poised for M&A-Fueled Breakout Once Gold Recovers

Michael Fowler, senior mining analyst with Toronto-based Loewen, Ondaatje & McCutcheon, says majors need development-stage companies with high-grade, near-term production assets

Busy times ahead: global mining deals on their way up

Cecilia Jamasmie | August 24, 2014
Busy times ahead: global mining deals on their way up

Gold assets among favourites.

Brazil’s iron ore giant MMX to sell off 300,00 tonnes of stockpile

Cecilia Jamasmie | August 21, 2014
Brazil’s iron ore giant MMX to sell off 300,00 tonnes of stockpile

The news comes only a day after MMX announced it was temporarily halting operations at its only producing mine.

Vale secures key licence for flagship iron ore mine expansion

Cecilia Jamasmie | August 21, 2014
Vale secures key licence for flagship iron ore mine expansion

The project is considered vital for Vale as the miner has been losing market share to Rio Tinto and BHP Biliton.

Executive changes at Antofagasta Minerals, chairman stepping back

Cecilia Jamasmie | August 21, 2014
Executive changes at Antofagasta Minerals, chairman stepping back

Jean-Paul Luksic, who was appointed in 2004, will now take a non-executive role with effect from Sep. 1st.

Aggressive cost-cutting boosts silver miner Hochschild core profit

Cecilia Jamasmie | August 20, 2014
Aggressive cost-cutting boosts silver miner Hochschild core profit

Increased output from its mines in Peru and Argentina also helped the company slash first-half interim loss.

Mexican mining company lied on spill: government

Cecilia Jamasmie | August 20, 2014
Mexican mining company lied on spill: government

Authorities said Grupo Mexico lied about a spill of 40,000 cubic meters of acids and heavy metals that contaminated two rivers and a dam in the northern state of Sonora.

Brazil’s iron ore giant MMX to file for bankruptcy

Cecilia Jamasmie | August 19, 2014
Brazil’s iron ore giant MMX to file for bankruptcy

Shares in the company fell by almost 8% on the news, hitting an all-time low.

Gold Fields sells majority stake in Peruvian project to Buenaventura

Cecilia Jamasmie | August 19, 2014
Gold Fields sells majority stake in Peruvian project to Buenaventura

The Peruvian firm will develop the deposit as an underground mine, instead of as an open-pit project.

Travis McPherson - CEO.ca

Ross Beaty on the end of his Lumina Group dynasty

Travis McPherson - CEO.ca | August 19, 2014
ross beaty feat

"I am really pleased that First Quantum has successfully acquired our Taca Taca deposit."

Cecilia Jamasmie

Demerged BHP may not hold on to coal assets for long: analysts

Cecilia Jamasmie | August 18, 2014
Demerged BHP may not hold on to coal assets for long: analysts

The division contributed just $746 million of the $21.12 billion earnings BHP reported for the 2013 financial year.

BHP spinoff could be worth $12 billion

Frik Els | August 18, 2014
BHP spinoff could be worth $12 billion

Speculation is of a new Perth-based company with current CFO Graham Kerr at the helm housing non-core assets including Australian lead-silver mine.

End of the line for Colombia's 'growth locomotive'

MINING.com Editor | August 14, 2014
Colombian 'growth locomotive' finished

Central banker says mining and energy boom has passed.

Latin America’s largest petrochemical company chooses AVEVA software

AVEVA | August 14, 2014

Massive migration of engineering and design data of Braskem’s 12 petrochemical units to AVEVA PDMS will guarantee data continuity, maintenance and new projects

Former Chilean president slams Codelco’s governance, calls for greater autonomy

Cecilia Jamasmie | August 14, 2014
Former Chilean president slams Codelco’s governance, calls for greater autonomy

He sees it as a key part of the firm's ambitious investment strategy, which in the next stage will plow $25 billion to overhaul older mines.

Mexican copper mine 'too slow' to report spill

Cecilia Jamasmie | August 13, 2014
Mexican copper mine too slow to report spill: authorities

Grupo Mexico has denied reports claiming it did not immediately report a massive acid spill from its Buenavista mine in the country's north.

First Majestic Silver profit up, but below estimates

Cecilia Jamasmie | August 13, 2014
First Majestic Silver profit up, but below estimates

Output at the company's mines reached a record 3,855,223 silver equiv. oz., up 6% from the previous quarter.

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