Latin America Mining News

Striking Bolivian miners lift roadblock after killing country’s deputy minister

Rodolfo Illanes (56) was kidnapped Thursday, tortured and beaten to death according to officials.

Higher gold price will add 10m annual ounces by 2020

The world is far from reaching peak gold – miners are making the most of a rising gold price to bring giant projects on stream before the end of the decade.

Samarco restart still a year away

World's largest iron ore pellet operation has been shut since November.

Kinross Gold halts Maricunga mine in Chile, lays off 300 workers

Suspension of Maricunga comes earlier than planned after a court upheld the country’s regulator decision to shut down the water system linked to the mine over environmental concerns.

Mining has nothing to fear from Fed rate hikes

Study shows commodities have been the best performing asset class during Fed rating hike cycles since 1983 with average returns for industrial metals 44%

South32 posts $1.6bn loss but pays maiden dividend

The miner continues to look for new assets, including Anglo American’s 40% stake in their manganese joint venture — Samancor.

More Peñasquito problems for Goldcorp

Report claims contamination of groundwater at Vancouver gold miner's flagship mine in Mexico may be more serious than previously thought.

Glencore posts worst half-yearly profit since listing in London

Despite a rebound in commodity prices and successful costs cuts, Glencore remained in the red in the six months to end-June.

Venezuela ordered to pay Vancouver miner $1.6 billion

Shares in Rusoro Mining soars 122% after international arbitration tribunal awards damages over late president Chavez's seizure of its gold mines in 2011.

Iron ore’s rally has its days numbered — Citi

Citi analysts believe the steel-making ingredient will average $51 a tonne in the final quarter of 2016 and fall to $45 next year.

Eldorado announces new exploration projects in Romania, Serbia and Brazil

Eldorado Gold Corporation, ("Eldorado" or "the Company") is pleased to announce plans at four new exploration projects.

Too much copper drops price to six-week low

Few disruptions could dump additional 230,000 tonnes onto already oversupplied market this year.

Vale closer to $9 billion Chinese streaming deal – report

Impact on iron ore price uncertain as China's sovereign wealth fund leads investor group to secure portion of Brazilian giant's output for the next 30 years.

McEwen Mining appoints Donald Brown as Sr. Vice President, Projects

Mr. Brown is a seasoned mining professional having previously held roles as Vice President of Projects for Glencore and Construction Manager for Bechtel Mines and Metals.

Colombia to penalize illegal gold mining with up to 12 years in prison

The Colombian Congress is discussing a bill that introduces the term “ecocide” to classify the effects of illegal mining and that would set harsh penalties for those who commit such crimes.

Moody’s has just called the bottom of the commodities rout

The worst is over, at least for base metals, says Moody's, but warns that challenging industry conditions should continue through to at least 2018.

Bolivia sets high hopes on its lithium industry

The country began shipping lithium to China this week, in what is considered the first step towards fulfilling its ambitions to becoming the world’s No. 1 exporter of the commodity.

Here’s why silver is crushing gold — Pan American Silver CEO

Silver is up 40% to date, while gold has only gained about 28%.

Premier Gold Mines strengthens senior management team

Charles Ronkos has joined the company as Executive Vice-President, Project Development - Americas.

Glencore tries to enforce its rights in Bolivia

Bolivia seized three of Glencore’s operations in nine years and the Swiss giant is now initiating arbitration proceedings against the South American nation.

World’s No. 1 miner BHP Billiton posts $6.4bn annual loss — its worst-ever

Not even counting the $7.7 billion in write-downs and charges, BHP’s underlying profit dropped by a painful 81% to $1.2 billion for the year to June.

Metso inks key deal with world's largest copper miner Codelco

To support the conversion of Chuquicamata, the largest open-pit copper mine in the world, to a large-scale underground mining operation.

Chile’s Codelco may slash copper output as it further cuts costs to the bone

The world's top copper miner admits to be facing its “worst crisis ever” since created in 1976.

Colombia’s largest mine turns to Australian tech to reduce environmental impacts

The Cerrejón mine is one of the world’s largest open cut coal operations.

Rob McEwen on preserving upside for shareholders

Selling royalties and streams can be "a Faustian bargain".