Crisis-hit Venezuela has $9.5 billion in debt payments due and really only its gold reserves to pay for it. But these bullion deals come at a steep discount.
Latin America Mining News
Experts looked at over 500,000 survey responses from over 60,000 employees in 13 different industries worldwide.
Technique likely to become an inexpensive way to uncover rich copper deposits.
The copper mine, property of Japan's top smelter JX Nippon Mining & Metals, will have to pay $10.8 million for breaching environmental rules.
FTSE 100 reweighting to take place in March.
The company is said to be wanting to offload its Barro Alto nickel mine and the vast Minas-Rio iron ore complex.
More than 200 delegates from the mining, renewable energy and finance sectors attended this event.
The cut-back should help the miner lower all-in sustaining costs of production and generate free cash flow.
Largo announces closing of the first tranche of recently announced private placement and signing of binding term sheet for new debt facilities.
Ruling puts and end to dispute dating back to 2013.
The besieged miner plans to lower costs at its iron ore mines after boosting total annual output for the steelmaking ingredient.
New warnings about impact of super-concentrated supply of steelmaking raw material.
The miner expects an output of 710,000-740,000 tonnes for 2016 as it ramps up production at its Antucoya and Centinela Concentrates mines, as well as from its share in Zaldivar mine, which co-owns with Barrick Gold.
Quarterly net loss attributable to common stock was $4.08 billion, or $3.47 per share, compared with a loss of $2.85 billion, or $2.75 per share, last year.
The company has now at least 60 days to come up with a plan to address and fix pollution problems tied to its operations Tubarão, one of Vale's most important ports.
From 2005 to 2015 Chile's copper output rose a mere 8%, while Peru’s grew 37%, China’s 114%, Zambia’s 72% and Congo’s 956%.
The suspension of activities at Vale's Port of Tubarão, ordered by a Brazilian federal court on Thursday, is likely to cause strong reaction in the global iron ore market.
The asset writedown is primarily related to two Latin American assets — Pascua Lama project, on the border of Chile and Argentina and Pueblo Viejo, in Dominican Republic.
As the world prepares to house, feed and care for 9.7 billion people, Ahead of the Herd founder Rick Mills is looking for the companies that will profit from the silent tsunami of demand creeping up on resource and healthcare providers.
CEO Ricardo Vescovi and operations chief Kleber Terra were among those accused of environmental crimes by Brazil’s Federal Police earlier this month.
Last year, the CRA slapped the company with a fine and ordered the miner to pay more than $200 million in back taxes, but the firm objected the decision.
Miners suffering fresh sell-off as oil price falls and the IMF lowers growth forecast for China, rattling investors.
Despite recent market volatility and exposure to low oil and commodity prices, the countries growth won't be affected, says the bank.
Mexico’s biggest copper producer is leveraging its relatively low debt and strong profit margins to invest more than $4.6 billion expanding some of its mines.
The strategy is to explore and build a mine in phases for the least amount of time and upfront investment dollars with subsequent investment based on continued success.