Latin America

Iron ore price enters free fall

Frik Els | March 31, 2015
Iron ore price enters free fall

3.6% plunge to just above $50 a tonne on Tuesday brings year to date losses to 28%.

Less than half of copper projects needed to meet demand

Frik Els | March 31, 2015
Less than half of copper projects needed to meet demand

New report identifies 231 existing copper projects with potential output of nearly 13m tonnes which will more than make up for long-term mine depletion.

UPDATE: Teck shares drop after denying merger talks

Frik Els | March 30, 2015
UPDATE: Teck shares drop after denying merger talks

Vancouver-based company contradicts earlier Bloomberg report saying it is in talks with Chile's Antofagasta about combining copper assets.

Fresh iron ore price plunge

Frik Els | March 30, 2015
Fresh iron ore price plunge

Iron ore price falls more than 2% on Monday bringing 2015 losses to 25%. Next stop $45 a tonne says new report.

Copper price falls as Chile brings 1.6mt back on line

Frik Els | March 27, 2015
Copper price falls as Chile brings 1.6mt back on line

Copper down nearly 2% as torrential downpour that shut many of the country's biggest mines is not expected to impact oversupplied market.

Vale CEO Murilo Ferreira to lead Petrobras

Cecilia Jamasmie | March 27, 2015
Vale: Iron ore price to improve second half of the year

Vale's Murilo Ferreira has been nominated as Petrobras' next board chairman, while the company still scrambles to deal with the fallout from a vast corruption scandal.

Iron ore price output caps called 'hare brained'

Frik Els | March 26, 2015
Iron ore price output caps called 'hare brained'

Rio's Sam Walsh says any scheme to artificially prop up prices hovering at six-year lows is "physically not going to work."

JX, Mitsui Mining halt Caserones mine, to take a $421M write down

Cecilia Jamasmie | March 26, 2015
JX, Mitsui Mining halt Caserones mine, to take a $421M write down

The company said the suspension of operation at the copper is momentary, as northern Chile is being hit by torrential rain and snow.

Frik Els

Mining private equity: It's Davis or bust?

Frik Els | March 25, 2015
Mining private equity: It's Davis or bust?

Until Mick Davis pulls the trigger on X2's $5.6 billion, wishful thinking and unhealthy skepticism will pervade talk around private equity and mining.

Mining for copper just got a lot cheaper

Cecilia Jamasmie | March 24, 2015
Mining for copper just got a lot cheaper

A new study shows the costs of mining for the red metal have steadily declined over the past three years.

Chile's court says Barrick’s Pascua-Lama has not damaged glaciers

Cecilia Jamasmie | March 23, 2015
Chile's court says Barrick’s Pascua-Lama has not damaged glaciers

The country's Environmental Court handed Monday a major victory to Barrick’s besieged Pascua-Lama gold, copper and silver project, straddling the border with Argentina.

The religion of gold

GlobeNewswire | March 23, 2015

India's Trade Minister Nirmala Sitharaman recently announced that illegal gold seizures had jumped 30% in the previous year to $150 million.

South Africa woes cast doubt on BHP spin-off success

Cecilia Jamasmie | March 23, 2015
South Africa woes cast doubt on BHP spin-off South32 success

There are a number of challenges South32 is likely to face, including potential Black Economic Empowerment ownership concessions and power price hikes.

Evrim Resources PDAC interview, a Mexican prospect generator investors should follow

CEO.CA | March 21, 2015

The mining exploration business is very risky, with about 3 out of a 1000 good looking prospects becoming mines.

Mexico’s New Energy Projects Aim to Draw Foreign Investment: Bentek Energy

Platts | March 20, 2015

Gulf of Mexico Reserves Open to Private Exploration & Production for First Time Since 1938

Dominican farmers barred from Canada for being 'too critical' of mining

Leader Post | March 20, 2015

A group of farmers critical of Canadian mining interests in their native Dominican Republic has been blocked from travelling to Saskatoon, Toronto and other cities.

Caterpillar Feb. sales down 11%

Cecilia Jamasmie | March 19, 2015
Caterpillar Feb. sales down 11%

The company experienced a annual drop in the resource industries segment sales in every geographic region except Asia/Pacific.

Newmont Mining ordered to turn over evidence to Peruvian wounded in protest

EarthRights | March 19, 2015

New human rights tool will shed light on the events leading to the paralysis of Peruvian farmer during repression of 2011 protest.

Gold reserves dip at Primero's Mexico mine

Marketwired | March 19, 2015

Toronto-based Primero Mining reported Wednesday lower gold reserves at its San Dimas operation, impacted by lower price assumptions, while silver reserves rose.

US grants Peru $1m for Amazon clean-up due to illegal mining legacy

Cecilia Jamasmie | March 19, 2015
US grants Peru $1m for Amazon clean-up due to illegal mining legacy

Funds aim to help reduce the use of mercury and design remediation plans in Peru's southern regions.

Chile imposes 2nd highest fine in history to Pan Pacific Caserones mine

Cecilia Jamasmie | March 19, 2015
Chile imposes 2nd highest fine in history to Pan Pacific Caserones mine

Japan's top smelter, Pan Pacific Copper, will have to pay $11.9 million for breaching several environmental rules.

Barrick faces multi-billion dollar suit over Porgera mine

Cecilia Jamasmie | March 19, 2015
Barrick faces multi-billion dollar suit over Porgera mine

PNG landowners have submitted a position statement, outlining “irreparable losses” as a result of social, economic and environmental damages allegedly caused by the operation.

No end in sight for mining sector gloomy state: report

Cecilia Jamasmie | March 18, 2015
No end in sight for mining sector gloomy state: report

The first two months of 2015 failed miserably to dispel gloomy market conditions affecting the global mining industry, according to a study published Wednesday.

How top gold producers margins are being squeezed

Vladimir Basov | March 17, 2015
How top gold producers margins are being squeezed

In 2014, nine out of top 10 gold producers achieved significant reductions in all-in sustaining production costs, but average cash margin fell victim to bearish gold price.

Argentine police seize 19th-Century gold ingot worth $2m

Cecilia Jamasmie | March 17, 2015
Argentine police seize 19th-Century gold ingot worth $2m

The piece is thought to have been buried in the 1800s for safekeeping.

Chile’s court halts operations at Antofagasta copper warehouse

Cecilia Jamasmie | March 16, 2015
Chile’s court halts operations at Antofagasta copper warehouse

This is the second warehouse in less than two days the court suspends due to health risks from nearby particles.

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