Latin America Mining News

Chile's SQM decides not to hire ex-Chairman Ponce as adviser

Ponce has held power at SQM since it was privatized under Pinochet in the 1980s and is still the largest shareholder.

Global copper output up 7.1 pct in first three months of 2018

Miners around the globe produced 330,000 more tonnes of copper between January and March this year than in the same period of 2017, helped by higher production in world’s leader Chile.

Lumina Gold, First Quantum ink deal to advance exploration in Ecuador

First Quantum will invest $1.5 million to advance exploration work at the Orquideas and Cascas assets in the first year, with the option of investing an additional $37 million over the course of the subsequent four years covered by the deal.

Newmont sells stake in Yanacocha gold mine to Japan’s Sumitomo for $48 million

Sumitomo’s move comes as Japanese trading companies have been grabbing assets and increasing their stakes on a few of them thanks higher commodities prices, which have boosted their profits.

BHP steps up efforts to sell Nickel West business in Australia — report

The world's top miner is said to have hired Goldman Sachs to assist with the sale of the Western Australia-based nickel operation.

Barrick Gold walks away from Guyana joint venture project

Alicanto Minerals will retain 100% of Arakaka gold project.

Indian regulator approves Nutrien’s sale of stake in SQM to Tianqi

The Competition Commission of India green-lighted the $4.1 billion deal reached in May between the Canadian potash giant and China’s Tianqi Lithium.

BHP to sell Chile’s Cerro Colorado copper mine to equity fund EMR

Sale is part of chief executive Andrew Mackenzie’s bid to focus on large assets in commodities such as iron ore, copper and oil.

Chile antitrust watchdog probing Tianqi buy of lithium miner stake

The country's antitrust regulator is investigating the effects on the market of Chinese miner Tianqi Lithium acquisition of a 24% stake in SQM, the world's second largest lithium producer,

Landslide at Honduran mine kills four

Four people died and five were injured following a landslide at an artisanal gold mine in the town of El Retiro.

Samarco is said nearing settlement with Brazil prosecutors

Resolving the legal cases will allow talks with creditors to begin as the company starts to draft its long-term business plan.

Brazil's new mining code rules rolled out

The new rules are a clear effort to improve the current legislation as seamlessly as possible, but in close attention to the international industry dynamics and to a number of other sensitive issues (such as environmental recovery and security).

Mitsubishi ups stake in Anglo’s Quellaveco copper project in $600-million deal

Anglo will sell a 21.9% stake in its Peruvian copper project to Mitsubishi, increasing the Japanese firm’s stake in the venture to 40%.

Brazilian President changes decades-old mining laws to lure investment, protect environment

The two separate decrees aim at making the local industry more competitive and sustainable, while while implementing rules on the collection of higher mining royalties.

Australia takes over Chile as world’s No.1 lithium producer

It produced 4,600 tonnes of lithium more than Chile in 2017 boosted mainly by record output at Mt Cattlin and Mt Marion mines.

Kinross going ahead with expansion of Alaska gold mine

Project is expected to extend Fort Knox mine life to 2030 and generate 17% internal rate of return (IRR) at a low capital cost.

Workers at BHP's Spence copper mine in Chile approve labor contract

The deal also includes a 2 percent increase over current base salaries.

Vale moves ahead with long-awaited expansion of Voisey's Bay mine

Transiting Voisey's Bay nickel mine from open-pit operations to underground will cost about $2 billion, and is expected to extend its productive life to 2035.

Escondida union in Chile optimistic will reach deal with BHP

The union at the world's largest copper mine said BHP has promised to respond to its recent proposal for a new contract by 3 pm local time on Monday.

Five bodies rescued from collapsed mine in Mexico

A dam filled with liquid waste collapsed last Monday at Rio's Cieneguita mine in Chihuahua.

Billionaire schools teacher in NAFTA talks

How did we get here and what does this ratcheted-up trade war mean for Canada, the United States and investors?

Copper price: Chinese concentrate imports hit 18-year high

As scrap ban bites Chinese traders up May cargoes 37% year on year.

Northvolt begins building Europe’s largest lithium-ion battery plant

The battery cell maker is working on the first section of the factory, in Skellefteå in the north of Sweden, which will be completed in 2020 and produce eight gigawatt cell capacity per year.

Copper price rallies to highest since January 2014

Labour negotiations in the copper mining industry still left to resolve - including Escondida - represent about 2.6 million tonnes out of global copper supply.