Latin America

China’s rate cuts to slow copper demand even further — report

Cecilia Jamasmie | July 3, 2015
China’s rate cuts to slow copper demand even further — report

China's central bank commitment to ensure policy remained prudent this year may mean no more monetary stimulus, which could see copper demand growth slow further.

McEwen Mining may lose NYSE listing

MINING.com Editor | July 2, 2015
mcewn mining nyse delisting

Low share price.

Chile gives copper giant Codelco much-needed $225 million cash injection

Cecilia Jamasmie | July 2, 2015
Chile gives copper giant Codelco much-needed $225 million cash injection

The funds will come from the company’s own 2014 profits, as the state-owned miner gives its profits to Chile's government.

Anglo American laying off up to 20% of its staff as investors press for further savings

Cecilia Jamasmie | July 2, 2015
Anglo American laying off up to 20% of its staff as investors press for further savings

Cuts likely to be announced at the end of the month, when the miner is set to publish its first-half results.

Vale extends slide as outlook for iron ore remains bleak

Sydney Morning Herald | July 1, 2015

The world's largest iron-ore miner, sank to a two-month low after the steelmaking ingredient tumbled on concern supplies are too high.

Iron ore falls below the $60 mark again

Cecilia Jamasmie | July 1, 2015
Iron ore falls below the $60 mark again

The value of the commodity has fallen by about 35% over the latest 12-month period, hitting Australia’s economy harder than expected.

Thiess wins $137 million Chilean copper mine contract

Michael Allan McCrae | July 1, 2015
thiess contract $137 million services agreement for the Encuentro Oxides Antofagasta

Mine will produce 50,000 tonnes of copper cathode per year.

Copper price falls as Chile brings over 500,000 tonnes in line

Cecilia Jamasmie | June 30, 2015
Copper price falls as Chile brings over 500,000 tonnes in line

Production of the industrial metal jumped up 7.8% in May, when compared to April’s figures,despite dwindling ore grades in several of the country's aging copper mines.

BHP tipped as favourite in race for Barrick’s Zaldivar mine in Chile

Cecilia Jamasmie | June 29, 2015
BHP tipped as favourite in race for Barrick’s Zaldivar mine

BHP already operates the world’s largest copper mine, Escondida, which sits, quite literally, across the road from Zaldivar.

Behind Latin America’s anti-mining protests: water concerns

World Politics Review | June 25, 2015

Mining conflicts are intensifying across Latin America, with 218 mining projects embroiled in conflicts with 312 communities—including six conflicts spanning national borders—from Mexico to Argentina.

Iron ore prices hit six-day highs, but rally won’t last say experts

Cecilia Jamasmie | June 24, 2015
Iron ore prices hit six-day highs, but rally won’t last say experts

Analysts from Goldman Sachs, Citi and ANZ predict prices will drop again below $50 a tonne.

Vale expects to raise $1.5 bln from asset sale in Brazil

Reuters | June 24, 2015

The world's largest producer of iron ore could raise about $1.5 billion through the sale of a stake in one of its Brazil-based assets.

Chile may revoke Teck’s copper mine permit over environmental breaches

Cecilia Jamasmie | June 23, 2015
Chile may revoke Teck’s copper mine permit over environmental breaches

Teck is facing sanctions over infractions that include openings in the deposit where the ore is stored and a failure to build sufficient water infrastructure.

Visual Capitalist

INFOGRAPHIC: The looming copper supply crunch

Visual Capitalist | June 23, 2015
This firm has more than half the copper in LME warehouses

The market for copper is equal to approximately $120 billion each year, which rivals that of even iron ore.

Gold toll milling in Peru

Montan Mining | June 19, 2015
montan mining

Montan was specifically created to be in Peru because our management team has a track record of success, experience and roots there.

Mick Davis outbid

Frik Els | June 17, 2015
Mick Davis bids for Anglo's Chile mines

X2 Resources still in race for Anglo's mines but "couldn't make the numbers work" for Barrick's Zaldivar with seven firms outbidding the $5 billion fund.

Visual Capitalist

INFOGRAPHIC: Every Chinese overseas investment over $100m visualized

Visual Capitalist | June 17, 2015
China's stake in rare earths market shrinking

Showing over 1,250 attempted transactions, this list includes both successful and failed attempts in order to visualize the ebb and flow of Chinese investments up until mid-2014.

Goldcorp sells off 26% stake in Tahoe to raise cash

Cecilia Jamasmie | June 17, 2015
Goldcorp sells off 26% stake in Tahoe to raise cash

The news came on the same day Royal Bank of Canada downgraded Goldcorp’s stock to “sector perform” from “outperform,” citing concerns over the miner’s ability to continue paying its monthly dividend.

The world’s top 10 gold mines

Vladimir Basov | June 16, 2015
Blockade lifted at Freeport Grasberg mine in Indonesia

Together these giant gold operations produce more than 10 million ounces per year.

Workers at Chile's Collahuasi copper mine end strike

Cecilia Jamasmie | June 16, 2015
Workers at Chile's Collahuasi copper mine end strike

The 24-hour stoppage did not affect operations, according to the mine management.

Mine financing: 2015 off to dismal start

Frik Els | June 11, 2015
Mine financing: 2015 off to dismal start

A third of money raised is destined for Canadian projects while Australia's share of global total drops to only 5%.

INFOGRAPHIC: Geopolitical risks are climbing – interstate conflict is top risk in 2015

Visual Capitalist | June 11, 2015
Top forecaster says geopolitics main gold price driver

Over the last decade economic events or environmental issues came out as top risks to the world according to the annual WEF survey. Not this year.

Peru mining investment down 14% on unrest, violence, low metal prices

Cecilia Jamasmie | June 11, 2015
Peru mining investment down 14% on unrest, violence

Total for this year may be $7.7 billion, down from 2014's $8.7 billion and significantly lower than a record $10 billion in 2013.

Gigantic Chinese-owned mine shaking up copper's top tier

Frik Els | June 10, 2015
Gigantic new copper mine reaches milestone

Chinese-owned Peruvian mine inks 15-year transport deal moving 400,000 tonnes per year from January 1 2016 making it the planet's third largest copper mine.

Producers rally on soaring iron ore price

Frik Els | June 10, 2015
Producers rally on soaring iron ore price

Iron ore rallies again after Vale CEO predicts 200 million tonnes of Chinese production shutting down and seaborne market growing to 1.44 billion tonnes.

How central banks will push up the gold price

Frik Els | June 9, 2015
How central banks will push up the gold price

Just to up gold as a share of forex reserves to 5% – compared to 70% in developed economies – central banks in emerging markets need to buy 8,000 tonnes.

More »