Latin America

Barrick sells 50% of Zaldivar for $1 billion cash

Frik Els | July 30, 2015
Barrick sells 50% of Zaldivar for $1 billion cash

Family-controlled Antofagasta is surprise buyer of Chile copper mine.

Nemaska Lithium gets go ahead for its Whabouchi mine in Quebec

Cecilia Jamasmie | July 30, 2015
Nemaska Lithium gets go ahead for its Whabouchi mine in Quebec

The proposed open-pit surface and underground spodumene mine will produce lithium, highly used in the manufacturing of batteries for cell phones and electric cars.

Southern Silver reports on corporate matters

Marketwired | July 30, 2015

Southern Silver has granted shareholder Electrum Group the right to earn an indirect 60% interest in the Cerro Las Minitas property in Durango, Mexico

Goldcorp slashes dividend 60% amid dire gold market

Cecilia Jamasmie | July 30, 2015
Goldcorp axes dividend

The company also said it will spend between $850 and $900 to produce an ounce of gold this year, less than its previous forecast of between $875 and $950.

Codelco resumes operations at Chuquicamata amid fresh road blockages

Cecilia Jamasmie | July 30, 2015
Codelco resumes operations at Chuquicamata amid fresh road blockages

A group of demonstrators, however, continued to block some access roads on Thursday morning, attempting to seize a bus that was heading to the nearby Gabriela Mistral mine.

Antofagasta cuts copper output forecast for the year

Cecilia Jamasmie | July 29, 2015
Antofagasta cuts copper output forecast for the year

This is the second time this year that the London-listed miner slashes its annual copper production guidance.

Codelco halts world's largest open pit copper mine over strike

Cecilia Jamasmie | July 28, 2015
Codelco halts world's largest open pit copper mine over strike

Things took a turn for the worse Friday, when a worker was shot dead by police near the company's smaller Salvador mine in northern Chile.

First Majestic announces friendly acquisition of Silvercrest Mines

First Majestic Silver Corp. | July 27, 2015
Silver bars

"Combined company with production of well over 20 million silver equivalent ounces per year"

Anglo American to axe 53,000 jobs, put 15 assets up for sale

Cecilia Jamasmie | July 24, 2015
Anglo American to axe 53,000 jobs, put 15 assets up for sale

“It is a pretty tough market,” said Chief Executive Mark Cutifani, “and in all likelihood the next six months are going to be even tougher.”

Vale adds to iron ore supply glut — second highest ever quarterly output

Cecilia Jamasmie | July 23, 2015
Vale adds to iron ore supply glut — second highest ever quarterly output

The world’s largest iron ore producer continued to flood the market despite a current oversupply that has sent prices for the commodity plummeting to historic lows.

Global miners improve policies on community consent, while oil and gas lag

Oxfam America | July 23, 2015
Global miners improve policies on community consent, while oil and gas lag

Implementation of “free, prior and informed consent” policies vital tool to prevent conflict and costs to companies, reveals study published Thursday by Oxfam.

Coal slump hits Teck’s profit, output forecast

Cecilia Jamasmie | July 23, 2015
Coal slump hits Teck’s profit, output forecast

The Vancouver-based miner profit fell 21% in the quarter, making it adjust its 2015 coal production forecast to 25-26 million tonnes from 26.5-27.5 million tonnes.

Newmont results shows it pulling away from peers

Frik Els | July 22, 2015
Newmont sticks to gold output targets, slashes costs

World's second largest gold miner ups 2015 production to 5.2m–5.5m ounces after second quarter earnings jump 30% and costs fall 14%.

Iron ore prices hit by fresh evidence of looming surplus

Cecilia Jamasmie | July 22, 2015
Iron ore prices hit by fresh evidence of looming surplus

Seaborne with 62% content delivered to Qingdao dropped 0.7% to $51.76 a ton, its sharpest drop in two weeks.

Chile's copper output to fall after 2025

EFE | July 22, 2015

According to the Chilean Copper Commission (Cochilco) it would happen due to lack of appropriate technology.

BHP Billiton beats iron ore guidance, takes copper write-downs

Cecilia Jamasmie | July 22, 2015
BHP Billiton beats iron ore guidance, takes copper write-downs

The world's No.1 miner will continue boosting its iron ore output, adding to a global glut and keeping pressure on prices.

The world’s highest grade gold mines

Vladimir Basov | July 16, 2015
World’s highest grade gold mines

Canadian mine takes top honours but Russia and USA dominate the rankings.

Anglo American to write down up to $4bn on weak commodity prices

Cecilia Jamasmie | July 16, 2015
Anglo American to write down up to $4bn on weak commodity prices

This would be second multi-billion dollar impairment charge Anglo takes this year on its coal and iron ore assets.

Prepare for flood of copper concentrate

Frik Els | July 15, 2015
Prepare for flood of copper cocentrate

New data by International Copper Study Group predicts copper mine output will grow 5.7 million tonnes by 2018 as Peru, Zambia and Mexico ramp up production.

Anglo American likely to cut dividend amid commodities collapse

Cecilia Jamasmie | July 15, 2015
Anglo American likely to cut dividend amid commodities collapse

It would be the first time since 2009 that Anglo has to cut dividends.

Guyana gold mine aiming for September start-up

Andrew Topf | July 12, 2015
guyana shutterstock

90,000 ounces per year project will start as an open-pit mine.

Barrick Gold weighs deal for Dominican mine

Globe and Mail | July 12, 2015

Barrick Gold Corp. is considering raising funds from its key gold mine in the Dominican Republic, according to people familiar with the matter, as the world’s largest gold producer races to pay down its debt.

Cecilia Jamasmie

Iron ore prices: the worst is yet to come

Cecilia Jamasmie | July 9, 2015
Iron ore prices: the worst is yet to come

Despite the rosy outlook from Australia’s top iron ore producers, they are all facing staggering demand from their biggest customer — China.

Chile’s Codelco to issue $2.5 billion in bonds amid copper prices collapse

Cecilia Jamasmie | July 9, 2015
Chile’s Codelco to issue $2.5 billion in bonds amid copper prices collapse

Though very few talk about it, Codelco is still suffering the consequences of a deal it signed with China's Minmetals back in 2006.

Iron ore nose-dives, hits fresh lows of $44.6 per tonne

Cecilia Jamasmie | July 8, 2015
Iron ore nose-dives, hits fresh 6 year low

Chinese import price for 62% iron content fines at the port of Qinqdao lost $5.01 or 10.01% of its value to $44.59 a tonne, the largest percentage drop on record.

UN Human Rights unit roasts Canada over mining, aboriginal treatment

Cecilia Jamasmie | July 8, 2015
UN Human Rights unit roasts Canada over mining, aboriginal treatment

The human rights committee is currently meeting in Geneva, Switzerland, ahead of finalizing its report and is hearing from Canadian non-government groups, including Amnesty, and from the federal government.

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