Latin America

Iron ore rally turning into dead cat bounce

Frik Els | September 16, 2014
Iron ore rally turning into dead cat bounce

After 4% surge on Monday, benchmark prices resume slide.

Mariana Resources secures up to US$6 million investment to fund growth of South American exploration portfolio over the next 12 months

Mariana Resources Ltd. | September 17, 2014

Mariana Resources Ltd is an AIM quoted exploration and development company with an extensive portfolio of gold, silver and copper projects in South America.

Escondida surprise lights fire under copper price

Frik Els | September 16, 2014
Escondida surprise lights fire under copper price

News of labour action at world's largest copper mine sends red metal 2.6% higher.

Newstrike surges after strong Mexico PEA

Frik Els | September 15, 2014
Newstrike surges after strong Mexico PEA

Capex of $164m for 116,000oz gold, 239,000oz silver over a 8.2 year life for Ana Paul mine in Guerrero gold belt, Mexico.

Anglogold drops spin-off, rights offer plans

Frik Els | September 15, 2014
Anglogold drops spin-off, rights offer plans

Investors unhappy with $2 billion equity raising convinces world number three producer to drop restructuring plans.

Iron ore price in stunning turnaround

Frik Els | September 15, 2014
Iron ore price in stunning turnaround

Up nearly 4% on Monday; rallying after weeks of intense selling.

Frik Els

$8bn mining private equity needs to be spent. And soon

Frik Els | September 14, 2014
$8bn mining private equity needs to be spent. And soon

Countercyclical investors sitting on $8 billion unspent funds have been waiting for clear signs of a market bottom. The wait may well be over.

Capstone Mining discontinues planned offering of $300 million senior notes

CNW Group | September 13, 2014

Due to "general market conditions".

Ex-FBI boss hired by trust heading BSGR to run internal probe

Cecilia Jamasmie | September 11, 2014
Ex-FBI boss hired by trust heading BSGR to run internal probe

The internal probe is reportedly focused on claims that BSGR bribed Guinean officials to get lucrative rights over Simandou.

These are the top risks miners face

Cecilia Jamasmie | September 11, 2014
These are the top risks miners face these days

Productivity, followed by capital decisions and obtaining a social license to operate, are among the top risks global mining and metals companies face.

Iron ore price bears come out in force

Frik Els | September 10, 2014
Iron ore price bears come out in force

2014 is the "inflection point" and "until mines close it's a world of $70 prices of iron ore."

Tommy Humphreys

Red Eagle takes centre stage in Colorado with 52% feasibility study IRR

Tommy Humphreys | September 9, 2014

A small-ish company, worth about $21 million, Red Eagle has its sights set on cash flowing roughly $50 million in each of 2016 and 2017.

Ex-Codelco boss to lead power firm, push for Chile’s most controversial project

Cecilia Jamasmie | September 9, 2014
Ex-Codelco boss to lead power firm, push for Chile’s most controversial project

Colbun hopes to keep the massive $9 billion HidroAysen power project alive.

Frik Els

How the India-China trade summit could rock iron ore

Frik Els | September 8, 2014
How the India-China trade summit could rock iron ore

Reviving the China-India ore trade which peaked at 120mtpa in 2009 could be part of a grand bargain when Modi and Xi meet for the first time in New Delhi.

Agnico Eagle to buy Cayden Resources for $205m

Frik Els | September 8, 2014
Vancouver gold junior pops on Mexico discovery

Mostly shares-based deal will see Toronto-based Agnico Eagle acquire two highly prospective Mexican gold properties.

Goldcorp: We have hit PEAK gold

Frik Els | September 8, 2014
Goldcorp: We have hit PEAK gold

CEO Chuck Jeannes says barring a major technological breakthrough global gold production probably peaked in 2013.

First female fatality in Chile’s mining industry

Cecilia Jamasmie | September 8, 2014
First female fatality in Chile’s mining industry

A 25-year-old female truck driver died when her vehicle flipped over near Antofagasta Minerals' Los Pelambres copper mine.

About 20% of Chile’s largest copper mines closed or reconverted by 2025

Cecilia Jamasmie | September 8, 2014
About 20% of Chile’s largest copper mines closed or reconverted by 2025

From the 5.8 million tons of copper produced last year, 1.2 million tons came from operations that are facing closure or conversion in 10 years.

Anglo American chief not going for any major corporate split

Cecilia Jamasmie | September 7, 2014
Anglo American chief not going for any major corporate split

A big corporate break-up à la BHP Billiton is definitively not in his books, he told FT.com.

INFOGRAPHIC: A forecast of when the world's resources will run out

Cecilia Jamasmie | September 7, 2014
INFOGRAPHIC: Here is when the world's resources will run out

Here is one interpretation of how much is left on Earth.

Joy Global sees strength in copper price

Frik Els | September 5, 2014
Joy Global sees strength in copper price

Giant equipment maker sees strong fundamentals and changing mining dynamics keeping the price of copper above $3 a pound.

Goldcorp says El Sauzal may not be restarted

Frik Els | September 4, 2014
Goldcorp says El Sauzal may not be restarted

"Worst case scenario" for Mexican mine in final year of its life says Vancouver-based gold giant.

About $50bn in mining investment expected in Guinea by 2025

Cecilia Jamasmie | September 4, 2014
About $50bn in mining investment expected in Guinea by 2025

But some of the nation's resources that are considered among the world’s largest, such as the Simandou iron ore deposit, face both financial and political challenges.

Oilprice.com

Soros signals Argentina’s shale is biggest place to be

Oilprice.com | September 3, 2014
Vale halts $6 billion potash project in Argentina

George Soros has doubled his stake in YPF SA, the state-owned oil company in Argentina, which sits atop some of the world’s largest shale oil and gas resources.

Glencore’s Dominican mine saved by the President

Cecilia Jamasmie | September 3, 2014
Glencore’s Dominican mine saved by the President

President Danilo Medina vetoed bill creating a National Park, which would have blocked the expansion of Glencore's Falcondo mine.

Anglo American to pay $4.5m for environmental breaches in Chile

Cecilia Jamasmie | September 3, 2014
Anglo American to pay $4.5m for environmental breaches in Chile

Authorities say the firm violated 16 environmental rules at El Soldado copper mine, located about 130 km northwest of capital Santiago.

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