Latin America Mining News

Morgan Stanley: Iron ore will drop to $35 by fall

Iron ore advanced to a 5-week high of $53.40 on Tuesday, but analysts see steep decline in the final quarter of 2016.

Copper is soaring, hits 7-week high

Thanks in part to a weak US dollar and the chance of monetary policy easing in China, responsible for nearly half of global metals demand.

Potash price surge could lead to higher food costs for billions

We are on the precipice of a food fight among 7 billion people, and potash will be right at the center of it.

BHP hikes exploration spending, to focus mostly on copper, oil

It will raise its annual exploration spending by 29%, allocating nearly all its $900 million budget to finding new copper and oil deposits in the fiscal year beginning next month.

China's nuclear war on coal

Beijing's already cut coal miners working hours by 16% and plans to eliminate 500 million tonnes of coal capacity within just 3–5 years.

Primero Mining wants Canadian Gov’t to intervene in tax dispute with Mexico

The silver miner says Ottawa needs to press Mexican authorities to ensure Canadian investors are treated fairly.

Second Latin American Diamond and Jewelry Week opens at the World Jewelry Hub in Panama City

The Second Latin American Diamond and Jewelry Week opened yesterday at the World Jewelry Hub in Panama City, in the presence of government and industry leaders, as well as buyers and suppliers of jewelry, diamonds and colored gemstones from more than 20 countries in Latin America and around the world.

The world's 50 most valuable mining companies

Combined these mining and metal giants are worth $700 billion with operations in every corner of the world.

Rio Tinto may be planning a $9bn spinoff a la BHP

Rumours follow Rio's decision to group its least loved units — coal, uranium salt, borates and its Iron Ore Co. of Canada — under a new umbrella branded as the “energy and minerals” business.

BHP just forecast ‘another 10 years’ of iron ore glut

Chief executive Andrew Mackenzie believes the iron ore market will take longer to balance out than other commodities due to an excess of supply coming on stream in the next few years.

Rio Tinto to boot iron ore chief in fresh management shake-up

Andrew Harding, once tipped as the most likely person to take the company’s reins, is being replaced by Chris Salisbury, currently leading the copper and coal division.

Gold supply to drop by 7 pct by 2021 – Newmont CEO

"We are one of the few who are building."

Samarco said to be in restructure talks

30 million tonnes per year iron ore mine owned by BHP and Vale idle since November.

Mosaic in talks to acquire Vale fertilizer unit in $3bn deal — report

A cash-and-stock deal is said to be the favourite option at this point, though the parties are also discussing other alternatives.

Lundin Gold getting closer to developing Fruta del Norte in Ecuador

With construction expected to start in 2018, the US$669-million Fruta del Norte project could finally begin production before the end of the decade.

Samarco iron ore won't restart this year

Vale-BHP joint venture was shut after deadly dam spill in November – Samarco produced a fifth of global seaborne iron ore pellets supply before the disaster.

INFOGRAPHIC: The trajectory of Venezuelan hyperinflation looks familiar…

Extreme shortages of food and power continue to ravage the country of Venezuela, and ordinary people have been paying the price.

An evaluation of the lithium mining environment in South America

The extent to which the lithium market will grow is contested, but market trends indicate that lithium will be an increasingly profitable sector within mining in the next five years.

$5.8 billion lawsuit over BHP-Vale disaster dismissed

Companies still face another much bigger civil action over November's deadly tailings dam burst at its Samarco iron ore mine in Brazil.

Millions of Latin Americans risk sliding back into poverty

New Regional Human Development Report recommends social protection, care systems, labour skills and closing historic gender, racial and ethnic gaps not resolved with economic growth alone

Glencore: Massive investment in coal mines needed

Up to 1 billion tonne annual supply gap in seaborne coal by 2030 if no new mines are built according to climate change report by Swiss mining, trading giant.

Police investigation finds BHP-Vale Brazilian venture at fault for dam collapse

Eight executives will also face charges, although the police did not disclose their names.

Australia recovers lost ground, named world’s top mining investment destination

Canada slipped in the Fraser Institute’s global ranking, while Chile remains the most attractive jurisdiction in Latin America.

China on track to import 1 billion tonnes of iron ore this year

Chinese import volumes jumped 22% in May compared to last year giving support to iron ore price back above $50 a tonne.

Gold firms gear up for growth as cost of mining the metal falls

Early signs of activity include Kinross Gold's March decision to expand its Mauritanian gold mine and Goldcorp acquisition of junior Kaminak for $520 million in May.