Latin America

Goldcorp to open Argentina’s Cerro Negro gold, silver mine in February

Cecilia Jamasmie | November 20, 2014
Goldcorp to open Argentina’s Cerro Negro gold, silver mine in February

The mine is expected to produce 4,000 tons/day of gold and silver concentrate during its 23 years of life.

Continental Gold continues to beat the odds in Colombia

Kitco | November 23, 2014

Toronto-based explorer Continental Gold is stepping closer to developing a commercial-scale underground gold-silver mine in northwestern Colombia , with at least one analyst cheering on the progress.

Gold Fields Q3 drops, CEO says most gold miners ‘under water’

Cecilia Jamasmie | November 20, 2014
Gold Fields Q3 drops, CEO says most gold miners ‘under water’

The miner, structured to "break even" at $1,050 per ounce, warned it would have to re-think the business if bullion prices dip below $1,000 and stayed there for a while.

Peru blows up machines to scare away illegal gold miners

Cecilia Jamasmie | November 19, 2014
Peru blows up machines to scare away illegal gold miners

Just weeks before the country hosts U.N.-sponsored climate talks.

Strike at Peru's top copper mine not hurting output: firm

Cecilia Jamasmie | November 18, 2014
Strike at Peru's top copper mine not hurting output: miner

But unionized workers insist on claiming that Antamina's output would likely drop by at least 90%.

Dismal China data drops copper price back below $3

Frik Els | November 18, 2014
Dismal China data drops copper price back below $3

And if the Chinese government stops adding to its strategic reserves the price could fall towards $2.50 a pound says new research report.

Iron ore price crashes 4%

Frik Els | November 18, 2014
Iron ore price crashes 4%

Drops to June 2009 levels on the way to $70 a tonne after Chinese house prices fall for sixth month in a row.

Batista's new ventures: dog cloning, impotence pills, breath freshener

Frik Els | November 17, 2014
Batista's new ventures: dog cloning, impotence pills, breath freshener

Disgraced Brazilian tycoon on trial for insider trading has signed development deals with a South Korean pharmaceutical company and a dog cloning scientist.

Vale iron ore chief abandons ship amid price crisis

Cecilia Jamasmie | November 17, 2014
Vale iron ore chief abandons ship amid price crisis

The world's largest iron ore producer said the new division head will focus on increasing efficiencies.

Corporate social responsibility is not filling a wish list of community wants: Michael Porter

Michael Allan McCrae | November 14, 2014
michael porter

A top corporate strategist.

Glencore, Mick Davis among suitors of Anglo American mines in Chile

Reuters | November 14, 2014
Former Xstrata CEO Davis gets a $1bn injection for new venture

Glencore and X2, a company set up by former Xstrata boss Mick Davis, are among the suitors of the Chilean copper assets put up for sale by global miner Anglo American.

Iron ore price gains after summit

Frik Els | November 13, 2014
Iron ore price gains after summit

Chinese steel mills restart production but ore demand remains modest.

Grupo Mexico billionaire buying buoys Southern Copper’s stock

Bloomberg | November 13, 2014

German Larrea is purchasing stock in mining unit Southern Copper Corp. (SCCO) to reinforce confidence amid falling metal prices.

Barrick names new executive director for Pascua-Lama

Cecilia Jamasmie | November 13, 2014
Barrick names new executive director for Pascua-Lama

The news come only a day after the project executive director in Chile, Eduardo Flores, told local media that Barrick was hopeful it could find a way forward with the long-delayed mine.

Barrick to push ahead with Pascua Lama, ‘no margin for error’

Cecilia Jamasmie | November 12, 2014
Barrick to push ahead with Pascua Lama, ‘no margin for error’

Finishing the project would take time and around $4 billion more of what Barrick has already invested.

Canada injects $300m in Chile’s copper giant Codelco

Cecilia Jamasmie | November 12, 2014
Canada injects $3m in Chile’s copper giant Codelco

The world’s biggest copper producer will, in turn, procure goods and services from Canadian companies.

What slowdown? Mining equipment market to grow 8.4% a year

Frik Els | November 11, 2014
What slowdown? Mining equipment market to grow 8.4% a year

Mining equipment market to grow at compound annual rate of 8.42% to $134 billion through 2019 surpassing the market for construction equipment.

Weak oil price, currencies helping miners stay afloat

Frik Els | November 11, 2014

A simple rule of thumb is that price changes have a two-to-one impact on the bottom line, while cost changes have a one-to-one impact.

Canadian mergers picking up: New Gold buys Bayfield

Cecilia Jamasmie | November 10, 2014
Canadian mergers picking up: New Gold buys Bayfield

Transaction is worth around $15 million.

Gold down again, some miners selling at loss

Cecilia Jamasmie | November 10, 2014
Gold down again, some miners selling at loss

Friday’s rally was just a brief break for the precious metal.

BHP closer to unveiling details of upcoming spin-off

Cecilia Jamasmie | November 9, 2014
BHP closer to unveiling details of upcoming spin-off

The world’s largest miner is only two weeks away from shedding more light on an upcoming spin-off of unwanted assets.

Scorpio Mining and U.S. Silver merge to create 'leading junior silver producer'

Michael Allan McCrae | November 8, 2014
Silver bars

A better positioned company capable of surviving the current low silver price environment.

Goldcorp working on new plan for El Morro project in Chile

Cecilia Jamasmie | November 7, 2014
Goldcorp to work on new environmental study for El Morro project in Chile

The move comes as Chile's Supreme Court halted the $3.9 billion gold and copper project last month.

New fatality at Codelco’s El Teniente copper mine

Cecilia Jamasmie | November 7, 2014
New fatality at Codelco’s El Teniente copper mine

Another contractor died at the mine only two weeks ago.

Imminent strike at Peru’s largest copper mine supports price

Cecilia Jamasmie | November 6, 2014
Imminent strike at Peru’s largest copper mine supports price

Talks aimed at preventing a November 10 strike at Antamina copper mine, broke down this week.

Lawyers seek Barrick’s support in case against African subsidiary

Cecilia Jamasmie | November 6, 2014
Lawyers seek Barrick’s support in alleged murder case against African subsidiary

African Barrick’s North Mara mine, Tanzania’s largest gold producer, has been a flashpoint of clashes between locals and security forces for many years.

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