Latin America

Guinea government to strip Vale, BSGR of all Simandou rights

Cecilia Jamasmie | April 17, 2014
Guinea government to strip Vale, BSGR of all Simandou rights

The West African nation is ready to withdraw the mining permits held by VBG, a company run by BSGR and Vale.

Chile’s main iron-ore producer to invest $650 million this year

Cecilia Jamasmie | April 16, 2014
Chile’s main iron-ore producer to invest $650 million this year

The biggest chunk of the investment will be allocated to CAP's Cerro Negro Norte operation in the country's north.

Brazil’s iron miners risk losing market share to Australian competitors

Cecilia Jamasmie | April 16, 2014
Brazil’s iron miners risk losing market share to Australian competitors

Brazil's mining sector is expected to see slower average growth rates through 2018 compared with previous years, a report by Business Monitor shows.

Brazil’s Vale gets $2.8bn for iron ore expansions

Cecilia Jamasmie | April 15, 2014
Brazil’s Vale gets $2.8bn for iron ore expansions

Loan will help the miner improve its railway network and build a new mining and processing unit in Para state

Cecilia Jamasmie

Rio Tinto iron ore output hit by bad weather in Australia, Canada

Cecilia Jamasmie | April 15, 2014
Rio Tinto iron ore output hit by bad weather in Australia, Canada

Production of the steel-making material, however, increased by 16%, which means the miner is on track to meet its full-year target.

Fortuna Silver jumps after breaking production records

Frik Els | April 14, 2014
Fortuna Silver jumps after breaking production records

The Vancouver-based miner's shares surge after its silver and gold properties in Mexico and Peru up production more than 50%.

Codelco could tap sovereign wealth fund for needed mine expansions

Cecilia Jamasmie | April 14, 2014
Codelco could tap sovereign wealth fund for needed mine expansions

The world's No.1 copper producer needs to invest roughly $30 billion in the next decade to counter dwindling ore grades in its massive mines.

Anglo American seeks $600 million compensation from Venezuela

Cecilia Jamasmie | April 14, 2014
Anglo American seeks $600 million compensation from Venezuela

The miner became the latest corporation to sue the nation over the way it has treated foreign companies during Hugo Chavez administration.

Glasenberg pulls off blockbuster Las Bambas deal

Frik Els | April 13, 2014
Glencore gets $6bn cash for Las Bambas

Chinese buyers cough up $6.3 billion in cool hard cash for massive Peru copper project indicating renewed confidence in prospects for the red metal.

BHP can't do for coking coal prices what it did for iron ore

Frik Els | April 13, 2014
BHP can't do for coking coal prices what it did for iron ore

BHP is losing big money on its push for a coking coal spot market.

Brazil Batista engaged in insider trading: report

Cecilia Jamasmie | April 11, 2014
Brazil Batista engaged in insider trading: report

The country's securities regulator, known as CVM, has found Batista waited 10 months to disclose that four oil fields were not commercially viable.

Bolivia to revise new mining law

Cecilia Jamasmie | April 11, 2014
Bolivia to revise new mining law

Bolivian President Evo Morales and leaders of the National Federation of Mining Cooperatives have formed a commission to quickly redraft at least three controversial articles of the recently-approved ruling.

Former JPMorgan commodities chief under federal probe

Cecilia Jamasmie | April 11, 2014
Former JPMorgan commodities chief under federal probe

The probe was opened following a settlement with regulators that alleged JPMorgan manipulated power markets in the Midwest and California.

Largo provides operational update

CNW Group | April 10, 2014

Construction of the Maracas Vanadium Project is now 99.8% complete, with only the installation of auxiliary items still underway.

Codelco workers suspected of stealing over $80m in copper

Cecilia Jamasmie | April 10, 2014
Codelco sues employees suspected of stealing over $80 million in copper

The criminal activity involved contractors and it had been going on since 2011.

Endeavour Silver production jumps 26% in Q1

Cecilia Jamasmie | April 9, 2014
Endeavour Silver production jumps 26% in Q1

Pure silver production increased 26% to 1.89 million ounces, while gold output rose 23% to 18,519 ounces.

Report: Guinea will strip Vale, BSGR of all Simandou rights

Frik Els | April 9, 2014
Report: BSGR, Vale should be stripped of Simandou rights

Brazilian giant acquired the interest in Simandou from diamond tycoon Beny Steinmetz's mining arm BSGR for $2.5 billion in 2010.

Poll: 74% of Chileans want mining companies to pay higher taxes

Cecilia Jamasmie | April 9, 2014
Poll: 74% of Chileans want mining companies to pay higher taxes

They believe those funds should be allocated to the regions where mining operations are based.

Study: Copper surplus likely to push price down to $2.75 a pound

Frik Els | April 8, 2014
Study: Copper surplus likely to push price down to $2.75 a pound

The closely-watched Thomson Reuters GFMS annual copper survey paints a grim picture for the copper price in 2014 and beyond.

Codelco unveils new copper deposits holding over 1,800 million tonnes

Cecilia Jamasmie | April 8, 2014
Codelco could tap sovereign wealth fund for needed mine expansions

The world’s No.1 copper producer said the recently found deposits are all located nearby current operations.

Matchmaking miners and China's $7 trillion in savings

Cecilia Jamasmie | April 7, 2014
China hunts for mining deals overseas with more than $7 trillion to spend

Only last year Chinese overseas investment totalled $61.6 billion by the end of September.

'All investment comes through Toronto': Colombia mining minister

Cecilia Jamasmie | April 7, 2014
Amylkar Acosta Colombia mining minister

Colombia outpaces investment in all of Latin America.

Chile mulls new investment incentives for miners

Cecilia Jamasmie | April 4, 2014
Chile mulls new investment incentives for miners

Amid mounting criticism on the a proposed reform to the country’s foreign-investment law that removes a mining-friendly clause.

Ebola outbreak in Guinea forces miners to lock down operations

Cecilia Jamasmie | April 3, 2014
Ebola outbreak in Guinea forces miners to lock down operations

Brazilian iron ore giant Vale has removed its six international employees and put its local workers on leave.

Chile’s mining area hit by 7.8 magnitude aftershock, President evacuated

Cecilia Jamasmie | April 3, 2014
Chile’s mining area hit by 7.8 magnitude aftershock, President evacuated

The aftershock was the strongest of several that have followed Tuesday's massive 8.2-magnitude. Mining operations remain unaffected.

Goldcorp halts operations at Los Filos mine in Mexico

Cecilia Jamasmie | April 2, 2014
Goldcorp halts operations at Los Filos mine in Mexico

Gold giant was unable to negotiate the renewal of an occupancy agreement with a group of landowners.

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