Latin America

Over 240 mining and energy projects waiting for investors in Cuba

Cecilia Jamasmie | April 21, 2015
Over 240 mining and energy projects waiting for investors in Cuba

Cuba, the world’s sixth largest nickel producers and one of the top 10 nickel mining countries, also holds significant deposits of other minerals and oil, new U.S. Geological Survey report shows.

Denham Capital's Caroline Donally on private equity in mining

Frik Els | April 17, 2015
Denham Capital's Caroline Donally on private equity in mining

Director of $1bn fund discusses Denham's unique approach, the vibrant parts of the M&A market and what juniors should do to attract capital.

Rio Tinto claims it will ‘thrive’ on lower iron ore prices

Cecilia Jamasmie | April 17, 2015
Rio Tinto claims it will ‘thrive’ on lower iron ore prices

The miner defended his decision to boost production, which has led to sinking prices and threatens to put some competitors out of business.

Tahoe Resources to appeal employee detention

Mining Weekly | April 16, 2015

Vancouver-based Tahoe resources this week said Guatemala subsidiary Minera San Rafael (MSR) would appeal the court-ordered confinement of an employee pending the investigation of a 2012 environmental claim.

Codelco to unveil plan to speed up delayed Chuquicamata mine expansion

Cecilia Jamasmie | April 16, 2015
Codelco to unveil plan to speed up delayed Chuquicamata mine expansion

The plan seeks to tackle an almost yearlong delay in the project to turn century-old Chuquicamata open pit mine into an underground operation.

Southern Copper's $1.2bn Toquepala mine expansion OK’d

Cecilia Jamasmie | April 16, 2015
Southern Copper's $1.2bn Toquepala mine expansion OK’d

The expansion will boost the capacity of the Peruvian mine's copper concentrator to 120,000 tonnes per day from 60,000.

Codelco spending $25 billion just to keep output steady

Frik Els | April 15, 2015
Codelco El Teniente mine expansion to take longer, cost $2bn more

$5 billion a year for five years will merely replace exhausted mine capacity says CEO of world's largest copper company.

Iron ore price back below $50 after Chinese property shock

Frik Els | April 15, 2015
china-building-construction-333

GDP slowdown was expected but China's property sector, responsible for half of steel demand, is in a tailspin as Q1 unsold inventory rises 24%.

$8m grant awarded to Artisanal Gold Council to develop the sector in Peru

Artisanal Gold Council | April 15, 2015
Peru’s illegal mining brings in over $3 billion a year: authorities

The grant will help fund a project to be carried out in Peru over the next five years focused on the sustainable development of a responsible artisanal gold sector.

Citi’s 'end of the Iron Age' note triggers waves of downgrades

Cecilia Jamasmie | April 14, 2015
Citi’s 'end of the Iron Age' note triggers stocks bloodbath, downgrades

The International Monetary Fund and Standard and Poor's, in turn, predict prices for the steelmaking material are set to fall even further.

Expect talent-driven mining M&A: Headhunter

CEO.CA | April 13, 2015
hudbay-minerals-reports-q1-loss-

Today Andrew’s talking about the ebbs and flows of his MRG business. He tells me President and CEO searches are not where he’s making his money these days, it’s the operations roles.

Iron ore price surges on Chinese import growth

Frik Els | April 13, 2015
Iron ore price surges on Chinese import growth

Up 3.2% on Monday after commodity trade data surprise.

Move over Codelco: Freeport plans to be the world’s No.1 copper miner

Cecilia Jamasmie | April 13, 2015
Move over Codelco: Freeport plans to be the world’s No.1 copper miner

But China’s slowdown, rising costs and falling prices may get in the way.

Canada’s Alamos Gold, AuRico merging in $1.5 billion deal

Cecilia Jamasmie | April 13, 2015
Canada’s Alamos Gold, AuRico merging in $1.5 billion deal

The deal will also result in a spinoff company called AuRico Metals, which will hold the Kemess Property in northern British Columbia and three royalty assets.

AngloGold a step closer to selling U.S. mine

Cecilia Jamasmie | April 13, 2015
AngloGold a step closer to sell U.S. mine

Newmont, Kinross, Goldcorp and Iamgold among the companies said to be interested in all of part of Cripple Creek & Victor mine.

Agnico Eagle acquires Mexico-focused silver explorer

Andrew Topf | April 12, 2015
exploration geology mining

Shares climb 40 percent on take-over announcement.

Southern Copper’s Tia Maria safe for the environment — Peru minister

Cecilia Jamasmie | April 10, 2015
Southern Copper’s Tia Maria safe for the environment — Peru minister

Minister of the Environment Manuel Pulgar-Vidal said the debated and long-delayed copper mine won’t hurt water supplies as opponents claim.

Mick Davis first deal to land in Canada: report

Cecilia Jamasmie | April 10, 2015
Mick Davis first deal to land in Canada: report

Davis is said to be finalizing talks with a Toronto-listed miner, in a deal that could kick-off a long awaited buying spree.

Annual gold trade reaches $22 TRILLION

Frik Els | April 9, 2015
Annual gold trade reaches $22 TRILLION

New report shows In 2014 volume of gold traded in London, Shanghai, New York and around the globe was 3 times more than all the gold mined in human history.

Nice bump for Lundin on Candelaria reserves update

Frik Els | April 8, 2015
The Lundin’s look to Chile for copper’s next run

Two new deposits extend mine life at Chile mine bought for $1.8bn by 190,000 tonnes contained metal and three years.

Signs of life for mining M&A

Cecilia Jamasmie | April 8, 2015
Wave of mining deals expected this year amid commodity rout — report

Mining transactions almost doubled last year and the trend is likely to stretch over 2015, as lower commodity prices are making some unprofitable.

Batista trial descending into farce

Frik Els | April 7, 2015
Batista trial descending into farce

The Brazilian judge in Eike Batista's landmark trial was first caught driving mining tycoon's seized Porsche and is now charged with embezzling drug money.

Robbers grab gold worth $8m from Mexico mine

Frik Els | April 7, 2015
Robbers grab gold worth $20m from Mexico mine

McEwen Mining's El Gallo mine in Sinaloa hit by armed robbers stealing 7,000 ounces of gold in concentrate.

Iron ore price breaks fall, claims big scalp

Frik Els | April 7, 2015
Iron ore price breaks fall, claims big scalp

Iron ore regained its footing Tuesday, but too late for once high-flying Atlas Iron as 13mtpa producer's shares are suspended and receivership looms.

World’s largest copper producer Chile slashes 2015 output forecast

Cecilia Jamasmie | April 7, 2015
World’s largest copper producer Chile slashes 2015 output forecast

Mostly due to a lower estimate from Anglo American's projects and the Zaldivar mine, which is operated by Barrick.

Barrick hints at Mick Davis deal

Frik Els | April 6, 2015
Barrick hints at Mick Davis deal

Sounds like just about everyone in mining is hoping to get into bed with Mick Davis and his $5.6 billion.

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