Latin America

Beny Steinmetz associate jailed over Guinea’s Simandou case

Cecilia Jamasmie | July 28, 2014
Beny Steinmetz associate jailed over Guinea’s Simandou case

Frederic Cilins, a French businessman who worked as an intermediary for BSGR in Guinea, became the first person to receive a criminal sentence in a corruption investigation.

Mass grave with hundreds of skeletons found in Bolivian mining town

Cecilia Jamasmie | July 27, 2014
Mass grave with hundreds of skeletons found in Bolivian mining town

Hundreds of thousands have died over the years at the city's main silver mine, as a direct result of cave-ins, overwork, hunger and disease.

Codelco delays $6.8 billion mine expansion, reviews impacts on glaciers

Cecilia Jamasmie | July 25, 2014
Codelco delays $6.8 million mine expansion, reviews impacts on glaciers

The company says its future depends on the Andina mine expansion, as dwindling ore grades in its old mines are expected to bring annual output down.

Miners need to overhaul business model to boost productivity: study

Cecilia Jamasmie | July 25, 2014
Miners need to overhaul business model to boost productivity: study

Cost reduction measures in the mining industry could well have undermined the sector's productivity, which remains down, according to a new EY report.

Dr. Elizabeth Adey - Wardell Armstrong

Human rights and the mining industry: managing the problems before they arise

As people become ever more aware of what’s going on the world — including the impact of commercial activity on human rights — the expectations of society are inevitably rising.

Chile’s Escondida mine boosts BHP copper output

Cecilia Jamasmie | July 24, 2014
Chile’s Escondida mine boosts BHP copper output

Improvements at the mine mill throughput and concentrator utilization offset declining ore grades at the world's largest copper mine.

Caterpillar profit beats estimates but sales fall

Cecilia Jamasmie | July 24, 2014
Caterpillar profit beats estimates but sales fall

Construction, not mining lifts the machinery giant's second-quarter results.

China's MMG board grants undivided approval for $5.85bn Las Bambas buy

Cecilia Jamasmie | July 21, 2014
China's MMG board grants undivided approval for $5.85bn Las Bambas buy

Las Bambas will be one of the world’s largest copper mines after it starts up in 2015, with annual output equivalent to more than twice the amount of copper MMG currently produces.

Kaizen not done with acquisitions

CEO.CA | July 18, 2014
1

Kaizen will find projects and ITOCHU will fund them.

Vale sees iron ore prices coming back to historical levels

Cecilia Jamasmie | July 17, 2014
Vale sees iron ore prices coming back to historical levels

CEO Murilo Ferreira thinks the ore may get close to 2011’s peak of $168 a ton.

Panama Diamond Exchange to host high-level seminar on anti-money laundering and Kimberley Process

Panama Diamond Exchange | July 17, 2014
Panama Diamond Exchange to host high-level seminar on anti-money laundering and Kimberley Process

One-day seminar, which will be conducted in English, to take place July 22.

Barrick Gold ousts CEO Sokalsky in major shakeup

Cecilia Jamasmie | July 16, 2014
Barrick Gold ousts CEO Sokalsky in major shakeup

The Toronto-based firm has shown president and CEO Jamie Sokalsky the door two years into the job, and less than three months after a breakdown in merger talks with its largest rival.

Grupo Mexico considers mining for rare earths

Cecilia Jamasmie | July 15, 2014
Grupo Mexico considers mining for rare earths

The news come only weeks after the government announced it would begin funding explorations projects to locate deposits of the coveted elements.

First Majestic hits silver output record, to spin-out non-core assets

Cecilia Jamasmie | July 14, 2014
First Majestic hits silver output record, to spin-out non-core assets

Production at its five operating silver mines in Mexico hit a record of almost 3.86 million equivalent ounces of silver for the second quarter ending June 30.

Cecilia Jamasmie

BHP sell-off could undo Billiton historic deal

Cecilia Jamasmie | July 13, 2014
BHP sell-off could undo Billiton historic deal

As BHP considers the sale of almost all of the businesses that Billiton brought to the 2001 merger deal, experts say the firm is likely to end up leaving London.

Barrick Gold gets partner to mine for copper in Saudi Arabia

Cecilia Jamasmie | July 13, 2014
Barrick Gold gets partner to mine for copper in Saudi Arabia

The miner has agreed to form a joint venture with Saudi Arabian Mining Co (Ma'aden) to run its Jabal Sayid asset.

Lundin Mining acquires Freeport-McMoRan copper mine in Chile — report

Cecilia Jamasmie | July 11, 2014
Lundin Mining acquires Freeport-McMoRan copper mine in Chile — report

The transaction would be worth over $2 billion.

Peru set to become world’s second largest copper producer in 2016

Cecilia Jamasmie | July 11, 2014
Peru set to become world’s second largest copper producer in 2016

Currently China is the second largest producer of the red metal, with an annual output of about 1.6 million tonnes per year.

First Quantum resumes construction at Cobre Panama, hunts for new deals

Cecilia Jamasmie | July 10, 2014
First Quantum resumes construction at Cobre Panama, hunts for new deals

The miner is now looking for new projects that will allow it to return more than 30% average value to shareholders, president Clive Newall said.

Job cuts coming to Antofagasta’s freshly combined copper operations

Cecilia Jamasmie | July 8, 2014
Job cuts coming to Antofagasta’s freshly combined copper operations

The copper miner controlled by Chile’s billionaire Luksic family, will cut jobs and costs through its new company Minera Centinela.

Chile’s Codelco to produce over 300 tons of silver this year

Cecilia Jamasmie | July 8, 2014
Chile’s Codelco to produce over 300 tons of silver this year

The company, already the world’s largest copper miner, wants to become one of the top silver producers too.

Chile's Supreme Court begins hearings on Barrick Gold’s appeal to $16m fine

Cecilia Jamasmie | July 8, 2014
Chile's Supreme Court begins hearings on Barrick Gold’s appeal to $16m fine

The appeal follows a confusing ruling in March this year that revoked the penalty, the largest ever imposed in the country, only to force the country's environmental watchdog to rewrite it.

Drilling down to the economic realities of geothermal power

Business in Vancouver | July 7, 2014
drilling down to the economic realities of geothermal power feat

Reality triumphed over my idealism: Beaty.

Freeport-McMoran mulls selling one of largest copper mines in Chile

Cecilia Jamasmie | July 3, 2014
Freeport-McMoran mulls sale of one of largest copper mines in Chile

Sale of Candelaria mine could raise several billion dollars, according to people familiar with the matter quoted by WSJ.com.

Could gang violence end Mexico's shale dream?

Oilprice.com | July 1, 2014
shale oil mexico gan g violence

Thinking twice about moving south of the border.

Codelco keeps $200 million in profits to revamp mines

Michael Allan McCrae | July 1, 2014
codelco 200 million revamp mines feat

Pressure to put more dollars into popular social programs.

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