Latin America

Here's why the copper price is rallying

Frik Els | February 26, 2015
Here's why copper price is rallying

Beijing preps New Year's gift and new report points to another 20% rise from here.

Vale’s shares dive as miner posts quarterly loss triggered by iron ore weakness

Cecilia Jamasmie | February 26, 2015
Vale’s shares dive as miner posts quarterly loss triggered by iron ore weakness

The world’s No. 1 iron ore producer by volume posted a second consecutive quarterly loss.

Reopening of controversial Spanish copper mine sparks heated debate

Cecilia Jamasmie | February 26, 2015
Reopening of controversial Spanish copper mine sparks heated debate

The contract has been awarded to a consortium headed by Grupo Mexico, the same company responsible of a major toxic spill in Sonora last year.

Is Goldcorp throwing in the towel in Argentina?

Kitco | February 26, 2015

Goldcorp CEO Chuck Jeannes talks about the company’s Cerro Negro mine in Argentina, which was hit hard by over $2 billion in impairment charges.

UPDATED: The world's top 10 gold producers

Vladimir Basov | February 26, 2015
UPDATED: The world's top 10 gold producers

Number one Barrick Gold's output drops in 2014, but fellow Canadian firm Agnico Eagle adds 30% to production ounces.

Will a dry spell in Chile curb a global oversupply of copper?

Cecilia Jamasmie | February 25, 2015
Chile’s dry spell to weigh on global copper oversupply

A raging seven-year drought affecting copper-rich Chile is making miners grow anxious, with BHP and Anglo American already reporting an impact in their operations.

Union claims Canada did nothing to stop mining abuses in Mexico

MINING.com News | February 25, 2015
union-claims-canada-did-nothing-to-stop-mining-abuses-in-mexico

Allegations are based on internal documents obtained from the Canadian Department of Foreign Affairs, Trade and Development (DFATD).

Visual Capitalist

INFOGRAPHIC: Silver series – who controls the world's supply (part 2 of 4)

Visual Capitalist | February 25, 2015
silver_coins shutterstock

Within the Earth’s crust, there is 1 gram of silver for every 12.5 tonnes of earth (27,600 lbs). This makes silver very difficult to find. To understand silver supply, we must first discover how economic silver deposits form.

This BHP slide will bring tears to iron ore price bulls eyes

Frik Els | February 24, 2015
This BHP slide will bring tears to iron ore price bulls eyes

Weak iron ore prices have become the accepted industry norm, but the world's top miner also has bad news for those hoping for a pick-up in the long term.

Cecilia Jamasmie

BHP pins hopes on spin-off South32

Cecilia Jamasmie | February 24, 2015
BHP pins hopes on spin-off South32

In the second half of 2014 the businesses bound for South32 generated $5bn worth of revenue and almost $890m of earnings before interest and tax.

Canada’s Saskatchewan second only to Finland as world’s top mining destination

Cecilia Jamasmie | February 24, 2015
Canada’s Saskatchewan second only to Finland as world’s top mining destination

The potash and oil-rich province was placed at the top of the Fraser Institute's annual rank of mining companies.

Sliding output could drop Barrick to no 4 gold miner

Frik Els | February 23, 2015
Sliding output could drop Barrick to no 4 gold miner

Barrick's production dropped by over 1m ounces last year and a new report predicts further steep declines by 2020.

Chile’s Codelco likely to buy Anglo’s unwanted copper assets — report

Cecilia Jamasmie | February 22, 2015
Chile’s Codelco likely to buy Anglo’s unwanted copper assets — report

Anglo’s assets up for grabs include three mines and a smelter valued at $1 billion.

Newmont cheers gold mining investors

Frik Els | February 20, 2015
Newmont cheers gold mining investors

What? No writedowns and $1.5 billion operating cashflow?

Vale smashes iron ore production record

Andrew Topf | February 19, 2015
The bottom is falling out of iron ore price

Brazil’s Vale (NYSE:VALE), the world’s largest producer of iron ore, continued to flood the market with product in 2014 despite sharply lower prices.

Goldcorp stock is being ripped apart

Frik Els | February 19, 2015
Goldcorp stock is being ripped apart

$2.3 billion charge against Cerro Negro mine in Argentina one writedown too many for battered investors.

Caterpillar mining sales down 27% worldwide in January

Michael Allan McCrae | February 19, 2015
shutterstock mining truck 333

Latin American down the most.

PICS: Cops confiscate Eike Batista's beloved cars, Faberge egg

Frik Els | February 18, 2015
PICS: Cops confiscate Eike Batista's beloved cars, Faberge egg

Brazilian tycoon Eike Batista's riches to rags ride is a white-knuckle one.

Timmins Gold acquires Newstrike Capital

Andrew Topf | February 17, 2015
mexico map flag mining

Investors in Mexico-focused Newstrike Capital (TSXV:NES) enjoyed a small bump today with the announcement of a takeover by Vancouver-focused Timmins Gold (TSX:TMM).

Iron ore price surges

Frik Els | February 16, 2015
Iron ore price surges

Biggest jump of the year lifts iron ore price more than 6% off 2015 low.

Final permits loom at one of the world’s richest gold projects

EnergyandGold.com | February 16, 2015
Miners in underground mine

Continental Gold’s Buriticá gold and silver project in Colombia is one of the richest gold deposits in the world, consistently ranked among the top gold development stories in the world by analysts.

Large platinum group metals claim reported in Peru

PR Newswire | February 16, 2015
Large platinum broup metals claim reported in Peru - Gabby_RioSol_geologist and geochemist

Today the company announces the next strategic claim it is bringing to market – an approximately 39 square kilometer claim located 70-75 kilometers from Cusco and potentially the first gabbroic PGM claim in Peru or South America that includes platinum and palladium.

Yamana green-lights Cerro Moro

Andrew Topf | February 15, 2015
Yamana Gold to invest $450 million in Argentina's Cerro Moro

Yamana Gold (NYSE:AUY, TSX:YRI) will start construction of its Cerro Moro gold-silver project in the southern Argentine province of Santa Cruz, the Toronto-based gold producer announced last week.

Canada’s gold mines are shooting the lights out

Vladimir Basov | February 13, 2015
Canada’s gold mines are shooting the lights out

Output at Canadian gold mines surged 29% last year, surpassing South Africa for the first time in history. US production dives more than 8%.

Anglo American's big write-down

Michael Allan McCrae | February 13, 2015
minas rio anglo american write down brazil

Minas Rio.

Dundee Precious Metals announces 2014 fourth quarter and annual results and 2015 guidance

Market Wire | February 13, 2015
Mining in 2015: Copper topped

Achieved gold and copper production in the fourth quarter of 49,123 ounces and 14.9 million pounds, respectively, with record production from Chelopech.

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