Latin America Mining News

Here comes another Venezuela gold fire sale

Crisis-hit Venezuela has $9.5 billion in debt payments due and really only its gold reserves to pay for it. But these bullion deals come at a steep discount.

Mining among unhappiest industries to work in — study

Experts looked at over 500,000 survey responses from over 60,000 employees in 13 different industries worldwide.

UK scientists develop new method to find copper deposits

Technique likely to become an inexpensive way to uncover rich copper deposits.

Chile’s court confirms 2nd highest fine in history for Caserones mine

The copper mine, property of Japan's top smelter JX Nippon Mining & Metals, will have to pay $10.8 million for breaching environmental rules.

Anglo American risks eviction from FTSE 100

FTSE 100 reweighting to take place in March.

Anglo American may fully exit Brazil — report

The company is said to be wanting to offload its Barro Alto nickel mine and the vast Minas-Rio iron ore complex.

THEnergy review of the Energy and Mines Summit in London

More than 200 delegates from the mining, renewable energy and finance sectors attended this event.

Endeavour Silver to slash 2016 output by over 25%

The cut-back should help the miner lower all-in sustaining costs of production and generate free cash flow.

Largo announces closing of the first tranche of recently announced private placement

Largo announces closing of the first tranche of recently announced private placement and signing of binding term sheet for new debt facilities.

International court orders bankrupt MMX to pay $7 million to Outotec

Ruling puts and end to dispute dating back to 2013.

Anglo American shares rally on iron ore output hike, cost-cutting measures

The besieged miner plans to lower costs at its iron ore mines after boosting total annual output for the steelmaking ingredient.

Iron ore price: Seaborne trade is Opec on crack

New warnings about impact of super-concentrated supply of steelmaking raw material.

Antofagasta to lift copper output in 2016 after missing last year's target

The miner expects an output of 710,000-740,000 tonnes for 2016 as it ramps up production at its Antucoya and Centinela Concentrates mines, as well as from its share in Zaldivar mine, which co-owns with Barrick Gold.

Freeport-McMoRan reports 4Q loss on metals, oil slump

Quarterly net loss attributable to common stock was $4.08 billion, or $3.47 per share, compared with a loss of $2.85 billion, or $2.75 per share, last year.

Vale reopens iron port for at least 60 days

The company has now at least 60 days to come up with a plan to address and fix pollution problems tied to its operations Tubarão, one of Vale's most important ports.

Chile losing ground as top copper producer since metal price in the pits

From 2005 to 2015 Chile's copper output rose a mere 8%, while Peru’s grew 37%, China’s 114%, Zambia’s 72% and Congo’s 956%.

Vale port shut down likely to affect iron ore market, prices jump

The suspension of activities at Vale's Port of Tubarão, ordered by a Brazilian federal court on Thursday, is likely to cause strong reaction in the global iron ore market.

Barrick braces for up to $3 billion in writedowns

The asset writedown is primarily related to two Latin American assets — Pascua Lama project, on the border of Chile and Argentina and Pueblo Viejo, in Dominican Republic.

Rick Mills: How to profit from the demands of a growing world population

As the world prepares to house, feed and care for 9.7 billion people, Ahead of the Herd founder Rick Mills is looking for the companies that will profit from the silent tsunami of demand creeping up on resource and healthcare providers.

Samarco top executives take leave two months after Brazil dam burst

CEO Ricardo Vescovi and operations chief Kleber Terra were among those accused of environmental crimes by Brazil’s Federal Police earlier this month.

Canada Revenue Agency goes after Silver Wheaton again

Last year, the CRA slapped the company with a fine and ordered the miner to pay more than $200 million in back taxes, but the firm objected the decision.

Oil, Asian stocks rout deepen miners wounds

Miners suffering fresh sell-off as oil price falls and the IMF lowers growth forecast for China, rattling investors.

Double-digit growth expected for Chile, Colombia, Peru and Mexico — Scotiabank

Despite recent market volatility and exposure to low oil and commodity prices, the countries growth won't be affected, says the bank.

Grupo Mexico seen bucking copper slump as analysts recommend buy

Mexico’s biggest copper producer is leveraging its relatively low debt and strong profit margins to invest more than $4.6 billion expanding some of its mines.

Phased-approach to mine development, a proven business model for risk reduction

The strategy is to explore and build a mine in phases for the least amount of time and upfront investment dollars with subsequent investment based on continued success.