Latin America

Rio Tinto, Glencore could save $500m by joining coal businesses

Cecilia Jamasmie | September 30, 2014
Rio Tinto, Glencore could save $500m by joining coal businesses

It would also create a a 15-kilometre long ‘‘super pit’’ from the union of Rio’s Mount Thorley Warkworth and Glencore’s Bulga open-pit mines.

Vale and Sumitomo have decided to close their Isaac Plains coalmine in Queenslands Bowen Basin

Sydney Morning Herald | September 29, 2014

The Australian coal sector continues to contract sharply, with hundreds of workers at another Queensland mine set to be told of imminent job losses on Tuesday morning.

Miners ordered to hand back land to natives in Colombia

Cecilia Jamasmie | September 26, 2014
Miners ordered to hand back land to natives in Colombia

The ruling, which affects 11 gold mining companies, is the first of its kind in the South American nation.

INFOGRAPHIC: Vale's gigantic ore carriers

Frik Els | September 26, 2014
INFOGRAPHIC: Vale's gigantic ore carriers

The world's largest dry bulk cargo ships capable of carrying 400,000 tonnes, more than twice the size of competitors' fleets.

Vale orders 10 more mega-carriers

Frik Els | September 26, 2014
Vale orders 10 more mega-carriers

Brazilian giant's Valemax vessels capable of carrying double the ore of competitors' fleets changes the China export game.

World Gold Council bullish on demand, ETFs role

Cecilia Jamasmie | September 26, 2014
World Gold Council bullish on demand, ETFs role in the market

Industry body sees demand rising as economic growth lifts consumers’ incomes.

Peru tames a $2 Billion rogue industry

Resource News Report | September 26, 2014

Peru’s Central Government has sent thousands of troops into the jungles of Madre de Dios to confiscate and destroy illegal mining equipment. With unregulated, untaxed gold mining operations estimated at $2 billion a year in Peru, the stakes are high.

Chile sees $105bn mining investment in next decade

Cecilia Jamasmie | September 25, 2014
Chile sees $105bn mining investment in next decade

The massive figure includes a recently announced $23.5 billion for state-owned copper miner Codelco to revamp century-old mines that are running out of profitable ore.

CHART: BHP before and after spin-off

Frik Els | September 25, 2014
CHART: BHP before and after spin-off

Bubble chart shows heavy reliance on iron ore and oil for revenues and profits post demerger.

Iron ore trade to grow 35% over five years

Frik Els | September 24, 2014
Iron ore trade to grow 35% over five years

Top iron ore miner Vale expected claw back market share from Australian competitors thanks to its Serra Sul mine and use of Valemax mega-carriers.

Anglo American says wins license for slurry pipe at Brazil mine

Reuters | September 24, 2014

Miner Anglo American said on Wednesday it won environmental regulatory approval to operate the slurry pipe at its Brazilian iron-ore project Minas Rio, a crucial step in meeting a deadline to enter production by the end of the year.

Valemax ban 'effectively' lifted

Frik Els | September 24, 2014
Valemax ban 'effectively' lifted

Mega-carriers docking in China will see Brazilian giant Vale double export volumes to China over the next five years.

China’s iron ore imports to fall in September — report

Cecilia Jamasmie | September 24, 2014
China’s iron ore imports to fall in September — report

Shanghai Metals Market warns slim profits and continuous declines in steel prices have dampened Chinese mills’ appetite for iron ore.

New toxic spill reported at Mexican copper mine

Cecilia Jamasmie | September 22, 2014
New toxic spill reported at Mexican copper mine

So far Grupo Mexico has been charged with more than $3 million in fines, and could face more.

Thousands of workers begin strike at world’s biggest copper mine

Cecilia Jamasmie | September 22, 2014
Thousands of workers begin strike at world’s biggest copper mine

Close to 2,800 miners at Chile's Escondida mine, jointly owned by BHP Billiton and Rio Tinto, did not show up for work Monday morning, iddling a 1.2 million tonnes a year operation.

What will Ivan buy next? Take 2

Frik Els | September 18, 2014
What will Ivan buy next? Take 2

"All that's required is to hand the world’s best mining assets to the world’s best management."

Illegal mining in Latin America

The Economist | September 18, 2014
Illegal mining is Latin America’s new cocaine

Bonanza, a tropical town in north-eastern Nicaragua, has attracted gold miners since 1880. Still true to its name, it yields over a thousand kilos of the metal every year. But it is a dangerous place.

Mariana Resources secures up to US$6 million investment to fund growth of South American exploration portfolio over the next 12 months

Mariana Resources Ltd. | September 17, 2014

Mariana Resources Ltd is an AIM quoted exploration and development company with an extensive portfolio of gold, silver and copper projects in South America.

Iron ore rally turning into dead cat bounce

Frik Els | September 16, 2014
Iron ore rally turning into dead cat bounce

After 4% surge on Monday, benchmark prices resume slide.

Escondida surprise lights fire under copper price

Frik Els | September 16, 2014
Escondida surprise lights fire under copper price

News of labour action at world's largest copper mine sends red metal 2.6% higher.

Frik Els

What will Ivan buy next?

Frik Els | September 15, 2014
What will Ivan buy next?

A GlenTinto is not as far-fetched as it sounds.

Newstrike surges after strong Mexico PEA

Frik Els | September 15, 2014
Newstrike surges after strong Mexico PEA

Capex of $164m for 116,000oz gold, 239,000oz silver over a 8.2 year life for Ana Paul mine in Guerrero gold belt, Mexico.

Anglogold drops spin-off, rights offer plans

Frik Els | September 15, 2014
Anglogold drops spin-off, rights offer plans

Investors unhappy with $2 billion equity raising convinces world number three producer to drop restructuring plans.

Iron ore price in stunning turnaround

Frik Els | September 15, 2014
Iron ore price in stunning turnaround

Up nearly 4% on Monday; rallying after weeks of intense selling.

Frik Els

$8bn mining private equity needs to be spent. And soon

Frik Els | September 14, 2014
$8bn mining private equity needs to be spent. And soon

Countercyclical investors sitting on $8 billion unspent funds have been waiting for clear signs of a market bottom. The wait may well be over.

Capstone Mining discontinues planned offering of $300 million senior notes

CNW Group | September 13, 2014

Due to "general market conditions".

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