Mining investment in Chile, the world's largest copper producer, would reach US$ 100 billion between 2012 and 2020, the National Mining Society (Sonami) said on Monday.
Latin America Mining News
Two or three days longer than anticipated could take rescuers to get to the nine Peruvian miners trapped 200 metres below ground since last Thursday, told reporters Oscar Valdes, cabinet chief to Peru's President Ollanta Humala.
The proceeds of the Offering will be used to fund continued exploration at the Company's key projects in Colombia, and for general working capital purposes.
Brazilian miner World Mineral Resources (WMR) has found a large reserve of neodymium, one of the 17 rare earth elements, in the western Bahia state, which could bring US$8.4 billion to the country.
Nine workers trapped inside a wildcat mine in southern Peru received oxygen and liquids through a giant hose on Saturday while a rescue team toiled to get them out, officials said.
Orko Silver crashed 34% Thursday on news that Pan American Silver is walking away from Orko's La Preciosa project in Mexico.
The price of gold averaged $1,571 an ounce in 2011 meaning the South East Asian country missed out on $1,7 billion in potential revenue.
Rio Novo pegs annual production between 60,000 to 75,000 ounces gold for Brazilian project that would cost about $94 million to get up and running.
Negotiations between protesting miners and regional authorities resulted in an agreement to create a high-level commission to investigate the continued closure of the La Oroya mining complex in Peru.
Chile state copper company Codelco shuffled management at several of its divisions, the company said Wednesday.
Over $3 billion and near 15,000 job positions. That is the cost to Honduras, the third poorest country in the Western Hemisphere, as a result of a lack of rules for mining companies operating or wishing to explore in the country.
Vancouver-headquartered Ritchie Bros. Auctioneers (NYSE and TSX: RBA) set multiple records at its first Mexico national auction held in Polotitlan, State of Mexico, on March 28 and 29.
Peru's Minister of Energy and Mines Jorge Merino Tafur said the government is working hard on creating social programs for the communities and towns of La Oroya, which has been severely affected by the closure of Doe Run’s metallurgical complex three years ago.
"We thank shareholders for their support during this unnecessary proxy contest, which has been challenging, costly and disruptive for Baja," said John Greenslade, President and CEO of Baja. "We also caution that strong shareholder support may again be needed at the upcoming Annual General Meeting."
President Ollanta Humala’s administration wants the the South American nation's highest court to throw out an ordinance by the region of Cajamarca banning work on the $4.8 billion copper-gold project.
Canadian base-metals miner Hudbay Minerals (TSX:HBM)(NYSE:HBM), rose the capital cost estimated of its giant Constancia copper project in Peru by about 50% to $1.5 billion, mentioning both scope changes and inflation as reasons.
The creation of the world’s first national protocol on sustainable and socially responsible mining was discussed at a meeting held in Argentina last week, called by the government of president Cristina Fernandez.
Impressed by Colombia as a country and as a setting for exciting mining and geological opportunities, Paul Harris relocated from England, by way of Chile, and hasn't looked back. In an exclusive interview with The Gold Report, the publisher of the Colombia Gold Letter offers hope for the near future.
Ecometals Limited announced after the market close on Friday that is has been forced to give Ecuador Capital Corporation more time to come up with a final payment of $1,750,000 for its Condor Gold Project in Ecuador.
White Tiger Gold (TSX:WTG) is worth only one-tenth of what it was last year and news out late on Friday will do little to restore investor confidence in the Canada-Russia gold miner.
Galaxy has spent the last 18 months searching the world for a high quality, undeveloped lithium brine deposit and we believe Lithium One's Sal de Vida lithium-potash project in Argentina fits that criterion. The Sal de Vida brine chemistry is highly favourable, with high levels of lithium and potash and low levels of magnesium and sulphate impurities.
Uranium Energy Corp ("UEC" or the "Company") (nyse-amex:UEC) and CUE Resources Ltd. ("CUE")CA:CUE 0.00% are pleased to announce that UEC's acquisition of CUE by way of a plan of arrangement (the "Transaction") has closed, effective at 12:01 am on March 30, 2012.
ABB, a power and automation technology group was recently contracted to supply gearless mill drives (GMDs) for six ball mills and twin-drive systems for eight high pressure grinding rolls (HPGRs) at Cerro Verde copper mine in Peru.
Baja Mining (TSX:BAJ) shed 5% on Wednesday on higher than usual trading volumes, after releasing an update on its Boleo copper-cobalt-zinc project in Mexico.
At the end of February 2012, construction was 37.2 percent complete with 2,362 people working on the project. We have completed more than 5.8 million cubic meters of earthworks and poured 39,839 cubic metres of concrete. We have commenced erection of structural steel. Marine terminal construction is also on track, with 67 of 180 piles driven to final acceptance.