Latin America Mining News

Big pit, big bonus: Codelco gives every Chuquicamata worker $35,475

The $6,334 interest free loan and 3.7% wage hike will also come in handy.

Chileans divided over value of Barrick’s water fund

When it comes to its $8.5 billion Pascua Lama project, 2012 was not a great year for Canada’s Barrick Gold.

First Quantum seeks to create world’s biggest copper producer with hostile Inmet bid

Inmet shareholders approached directly with sweetened deal

Petaquilla Minerals Ltd. announces preliminary second quarter results of fiscal 2013

The company highlights: Gold ounces produced increased by 12% compared to previous quarter; gold revenue: $27.6 million - increased by 8% compared to previous quarter

Tajiri Reports assay results from Kaburi PL gold property: Hard rock values of up to 15.3 g/t gold

Of the 158 panel samples collected results ranged from trace to 15.3 g/t Au with an average of 0.51 g/t Au.

How to find success with Latin American miners

Miners in Latin America are facing both growth and challenges. Heiko Ihle, senior research analyst with Euro Pacific Capital, examines the factors behind these trends.

New legal action against Barrick over Pascua Lama

A Chilean lawyer has filed legal action to force the world’s largest gold producer Barrick Gold executives to appear in a Canadian court to respond to accusations that the company falsified information included in the Pascua Lama protocol between Argentina and Chile in 2004.

Mundoro receives approval for two additional exploration licenses and provides update on Serbia exploration program

Mundoro Capital reports approval for two additional exploration licenses and provides update on Serbia exploration program.

U3O8 Corp. announces $1.5 million private placement

The non-brokered private placement is of up to 6,819,000 units at a price of $0.22 per unit for total gross proceeds of up to approximately $1.5 million.

Pershimco completes 30,000 meters of drilling on Cerro Quema with positive results

At the La Pava deposit, drill hole PRH-12221 returned from surface a long oxide gold intercept of 61m @ 0.86 g/t Au with silver credits at 5.03 g/t. At the Quema/Quemita deposit, drill hole PRH-12238 returned 62m @ 0.63 g/t Au with silver credits of 5.57g/t.

Vale to pay Brazil $674 million in mining taxes

Mining giant Vale (NYSE:VALE) has started paying the Brazilian government $674 million ($1.4 billion real) in a dispute over mining royalties.

Colombian armed rebels tighten control over gold mining

Mining, not drugs, main income source for the revolutionary groups in Colombia.

Reunion Gold announces completion of its 2012 exploration program at Matthews Ridge

The Matthews Ridge manganese project is in Guyana, South America.

Cerro Resources and Primero Mining $119 million merger progressing Cerro Del Gallo and forming new explorer

The merger is aimed at progressing the planned Cerro del Gallo gold/silver heap leach mine in Mexico.

Almaden discovers new area of mineralisation at Tuligtic, Mexico 2.4 km to southwest from Ixtaca zone, hits 7.00 m of 0.7 g/t gold

One of the holes intersected significant mineralisation including 2.00 meters of 1.76 g/t gold.

$27 billion injected into Amazonia mining by 2016

Vale's Carajas iron ore mine is the biggest but some 60 gold explorers are also active in the Brazilian region.

Rio Cristal clarifies disclosure related to mineral resource estimate

On March 2, 2012, the Company filed on SEDAR an independent technical report in respect of the mineral resource estimate on the company's Bongará project. The BCSC has advised the company that it considers the report to be materially deficient.

Eagle Star expands Bomfim claims along phosphate belt based on positive drill and pit sampling results

Eage Star has acquired exploration rights to an additional 59,654 hectares in close proximity to its Bomfim Agro mineral project, located 10km from the MbAC's Itafós mine.

Solvista Gold continues to expand its gold-copper discovery at Caramanta results include 160.2 meters at 1.79 g/t gold equivalent with 67.4 meters at 2.75 g/t gold equivalent

Results include 160.2 meters at 1.79 g/t gold equivalent with 67.4 meters at 2.75 g/t gold equivalent.

Resource nationalism is miners' number one fear and major threat to global security — report

Resource nationalism is one of the main causes of the current commodity prices instability and it is threatening global security, warns London-based Chatham House in its latest report.

Gold bug spreads through Latin America

Mexico, Brazil, Colombia, Argentina and Paraguay have recently been adding to their bullion holdings. And this might be only the beginning.

Fresh hopes for Aussie miners: country to attract over 18 times the investment of South Africa

Australia’s mining industry will become the world’s number one again over the next two decades, attracting as much as 18 times the investment planned for South Africa, according to the latest report from Deloitte.

Indico Resources Ltd.: initial drill results from phase 2 drilling campaign Ocana porphyry Cu-Mo-Au project

Significant gold grades accompany the copper, for example, OCA004 which intersected 264 metres of 0.36% copper and 0.15 g/t gold, including 39 metres of 0.69% copper and 0.20 g/t gold.

Ferrum Americas Mining intersects 94.4 m grading 52.1% Fe at Cerro Rojo iron ore project

The Company's Cerro Rojo iron ore project in Bolivia has returned the highest grading results to date.

Eagle Star Minerals receives more excellent pit results and expands lateral continuity of the high-grade zone at the Bomfim Hill, which remains open in all directions

The company announces excellent results from Pits 3 and 4 returning 15.42% P2O5 over 5 meters and 23% P2O5 over 1.5m average grade respectively.