The market for the soil nutrient is dominated by a handful of countries and a few giant companies. And it's made some people fabulously wealthy.
Latin America Mining News
Vale announced that it had received an operating license from IBAMA, the Brazilian environmental and renewable resources council, for its Salobo copper mine in Pará.
Vancouver-based Baja Mining Corp. (TSX: BAJ) announced this morning that it has landed two extensions of a standstill agreement with lenders to its Minera y Metalúrgica del Boleo S.A. de C.V. subsidiary.
Production at Chile's Escondida, the world's largest copper mine, was up 72.4% in the third quarter compared with the same period of 2011, said Wednesday the country’s copper commission, Cochilco.
Colombian President Juan Manuel Santos presented Friday a package of measures, including a proposed bill before congress, aimed to making illegal mining a crime punished by the country’s Penal Code.
Canada's Inmet Mining Corp (TSX:IMN) posted a 19% rise in third-quarter profit, as copper production and prices improved.
Canadian miners Petaquilla Minerals Ltd. (TSX:PTQ) and Inmet Mining Corp. (TSX:IMN) have been on the news in recent weeks as the companies locked horns over land rights near the Cobre Panama copper project, run by Inmet’s subsidiary Minera Panama.
TransCanada Corp. (TSX,NYSE:TRP) will invest about $1 billion in a new natural gas pipeline in Mexico after being granted a permit to contract to build, own and operate the duct by the country's federal power company, the Comision Federal de Electricidad or CFE.
Cost burdens continue to upset Barrick Gold Corp. (NYSE, TSX: ABX), as the globe's top gold miner hiked Thursday its cash cost guidance for 2012 and warned that costs at its massive Pascua-Lama project will be almost three times more than the $3 billion announced in 2009.
BHP will in time set up similar facilities for its Queensland coal mines and at its Escondida copper mine in Chile.
Petaquilla Minerals Ltd. (TSX:PTQ) has rejected as inadequate an unsolicited, the latest takeover bid by Inmet Mining Corp. (TSX:IMN) presented Friday, which was 25% cent higher than the $112-million Inmet originally offered.
Bolivia has passed this month the world's first ruling that grants all nature equal rights to humans. The “Law of Mother Earth,” agreed by politicians and grassroots social groups, redefines the South American nation's mineral deposits as "blessings" and is supposed to lead to radical new conservation and social measures to reduce pollution and control industry.
Anglo American's Q3 met coal output surges 12%, thermal coal dips 15%
Canadian gold miner Petaquilla Minerals Ltd. (TSX:PTQ) confirmed late Thursday it is studying an upgraded and final takeover offer by Inmet Mining Corp. (TSX:IMN), which is now offering about 25% more than $112-million it previously proposed.
United Nations Development Program (UNDP) representative, Valerie Julliand, announced Tuesday the body has agreed to the Dominican Republic’s government's request to review Xstrata Nickel’s environmental impact study for the Loma Miranda project, located in the country’s central region.
Minera IRL (LON:IRL) confirmed Wednesday the approval of the environmental impact assessment and the granting of a development permit for the Don Nicolas gold project in Santa Cruz, Argentina.
Canada's U3O8 had optimized the metallurgical process at its Berlin uranium project, in Colombia, and found that by adding an acetic-acid (vinegar) leach step to the process by which the uranium, phosphate, vanadium, rare earths and other metals would be extracted, resulted in a 50% reduction in acid consumption, among other benefits.
Third quarter production highlights: silver produced oz 151,368; 42% increase over Q3 2011, gold produced oz 7,184; 18% decrease over Q3 2011
Petaquilla Minerals Ltd. (TSX:PTQ) has rejected as inadequate an unsolicited, a $112-million takeover bid for the company by Inmet Mining Corp. (TSX:IMN), which operates a gold mine adjacent to Petaquilla’s Molejon project in Panama.
Argonaut shares drop 6.87%
The Highland Group, a leading global business consulting firm, today announced the formal establishment of its Americas Mining Practice.
Brazilian giant miner Vale (NYSE: VALE) is about to close a $500 million loan agreement with the Inter-American Development Bank (IADB) for its Rio Colorado potash project in Mendoza, Argentina.
Brazil's Vale (NYSE:VALE) announced it has started producing copper concentrate at its Lubambe mine in Zambia.
The Chuquicamata mine in Chile - the world's largest open cut copper mine, will commence underground operations after nearly a century of open-cut production.
Canadian gold miner Osisko (TSX:OSK)(EWX.F) achieved record third-quarter gold production at 103,753 oz. from its Malartic mine, in Quebec – a quarter-on-quarter increase of 12.77%.