Latin America Mining News

Canadian Karmin Exploration to invest $5 million in Cushuro gold mine in Peru

Canada's Karmin Exploration plans to invest $5 million in its Cushuro gold project, Peru, said its president David Brace.

Peru gold mine protests grow

Peru's Catholic Church intervened in reconciliation talks between the government of President Ollanta Humala and activists protesting the $5 billion Conga copper and gold mine project.

Canadian Eco Oro to appeal Colombian court order

Gold and silver junior Eco Oro Minerals said it will to appeal a ruling by a Colombian court that ordered the Ministry of Mines and Energy to take action to “leave without effect resolution 3452", which is the company’s main mining title.

China’s Bosai Minerals Group ponders leaving Guyana due to hostility

Chinese producer of bauxite Bosai Minerals Group halted its operations in Guyana on Friday due to violent protests against the miner that left at least three deaths on Wednesday, said the President Donald Ramotar.

India's Jindal employees in Bolivia arrested and equipment seized for alleged ‘breach of contract’

Two employees of India’s Jindal Steel and Power were arrested on Friday and equipment confiscated in Bolivia, after the company abandoned its $2.1 billion El-Mutun iron ore project five days ago.

Two solar power plants to relieve mining sector’s power needs in Chile

As subsidies for renewable energy are falling in the depressed European economies, which represent the world's largest market for solar technology, manufacturers have started looking to new markets and Chile seems to be the most attractive one.

Freeport to start $4 billion Peru’s copper mine expansion in 2013

Freeport-McMoRan Copper & Gold (NYSE: FCX) will start its $4 billion mill expansion at the Cerro Verde copper operation in Peru next year, said CEO Richard Adkerson a conference call to discuss second quarter results published Thursday.

Colombian coal miners’ strike risks Glencore operation

Following a series of recent protests and other problems affecting mining companies with operations in Colombia, coal workers for the local unit of Glencore International went on strike late Thursday, causing the immediate halt of the company's operations in the country.

Gold Resource Corporation reports second quarter production; revises production outlook

COLORADO SPRINGS, CO--(Marketwire - Jul 19, 2012) -  Gold Resource Corporation (NYSE MKT: GORO) reported its preliminary production results for the second quarter ended June 30, 2012 of approximately 14,500 ounces precious metal gold equivalent (AuE...

Rich thick copper-gold VMS underground drill intercepts in Colombia

Canadian exploration junior, Atico Mining, is off to a good start in its underground drill program at El Roble in Colombia, hitting two 40-metre intercepts with high-grade copper and gold.

Argentine glaciers scupper Osisko’s Famatina project

An Argentine court ruled Wednesday in favour of suspending Famatina, a gold exploration project led by Canadian company Osisko (TSX:OSK), until a new ruling outlawing mining near glaciers is applied in the area.

Chile’s Codelco closer to start $12.8 million phase of El Teniente expansion

Chilean state giant Codelco, the world's largest copper producer, submitted Wednesday an environmental permit request to go ahead with its $12.8 million project to maximize the benefit from ore extracted from El Teniente copper mine, the company’s most profitable division. The initiative is part of the $2.2 billion expansion for El Teniente.

Fresnillo gold output record high and miner confident of meeting targets

The world's largest primary silver producer and Mexico's second largest gold producer, Fresnillo PLC reached record gold production levels and says it remains confident that it will meet its gold and silver production targets for 2012.

First Majestic's production in Mexico up 14% in Q2

Vancouver-based First Majestic Silver had a 14% increase in total production at its La Encantada, La Parrilla and San Martin silver mines in Mexico for the second quarter ending June 30 in relation to the same quarter last year.

Rusoro asks World Bank to arbitrate dispute with Venezuela

Russian-Canadian miner Rusoro Mining, is asking an arm of the World Bank to intercede in a legal dispute with Venezuela after the country nationalized its gold industry, and took over the junior’s investments without compensation.

Unions left out of Newmont's negotiations in Peru

Negotiations among Peruvian authorities, Newmont Mining and the local communities with the intent to end the seven-month conflict over the $5 billion Conga project in the northern region of Cajamarca, are leaving out one key piece: the workers.

Peru says deal reached on Anglo American mine

Reuters reported that Peru has brokered a deal between the regional government of Moquegua and Anglo American to allow the global firm to build its USD 3 billion Quellaveco copper mine.

26 arrested in illegal gold mining mission

Brazilian police arrested 26 people suspected of being involved in illegal gold mining in the Amazon.

Chile at a crossroads

Chile's accession to the Organization of Economic Cooperation and Development in 2010 was more than just a confirmation that they'd earned the right to join the world's top ranked economies.

Ecuador to 'make it easier' for mining companies

Mining companies exploring and operating in Ecuador had some good news yesterday as President Rafael Correa said on state-owned radio station, Radio Publica, he might need to make it easier for miners from now on.

Baja Mining only has enough money for Boleo project for two more weeks

The Canadian mining company continues to struggle with cost overruns at its flagship Boleo mine in Mexico, the company has not yet received any funding proposals for the project and only has enough money to run it until August 1.

Anglo’s $3 billion copper mine in Peru is a go

Despite the recent deadly and divisive disputes over mining projects in Peru, London-based mining giant Anglo American got the green light from the regional government of Moquegua for its $3 billion Quellaveco copper mine.

Here we go again: Anglo, Codelco talks extended

London-based Anglo American and Chile's state-owned Codelco have not come to an agreement, said the world’s largest copper producer Thursday, instead they have agreed to extend the talks until mid August.

Nationalism stumps Canadian mining companies in Latin America

From expropriations in Venezuela, Bolivia and Argentina to violent opposition in traditionally mining-friendly jurisdictions such as Peru and Chile, the rising political tensions pose a risk to a decade-long bonanza mining companies have enjoyed.

Chile’s largest open pit copper mine goes underground

Chile’s largest open pit copper mine, Chuquicamata, has officially started its conversion towards underground mining. The project will cost Codelco over $2 billion in the preliminary phase but will substantially increase production and extend the mine's lifespan.