Latin America Mining News

Mining investment worth $50 billion in the balance as Peruvian lawmakers quit

Three lawmakers from President Ollanta Humala’s ruling Gana Peru party resigned on Monday over the government’s handling of protests against -Xstrata last week, warning that social and environmental protests are threatening billions of dollars of mining projects.

GoGold makes a deal for $30 million in cash and 741,000 gold equivalent ounces

After making a deal to combine with privately-held Absolute Gold last May, GoGold Resources (CVE:GGD) has now filed a NI 43-101 showing the mineral interests it acquired from Absolute are a resource containing 37.1 million ounces of silver equivalent and 741,000 ounces gold equivalent.

Metso to supply big mining crushers to Codelco in Chile

Metso has signed a contract with Codelco, Chile's State-owned mining company, to supply big cone crushers for a process improvement project in the Chuquicamata division. The contract also includes an automatic control system for crushers delivered by Metso.

500 years on Zacatecas re-emerges as precious metals investment destination

The main source of silver to the Spanish crown during the 1500s, the Mexican state of Zacatecas is again enjoying the attention of foreign investors.

Focus Graphite to earn into Lara's Caninde Project in Brazil

Lara Exploration has signed an agreement with Focus Graphite Inc., whereby the later can earn up to a 60% interest in Lara's wholly-owned Canindé Graphite Project in Ceará State, northeast Brazil.

Gold sector crisis due to lack of a clear policy – Venezuela

BNamericas reported that the deadline for private sector mining companies in Venezuela to negotiate and form JV gold companies with the state passed a little more than a month ago causing a lot of uncertainty for the sector. This is even more the case...

Bolivia to decide Canadian South American Silver mine's future based on indigenous referendum

Bolivia’s President Evo Morales announced he will consult the indigenous communities of the Altiplano before authorizing the eventual exploitation of the silver and indium deposit of Mallku Khota, currently under exploration by Canadian South American Silver (TSX:SAC).

Brazil Potash raises funds for Amazon Basin development

Brazil Potash Corp. announced it has secured $58 million for potash exploration at the Amazon Basin project, where it plans to build a $3.5 billion to $4 billion mine.

Chile’s mining future jeopardized by delay in Patagonia $7 billion dam project

Chile, the top copper producer in the world, will not be able to keep mining for the red metal, gold and other minerals if the country doesn’t find a solution to the pressing energy needs, experts believe.

Canada’s Kinross Gold to focus on Paracatu gold operation

Canada’s third main gold miner Kinross Gold (TSX:K) will focus on its wholly-owned Paracatu mine, in Brazil's Minas Gerais state, after it sold its stake in the Crixas gold mine to South Africa’s AngloGold Ashanti for $220 million

Glenstrata ready to become the largest mining industry merger in recent history

The prospectus giving details of the creation of a $90 billion mining and commodities trading behemoth will finally find its way to the inboxes of shareholders today.

Southern Copper evaluating construction of hydroelectric plant in Peru

Southern Copper Corp. is evaluating the construction of a hydroelectric plant in Peru to mitigate the impacts that the energy crisis in the second world producer of copper may have in its operations, said the company’s president Oscar Gonzalez.

Will glaciers be for mining in Argentina what an iceberg was for the Titanic?

An Argentinean government body that is mapping glaciers in the Central Andes has released initial results of its national glacier inventory, showing that many of the country’s mining projects sit in glacier-rich areas and may, therefore, be a threat to country’s future water supply, among other possible ill effects.

Driller says West Africa is hot and Peru is cold

Energold Drilling (TSX VENTURE:EGD) beat back a commodity overhang in 2012 and announced a 134% increase in revenue, growing from $22.7 million to $53.3 million.

Baja Mining lays off 40% of staff and seeks funding for Boleo

Troubled Vancouver miner, Baja Mining (TSE:BAJ), said that it laid off 40% of its staff to conserve cash and admitted that there is "no assurance" that it will find funding to complete its Boleo project, a $1.143 billion copper-cobalt-zinc project in Mexico.

Anti-mining demonstrators in Peru to start indefinite protest on May 31

Anti-mining protesters in Peru's Cajamarca region are scheduled to start an indefinite protest beggining May 31, local press reported. The main target is US-based Newmont Mining's $4.8 billion Conga mine project.

Chile’s Codelco incoming boss in England to restart talks with Anglo

Chile’s Codelco new CEO, Thomas Keller, has traveled to London this week to hold talks with global miner Anglo American (LON:ALL), hoping to resolve a multi-billion dollar contract dispute between the parties.

Mexico's ICA acquires 51% of Peruvian construction services for the mining industry

Mexican construction company ICA said on Wednesday it would buy a 51% stake in in San Martín Contratistas Generales S.A., Peru's leading company dedicated principally to construction in the mining sector.

Brazil prosecutor requests suspension of Vale's Onça Puma nickel operations

Brazil's federal public ministry in Para state has filed legal action demanding that operations be halted at Onça Puma, a nickel mine in the northern Brazilian state owned and operated by Vale SA (NYSE:VALE).

Xstrata says Peru copper deliveries unaffected by protest

Xstrata Plc (XTA), the world’s fourth- largest copper producer, said its Tintaya mine in Peru is running normally after community protests that led to four deaths and prompted authorities to declare a state of emergency.

GoldQuest Mining announces $5 million bought private placement

GoldQuest Mining Corp. (the "Company") (TSX VENTURE:GQC)(FRANKFURT:M1W)(BERLIN:M1W) is pleased to announce that it has entered into an agreement with Dundee Securities Ltd. (the "Lead Underwriter") on behalf of a syndicate of Underwriters including Stifel Nicolaus Canada Inc., Canaccord Genuity Corp. and Raymond James Ltd. (the "Underwriters") under which the Underwriters have agreed to purchase, on a bought deal private placement basis, 11,112,000 common shares (the "Shares") at a price per Share of $0.45 for total gross proceeds of $5,000,400 (the "Offering").

Canada’s Kinross Gold sells stake in Brazilian mine to AngloGold for $220 million

Canada’s third main gold miner Kinross Gold (TSX:K) is selling its stake in the Crixas gold mine in Brazil, to South Africa’s AngloGold Ashanti for $220-million.

IMAGE GALLERY: Barrick's 3,800 metre high Pascua-Lama project

Barrick Gold posted a cool image gallery of  its Pascua-Lama project.

Tiny El Salvador needs mining but worries about water contamination

The government of El Salvador is warning that the future large-scale development of the Cerro Blanco mine in southern Guatemala will greatly endanger the quality of water found in the Lempa River, which supplies water not only to Guatemala but also to Honduras and El Salvador.

Codelco, the world’s major copper producer, selects AVEVA NET

Chile’s state-run Corporación Nacional del Cobre (CODELCO) has selected AVEVA NET as its information management solution for the execution of important capital projects in the country.