The Argentine supreme court has ordered the national and the San Juan provincial governments to submit the environmental reports that were used to approve Canadian miner Barrick Gold's (NYSE: ABX) bi-national Pascua Lama gold-silver project, a source from the court told BNamericas.
Latin America Mining News
North America will head global energy investments this year, driven by boom in unconventional production, with a $392 billion on upstream capital and operating expenditures in the region, say global consultants from IHS.
Newmont Mining Corp. (NYSE and TSX: NEM) reported a 9% increase in first-quarter profit to $561 million, or $1.13 a share, despite the ongoing troubles with its hindered $4.8 billion copper-gold project in Peru, the Conga mine.
Before coming to Santiago, I had thought of Chile as a place of copper mines. Today I learnt that gold was and is a major mined product of Chile.
Teck Resources' epic $5.6 billion Quebrada Blanca copper-molybdenum mine expansion has taken another step ahead.
The president of Newmont Mining Corp. said Friday that the U.S. company could halt investment in a major gold mining project in Peru's north if modifications sought by the government significantly affect its profitability.
“There is a new level of prices for iron ore globally,” Tito Martins, Vale CFO tells analysts in a conference call Friday.
Corporate Social Responsibility initiatives by mining companies operating in emerging markets in South America, Africa and Asia have become a crucial part of doing business as “above-ground risks are quickly gaining equal footing to traditional geological and engineering considerations for mining projects.”
NSX Silver Inc. is a mineral exploration company actively exploring for silver and associated metals in Mexico.
Mount Kellett Capital Management, a 20% shareholder in Baja Mining (TSX:BAJ), has escalated the war of words between the two companies by demanding the resignation of Baja CEO John Greenslade following a damning announcement of cost overruns at Baja's Boleo project.
BioteQ Environmental Technologies, Inc. (TSX:BQE), a leader in the treatment of industrial wastewater, announces that the Company has agreed to settle its legal action against NWM Mining (NWM) for unpaid lease payments relating to a treatment plant built at NWM's Mexican mine site.
Brazil-focused Belo Sun Mining (TSX:BSX) was up 6% today after the Toronto-based company released an updated resource estimate on its Volta Grande gold project.
Vale, the second largest mining company, fell to the lowest in over six weeks today, after reporting its third consecutive drop in quarterly profit driven by declining iron-ore prices and output.
Ecuador needs at least 300 mining engineers and geologists in the near future to be able to deliver on its recent mining contracts, but only about 40 such professionals graduate annually from six universities that offer those programs, according to the agency that regulates Ecuador’s mining industry.
Diversified miner Anglo American Plc. (LON:AAL) announced today the 14th Civil Court of Santiago has rejected state copper giant Codelco's latest petition to freeze 49% of the dividends paid by the Sur Division of the London-based miner.
Patagonia Gold (LON:PGD) (TSX:PAT), an Argentina-focused gold and silver producer, said today it achieved rapid progress in 2011 and is on track towards its goal of producing 200,000 ounces of gold per year by 2015.
Canadian junior mineral exploration and development company Westridge Resources (TSX-V:WST) is living up to its ‘Midas’ touch’ reputation among market watchers, after the company announced today it has extended high grades in the El Padre Vein, at its Charay Project in Mexico.
The Argentinian government's rush to expropriate control of oil company YPF "contribute to Argentina's deteriorating economic and political links with the international community," Standard & Poor warns.
A senior trader in the red metal says “the miners are all lying” about the chances of their projects actually coming on stream.
CST Mining is selling its 70% stake in the Mina Justa copper project in Peru for US$505 million.
MBAC Fertilizer Corp. ("MBAC" or the "Company") (TSX:MBC) (OTCQX:MBCFF) is very pleased to announce the results of the Prefeasibility Study ("PFS") for the Company's 100% owned Santana Phosphate Project ("Santana" or the "Project") located in the southeast of Para State, Brazil.
Nothing the company has done so far to assuage investors about its Aurora gold project has been successful and after dropping 5.5% on Monday it is now down over 60% since the start of the year.
Argentina Outlook Revised To Negative On Greater Uncertainty On Medium-Term Prospects, ‘B’ Unsolicited Ratings Affirmed
Standard & Poor's Ratings Services revised its outlook on the Republic of Argentina to negative from stable. In addition, we affirmed our 'B' unsolicited long- and short-term ratings and our 'raAA' national scale rating on Argentina. At the same time, we affirmed our 'B' transfer and convertibility assessment on Argentina.
Peruvian President Ollanta Humala said on Friday that U.S.-based Newmont Mining should carry out a more ambitious environmental mitigation plan if it hopes to build its $4.8 billion Conga gold mine project.
Anglo American’s CEO, Cynthia Carroll, said yesterday the company faces further disruption to its US$6 billion Minas-Rio iron ore operation in Brazil, although it hopes to resume construction at the site.