Latin America Mining News

Argentina's Supreme court demands environmental reports used to approve Barrick's Pascua Lama

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.

North America to lead energy investments in 2012: analysts

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’s profit grows 9% despite Peru’s Conga Mine project difficulties

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.

Chile placer gold mining

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 files environmental assessment for Chilean project

Teck Resources' epic $5.6 billion Quebrada Blanca copper-molybdenum mine expansion has taken another step ahead.

Newmont chief says Conga gold mine could be abandoned

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.

Vale makes most bullish iron ore comments yet. $180 a tonne anyone?

“There is a new level of prices for iron ore globally,” Tito Martins, Vale CFO tells analysts in a conference call Friday.

Social responsibility in mining is basic risk management, not feel-good projects

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 provides update on drilling at Dios Padre Silver Project in Mexico

NSX Silver Inc. is a mineral exploration company actively exploring for silver and associated metals in Mexico.

Mount Kellett demands Baja CEO quit

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 and NWM Mining settle lawsuit

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.

Belo Sun cranks Volta Grande resource estimate 28%; M&I now at 2.85 million oz

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's profits down by almost half – Q1 results

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.

Need a mining job? Head to Ecuador

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.

Chilean court denies Codelco bid to freeze Anglo American's dividends

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 on track for gold production target of 200,000 ounces a year by 2015

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 Westridge Resources extends high grades at its flagship Charay project in Mexico

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.

YPF nationalization could exacerbate Argentinian economy weakness

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.

Vast new copper supplies depressing prices? Don't worry, it's never going to happen

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 sells 70% stake in Peru copper mine for $505 million

CST Mining is selling its 70% stake in the Mina Justa copper project in Peru for US$505 million.

MBAC reports positive prefeasibility study results for its Santana Phosphate Project in Brazil

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.

Hiring heavy hitter, takeover speculation fail to boost Guyana Goldfields

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.

Peru's Humala says Newmont mine project needs work

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.

Obstructions to Anglo American Minas-Rio iron ore project keep on coming

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.