BBC News reports on new technology used for mining copper in Chile. Biosigma, a joint venture between Codelco and Nippon Metals and Mining, is experimenting with microbes that break down copper at higher recovery rates and reduce operating costs:
Latin America Mining News
Chile’s Codelco to expand to the rest of South America
It’s Ecuador and Colombia next for Chilean copper giant Codelco, as the company proceeds with plans to become more international by exploring mining opportunities in neighbouring countries.
Mexico shaker leaves mines intact
There are few, if any, reports of damage to mines hours after a large earthquake rocked central and southern Mexico on Tuesday.
Peru losing US$560,000 a day due to mining protests in gold-rich region
Peru's Madre de Dios gold-rich region is losing US$560,000 a day as a result of informal miners' protests happening in the area since Monday, said the country’s president of the regional chamber of commerce, Roman Meza.
Mexico leads Latin America’s exploration expenditures
Mexico’s exploration expenditures are the highest in Latin America, reaching a record high of almost US$1 billion in 2011, says the latest report released by the Metals Economics Group’s (MEG), a think tank based in Halifax, Canada.
Latin America leads global mining exploration spending again
Latin America remained the most popular exploration destination, attracting 25% of global explorations spending in 2011, said to the Halifax-based Metals Economics Group's World Exploration Trends report released on Sunday.
Economic Pressures Caused Worst Decline in Exploration Budget of the Last Two Decades
A report released by the Metals Economics Group (MEG) has painted a grim picture for the nonferrous exploration industry. From a record budget high in 2008 of about US $13 billion, the sector has fallen […]
