Latin America Mining News

Peru's trapped miners: the sinking of the Titanic and the miners who died

With a blogger’s eye, today I celebrate the miners who perished in the sinking of the Titanic. Their story epitomizes the story of all miners; people who go to the next ore body; the next mine; the next chance to earn an honest living; and who face dangers and death at every turn and move.

Energold strikes record profits after drilling a million metres in 2011

The Vancouver company earned a profit of $26.4 million on $133.5 million in revenues for the year, up 145%, after drilling an astonishing 585,900 meters for minerals and a further 444,400 meters for energy last year.

Never mistake intelligence for a bull market: George Ireland

George Ireland, portfolio manager with Boston-based Geologic Resource Partners, believes in seeing what he invests in and his passport bears witness: 80 countries visited in five years.

HudBay eyes further growth in Peru

Base metals miner HudBay Minerals is looking at expanding its asset base in Peru as it seeks to create a new hub that replicates the successes enjoyed at its mines in the Canadian province of Manitoba, the company's top executive says.

Newmont faces new protests in Peru as key report for $4.8 billion Conga project expected this week

Peru’s long-running Conga mine dispute is about to reach a turning point as international consultants appointed by the government in February finalize their environmental report on Newmont Mining and Buenaventura's US$4.8 billion copper-gold project.

Chile’s Codelco will decide future of its Chuquicamata underground mine this year

Chile’s state-owned copper giant Codelco will make a decision on the construction of an underground mine at its Chuquicamata operation before the end of this year, said CEO and Executive President Diego Hernandez.

Chile’s copper exports dropped 6.5% in first quarter

Chile’s copper exports fell 6.5% to US$10.5 billion in the first three months of 2012 from $11.2 billion in the same period last year, according to figures compiled by the country’s Central Bank.

Castro likes Trudeau; Harper, not so much

Fidel Castro said Prime Minister Stephen Harper suffers from illusions regarding resources and the extensive claims the U.S. has on Canada.

Radius Gold up 19% after B2Gold pays $20 million for properties in Nicaragua

B2Gold Corp. (TSX:BTO) announced today that it paid Can$20 million to Radius Gold for  Trebol and El Pavon Properties in Nicaragua.

Mining investments in Chile to reach $100 billion by 2020

Mining investment in Chile, the world's largest copper producer, would reach US$ 100 billion between 2012 and 2020, the National Mining Society (Sonami) said on Monday.

Peruvian miners trapped since Thursday unlikely to be rescued soon

Two or three days longer than anticipated could take rescuers to get to the nine Peruvian miners trapped 200 metres below ground since last Thursday, told reporters Oscar Valdes, cabinet chief to Peru's President Ollanta Humala.

AuRo announces private placement

The proceeds of the Offering will be used to fund continued exploration at the Company's key projects in Colombia, and for general working capital purposes.

$8.4 billion rare earth deposit discovered in Brazil

Brazilian miner World Mineral Resources (WMR) has found a large reserve of neodymium, one of the 17 rare earth elements, in the western Bahia state, which could bring US$8.4 billion to the country.

Nine trapped in collapsed wildcat mine in Peru

Nine workers trapped inside a wildcat mine in southern Peru received oxygen and liquids through a giant hose on Saturday while a rescue team toiled to get them out, officials said.

Orko Silver plunges 34% on Pan American pullout

Orko Silver crashed 34% Thursday on news that Pan American Silver is walking away from Orko's La Preciosa project in Mexico.

Top 10 gold producers: Indonesia leaves 31 tonnes underground

The price of gold averaged $1,571 an ounce in 2011 meaning the South East Asian country missed out on $1,7 billion in potential revenue.

Rio Novo details 600k ounce gold mine in Brazil

Rio Novo pegs annual production between 60,000 to 75,000 ounces gold for Brazilian project that would cost about $94 million to get up and running.

Doe Run workers clash with police as protestors block Peru's Central Highway

Negotiations between protesting miners and regional authorities resulted in an agreement to create a high-level commission to investigate the continued closure of the La Oroya mining complex in Peru.

Chilean miner Codelco shuffles management

Chile state copper company Codelco shuffled management at several of its divisions, the company said Wednesday.

Lack of mining law costs Honduras US$3 billion

Over $3 billion and near 15,000 job positions. That is the cost to Honduras, the third poorest country in the Western Hemisphere, as a result of a lack of rules for mining companies operating or wishing to explore in the country.

Ritchie Bros. breaks records in Mexico auction

Vancouver-headquartered Ritchie Bros. Auctioneers (NYSE and TSX: RBA) set multiple records at its first Mexico national auction held in Polotitlan, State of Mexico, on March 28 and 29.

Doe Run submits new proposal to Peru’s Government to restart operations at La Oroya

Peru's Minister of Energy and Mines Jorge Merino Tafur said the government is working hard on creating social programs for the communities and towns of La Oroya, which has been severely affected by the closure of Doe Run’s metallurgical complex three years ago.

Baja Mining shareholders vote to keep the current board

"We thank shareholders for their support during this unnecessary proxy contest, which has been challenging, costly and disruptive for Baja," said John Greenslade, President and CEO of Baja. "We also caution that strong shareholder support may again be needed at the upcoming Annual General Meeting."

Newmont could restart $4.8 billion Conga before June

President Ollanta Humala’s administration wants the the South American nation's highest court to throw out an ordinance by the region of Cajamarca banning work on the $4.8 billion copper-gold project.

HudBay says Constancia copper mine will cost $1.5 billion

Canadian base-metals miner Hudbay Minerals (TSX:HBM)(NYSE:HBM), rose the capital cost estimated of its giant Constancia copper project in Peru by about 50% to $1.5 billion, mentioning both scope changes and inflation as reasons.