Latin America Mining News

Grupo Mexico profit jumps 35% on higher production

Major copper producer Grupo Mexico reported a 35% jump in first-quarter profit, helped in part by higher mine production numbers.

Colombia to spend nearly $1.3 billion in coal-related ports expansions

Colombia’s leading coal producers are increasing investments dramatically to improve and expand their ports, in what is considered a key move for rising coal production in the country to 120 million tons within by 2014.

Brazilian Gold gives long-suffering investors something to smile about

Brazilian Gold Corporation jumped 13.5% on Wednesday on three times usual trading volumes, after announcing positive metallurgical test work at its São Jorge deposit in northern Brazil.

Southern Silver’s 2012 drill program extends mineralized zone at Mexico’s Cerro Las Minitas project

Canadian Southern Silver Exploration Corp.(TSXV:SSV) announced that drilling at its Mexico’a Cerro Las Minitas project continues to extend mineralized structures at its Blind Zone and El Sol deposits.

Sienna's winning streak halted by new Peru drill results

Even after today's heavy losses it is still showing gains for the year of 86%.

Rio Silver signs community agreement for its Niñobamba project in Peru

Canadian junior Rio Silver Inc. (TSX.V: RYO) announced it has signed a community agreement to begin the initial exploration program at its flagship Niñobamba silver project, located about 330 kilometres southeast of Lima, in the Department of Ayacucho, Peru.

Barrick makes investors day by hiking dividend 33%

Barrick Gold Corp. (TSX:ABX) increased its quarterly dividend by 33%, as the company announced Wednesday a 3% increase in its first-quarter profit.

Yamana's Q1 net earnings up 15% to $170 million

Yamana Gold (TSX:YRI) announced that net earnings increased 15% to $170 million, $0.23 per share in first quarter of 2012.

Newmont looking at other options if Conga costs continue to climb

Newmont Mining could reallocate project funds if an ongoing evaluation of the environmental impact study for its $4.8 billion Conga mine turns economically unfavourable, CEO Richard O'Brien said.

Xstrata copper production down, but Q1 financial performance solid

Anglo-Swiss Xstrata Plc. (LON:XTA) reported today mixed production results for its first quarter, with copper production declining 18%, but said operating and financial performance remains strong.

Alamos Gold Q1 profit jumps 65 pct

Strong gold price and a tax gain helped boost the gold miner's net income to $29.5m from $17.9m a year ago

Southern Copper Q1 net income jumps 30 pct

The copper miner said a 13% jump in sales amid lower operating costs during the period helped offset weaker metals prices

Courts tell Goldcorp to suspend El Morro construction

The Supreme Court of Chile suspended Goldcorp's (GG: NYSE; G: TSX) environmental permit for the El Morro copper-gold project.

Teck cashes in on Chile’s copper

For centuries, pilgrims have thronged to the Chilean mountain town of Andacollo – to worship at the historic church and to mine the dusty hills for copper. Now a new wave of pilgrims is worshipping at the altar of Andacollo – Canadians, in the form of Teck Resources Ltd., which that has spent more than US$ 440 million expanding an open-pit copper project on the edge of town.

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.