Latin America Mining News

Xstrata to create world's biggest zinc mine

Xstrata has approved a $360 million expansion for its McArthur River mine in Australia’s Northern Territory which will make the project the largest producer of zinc in the world.

AngloGold Ashanti's Latin America profit plunges 52%

AngloGold Ashanti's, the world’s third-largest gold producer, reported that profits from its Latin American operations dropped 52% from $92 million to $48 in the second quarter of this year.

Six Mexican miners dead after 100 tonnes of coal collapse

Six coal miner died after 100 tonnes of coal collapsed at a mine in northern Mexico, located in the State of Coahuila.

Kinross dumps CEO

After seeing its share price halved in the past year, the Kinross Gold (TSE:K) board decided to remove Tye Burt and promote Paul Rollinson from Executive Vice-President, Corporate Development to CEO.

Mining in Bolvia is 'different'

Theo Stromer published a pictorial on CNN looking at cooperative mining in Bolivia, as well as the damage caused to the environment and the miners themselves in a region that lacks modern safeguards.

Unions stop Codelco from selling off Gaby

The board of Codelco has authorized its chief executive, Thomas Keller, to go ahead with feasibility studies to turn its subsidiary Gabriela Mistral into a new business division.

Anglo American disappoints: profits down 40% and Minas Rio delayed another year

The global miner joined the ‘disappointing results club’ this morning as the London-listed mining group reported that its first-half operating profit dropped almost 40%.

Vale the newest casualty of China’s slowdown

Brazilian mining giant, Vale SA, became the latest casualty of China's economic slowdown on Wednesday as its second-quarter profit fell almost 60% driven mainly by a weaker demand for iron ore coming from the Asian country.

Antofagasta Minerals ‘scored’ with appointment of ex-Codelco CEO Hernandez: analysts

FTSE 100 miner, copper giant Antofagasta PLC (LON:ANTO) announced Tuesday it had appointed Diego Hernandez, the former head of state miner Codelco, a move qualified by insiders as “a goal” for the London-listed Chilean miner.

Third time's the charm for Peru’s mining issues?

Faced with never ending environmental and social conflicts over mining projects, Peru's President Ollanta Humala decided yesterday to reshuffle his Cabinet… again…for the third time.

Haiti $20 billion untouched mineral wealth to help the country out of poverty

Two and a half years after an earthquake devastated Haiti, killing more than 300,000, the country could use a windfall to help in its rebuilding efforts. Now, thanks to its mineral wealth, Haiti could begin making its way out of being one of Latin America’s poorest countries.

Canadian Karmin Exploration to invest $5 million in Cushuro gold mine in Peru

Canada's Karmin Exploration plans to invest $5 million in its Cushuro gold project, Peru, said its president David Brace.

Peru gold mine protests grow

Peru's Catholic Church intervened in reconciliation talks between the government of President Ollanta Humala and activists protesting the $5 billion Conga copper and gold mine project.

Canadian Eco Oro to appeal Colombian court order

Gold and silver junior Eco Oro Minerals said it will to appeal a ruling by a Colombian court that ordered the Ministry of Mines and Energy to take action to “leave without effect resolution 3452", which is the company’s main mining title.

China’s Bosai Minerals Group ponders leaving Guyana due to hostility

Chinese producer of bauxite Bosai Minerals Group halted its operations in Guyana on Friday due to violent protests against the miner that left at least three deaths on Wednesday, said the President Donald Ramotar.

India's Jindal employees in Bolivia arrested and equipment seized for alleged ‘breach of contract’

Two employees of India’s Jindal Steel and Power were arrested on Friday and equipment confiscated in Bolivia, after the company abandoned its $2.1 billion El-Mutun iron ore project five days ago.

Two solar power plants to relieve mining sector’s power needs in Chile

As subsidies for renewable energy are falling in the depressed European economies, which represent the world's largest market for solar technology, manufacturers have started looking to new markets and Chile seems to be the most attractive one.

Freeport to start $4 billion Peru’s copper mine expansion in 2013

Freeport-McMoRan Copper & Gold (NYSE: FCX) will start its $4 billion mill expansion at the Cerro Verde copper operation in Peru next year, said CEO Richard Adkerson a conference call to discuss second quarter results published Thursday.

Colombian coal miners’ strike risks Glencore operation

Following a series of recent protests and other problems affecting mining companies with operations in Colombia, coal workers for the local unit of Glencore International went on strike late Thursday, causing the immediate halt of the company's operations in the country.

Gold Resource Corporation reports second quarter production; revises production outlook

COLORADO SPRINGS, CO--(Marketwire - Jul 19, 2012) -  Gold Resource Corporation (NYSE MKT: GORO) reported its preliminary production results for the second quarter ended June 30, 2012 of approximately 14,500 ounces precious metal gold equivalent (AuE...

Rich thick copper-gold VMS underground drill intercepts in Colombia

Canadian exploration junior, Atico Mining, is off to a good start in its underground drill program at El Roble in Colombia, hitting two 40-metre intercepts with high-grade copper and gold.

Argentine glaciers scupper Osisko’s Famatina project

An Argentine court ruled Wednesday in favour of suspending Famatina, a gold exploration project led by Canadian company Osisko (TSX:OSK), until a new ruling outlawing mining near glaciers is applied in the area.

Chile’s Codelco closer to start $12.8 million phase of El Teniente expansion

Chilean state giant Codelco, the world's largest copper producer, submitted Wednesday an environmental permit request to go ahead with its $12.8 million project to maximize the benefit from ore extracted from El Teniente copper mine, the company’s most profitable division. The initiative is part of the $2.2 billion expansion for El Teniente.

Fresnillo gold output record high and miner confident of meeting targets

The world's largest primary silver producer and Mexico's second largest gold producer, Fresnillo PLC reached record gold production levels and says it remains confident that it will meet its gold and silver production targets for 2012.

First Majestic's production in Mexico up 14% in Q2

Vancouver-based First Majestic Silver had a 14% increase in total production at its La Encantada, La Parrilla and San Martin silver mines in Mexico for the second quarter ending June 30 in relation to the same quarter last year.