Latin America Mining News

Unigold consents to acquisition of Americana by Malbex

In exchange for Unigold consenting to the acquisition, Malbex has agreed to issue to Unigold 13,000,000 common shares in the capital of Malbex.

Rio Cristal files revised technical report on its Bongara Project

Rio Cristal Resources is a Canadian corporation focused on development of the 18,000 hectare Bongará zinc property in northern Peru.

Hochschild says Argentina is key for its silver and gold plans

Despite the economic and political issues affecting Argentina’s stability, the miner said it "has faith" in the country's potential.

Vale halts $6 billion potash project in Argentina

The world’s third-largest miner is set to post the lowest annual profit in three years.

Well that was quick: 6 months after seizure Colquiri's output is DOWN 21%, workforce UP 30%

Monthly production falls to almost 100 tonnes below Glencore rate before expropriation.

Mexico’s Fresnillo silver production and grades dropped in 2012

The world's largest primary silver producer reported a slight fall in production for 2012.

BHP axes coal costs, fuels aluminum writedown speculation

In its half-year production update, BHP highlighted challenges faced by its aluminum and nickel businesses.

Brazil's Eike Batista to delist coal firm CCX

The world of mining's richest entrepreneur is trying to recover investors’ trust and bump up his shrinking business empire.

MAG Silver reports phase 2 drill results from La Esperanza Silver project in Durango and Zacatecas states, Mexico

The company reported drill results from the recently completed drill program at Canasil's La Esperanza silver-lead-zinc project in Durango and Zacatecas States, Mexico.

Inmet tells shareholders to reject First Quantum's hostile takeover bid

Fails to adequately compensate shareholders

Latin America the best positioned to face commodity price collapses: S&P

Latin America will benefit from having “more firepower” than other regions, as strong international reserves are already helping those countries face commodity price collapses, said Lisa Schineller, Standard & Poor's economist.

Rio Tinto fighting to keep Australia in top iron ore producer spot

Even with significant ore bodies coming on stream from 2015 onwards in Brazil (Anglo’s Minas Rio and Vale’s Serra Sul), Australia will be able to keep its crown in this commodity kingdom thanks to Rio, say analysts.

Red Eagle mining announces initial Santa Rosa NI 43-101 resource

The company announce that an initial NI 43-101 resource estimate for its 100% controlled Santa Rosa gold project has established an indicated mineral resource of 7.34 million tonnes at 1.37 grams gold per tonne containing 322,000 ounces gold.

Report: Anglo American set for $5bn Minas Rio writedown

Delays at the Brazilian iron ore project cost Anglo and former CEO Cynthia Carroll dearly.

Codelco's longer term ambitions undiminished: targets 2.5m tonnes a year

Output expected to be up 42% by 2021.

Chinalco's Toromocho copper project in Peru to initiate production in 4Q 2013

The copper, silver and molybdenum mine is estimated to produce 865,600 tons of copper concentrates a year by 2015.

Lessons from the Argentine

By David Galland Here are some of the lessons I have learned since moving to Cafayate in the Salta province in scenic northwest Argentina. It's my hope that my observations will be of use to […]

Buenaventura to invest USD 460 million in 3 new projects in 2013

The projects are aimed at increasing the company's production of silver, zinc, copper and energy.

Raking over the Rio coals

A round up of commentary on the CEO switch.

Canadian miner kidnapped in Colombia

Five gold miners working in a northern province of Colombia were kidnapped Friday afternoon by the leftist National Liberation Army (ELN).

Colombia allows some miners to work in new national park, sparks debate

While miners that already hold licenses will be allowed to keep working in the area, the authority emphasized that those permits will not be renewed once they expire.

McEwen Mining reactivates El Gallo complex in Mexico

The reserves at El Gallo amount to more than 40 million ounces of silver and 600,000 ounces of gold.

Regulus completes 2012 drilling campaign at the Rio Grande project in Salta Province, Argentina

The 2012 programme was successful in: defining and extending higher grade copper-gold mineralization in the steeply dipping tabular Southwest Zone to more than 200 metres along strike and 550 metres in vertical extent

World's greatest explorer: Dave Lowell interview

He’s known as the most successful mining explorationist of the past century, having discovered 17 ore bodies, including the world’s largest copper mine