Latin America Mining News

Global steel director for Brazil’s Vale quits amid division reshuffle

With the executive's resignation, the global steel director's position will no longer exist.

Cobre Panama a risky endeavour for First Quantum: analyst

Haywood Securities mining analyst, Kerry Smith, says the Vancouver-based miner already has "a lot on its plate."

Poor decisions force Rio Tinto’s CEO departure, leaves the group with $14bn charge

The giant miner will take about $14 billion of writedowns for failed deals in aluminum and coal led by Tom Albanese.

Petaquilla Minerals Ltd. reports 12% increase in production, 14% increase in revenues and 32% increase in EBITDA for second quarter of fiscal 2013

A 14% increase in revenues and 32% increase in EBITDA for second quarter of fiscal 2013

Chile’s Escondida miners to vote on contract offer next week

The company's unionized workers will start to vote on a new contract proposal on Jan. 24,

Peru ready to roll with ‘prior consultation’ mining law

Peru's indigenous communities will now have their say in each and every mining project potentially affecting them.

Vale's Roger Agnelli reaches number four on Harvard's best-performing CEO list

A 934% shareholder return during his 10-year tenure and a 157% market capitalization gain

Copper prices to soar in 2013: Chile's national mining society

The world’s number 1 copper producer Chile said copper prices will fall in the $3.60-$3.80 a pound range this year, beating the 2012 average of $3.61 per pound.

Barrick and Goldcorp Pueblo Viejo mine achieves commercial production

After only five months of kicking-off operations at the Dominican Republic’s Pueblo Viejo gold deposit, one of the largest in the world, Barrick and Goldcorp said the mine has achieved commercial production.

Vale’s CEO bullish about iron ore in 2013

Murilo Ferreira, CEO of Brazil’s mining giant VALE (NYSE: VALE) said he expect less volatility in terms of iron prices for 2013

Fresh protests against Eldorado Gold’s Hellas mine in Greece

Citizens’ groups, backed by the radical leftist party Syriza that is now the second largest group in parliament, have been trying to wreck the project since 2011, when Eldorado was granted its exploration licence.

First Quantum and Inmet exchange ‘love letters’

First Quantum said Inmet is trying to sabotage the takeover, while Inmet suggested its counterpart’s complaints were dishonest.

Peru's environmental regulator amasses $40 million in mining fines

The watchdog, known as OEFA, said the fines to mining firms accounted for 67% of the total collected.

Goldcorp's mine in El Salvador a ‘threat’ to human rights: government

Country wants the Inter-American Commission on Human Rights (CIDH) to help it stop Goldcorp's Cerro Blanco project.

Scaling the heights with Peruvian miners

The Peruvian mining sector has lots of promising developers and producers, but don't ignore the smaller companies—2013 may surprise to the upside in Peru.

China set to make biggest ever contribution to global growth in 2014

HSBC says the Middle Kingdom is replacing the United States and Europe as the driving force behind the world economy

Golden Reign Resources Ltd.: Southern district trenching program update

All 4 mineralized zones are situated within the Corona de Oro gold belt, which hosts the San Albino gold deposit.

Top Iron Miner Vale Gains After CEO Says China Demand Recovering

Vale , the world's largest iron- ore producer, rose the most in a week after Chief Executive Officer Murilo Ferreira said the company will benefit from a recovery in Chinese construction and manufacturing.

First round to First Quantum

Inmet's largest shareholder in favour of a deal.

Economic crisis looms in Venezuela

Venezuela's liquid foreign reserves are drying up, the currency is 300% overvalued, but no economic decisions will be made before new government is put in place.

Mining projects worth $7.5bn delayed by Peru's environmental authorities

More than half of the total reports submitted in early 2012 are still under evaluation.

Inca Peruvian Mining's new processing plant may reduce production costs by 50%

Inca Peruvian Mining, a South American company specializing in gold, silver and copper mines, has secured a contractor to complete the construction and installation of the new processing plant.

Hudbay Minerals slides after copper production cut, costs rise

Trout Lake and Chisel North mines reach the end of their mine lives

Batista’s MMX struck with $1.8 billion tax fine in Brazil

MMX Mineração e Metálicos S.A. will dispute the charge as it claims there is no legal basis for

McEwen Mining Declares Commercial Production El Gallo Phase 1 in Mexico

McEwen Mining successfully achieved commercial production at El Gallo Phase 1 in Sinaloa State, Mexico.