Latin America Mining News

Rusoro asks World Bank to arbitrate dispute with Venezuela

Russian-Canadian miner Rusoro Mining, is asking an arm of the World Bank to intercede in a legal dispute with Venezuela after the country nationalized its gold industry, and took over the junior’s investments without compensation.

Unions left out of Newmont's negotiations in Peru

Negotiations among Peruvian authorities, Newmont Mining and the local communities with the intent to end the seven-month conflict over the $5 billion Conga project in the northern region of Cajamarca, are leaving out one key piece: the workers.

Peru says deal reached on Anglo American mine

Reuters reported that Peru has brokered a deal between the regional government of Moquegua and Anglo American to allow the global firm to build its USD 3 billion Quellaveco copper mine.

26 arrested in illegal gold mining mission

Brazilian police arrested 26 people suspected of being involved in illegal gold mining in the Amazon.

Chile at a crossroads

Chile's accession to the Organization of Economic Cooperation and Development in 2010 was more than just a confirmation that they'd earned the right to join the world's top ranked economies.

Ecuador to 'make it easier' for mining companies

Mining companies exploring and operating in Ecuador had some good news yesterday as President Rafael Correa said on state-owned radio station, Radio Publica, he might need to make it easier for miners from now on.

Baja Mining only has enough money for Boleo project for two more weeks

The Canadian mining company continues to struggle with cost overruns at its flagship Boleo mine in Mexico, the company has not yet received any funding proposals for the project and only has enough money to run it until August 1.

Anglo’s $3 billion copper mine in Peru is a go

Despite the recent deadly and divisive disputes over mining projects in Peru, London-based mining giant Anglo American got the green light from the regional government of Moquegua for its $3 billion Quellaveco copper mine.

Here we go again: Anglo, Codelco talks extended

London-based Anglo American and Chile's state-owned Codelco have not come to an agreement, said the world’s largest copper producer Thursday, instead they have agreed to extend the talks until mid August.

Nationalism stumps Canadian mining companies in Latin America

From expropriations in Venezuela, Bolivia and Argentina to violent opposition in traditionally mining-friendly jurisdictions such as Peru and Chile, the rising political tensions pose a risk to a decade-long bonanza mining companies have enjoyed.

Chile’s largest open pit copper mine goes underground

Chile’s largest open pit copper mine, Chuquicamata, has officially started its conversion towards underground mining. The project will cost Codelco over $2 billion in the preliminary phase but will substantially increase production and extend the mine's lifespan.

Bolivia seizes South American Silver's assets

Bolivian President Evo Morales has nationalized the assets of Vancouver-based South American Silver, accusing the miner of causing a conflict that saw violence erupt among communities around the mining project it was developing there.

Xstrata-Glencore merger to be decided Sep 7

Giant miner Xstrata has set Sep. 7 as the day for its shareholders to vote on the $26 billion takeover by Glencore, giving the commodities trader six weeks to reach an agreement on the conditions.

Goldcorp lowers guidance due to drought and production delays

Goldcorp, the world's second-largest gold miner, said expected gold production would drop 8% due to problems at Peñasquito and Red Lake.

Mexican workers stop Excellon Resources operations amid IIROC’s decision to impose a trade halt

Unionized workers of Durango Sate in Mexico, forced Canadian miner Excellon Resources to halt its operations at San Pedro mine after over 70 union members occupied the facilities last night.

Teck weighs future of its $5.6 billion expansion project in Chile

Canadian miner Teck Resources has temporarily withdrawn the Social and Environmental Impact Assessment application for its $5.6 billion Quebrada Blanca II expansion project in northern Chile.

Anglo American optimistic on its $3 billion Peru copper project

Despite the recent deadly and divisive disputes over mining projects in Peru, London- based mining giant Anglo American says it hopes to begin construction of its $3 billion Quellaveco copper project in the country as soon as possible.

Canadian Candente copper to restart drilling in Peru

Candente Copper will be allowed to resume its exploration and feasibility drilling at its Canariaco project in Peru, after the local community of San Juan De Kañaris voted in favour of granting surface access to the company on Sunday.

South American Silver's Bolivian mining license revoked, workers set free

Bolivian Labour Minister, Daniel Santalla, signed an agreement on Sunday with the leaders of the Andean local community of Malku Khota who were holding five employees of Canadian South American Silver captive.

Bolivian farmer dies in demonstration against South American Silver

A Bolivian farmer died on Friday and at least four others were injured when protesters occupied the Malku Khota project, operated by Canadian South American Silver in the Andean highlands.

Argentina’s glaciers law won’t affect Pascua Lama: Barrick

Barrick Gold, the world's largest gold company, said a new ruling outlawing mining near glaciers in Argentina will not interfere with its Pascua-Lama mine, one of the world’s largest new projects targeting the precious metal.

Dispute over Argentina’s Los Azules copper project just got uglier

With the recent announcement that there’s much more copper in the Los Azules copper project in Argentina than initially thought, the stakes in a lawsuit contesting its ownership have become much higher.

Peru detains leader of anti-mining protests then frees him after increased hostility

Peruvian police detained former Roman Catholic priest Marco Arana, the leader of the protests against Newmont Mining, yesterday evening. The situation has only worsened since the government declared a state of emergency.

Argentinian legislation might sink Pan American’s flagship

Pan American Silver is warning its shareholders that if the reform of mining law in Argentina's Chubut Province is approved, the company will have to declare its Navidad Project "uneconomic."

Baja's top shareholder won't give more for Boleo

Besieged Baja Mining suffered another setback on Thursday after Mount Kellett Capital Management, the company’s largest shareholder, announced it wouldn’t provide debt or equity financing for the Boleo project in Mexico.