Latin America Mining News

Belo Sun cranks Volta Grande resource estimate 28%; M&I now at 2.85 million oz

Brazil-focused Belo Sun Mining (TSX:BSX) was up 6% today after the Toronto-based company released an updated resource estimate on its Volta Grande gold project.

Vale's profits down by almost half – Q1 results

Vale, the second largest mining company, fell to the lowest in over six weeks today, after reporting its third consecutive drop in quarterly profit driven by declining iron-ore prices and output.

Need a mining job? Head to Ecuador

Ecuador needs at least 300 mining engineers and geologists in the near future to be able to deliver on its recent mining contracts, but only about 40 such professionals graduate annually from six universities that offer those programs, according to the agency that regulates Ecuador’s mining industry.

Chilean court denies Codelco bid to freeze Anglo American's dividends

Diversified miner Anglo American Plc. (LON:AAL) announced today the 14th Civil Court of Santiago has rejected state copper giant Codelco's latest petition to freeze 49% of the dividends paid by the Sur Division of the London-based miner.

Patagonia Gold on track for gold production target of 200,000 ounces a year by 2015

Patagonia Gold (LON:PGD) (TSX:PAT), an Argentina-focused gold and silver producer, said today it achieved rapid progress in 2011 and is on track towards its goal of producing 200,000 ounces of gold per year by 2015.

Canadian Westridge Resources extends high grades at its flagship Charay project in Mexico

Canadian junior mineral exploration and development company Westridge Resources (TSX-V:WST) is living up to its ‘Midas’ touch’ reputation among market watchers, after the company announced today it has extended high grades in the El Padre Vein, at its Charay Project in Mexico.

YPF nationalization could exacerbate Argentinian economy weakness

The Argentinian government's rush to expropriate control of oil company YPF "contribute to Argentina's deteriorating economic and political links with the international community," Standard & Poor warns.

Vast new copper supplies depressing prices? Don't worry, it's never going to happen

A senior trader in the red metal says “the miners are all lying” about the chances of their projects actually coming on stream.

CST Mining sells 70% stake in Peru copper mine for $505 million

CST Mining is selling its 70% stake in the Mina Justa copper project in Peru for US$505 million.

MBAC reports positive prefeasibility study results for its Santana Phosphate Project in Brazil

MBAC Fertilizer Corp. ("MBAC" or the "Company") (TSX:MBC) (OTCQX:MBCFF) is very pleased to announce the results of the Prefeasibility Study ("PFS") for the Company's 100% owned Santana Phosphate Project ("Santana" or the "Project") located in the southeast of Para State, Brazil.

Hiring heavy hitter, takeover speculation fail to boost Guyana Goldfields

Nothing the company has done so far to assuage investors about its Aurora gold project has been successful and after dropping 5.5% on Monday it is now down over 60% since the start of the year.

Argentina Outlook Revised To Negative On Greater Uncertainty On Medium-Term Prospects, ‘B’ Unsolicited Ratings Affirmed

Standard & Poor's Ratings 
Services revised its outlook on the Republic of Argentina to negative from stable. In addition, we affirmed our 'B' unsolicited long- and short-term ratings and our 'raAA' national scale rating on Argentina. At the same time, we affirmed our 'B' transfer and convertibility assessment on Argentina.

Peru's Humala says Newmont mine project needs work

Peruvian President Ollanta Humala said on Friday that U.S.-based Newmont Mining should carry out a more ambitious environmental mitigation plan if it hopes to build its $4.8 billion Conga gold mine project.

Obstructions to Anglo American Minas-Rio iron ore project keep on coming

Anglo American’s CEO, Cynthia Carroll, said yesterday the company faces further disruption to its US$6 billion Minas-Rio iron ore operation in Brazil, although it hopes to resume construction at the site.

Chilean mining industry faces looming energy crisis

Chile will not be able to keep mining for copper, gold and other minerals if the government does not address the country's pressing energy needs, a mining conference in Santiago heard this week.

Newstrike Capital intersects 81.45 meters of 2.19 g/t Au, including 25.03 meters of 5.10 g/t Au at the Ana Paula Project

Newstrike Capital Inc. (TSX VENTURE:NES) ("Newstrike" or the "Company") is pleased to announce the next series of results completed in the 2012 drill program in progress at the Company's 100%-owned Ana Paula Project, Guerrero Gold Belt (GGB).

Investors ride SilverCrest wave

SilverCrest Mines jumped as much as 9% on Thursday on higher than usual trading volumes, after announcing silver production doubled and gold output tripled at its Santa Elena mine in Mexico.

Asian investors pile into South American Silver with $16 million private placement

South American Silver has inked a $16 million deal with Asian investors to go towards its exploration projects in Bolivia and Chile.

Brazil's aluminum output went up 3.7% in March

Brazil's aluminum output in March went up 3.7% to 125,000 tonnes, according to the national aluminum association, Abal.

Copper prices will hit bottom before rising in latter part of 2012

Copper prices will continue dipping but only until the middle of this year, at which point they should start rising again, according to the latest Thomson Reuters’ GFMS Copper Survey and members of the industry.

Rio Novo Gold announces filing of Preliminary Economic Assessment Technical Report for its Almas Gold Project

Rio Novo Gold Inc. (TSX:RN)(TSX:RN.WT) ("Rio Novo" or the "Company") announces that a National Instrument 43-101 compliant technical report in support of the Preliminary Economic Assessment ("PEA") of its Almas Gold Project ("Almas Project") has been filed on SEDAR (www.sedar.com).

OZ Minerals, Southern Copper shopping for South American mines

US-based Southern Copper and Australia's Oz Minerals are both looking to acquire assets in South America, according to media reports Wednesday.

Endeavour silver corporation: new acquisition doubles reserves

Endeavour Silver Corporation (EXK) have just announced that they have entered into a definitive agreement whereby Endeavour will acquire 100% interests in AuRico Gold's operating El Cubo silver-gold mine in Guanajuato State, Mexico and the Guadalupe y Calvo silver-gold exploration project in Chihuahua State, Mexico, for total consideration of up to US$250 million.

Australian miners seek business opportunities in Colombia

The mining boom that Colombia is experiencing has driven a group of Australian firms to visit the South American country and explore what the country has to offer in terms of mining for foreign investors.

Canadian Scorpio Mining's silver production falls‎

Toronto-listed Scorpio Mining (TSX: SPM) reported quarterly silver production at its Nuestra Señora mine in Mexico fell 10%, driven by lower head grades.