Latin America Mining News

Brazil sets new record for potash consumption

The country is also the largest importer in the world.

Top 10 copper companies in 2012

Chilean miner Codelco sits in first place worldwide.

Peru to double current copper output by 2016: mine minister

The country expects about $2 billion in revenue.

Former diamond miner exec admits possession of $38m worth of cocaine

He is allegedly involved in large-scale importing of cocaine from South America.

Copper, gold and laundered money: Peru's main exports in 2012

The South American nation’s extractive sector accounts for some 60% of the economy.

The pencil and engineering design for mining

Beware the routine application of craft in challenging mining situations.

Chilean engineers looking for suppliers to ambitious projects

With more than $425 billion expected to be poured into South American mining projects in the next decade – double what was expected just a couple of years ago – ChileEngineering, which represents the Chilean engineering sector, sees big opportunities...

New Chilean R&D tax credit to benefit Canadian companies

Between 2013 and 2025, the new “R&D Tax Credit” will give mining companies a 35% tax credit on all eligible expenditures.

Hecla Mining offers $774 million for Aurizon Mines

Friendly bid comes barely a month after the Vancouver-based company rejected a hostile offer from fellow Canadian miner Alamos God.

Investment in mining exploration to plummet, juniors the most affected: report

After three years of booming investment in mining exploration, the industry is set to cut down significantly on it this year.

Fraser Institute ranks Finland and Sweden top mining destinations

Meanwhile try avoiding Indonesia, Vietnam, Venezuela, Democratic Republic of Congo (DRC), Kyrgyzstan, Zimbabwe, Bolivia, Guatemala, Philippines, and Greece, says Canada's leading public policy think-tank.

Rio appoints former BHP executive as new finance director

Christopher Lynch takes over longstanding finance director Guy Elliott.

Brazil’s Vale reports first loss in a decade, takes $5.7bn write-down

It became the latest large miner to write down assets in the face of falling commodity prices.

Mike Berry's new secret for finding winners is optionality

Investment expert talks about junior mining firms in Nevada and Mexico that display optionality and sustainability in a market stuck in the mire.

New projects in Peru to add $3.6 billion to overall mining investment for 2013

The sector is expected to bring in $53 billion during the next decade.

Discovering 2013: The top finds of the last two months

Companies are drilling deeper and expanding exploration like never before.

US big winner in Colombia’s coal industry troubles: report

South America’s largest coal supplier risks losing its main customers to the US as mounting issues affecting major coal miners in the country have started to disrupt supply.

Barrick Gold fined in Chile, faces opposition in Dominican Republic

Construction work at Pascua Lama halted once again. Dominican authorities pressing for a “more favourable” contract in Pueblo Viejo.

Inmet and Petaquilla make peace

They have reached a preliminary $150 million commercial agreement over land rights near the $6.2 billion Cobre Panama copper project.

Terrorists attack Colombia's largest coal mine

The violence comes as union leaders and company executives prepare to hold talks today, hoping to end a strike that is costing the company millions of dollars a day.

Vale talks slated for Argentinian potash project investment

Business representatives and politicians to meet in Buenos Aires next week.

Where to buy gold in difficult times: Jay Taylor

Big investors are leaving the market and small investors hesitate to re-enter.

Investors pile into Pan American Silver despite loss

A 150% increase in the miner's cash dividend makes the bad news from Argentina more palatable.

Yamana Gold outshines most precious metal producers, reports record earnings

The precious metal producer posted higher quarterly profit and revenue compared with a year ago and said it expects to see at least a 20% increase in output for 2013.

Phew. Codelco wriggles out of 15-year deal inked at $1.50 a pound

Minmetals bought 55,750 tonnes a year at a very special price.