Latin America Mining News

Avalanches in Pascua Lama area did not cause water pollution: Barrick

Recent avalanches affecting several points along a water channel in the area of Barrick's Pascua Lama project have not affected water quality, says the gold miner.

Deadly explosion in Mexico caused by gas buildup, not bomb

A buildup of gas in the basement of the headquarters of the national oil company and not a bomb as local media reported caused the blast that killed 37 people and wounded dozens last week, Mexico's authorities announced late Monday.

Mexico gears up for new mining bill, includes taxes to benefit locals

It will start charging mining companies already operating or planning to start up in the second half of this year.

Chesapeake Gold sold off after Mexican project costs come in on (very) high side

Vancouver firm may still look attractive to gold majors looking for new supply.

Bolivian mining town erects giant Virgin statue that rivals Rio's Christ

The $1.2 million statue of the Virgin Mary is slightly shorter than New York's Statue of Liberty, but seven meters higher than Rio's famed image of Christ.

Guinea wants to bring one of the world’s richest iron ore deposits back to life

Last October, Vale put the scope and schedule for its $1.26 billion Zogota iron-ore project in Simandou South under review.

Top 10 trends facing the mining industry

VIDEO: Deloitte's fifth annual global mining report on pressing issues and practical solutions to problems.

Terrorists said to be leading protests against Canadian miner in Peru

Protests organizers are said to have links with organized terrorist groups, such as the Túpac Amaru Revolutionary Movement (MRTA) and the Shining Path.

Investors losing confidence in copper miner Antofagasta

Chilean copper miner Antofagasta PLC hit a four-month low Friday on worries that increasing costs would eat into its premium rating.

Huge blast kills at least 32 at Mexico’s Pemex HQ

An explosion caused by — so far — unknown reasons left 25 people dead and more than 100 injured at the Mexico City headquarters of state-owned oil firm Petroleros Mexicanos (Pemex) late Thursday.

Chinese mining giant plunges following Hong Kong IPO

Chinalco Mining Corporation (HKSX:3688) plunged over 11% following it's debut on the Hong Kong Stock Exchange on Thursday.

Mining investment in Argentina grows 72% despite risky business climate

Foreign and local investors spent a total of $3.8 billion in 2012 and the trend is expected to continue this year, with planned investments already amounting to more than $4 billion.

Gold Fields La Cima SAA announces resignation of its Chief Executive Officer

Gold Fields La Cima SAA announced that Mr. Juan Luis Alfredo Kruger Sayan has resigned from his posts of Chief Executive Officer effective March 15, 2013

Interest rate hike could trigger global meltdown: Kaye

Renowned hedge fund manager William Kaye says the world faces the prospect of another financial crisis should interest rates be increased and debt burdens be rendered unserviceable.

Copper price forecasts for 2013 improve on more balanced market

HSBC has lifted its forecast for copper prices in 2013 due to expectations of a more structurally balanced market and positive sentiment.

VIDEO: How Caterpillar dominates

Coming to grips with CAT's size and dominance

Protests against Canadian-owned copper miner in Peru build up

Local officials said the crowd is lead by some of the same organizers of rallies against Newmont Mining’s $5 billion Conga project.

Anglo American takes $4bn hit on Brazil Minas Rio

Several delays and mounting development costs are to blame.

International Minerals reports production results from Pallancata mine for quarter ended December 31, 2012 and full calendar year 2012

In the current quarter, the Pallancata Mine produced approximately 1.9 million ounces of silver (2011: 2.3 million ounces) and 7,402 ounces of gold (2011: 8,304 ounces).

Main copper producer Chile expects record output thanks to BHP and Codelco

The country expects to generate 5.59 million tons of red metal this year, up 3% from 2012 levels.

Exotic travel and lots of money: commodity trader for a major miner lists business perks

A social media user who claims being a commodities trader at giant Glencore (LON:GLEN) opened up a forum on Reddit on Sunday in which he answered lots of questions about what it's like to work at the big firm.

Belo Sun intersects new high grade zone at Grota Seca and expands grande deposit

Hole VVGD-529 intersected 12.07 meters grading 11.08 g/t Au including 4.85 meters grading 26.78 g/t Au.

Gold carpet treatment promised for miners in the Dominican Republic: Alexander Medina

Interview with the country's newly appointed director of mining.

Newmont pouring $150 million into Peru’s Conga this year

The gold-copper project, set to begin production in early 2015, continues to be on hold because of social pressure.