Latin America Mining News

Xstrata to pay $342 million to execs after Glencore merger triggers 'red-top alert'

The unusual alert, considered the Association of British Insurer's most serious warning, indicates a breach in corporate governance.

Australian PanTerra Gold restarts operations at Las Lagunas gold and silver project

Australian PanTerra Gold restarted operations at its Las Lagunas gold and silver project, in the Dominican Republic, adding that the feed issues to the Albion carbon-in-leach processing plant had been resolved.

When being the richest miner is not enough: become the largest holder of mineral rights in Brazil

The world’s richest mining entrepreneur and wealthiest man in Brazil, Eike Batista, is now also the largest holder of mineral rights in the South American iron ore-rich area of Mato Grosso do Sul, with 9,362.98 hectares under his control.

Brazil’s rejects iron tax but that isn't the problem

Brazil's lower house mining and energy commission has rejected 10% export tax on all iron ore exported by local miners, but Standard & Poor warns permitting and infrastructure issues are threatening the country’ iron ore expansions.

Anglo and Codelco's bitter dispute over copper assets in Chile may end this Friday

London-based Anglo American (LSE:AAL) and Chile's state-owned Codelco have set this Friday as the deadline to resolve a dispute over billions of dollars in copper assets.

Crystallex obtains a court order to delay its annual meeting and announces the dismissal of the appeal of its DIP financing

TORONTO, ONTARIO--(Marketwire - June 18, 2012) - Crystallex International Corporation (OTCBB:CRYFQ) ("Crystallex" or the "Company") announced today that it has obtained a court order which allows it to delay holding its annual meeting pend...

Yamana Gold to acquire Extorre for $400 million, aiming for 18% dividend boost

Canadian Yamana Gold Inc. (TSX:YRI) (NYSE:AUY)(LSE:YAU) announced a $400 million acquisition Monday of Argentina-focused junior miner Extorre Gold Mines (AMEX:XG) (TSX:XG), which has an appealing gold-silver project in the South American country, while also saying it plans to boost its dividend by 18%.

Cortez gold corp: construction underway on gold-silver processing plant

After the company's press release shares, up 12%, traded at 25 times their normal volume.

Peru: an emerging power in the global gold hunt

Suggests a report by Century Capital Research

Argentina mine exports grind to a halt on foreign exchange rules

Argentina's mining exports have virtually ground to a halt and companies are stockpiling gold, copper and other minerals due to foreign exchange rules that are impossible to comply with, a top industry executive said Tuesday.

Barrick could be buying silver on the futures market due to contractual obligations: Silver Doctors

The Silver Doctors worry that Barrick Gold's Pascua Lama gold and silver mine might still not get built due to problems with glaciers in the region.

Dominican Republic: Sandy beaches, turquoise water and $58 billion waiting to be extracted

The Dominican Republic is soon to become more than just a sunny destination. Data published by the country’s geology society claim the Central American nation is sitting on nearly $58 billion of unexplored reserves of minerals and metals.

Shale gas most likely solution to Chilean mining industry's energy supply deficit: report

Shale gas may be the solution to one of the most serious problems the mining industry is facing in Chile: extremely high energy prices due to limited supply.

Lumina Copper discovers two new copper mineralized zones at Taca Taca

Already with massive copper, gold and molybdenum deposit in Argentina, Lumina Copper now has two new copper mineralized zones.

10-year review critiques the mining industry's sustainability

The IIED report urges the sector to move from improving its standards in principle to actually implementing them in practice.

Ross Beaty laments Argentina, says the commodity supercycle is still intact

Ross Beaty, the founder of Pan America Silver and Equinox Resources, is not cowed by the bad economic news. He looks at the markets and still sees opportunity.

Mining investment worth $50 billion in the balance as Peruvian lawmakers quit

Three lawmakers from President Ollanta Humala’s ruling Gana Peru party resigned on Monday over the government’s handling of protests against -Xstrata last week, warning that social and environmental protests are threatening billions of dollars of mining projects.

GoGold makes a deal for $30 million in cash and 741,000 gold equivalent ounces

After making a deal to combine with privately-held Absolute Gold last May, GoGold Resources (CVE:GGD) has now filed a NI 43-101 showing the mineral interests it acquired from Absolute are a resource containing 37.1 million ounces of silver equivalent and 741,000 ounces gold equivalent.

Metso to supply big mining crushers to Codelco in Chile

Metso has signed a contract with Codelco, Chile's State-owned mining company, to supply big cone crushers for a process improvement project in the Chuquicamata division. The contract also includes an automatic control system for crushers delivered by Metso.

500 years on Zacatecas re-emerges as precious metals investment destination

The main source of silver to the Spanish crown during the 1500s, the Mexican state of Zacatecas is again enjoying the attention of foreign investors.

Focus Graphite to earn into Lara's Caninde Project in Brazil

Lara Exploration has signed an agreement with Focus Graphite Inc., whereby the later can earn up to a 60% interest in Lara's wholly-owned Canindé Graphite Project in Ceará State, northeast Brazil.

Gold sector crisis due to lack of a clear policy – Venezuela

BNamericas reported that the deadline for private sector mining companies in Venezuela to negotiate and form JV gold companies with the state passed a little more than a month ago causing a lot of uncertainty for the sector. This is even more the case...

Bolivia to decide Canadian South American Silver mine's future based on indigenous referendum

Bolivia’s President Evo Morales announced he will consult the indigenous communities of the Altiplano before authorizing the eventual exploitation of the silver and indium deposit of Mallku Khota, currently under exploration by Canadian South American Silver (TSX:SAC).

Brazil Potash raises funds for Amazon Basin development

Brazil Potash Corp. announced it has secured $58 million for potash exploration at the Amazon Basin project, where it plans to build a $3.5 billion to $4 billion mine.

Chile’s mining future jeopardized by delay in Patagonia $7 billion dam project

Chile, the top copper producer in the world, will not be able to keep mining for the red metal, gold and other minerals if the country doesn’t find a solution to the pressing energy needs, experts believe.