Latin America Mining News

Codelco's profit jumped 27% thanks to deal with Anglo

Chilean state-own Codelco, the world's largest copper producer, said Thursday its January-September profits climbed 27% compared to the same period last year, thanks mainly to the settlement of a heated legal dispute over a copper mine with diversified miner Anglo American (LON:ALL).

FUN BREAK: Geologist unmasks Mayan ‘apocalypse’ myth

Doomsayers may surely be relieved to read the latest posts by geologist Wayne Sedawie, who for years has travelled and investigated ancient Mayan sites, as he explains why the end of the world is not a month away.

Brazil gold reserves reach 11-year high

Brazil increased gold reserves for the second straight month, reaching the highest level in 11 years, data from the International Monetary Fund showed Wednesday.

Gold Fields weighs alternatives for Peru’s Chucapaca mine

South African miner Gold Fields (NYSE, JSE:GFI) revealed its initial plan to develop a gold deposit into an open-pit mine in southern Peru isn't feasible.

Vale gets green light for railway expansion

Brazil’s Vale (NYSE:VALE), the world's number one iron ore producer, was granted Monday an environmental permit to expand the Carajás railroad (EFC), a key part of its plans to increase iron ore production in the Amazon.

IAMGOLD shares drop by a quarter

The company started Monday at $14.91 and is currently trading at $11.39.

New study paints bleak picture for emerging iron ore producers

The Big Three's share of the seaborne trade has fallen back to 57%, but the trend will reverse as capital dries up for emerging producers.

Anglo's Minas Rio: the most expensive iron mine on the planet

Mining for $350 per tonne.

Goldcorp hopes for El Morro permit next year

El Morro is the company's $3.9 billion copper-gold mine in Chile.

Jaguar Mining reports net loss of $21.6 million; stock off 16.83%

The company's stock was off 16.83%

Three mining pros take the reins at prophecy platinum – Greg Johnson interview

Prophecy Platinum Corp. (NKL), has scored a major talent coup by attracting a trio of credible and experienced mining executives to advance its flagship Wellgreen platinum, nickel and copper project in the Yukon Territory.

Peru to resume talks on Newmont’s $4.8 billion Conga mine

Peru's government is considering resuming talks with opponents of the $4.8 billion Minas Conga copper and gold mining project in the northern region of Cajamarca, Environment Minister, Manuel Pulgar Vidal, said in a TV interview on Sunday night.

Yamana Gold insists on risky project in northern Chile

Canadian miner Yamana Gold Inc. (TSX:YRI) (NYSE: AUY) is refusing to give up on its plans to re-open the old “Agua de la Falda” gold mine in Chile’s northern Atacama region, a particularly sensitive area in terms of energy costs.

Latest delay at Barrick's Pascua Lama could extend for 'weeks'

$8.5 billion and counting.

SEC rules against resource firms over Dodd-Frank

Oil, gas and mining companies' request to have transparency rules put on hold under 2010 financial reform act has been rejected.

Codelco evaluating Gaby mine expansion

Codelco estimates that copper production at the Gaby mine in Chile will reach 139,000 tons in 2012 and 150,000 tons in 2013.

Yanacocha fined for breaking environmental laws

Mining company Yanacocha has been fined PEN 466,287 (USD 179,000) for violating environmental laws at its gold and copper mining project Conga, located in Cajamarca, Peru.

Copper miners in Chile urge for investments in Ventanas mine to prevent its closure

Mining unions in Chile have asked the government to carry out the necessary investments to guarantee production at the Ventanas copper mine.

Carrejon postpones study on diverting Columbia's Rancheria river due to weak carbon prices

Carbon mining company Cerrejon, a joint venture of BHP Billiton, Anglo American and Xstrata, has decided to postpone a study into the possible diversion of the Rencheria river, in La Guajira, Colombia.

Toyota to invest USD 150 million in lithium mining project

Toyota has announced it will invest USD 150 million in mining company Oro Cobre's lithium mining project located in Salar de Olaroz, Jujuy, Argentina.

Peruvian company acquires Canadian gold junior Andina Minerals

Peruvian precious metals miner Hochschild (LON:HOC) is acquiring Canadian Andina Minerals (TSX-V:ASM), after the junior gold miner agreed late Thursday to a friendly takeover.

Bolivia rejects Desarrollos Zapal's request to operate the Los Cardones gold mine

The Ministry of Environment and Natural Resources in La Paz, Bolivia, has refused to grant authorization to Desarrollos Zapal to operate the Los Cardones gold mine.

4,500 citizens of Esquel, Argentina protest against mega-mining projects, demand halt to Yamana Gold's operations

Around 4,500 citizens of Esquel, Argentina, protested against the mega-mining projects in the province and demanded that the government cancel Yamana Gold's authorization to operate in the region.

Yamana Gold increases investment to reopen gold mine in Atacama to USD 423 million

Canadian company Yamana Gold has announced it will increase its investment from USD 315 million to USD 423 million to reopen the gold mine "Agua de la Falda", located in Atacama, Chile.

Proacon awarded MXN 100 million drilling contract for Industrias Peñoles' Naica mine

Proacon Mexico has been awarded a contract by Industrias Peñoles to carry out drilling works at the Naica mine in Chihuahua, Mexico.