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).
Latin America Mining News
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 increased gold reserves for the second straight month, reaching the highest level in 11 years, data from the International Monetary Fund showed Wednesday.
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.
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.
The company started Monday at $14.91 and is currently trading at $11.39.
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.
Mining for $350 per tonne.
El Morro is the company's $3.9 billion copper-gold mine in Chile.
The company's stock was off 16.83%
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'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.
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.
$8.5 billion and counting.
Oil, gas and mining companies' request to have transparency rules put on hold under 2010 financial reform act has been rejected.
Codelco estimates that copper production at the Gaby mine in Chile will reach 139,000 tons in 2012 and 150,000 tons in 2013.
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.
Mining unions in Chile have asked the government to carry out the necessary investments to guarantee production at the Ventanas copper mine.
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 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 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.
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.
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 Mexico has been awarded a contract by Industrias Peñoles to carry out drilling works at the Naica mine in Chihuahua, Mexico.