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.
Latin America Mining News
Canada’s third main gold miner Kinross Gold (TSX:K) will focus on its wholly-owned Paracatu mine, in Brazil's Minas Gerais state, after it sold its stake in the Crixas gold mine to South Africa’s AngloGold Ashanti for $220 million
The prospectus giving details of the creation of a $90 billion mining and commodities trading behemoth will finally find its way to the inboxes of shareholders today.
Southern Copper Corp. is evaluating the construction of a hydroelectric plant in Peru to mitigate the impacts that the energy crisis in the second world producer of copper may have in its operations, said the company’s president Oscar Gonzalez.
An Argentinean government body that is mapping glaciers in the Central Andes has released initial results of its national glacier inventory, showing that many of the country’s mining projects sit in glacier-rich areas and may, therefore, be a threat to country’s future water supply, among other possible ill effects.
Energold Drilling (TSX VENTURE:EGD) beat back a commodity overhang in 2012 and announced a 134% increase in revenue, growing from $22.7 million to $53.3 million.
Troubled Vancouver miner, Baja Mining (TSE:BAJ), said that it laid off 40% of its staff to conserve cash and admitted that there is "no assurance" that it will find funding to complete its Boleo project, a $1.143 billion copper-cobalt-zinc project in Mexico.
Anti-mining protesters in Peru's Cajamarca region are scheduled to start an indefinite protest beggining May 31, local press reported. The main target is US-based Newmont Mining's $4.8 billion Conga mine project.
Chile’s Codelco new CEO, Thomas Keller, has traveled to London this week to hold talks with global miner Anglo American (LON:ALL), hoping to resolve a multi-billion dollar contract dispute between the parties.
Mexican construction company ICA said on Wednesday it would buy a 51% stake in in San Martín Contratistas Generales S.A., Peru's leading company dedicated principally to construction in the mining sector.
Brazil's federal public ministry in Para state has filed legal action demanding that operations be halted at Onça Puma, a nickel mine in the northern Brazilian state owned and operated by Vale SA (NYSE:VALE).
Xstrata Plc (XTA), the world’s fourth- largest copper producer, said its Tintaya mine in Peru is running normally after community protests that led to four deaths and prompted authorities to declare a state of emergency.
GoldQuest Mining Corp. (the "Company") (TSX VENTURE:GQC)(FRANKFURT:M1W)(BERLIN:M1W) is pleased to announce that it has entered into an agreement with Dundee Securities Ltd. (the "Lead Underwriter") on behalf of a syndicate of Underwriters including Stifel Nicolaus Canada Inc., Canaccord Genuity Corp. and Raymond James Ltd. (the "Underwriters") under which the Underwriters have agreed to purchase, on a bought deal private placement basis, 11,112,000 common shares (the "Shares") at a price per Share of $0.45 for total gross proceeds of $5,000,400 (the "Offering").
Canada’s third main gold miner Kinross Gold (TSX:K) is selling its stake in the Crixas gold mine in Brazil, to South Africa’s AngloGold Ashanti for $220-million.
Barrick Gold posted a cool image gallery of its Pascua-Lama project.
The government of El Salvador is warning that the future large-scale development of the Cerro Blanco mine in southern Guatemala will greatly endanger the quality of water found in the Lempa River, which supplies water not only to Guatemala but also to Honduras and El Salvador.
Chile’s state-run Corporación Nacional del Cobre (CODELCO) has selected AVEVA NET as its information management solution for the execution of important capital projects in the country.
Peru's government declared a 30-day state of emergency on Monday night after two people were killed and dozens of police officers injured in violent anti-mining protests against Swiss based-Xstrata near Cuzco, in south eastern Peru.
The world's No. 3 copper mine, Chile's Collahuasi, is gradually resuming mining operations following the accidental death of a worker late Saturday, spokeswoman Bernardita Fernandez told Reuters on Sunday.
Argentina's government tightened controls on imports of equipment and supplies by mining companies on Monday in a new measure to boost the trade surplus and foreign currency stocks.
Australian copper producer OZ Minerals has struck a deal with Canada's International PBX Ventures for a 90% interest in the Copaquire copper-molybdenum property in Chile.
Mining giant Vale said on Monday it will sell its coal assets in Colombia to CPC, a unit of Colombian Natural Resources, for $407 million.
Informal gold mining in Peru is not only being targeted as a threat to the environment and a source of fiscal evasion but also as a major illegal industry that generates more revenues than cocaine.
In what it seems to be the first casualty of the heated conflict between diversified miner Anglo American (LON:ALL) and its Chilean adversary Codelco, the world’s largest copper producer announced its CEO Diego Hernandez resigned late Thursday.
Golden Arrow Resources Corporation CA:GRG +5.45% , "Golden Arrow" or the "Company") is pleased to announce the signing of a definitive purchase agreement (the "Agreement") regarding the sale by Golden Arrow and purchase by Premier Gold Mines Limited (pg:TSX)(pg:"Premier Gold") through its wholly-owned subsidiary, Premier Royalty Corporation ("Premier Royalty"), of a 1% NSR on Yamana Gold Inc.'s Gualcamayo Gold mine (the "Royalty").