Latin America Mining News

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.

INTERACTIVE INFOGRAPHIC: Potash

The market for the soil nutrient is dominated by a handful of countries and a few giant companies. And it's made some people fabulously wealthy.

Vale receives authorization for Salobo copper project

Vale announced that it had received an operating license from IBAMA, the Brazilian environmental and renewable resources council, for its Salobo copper mine in Pará.

Baja Mining granted further standstill extension by lenders

Vancouver-based Baja Mining Corp. (TSX: BAJ) announced this morning that it has landed two extensions of a standstill agreement with lenders to its Minera y Metalúrgica del Boleo S.A. de C.V. subsidiary.

Output up 72.4% at Chile’s Escondida copper mine

Production at Chile's Escondida, the world's largest copper mine, was up 72.4% in the third quarter compared with the same period of 2011, said Wednesday the country’s copper commission, Cochilco.

Colombia to punish illegal mining

Colombian President Juan Manuel Santos presented Friday a package of measures, including a proposed bill before congress, aimed to making illegal mining a crime punished by the country’s Penal Code.

Inmet Mining's profit jumps 19%, beats expectations

Canada's Inmet Mining Corp (TSX:IMN) posted a 19% rise in third-quarter profit, as copper production and prices improved.

Why are Petaquilla Minerals and Inmet Mining fighting in Panama?

Canadian miners Petaquilla Minerals Ltd. (TSX:PTQ) and Inmet Mining Corp. (TSX:IMN) have been on the news in recent weeks as the companies locked horns over land rights near the Cobre Panama copper project, run by Inmet’s subsidiary Minera Panama.

TransCanada to build $1 billion pipeline in Mexico while being audited by Canadian regulators

TransCanada Corp. (TSX,NYSE:TRP) will invest about $1 billion in a new natural gas pipeline in Mexico after being granted a permit to contract to build, own and operate the duct by the country's federal power company, the Comision Federal de Electricidad or CFE.

Pascua-Lama costs and challenges take shine off Barrick Gold earnings

Cost burdens continue to upset Barrick Gold Corp. (NYSE, TSX: ABX), as the globe's top gold miner hiked Thursday its cash cost guidance for 2012 and warned that costs at its massive Pascua-Lama project will be almost three times more than the $3 billion announced in 2009.

BHP introduces robot fleet in Pilbara

BHP will in time set up similar facilities for its Queensland coal mines and at its Escondida copper mine in Chile.

Petaquilla rejects Inmet’s final takeover bid

Petaquilla Minerals Ltd. (TSX:PTQ) has rejected as inadequate an unsolicited, the latest takeover bid by Inmet Mining Corp. (TSX:IMN) presented Friday, which was 25% cent higher than the $112-million Inmet originally offered.

New Bolivian law poses serious challenges for mining companies

Bolivia has passed this month the world's first ruling that grants all nature equal rights to humans. The “Law of Mother Earth,” agreed by politicians and grassroots social groups, redefines the South American nation's mineral deposits as "blessings" and is supposed to lead to radical new conservation and social measures to reduce pollution and control industry.

Work stoppage ends at Glencore's Colombian coal mine

Anglo American's Q3 met coal output surges 12%, thermal coal dips 15%

Inmet sweetens bid for gold miner Petaquilla by 25%

Canadian gold miner Petaquilla Minerals Ltd. (TSX:PTQ) confirmed late Thursday it is studying an upgraded and final takeover offer by Inmet Mining Corp. (TSX:IMN), which is now offering about 25% more than $112-million it previously proposed.