Latin America Mining News

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.

Canada’s Kinross Gold to focus on Paracatu gold operation

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

Glenstrata ready to become the largest mining industry merger in recent history

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 evaluating construction of hydroelectric plant in Peru

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.

Will glaciers be for mining in Argentina what an iceberg was for the Titanic?

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.

Driller says West Africa is hot and Peru is cold

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.

Baja Mining lays off 40% of staff and seeks funding for Boleo

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 demonstrators in Peru to start indefinite protest on May 31

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 incoming boss in England to restart talks with Anglo

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.

Mexico's ICA acquires 51% of Peruvian construction services for the mining industry

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 prosecutor requests suspension of Vale's Onça Puma nickel operations

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 says Peru copper deliveries unaffected by protest

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 announces $5 million bought private placement

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 Kinross Gold sells stake in Brazilian mine to AngloGold for $220 million

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.

IMAGE GALLERY: Barrick's 3,800 metre high Pascua-Lama project

Barrick Gold posted a cool image gallery of  its Pascua-Lama project.

Tiny El Salvador needs mining but worries about water contamination

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.

Codelco, the world’s major copper producer, selects AVEVA NET

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.

State of emergency in Peru after two anti-Xstrata protestors died in clashes with police

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.

Collahuasi copper mine resumes after worker death

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 targets mining firms in import crackdown

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.

OZ Minerals inks $90 million deal for copper-moly mine in Chile

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.

Brazil's Vale to sell all of its Colombian coal assets for over $400 million

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.

PERU: Illegal gold mining earns more than cocaine

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.

Chief of Codelco quits amid legal battle with Anglo

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.

Premier Gold agrees to acquire Golden Arrow's 1% NSR on Yamana Gold Inc.'s Gualcamayo Gold mine

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").