Latin America Mining News

Anglo resumes work at Minas Rio

Green light for transmission line was the final hurdle to clear.

Antofagasta's cancellation brings value of shelved projects in Chile to $17bn

World's number one copper producer is not ramping up production as expected.

Copper production increased by 14.9% YoY in Peru in October 2012

According to a report by the National Statistics Institute in Peru.

Investments in lithium projects in Argentina total USD 4 billion in 2012

Global lithium reserves are estimated to total 10 million metric tons, of which 9 million metric tons are thought to be located in Latin America, mainly Argentina, Chile and Bolivia.

Antofagasta: Suspension of Antucoya copper project will not impact other projects

Antofagasta's CEO Diego Hernandez has confirmed that the suspension of the Antucoya copper project in Chile will not impact other projects.

The greatest mining flameouts of 2012

The notable flops, failures and flameouts of the year.

American International Ventures to initiate construction of gold plant in Mexico

American International Ventures has established a subsidiary in Mexico, Oro De AIVN, to be responsible for its La Veta gold project, located in El Alamo, Baja California.

Escondida mine to produce 1.3 million tons of copper in 2015

BHP Billiton is currently working on the expansion of the Escondida mine, located in Chile.

Lithium Americas to invest ARS 3 billion in lithium, potasium project in Argentina

Lithium Americas has announced it will invest ARS 3 billion (USD 816.75 million) in its Caucharí-Olaroz mining project in Argentina.

Local government of Chubut refuses to approve legal framework for large mining projects

Minera Argenta, a subsidiary of Pan American Silver, has announced it will not carry out the silver and lead project "Navidad", located between the communities of Gan Gan and Gastre in Chubut, Argentina.

Brazil doubles gold reserve to highest level in 12 years

Brazil increased gold reserves for a third month in November to double the country’s holdings since August, reaching levels not seen since November 2000.

Resource nationalism assumes more insidious forms

Tactics shift from frank expropriation of assets to increased royalties and stricter procurement requirements

Despite 2012 commodities slump emerging market demand set to fuel higher, more volatile prices

"In a resource-constrained world, value creation moves towards the owners of resources" is the conclusion of a new report from McKinsey

Braeval Mining completes $10,000,200 initial public offering and lists on the Toronto Stock Exchange

The company announces the closing today of its initial public offering of 16,667,000 common shares of the company at a price of $0.60 per share resulting in gross proceeds of $10,000,200.

Cornerstone and SolGold define additional gold-copper soil anomalies and geological targets at the Cascabel project, Ecuador

Cornerstone and SolGold define additional gold-copper soil anomalies and geological targets at the Cascabel project, Ecuador.

Vale will pay $232 million in taxes to Switzerland

Brazilian miner Vale SA (NYSE:VALE) said Wednesday its fourth-quarter results would suffer after the company decided to settle a case of alleged tax evasion with Swiss authorities.

Petaquilla Minerals Ltd. files technical report on Palmilla deposit

Adds additional resources of 502,800 gold equivalent ounces

Marifil Mines year end update: December 2012

Marifil has expanded its land holdings and acquired two high-grade potash deposits K-5 and K-6 in the Neuquen basin.

Rio Alto Mining Limited: New York Stock Exchange listing

The company anticipates that its common shares will open for trading on the NYSE Friday, December 21, 2012 under the ticker symbol "RIOM".

AuRico Gold plans to buy back USD$300mn in shares

Leading Canadian gold miner flush with cash following disposal of Mexican assets

Mexico’s copper output suffers biggest single-month drop in 2 years

The fall was caused by lower prices and slowing demand from major copper consumers like China, says Gonzalo Fernandez, an analyst with Grupo Santander.

Belo Sun increases measured and indicated resources to 4.1 million ounces of gold plus inferred resources of 2.8 million ounces of gold at Its Volta Grande gold project, Brazil

Measured and indicated resources were raised to 4.1 million ounces of gold plus inferred resources of 2.8 million ounces of gold at the company's Volta Grande gold project, Brazil.

Big pit, big bonus: Codelco gives every Chuquicamata worker $35,475

The $6,334 interest free loan and 3.7% wage hike will also come in handy.

Chileans divided over value of Barrick’s water fund

When it comes to its $8.5 billion Pascua Lama project, 2012 was not a great year for Canada’s Barrick Gold.

First Quantum seeks to create world’s biggest copper producer with hostile Inmet bid

Inmet shareholders approached directly with sweetened deal