Latin America Mining News

Ritchie Bros. breaks records in Mexico auction

Vancouver-headquartered Ritchie Bros. Auctioneers (NYSE and TSX: RBA) set multiple records at its first Mexico national auction held in Polotitlan, State of Mexico, on March 28 and 29.

Doe Run submits new proposal to Peru’s Government to restart operations at La Oroya

Peru's Minister of Energy and Mines Jorge Merino Tafur said the government is working hard on creating social programs for the communities and towns of La Oroya, which has been severely affected by the closure of Doe Run’s metallurgical complex three years ago.

Baja Mining shareholders vote to keep the current board

"We thank shareholders for their support during this unnecessary proxy contest, which has been challenging, costly and disruptive for Baja," said John Greenslade, President and CEO of Baja. "We also caution that strong shareholder support may again be needed at the upcoming Annual General Meeting."

Newmont could restart $4.8 billion Conga before June

President Ollanta Humala’s administration wants the the South American nation's highest court to throw out an ordinance by the region of Cajamarca banning work on the $4.8 billion copper-gold project.

HudBay says Constancia copper mine will cost $1.5 billion

Canadian base-metals miner Hudbay Minerals (TSX:HBM)(NYSE:HBM), rose the capital cost estimated of its giant Constancia copper project in Peru by about 50% to $1.5 billion, mentioning both scope changes and inflation as reasons.

Argentina to establish first protocol on mining social responsibility

The creation of the world’s first national protocol on sustainable and socially responsible mining was discussed at a meeting held in Argentina last week, called by the government of president Cristina Fernandez.

Gold blossoming in Colombia: Paul Harris

Impressed by Colombia as a country and as a setting for exciting mining and geological opportunities, Paul Harris relocated from England, by way of Chile, and hasn't looked back. In an exclusive interview with The Gold Report, the publisher of the Colombia Gold Letter offers hope for the near future.

Ecometals gives Condor Gold buyers more time to come up with money. And not for the first time

Ecometals Limited announced after the market close on Friday that is has been forced to give Ecuador Capital Corporation more time to come up with a final payment of $1,750,000 for its Condor Gold Project in Ecuador.

Oй! White Tiger misses deadline to submit financials, says struggling to account for Century buy

White Tiger Gold (TSX:WTG) is worth only one-tenth of what it was last year and news out late on Friday will do little to restore investor confidence in the Canada-Russia gold miner.

Lithium One announces merger with Galaxy Resources Limited valued at approximately C$112 million

Galaxy has spent the last 18 months searching the world for a high quality, undeveloped lithium brine deposit and we believe Lithium One's Sal de Vida lithium-potash project in Argentina fits that criterion. The Sal de Vida brine chemistry is highly favourable, with high levels of lithium and potash and low levels of magnesium and sulphate impurities.

Uranium Energy Corp Closes Acquisition of Cue Resources Ltd

Uranium Energy Corp ("UEC" or the "Company") (nyse-amex:UEC) and CUE Resources Ltd. ("CUE")CA:CUE 0.00% are pleased to announce that UEC's acquisition of CUE by way of a plan of arrangement (the "Transaction") has closed, effective at 12:01 am on March 30, 2012.

ABB wins major grinding drive systems order for Cerro Verde expansion in Peru

ABB, a power and automation technology group was recently contracted to supply gearless mill drives (GMDs) for six ball mills and twin-drive systems for eight high pressure grinding rolls (HPGRs) at Cerro Verde copper mine in Peru.

Baja slides 5% after Boleo update tells of escalating fuel, material and labour costs

Baja Mining (TSX:BAJ) shed 5% on Wednesday on higher than usual trading volumes, after releasing an update on its Boleo copper-cobalt-zinc project in Mexico.

Baja Mining provides update on Boleo Project

At the end of February 2012, construction was 37.2 percent complete with 2,362 people working on the project. We have completed more than 5.8 million cubic meters of earthworks and poured 39,839 cubic metres of concrete. We have commenced erection of structural steel. Marine terminal construction is also on track, with 67 of 180 piles driven to final acceptance.

Thousands of Guatemalan farmers protest mining projects

Thousands of indigenous farmers protest in Guatemala City against mining and hydroelectric projects close to their villages. This is the first march of aboriginals during the government of Otto Perez, who assumed on January 14, for a period of four years.

Barrick, Goldcorp holding breath as Canadian court poised to decide El Morro ownership

The two largest gold companies are bracing for a Canadian court's decision on who owns the massive El Morro copper-gold deposit in Chile.

Canadian silver company denies involvement in murder of Mexican activist

A Canadian company operating a silver mine in Mexico says it is not in any way linked to the recent murder of an anti-mining activist as alleged by human rights activists.

Lumina steps-up drilling after step-out holes hit more copper, gold, moly in Argentina

Lumina copper hits its longest copper-gold-moly intercept to date and, more importantly, it sees significant mineralization in wide step-out drilling.

Geologix Explorations Inc.: New Tepal Resource Estimate Increases Measured & Indicated Tonnes by 324%

Geologix Explorations Inc. ("Geologix", the "Company") (TSX:GIX)(FRANKFURT:GF6)(BERLIN:GF6)(MUN:GF6)(STUT:GF6) is pleased to announce an updated resource estimate for its Tepal Project in Michoacán State, Mexico which incorporates the results from drilling 41,247.5 metres ("m") at the North, South, and Tizate zones during 2011.

La Mancha's measured and indicated resources more than double to 4.8 million ounces of gold equivalent

Dominique Delorme, President and CEO of La Mancha, noted: "Having quadrupled our resource base to nearly 5 million ounces of gold equivalent since 2007, it is exciting to see that this appears to only be the beginning, as we are just starting to scratch the potential at our Hassaï property, where nine more VMS targets remain to be explored."

Tax burden on special lithium contracts in Chile to represent 50% of profits

The tax burden for companies taking part in bidding processes for special lithium contracts in Chile will represent 50% of their profits, deputy mining minister Pablo Wagner told BNamericas.

Knight Piésold to open office in Colombia

Knight Piésold Consulting, an international engineering and environmental consulting company, is pleased to announce the appointment of Mr. Andrew Markle as Regional Manager of Knight Piésold Consultores S.A.S., Knight Piésold’s operations in Colombia.

Aquila and Vale take a break on coal sales dispute

A legal clash between Brazilian mining giant Vale (NYX:VALE) and Australia's Aquila Resources (ASX: AQA) has taken a step towards resolution this morning after the companies announced they’ve reached an agreement on coal shipments from their co-owned Isaac Plains mine in Queensland.

Chile's copper mines operating normally after major earthquake

The country's leading copper miners, Codelco and Anglo American, say operations are normal and there was no serious damage after the 7.1 magnitude earthquake that hit central Chile on Sunday.

Chile’s mining industry hunts for renewable energy

As oil prices continue to rise, and nations around the world look for ways to weather an energy crisis, Chile is turning to one of its own best renewable resources – solar energy – to supply much needed power.