Latin America Mining News

Canadian gold miner Petaquilla rejects Inmet’s $112 million bid

Petaquilla Minerals Ltd. (TSX:PTQ) has rejected as inadequate an unsolicited, a $112-million takeover bid for the company by Inmet Mining Corp. (TSX:IMN), which operates a gold mine adjacent to Petaquilla’s Molejon project in Panama.

Global consulting firm The Highland Group opens Americas Mining practice

The Highland Group, a leading global business consulting firm, today announced the formal establishment of its Americas Mining Practice.

Vale seeks $500 million IADB financing for potash project

Brazilian giant miner Vale (NYSE: VALE) is about to close a $500 million loan agreement with the Inter-American Development Bank (IADB) for its Rio Colorado potash project in Mendoza, Argentina.

Vale kicks off copper production at Zambia mine

Brazil's Vale (NYSE:VALE) announced it has started producing copper concentrate at its Lubambe mine in Zambia.

World's biggest copper mine to make inroads underground

The Chuquicamata mine in Chile - the world's largest open cut copper mine, will commence underground operations after nearly a century of open-cut production.

Osisko reaches record Q3 gold production

Canadian gold miner Osisko (TSX:OSK)(EWX.F) achieved record third-quarter gold production at 103,753 oz. from its Malartic mine, in Quebec – a quarter-on-quarter increase of 12.77%.

Investors salivating over Aurico payout after it offloads Mexico properties for $750 million

AuRico Gold shot up 21% on Wednesday on massive volumes, after announcing it has offloaded a mine and two exploration projects and sold half of a development in Mexico to a local company.

Lumina Copper not ready for a takeover this year

Canadian Lumina Copper Corp. (CVE:LCC) fell 8.5% Tuesday after the company hinted its expected sale will have to wait as it plans to carry a study at its Taca Taca massive copper/gold/molybdenum deposit in Argentina.

Vale freezes operations at two plants due to falling steel demand

Brazil’s mining giant Vale (NYSE: VALE) will temporarily halt operations at its São Luís and Tubarão I and II pellet plants starting October 8 and November 13 respectively.

Mariana Resources takes a stake in promising gold project in Peru

Australia-based Mariana Resources (LON:MARL) (TSX:MRY) , an exploration and development company focused in southern Argentina and Chile, announced Thursday it signed a Letter of Intent ("LOI") with Canadian junior Condor Resources to explore a gold deposit in northern Peru.

Chile’s appeals court to hear injunction request against Barrick’s Pascua Lama

A Chilean appeals court has accepted a request for an injunction against Canada’s Barrick Gold (NYSE, TSX: ABX) and its Pascua Lama project, filed by a group of northern natives in conjunction with the local government’s environmental evaluation committee.

Xstrata increases copper and silver reserves at Argentina's El Pachon project

Xstrata Copper announced Wednesday a significant increase to the mineral resource estimate at El Pachón copper and silver project in San Juan Province, Argentina.

Chile’s deputy mining minister 'quits' after lithium fiasco

Chile's deputy mining minister, Pablo Wagner, resigned a day after the government decided to revoke the lithium mining concession awarded to a local company last week, acknowledging problems with the tender process.

Bolivia’s Colquiri mine to restart operation after historic agreement

The rival groups of Bolivian miners fighting over control of the Andean silver, tin and zinc Colquiri mine, reached an agreement over the weekend that was qualified as “historic” by Government Minister Carlos Romero.

Quest for gold in Latin America brings riches and conflict

Steadily high prices for gold are having a dramatic impact on parts of Latin America, bringing a flood of foreign investment and stirring a gold bug among wildcat miners in the jungles.

Bolivia's silver mountain on the verge of collapse

The Spanish may not have found El Dorado, the city of gold, but they certainly hit the jackpot when they landed in what is today the Bolivian city of Potosi, home to “Cerro Rico” or Rich Mountain, one of the largest silver deposit ever known in history. But experts are warning the place, which still hosts silver mining, is about to collapse.

Toyota tries on the mining helmet: buys lithium deposit in Argentina

Toyota, one of the leading automakers in the world, bought this week a 25% stake in Salar de Olaroz lithium and potassium project in Argentina to ensure supply for it growing electric cars division.

Latin America poised to become uranium superpower

Uranium exploration and production is on a fast track in Latin American, as investors begin to realize that a few small-cap companies are controlling deposits that could be worth billions of dollars.

Risks for oil and mining companies rising in Colombia – report

Colombia's booming mining and oil industries are likely to be the centre of terrorist attacks over the coming months as soldiers and guerrillas fight on the battlefield, while their delegations hold peace talks to end the country's half-century-old conflict.

Colombia renews controversial mining contract with BHP

The debated contract, that has Colombian authorities divided over the terms under which BHP Billiton should operate the Cerro Matoso nickel mine, found a momentary solution this week after the government decided to extend the mining deal until 2029.

McEwen starts production at gold mine in Mexico

McEwen Mining Inc. (NYSE:MUX)(TSX:MUX) announced that El Gallo Phase I in Sinaloa State, Mexico has achieved its first gold production.

Divisive contract to exploit Lithium in Chile granted to local SQM

Chile’s Chemical and Mining Society (SQM), the world’s largest lithium producer, has won a tender to develop a lithium concession in the country, which produces nearly 40% of the increasingly popular metal.

One dead in clash near Barrick Peru mine, operations halted

Canada's Barrick Gold has temporarily suspended operations at its Pierina mine in Northern Peru after violence between a nearby community and police left one person dead and four seriously injured.

Tahoe reports civil unrest from outsiders at its Guatemala’s Escobal silver mine

Vancouver-based Tahoe Resources Inc. said Wednesday construction activities on the power line for the Escobal silver project in Guatemala were disrupted by a mob intent on forcing the company to end construction.