Latin America Mining News

Zacatecas governor welcomes reopening of Grupo Mexico's mine after 11-year strike

The provincial authority issued a statement after learning that the reopening of the mine will create 3,600 jobs.

Mexico's next leader says NAFTA deal preserves energy 'sovereignty'

"It was established that Mexico's oil and natural resources belong to our nation," López Obrador said.

Chile's miner Codelco makes new offer to striking Andina workers

More than 80 unionized workers of the Plantas de Andina union went on strike a week ago.

KGHM to go ahead with $2bn expansion of Sierra Gorda copper mine in Chile

Expansion and upgrades would extend the mine’s life by 21 years.

POSCO to buy lithium mining rights in Argentina from Galaxy

The $280-million deal gives POSCO a package of mining tenements for 17,500 hectares of land in the northern area of the Salar del Hombre Muerto salt flat in Argentina.

Vale's iron ore output will rise only if prices increase -CEO

Fabio Schvartsman said the company would ramp up annual production to 450 million tonnes only when prices rise.

Chile’s lithium giant SQM sees prices falling further this year

But the world's second largest producer said they will remain higher than the average reached last year.

Brazil's Usiminas seeks to sell stake in miner Musa

Brazilian steelmaker Usiminas has hired Banco BTG Pactual SA to sell its 70 percent stake in its mining company.

Chile says to clamp down on water rights in lithium-rich Salar de Atacama

Chile is preparing major new restrictions on the extraction of water from the lithium-rich Salar de Atacama salt flats, home to top lithium miners Albemarle and SQM.

Gold output in key countries to slump to ‘generational’ lows — report

Bullion production grew for nine consecutive years to reach an all-time high in 2017.

Two people dead in mining accident in central Colombia

The provincial Secretary of Mines said that eight people have died in similar conditions this year.

World mine copper production up 5.7% in the first five months of 2018

Help from Latin America and Southeast Asia.

Brazil's Samarco mine unlikely to restart in 2019 -BHP

There is little likelihood that Brazil's Samarco iron ore mine, a joint venture between Vale SA and BHP Billiton, will restart operations next year even though it expects to have all of the required licenses.

Chile economy posts biggest jump in growth in six years

Chile's gross domestic product grew 5.3 percent in the second-quarter of 2018 which is its biggest jump in nearly six years.

Chile's Antofagasta expects more copper price volatility -media

Ivan Arriagada, chief executive of Antofagasta, said he expected copper prices to be affected by global uncertainty.

Lithium price: Chile giant’s scorched earth strategy

Playbook follows success in the iodine market

JX Nippon Mining, Mitsui dodge strike at Chile's Caserones mine

Main mine union accepted an adjusted contractual offer, which marks the end of the negotiation process and removes the threat of a strike.

S.Africa's Gold Fields posts flat H1 profit as Chile costs bite

HEPS for continuing operations remained unchanged at $0.08 per share for the six months ended June 30, 2018 compared with the same period last year.

Copper price: BHP averts strike at Escondida

After a near 5% drop on Wednesday, news that a strike had been averted at the world's largest copper mine put a cap on hopes of a recovery for the bellwether metal.

The battery boom could end up burning some investors

Some of the latest battery technologies may become obsolete before reaching the market because of the breakneck pace of advances in the industry.

Chile's Escondida mine, union will talk longer; hope to avert strike

If company and union leaders reach a consensus, the mediation would be further extended for several days so the 2,459 workers can vote to accept or reject the new offer.

Miner Antofagasta's H1 earnings fall, trade tensions cloud demand outlook

Chilean copper producer Antofagasta said first-half core earnings fell 16.2 percent from a year earlier.

Columbus Gold to buy 70% stake in Maripa project from IAMGOLD

The project is made up of five contiguous exploration permits and has a historic gold production of around 40,000 ounces of gold, mined between 1985 and 1996.

China's Ganfeng grabs SQM's stake in Argentinean lithium project

The $87.5-million deal is the latest Chinese acquisition of a lithium project in South America, following Tianqi Lithium’s decision to buy 24% of SQM for $4.1 billion, which has not yet been approved by Chile’s antitrust regulator.

Lithium boom unlikely to disrupt potash market — analyst

While lithium and potash are often found in the same deposits and mined together, the increasing number of projects aimed at producing the white metal shouldn’t have an impact in the potash market.