Latin America Mining News

Prospero begins drilling at Buenavista silver-gold project in Mexico

This is the fourth project to be drilled under the terms of a second round of strategic investment from Fortuna Silver Mines, announced in early May.

Gold Fields to set aside acquisitions, sees industry costs rising — CEO

The South African gold producer is setting aside pursuit of new acquisitions for a year as it focuses on its existing operations and nearby prospects instead, the bullion producer's chief executive told Reuters late on Tuesday.

Electric vehicles on the road to triple by 2020 — IEA

The number of electric cars, including battery-electric, plug-in hybrid electric and fuel cell electric passenger light-duty vehicles, increased by 57% in 2017 from the previous year.

Here’s what miners are getting wrong when it comes to digital transformation

While the global mining industry is quickly becoming more digitally mature, that transformation continues to focus on productivity and profitability, rather than on much needed innovation, a new study shows.

Brazil truckers strike having limited impact on Vale operations – CEO

The company will announce "organic growth" in the coming months.

Lithium Chile, a perfect storm

Mining lithium in the salars of Chile and Argentina is much more cost-effective than hardrock mining.

Australia's Galaxy Resources to sell tenements in Argentina to POSCO for $280 mln

The land is located in the northern area of the giant Salar del Hombre Muerto salt flat.

Avanco axes Brazil copper mine production over truck drivers strike

The company had warned last week that operations at the open pit mine would be affected by the strike, as fuel and consumables failed to be delivered to site, while road blocks on highways prevented sending output to port.

Newmont sells its royalty portfolio to Maverix Metals for $17 million, stake in the junior

Other than cash sum, the US miner is receiving 60 million Maverix common shares, representing a 28% stake in the Canadian company and warrants for an additional 10 million common shares.

Mexico violence hits Canadian silver miner's operations

Pan American Silver Corp became the latest company to curtail operations in Mexico due to rising violence and crime.

Canadian junior Millbrook aims to lead Cuba's mining pack

In late April, Millbrook Minerals became the first copper-zinc explorer to sign an International Economic Association (IEA) contract with Cuba's GeoMinera, becoming the first Canadian firm to sign a deal with the Island since the mid 90’s.

Copper king's gender push rings hollow with all-male board

Codelco just achieved a new, less enviable mantle -- the only major mining company with an all-male board and senior management team.

Chile's Codelco profits up slightly despite rising costs

Codelco chief executive Nelson Pizarro said a strong copper price in early 2018 had offset the impacts of rising production costs.

Chile's Piñera taps businessman Benavides as Codelco chairman

Benavides had previously led Falabella, one of Latin America's largest retailers with operations spanning department stores, supermarkets, malls and more.

Vale sees key mine topping iron ore output forecasts in 2018 -source

Brazilian miner Vale SA expects iron ore output at its premier S11D mine to reach 58 million tonnes this year.

In lithium hot spot, ghost towns recall another boom gone bust

While lithium today isn’t the linchpin of Chile’s economy (that would be copper), miners are aggressively expanding production.

Lithium price: Massive supply response gets underway

SQM, world no 3 lithium miner, plans to nearly quadruple capacity in fewer than three years – to the equivalent of 84% of global output last year.

Report: Mining needs $100–$150 billion to meet EV demand

McKinsey asks if the availability and rising prices of cobalt, lithium, copper and nickel will constrain greater electric vehicle penetration.

Southern Peru Copper Corporation mines for new project management efficiencies with Powerproject

SPCC has been processing copper and other metals in Peru since 1960.

Chile high court declines to weigh in on lithium spat at Maricunga

In a written decision, it said it was "the responsibility of the lower-court judge" who is reviewing the case and was not a constitutional issue.

Chile's SQM says will boost lithium capacity by 2021

Chilean miner SQM said on Thursday that it would invest $525 million to boost its lithium production capacity in Chile through 2021.

Mining companies still reluctant to tap Argentina deposits

Lack of clarity on environmental rules, overlapping federal and local taxes, and regulations that vary from province to province continue to loom over proposed mines.

Iron ore market dynamics are shifting beneath calm facade: Russell

Structural changes in the world's biggest importer, China, are re-shaping how the industry works.

Goldcorp says Peru and Nevada would make portfolio perfect

Goldcorp Inc. CEO David Garofalo says he’s happy with his company’s portfolio of assets, but that doesn’t mean he doesn’t have a wish list.

It’s not about scoring the big win, it’s about not backing losers

MINING.com discusses the state of private equity investment in mining with Michael Scherb founder of Appian Capital.