Latin America Mining News

Czech mining industry pins hopes of revival on lithium

The European country holds between 1.2 to 1.4 million tonnes of lithium, located mostly around the tiny village of Cinovec, on the border with Germany.

Fresnillo silver output up almost 11pct in first quarter, but gold falls

The firm, the world's largest primary silver producer and Mexico's second-largest gold miner, said output of the grey precious metal hit 13.5 million ounces in the quarter.

BHP puts US shale assets back on the block amid investors pressure

The miner said decision was unrelated to Elliott Management's call earlier this month to unlock shareholder value by spinning off about $22 billion of BHP's US oil assets.

Iron ore to slide below $46 a tonne by 2021 — analysts

BMI Research expects prices to continue sliding for at least the next five years on rising supplies from Australia and Brazil and expectations for a surplus.

Barrick shares hammered after slashing production guidance

Ongoing problems at its Veladero mine in Argentina following spill.

Newmont lifts gold production by 9%

World number two gold miner increases output to 1.23m ounces in the first quarter – Ghana expansion will add more ounces from next year.

More iron ore comes to the market as Anglo’s output soars in Q1

Both iron ore and diamond output rose in the first quarter thanks to a continued ramping-up of the company's Minas Rio mine in Brazil and improvements in the gem market.

Strike at Escondida hurt Rio Tinto copper output

Production for the first three months of the year slumped 37% compared with the same period of 2016.

Vale’s iron ore output just hit another record

Production of the steelmaking raw material jumped 11% to 86.2 million tonnes in the January-March period, compared to the same quarter a year earlier.

Goldcorp begins friendly $247 million takeover of Exeter

Exeter shareholders will receive 0.12 of a common share of Goldcorp for each they have in the junior — that's a premium of 67% based on the part's closing prices on the day prior to the announcement.

Minjar Gold attempt to grab Barrick’s stake in Super Pit falls through

The firm, a unit of Shanghai-listed Shandong Tyan Home, reportedly walked away from the deal due to recent tightened controls in China on outbound investment.

Recent Escondida strike may push Chile into recession

Analysts believe that would increase the chances of the country joining Latin America’s ongoing political drift to the right in November’s elections.

Ecuador mining industry to grow eightfold by 2021 — report

Experts believe the value of the nation's dawning industry is set to jump from $1.1bn this year to $7.9bn in 2021 on a combination of revised regulatory framework and significant gold and copper reserves.

Iron ore price collapse wipes billions off top mining stocks

Another 5% iron ore price drop Tuesday slashes $30 billion from top 5 producers' market value in one month.

South32 drops $200 million plan to buy Peabody coal mine

The miner said it was unwilling to take the steps required to satisfy Australian steel makers to get the approval of the transaction, which would have its major deal since spinning off from BHP in 2015.

Thousands of balls to counteract drought effects at mining sites

To prevent liquids from evaporating, Exma proposes the use of a floating cover system composed of plastic balls

Iron ore price in free fall

Another gap down Monday brings one-month drop to 30%.

Plateau Uranium announces LOI for initial uranium offtake from Peruvian project

The deal with Curzon Resources could be the first potential sale of 7% the of future production from the Macusani project

GoldMining’s acquisition of La Mina to create massive gold-copper portfolio in Colombia

GoldMining announced the acquisition of all outstanding common shares of Bellhaven and its La Mina Gold Project in Colombia

Peru’s copper output slightly up

The Ministry of Energy and Mines revealed that the country’s copper production rose by 5.42% in February

Gold bull McEwen says price rally has just begun

The founder of McEwen Mining and Goldcorp believes prices for the precious metal will reach $5,000 an ounce in a matter of years.

Chile’s Codelco sets up lithium subsidiary

The unit is expected to help speed up the approval of legislation that allows the exploration and exploitation of the country’s vast lithium deposits.

Golden Arrow and Silver Standard join forces in Argentina

Stars aligned for Golden Arrow when Chinchillas was ready to move to production and the company only had to look 18 miles down the road to Silver Standard's Pirquitas mine and its established production facility.

Copper production jumped by a million tonnes last year

But market was in small deficit according to study.

Mexican mines recording major gains in equipment reliability and reduced fuel usage

At an accelerating rate, Mexican mines are taking advantage of advanced simulation technology along with skilled people and proven process, from Immersive Technologies, to optimize their equipment operator workforce.