Latin America Mining News

Fresnillo falls as it cuts full-year silver output guidance again

The miner, which is the world's largest primary silver producer and Mexico's second largest gold company, revised silver output guidance down to between 62 million ounces and 64.5 million ounces from a range of 64.5 million to 67.5 million earlier.

Cerro Matoso owes Colombia more than $56M in royalties

The mine applied incorrect discounts to its royalty payments over several multi-year periods.

Lithium giant's wobble shows meeting demand growth not so easy

SQM revealed a five-week delay in a project to increase annual capacity.

Newmont’s Merian mine hits 1 million ounce milestone

Merian has an estimated mine life of 15 years and is exploring on other parts of the property.

B2Gold completes expansion study for El Limon mine

The expansion is seen as a step in the right direction for BTO to hit its long-term 1 million oz. per year target.

Anglo will dig more platinum and diamonds than expected

While prices remain stagnant and demand uncertain, the company is churning out more stones than at any other time in the past decade.

China's alumina exports in September surged to their highest level this year

Figure is fivefold increase from August, up 3,400% y/y

Jacobs to sell energy unit to WorleyParsons for $3.3B

The deal is part of Jacobs’ strategy to optimize its portfolio with a focus on higher-growth, higher-profit infrastructure and commercial projects - CEO

Strike at Shougang's iron ore mine in Peru halts exports-manager

Some 800 workers, including at the port San Juan de Marcona, have taken part in the indefinite strike after negotiations over a new contract broke down.

Brazilian pension fund Previ won't sell Vale shares before year end- CEO

Previ intends to reduce its stake in the miner over the medium-term.

China's winter pollution cuts may boost high-grade iron ore

The logic is sound: If steel mills are given pollution restrictions, they will use the best possible quality iron ore to maximise the amount of steel produced relative to the energy consumed.

Nutrien says SQM top shareholder seeking to block Tianqi deal for ‘personal benefit’

Nutrien’s executive vice-president Michael Webb, described Julio Ponce, the Chilean miner’s top shareholder and former chairman, as a “hypocrite” and urged him to “look beyond himself."

Glencore boss Ivan Glasenberg to retire in 3-5 years — report

He is said to have already begun training three to four people to succeed him in the job.

New PEA suggests Ascendant could reduce operating costs at El Mochito

Ascendant is in the middle of a 30,000 metre infill drill program at El Mochito as it tries to increase mine life and reserves.

Hudbay Minerals investor calls special shareholder meeting

Private equity firm Waterton Global Resource Management, which now owns about 7 percent of Hudbay, called meeting after the Canadian base and precious metals refused a proposal for board changes.

China's Shandong Zhaojin seeks South American mining assets

The company has set up a representative office in Machala, capital of Ecuador's El Oro province, historically a gold-producing region, and will use this as a base to participate in South American projects.

New massacre in Venezuela's Mining Arc

Criminal groups fight to gain control of gold mines.

Freeport eyes majority stake in Solaris early stage Chile project

The US miner has agreed to a deal that would give it up to 80% in Solaris' Ricardo property.

Hudbay investor is said to seek changes to miner's board

Waterton Global Resource Management has expressed its concerns to Hudbay Chairman Alan Hibben, telling him that it would reserve the right to do anything it deemed necessary to improve the company’s performance, said sources.

Chilean govt to seek international arbitration over Albemarle contract

Albemarle failed to make a "serious" offer for its annual production capacity to be provided at a discounted rate - Corfo

Hochschild Mining raises annual production target

Hochschild Mining Plc on Wednesday raised its annual output target and forecast lower mining costs, as its Inmaculada mine in Peru produced higher grade ore.

Anglo American ‘encouraged’ by drilling results from copper asset in north Brazil

The company's chief executive in Brazil talked about “very promising” drilling results at property located on the edge of the Amazon rainforest.

Codelco submits $1B plan to extend Salvador mine life beyond 2021

The Rajo Inca project would convert the existing asset, which has been in operation since 1959 and is due to run out of ore in 2021, to an open pit mine from an underground one.

Vale sees possible Samarco restart in 2020, BHP uncertain on date

Samarco, a joint mining venture between Brazil's Vale and BHP Billiton, could resume production at a third of its capacity at the beginning of 2020.

Copper smelter hits cause physical squeeze in Asia

The copper market is currently experiencing a squeeze on physical metal which is unexpected.