Latin America Mining News

Iron ore king vows to protect market from days of boom and bust

Fabio Schvartsman is pursuing a disciplined approach, keeping tens of millions of tons in the ground each year to prevent another painful glut.

Tía María copper project gaining legitimacy in Peru: exec

Southern Copper’s Manager of Technical Services said that the company has been able to knock down previous resistance from local communities.

China tightens grip on global battery metals with Chile deal

Chengdu-based Tianqi is seeking to almost triple production capacity through 2020.

Argentina's official glacier inventory reveals extensive mining impacts at controversial projects

The glacier inventory is now the most authoritative document indicating where the no-go zones are for mining.

It's time to regulate the lithium cartel

There is an emerging oligopoly in one of the hottest elements on the periodic table, lithium.

China's Chilean entry raises doubts about lithium price outlook

SQM shares plunge after Tanqi Lithium acquisition seems to indicate cooling fervour for lithium assets.

IEA: high oil prices "taking a toll" on demand

Geopolitics has taken over the oil market, driving oil prices up to three-year highs.

China’s Tianqi Lithium buys minority stake in SQM for $4.1bn

The Asian firm has bought a 24% stake in Chile’s Sociedad Quimica y Minera (SQM), one of the world’s biggest lithium producers.

Anglo close to selling part of stake in giant Peruvian copper project

Quellaveco is one of the world’s largest untapped copper orebodies and Anglo’s board is set to decide later in the year whether or not to green-light development of the $5.5bn mine.

Yamana begins gold and silver production at Cerro Moro mine in Argentina

Commercial production is expected in the second quarter of the year.

BHP faces shareholder class action over Brazil mine disaster

Australian law firm Phi Finney McDonald alleges BHP knew the dam was at imminent risk of breaking but did not tell markets.

Chile copper mine Sierra Gorda closes following fatal accident

Roberto Venegasa, an employee of equipment supply firm Finning, died during routine maintenance work at the mine, the company said.

Argosy seeks project financing for Argentina lithium site through pilot sales -exec

Argosy's Rincon project in northern Argentina will start producing 500 tonnes per year of lithium carbonate equivalent (LCE) next month.

Rio Tinto says climbing costs, resource nationalism once again big threats

Chief executive Jean Sebastien-Jacques said the challenge for the industry is to ensure the benefits from the past frugal years are not lost against a backdrop of rising oil prices and increased political risk.

Barrick signs 10-year gas supply deal to make Dominican mine greener

Converting the power plant that feeds the Pueblo Viejo mine from heavy fuel oil to natural gas is expected to reduce the operation’s average cost of sales and all-in sustaining costs by about $54 per ounce.

Argentina luring Australian investors into its mining sector

The Deputy Secretary for Sustainable Mining is scheduled to meet with executives from Australia's largest mining companies and banks.

Gold miner in Honduras must stop exhuming bodies from cemetery – lawyer

The Honduran subsidiary of Aura Minerals has angered the citizens of the town of Azacualpa by removing over 350 corpses from a cemetery to make space for its San Andres open-pit gold mine.

Votorantim swings to profit on higher metal prices

Votorantim said profit was also boosted by sales growth in its aluminum and cement businesses.

Chile’s Caserones copper mine a pain in the neck for Japanese owners

The mine, behind schedule ever since it began producing in May 2014, has been affected by a series of technical problems in its ramp-up phase, costing its owners hefty impairment charges.

Canadian junior to acquire gold-silver project in Mexico

Megastar Development wants to buy the Rama de Oro project located in the state of Oaxaca.

Mexico greenlights First Majestic’s $320 million-acquisition of Primero

The approval was the final government agency’s permission the parties required to close the deal.

Nutrien speeds up sale of $4bn-stake in Chilean lithium giant SQM

The world’s largest potash miner said it expected to have an announcement on the matter by the end of June.

Private firm takes on Codelco for control of Chile lithium deposit

Australia's Lithium Power International and Canada's Bearing Lithium have sued Chile to block state-run Codelco from exploiting a lithium deposit where both have claims.

Gold to remain influenced by political uncertainties and geopolitical risk around the world

Political uncertainty, including Brexit negotiations, along with ongoing tensions in the Middle East will remain gold’s key drivers.

Antofagasta shares, half-year production hit by Los Pelambres pipeline blockage

The miner said it would take up to three months for stocks to return to normal, which will affect both projected output and sales in the six months ending June 30.