Latin America Mining News

Glencore to spend $956M to increase stake in Peru's largest zinc producer

The company will pay between $531 million and $956 million depending on the offer's level of acceptance by Volcan shareholders.

Why lithium, why now?

A global energy transition is underway, with lithium-ion as one of the leading energy storage technologies for both handheld technology and electric cars.

Mandalay Resources mothballs Cerro Bayo mine in Chile

Operations have been suspended since a June 9 incident that flooded the mine, killing three workers.

Rio Tinto back on track to haul iron ore in driverless trains in 2018

Staff sitting hundreds of km away oversaw successful pilot run.

Denver Gold Forum 2017 concludes with record activity

As the world’s premier precious metals equity event, the Gold Forum attracted 1,000 attendees who conducted a record 3,900 meetings.

Chile's Colbun awarded contract to build Latin America's largest wind farm

The contract includes 8,000 hectares of federal lands in the northern region of Antofagasta, and will require an investment of nearly $1 billion.

Chile sees no obstacle to Albemarle request to hike lithium output cap

Albemarle said it could invest $1-billion in Chile over the next 5 years if request to the government to let it extract 125,000 tonnes per year is approved.

How iron carbonates help form diamonds

Scientists say that under the peculiar conditions present deep in the Earth's mantle, iron carbonates can play a role in forming diamonds.

Brazil’s president revokes decree allowing mining in Amazon

It would have opened up for mining a vast national reserve in the country’s Amazon, larger than the size of Switzerland.

BHP says 2017 a ‘tipping point’ for electric cars

Arnoud Balhuizen, head of marketing at BHP, said the impact of the looming electric vehicle boom for raw materials producers would be felt first in the metals markets and only later in oil.

Copper claws back lost ground after four-day run lower

Copper rose on Tuesday, snapping four straight days of losses as a rally in oil prices to more than two-year highs boosted commodities more broadly, and on longer-term expectations that demand will grow and supply remain constrained.

PotashCorp hires banks to lead sale of stake in Chilean lithium producer

Rumours point at US chemical company Albenarle Corporation as the first potential buyer for PotashCorp interest in SQM, worth about $4.5 billion.

Global Mining Investment Conference Series to debut in Argentina, the only stop in South America

The global mining conference will be held in Buenos Aires, Argentina from 15 – 16 February 2018.

Aluminium producer Norsk Hydro warns of Brazil bauxite shortfall

The Mineracao Rio do Norte (MRN) bauxite mine is experiencing problems with its tailing systems due to a water shortage caused by dry weather.

Brazilians toil for gold in illegal Amazon mines

A look into the work experiences, lives, and health risks of garimpeiros, illegal Brazilian gold miners.

Anglo’s plan to further expand vast iron ore mine in Brazil hits roadblock

Public prosecutor for the state of Minas Gerais, where the iron ore mine is located, ordered the company to reschedule two public meetings as it had failed to inform of it to all communities potentially affected by the planned expansion.

Brazil's Votorantim Metais files for New York, Toronto IPO

Brazil-based mining company Votorantim Metais Holding SA filed on Thursday for an initial public offering in New York and Toronto, to tap into a wide base of investors betting on a long-term recovery in zinc, copper, lead and silver prices.

Iron ore price craters

Benchmark price down 7.4% on Thursday.

Miner Hochschild boosts hunt for acquisitions — executive

Company is doubling down on efforts to find early-stage mining projects to acquire and is open to deposits that depart from its focus on silver and gold.

Indian billionaire Agarwal to be Anglo American’s top shareholder

He intends to buy as much as 1.5 billion pounds (about$2 billion) worth of additional Anglo American shares.

Giant Peru copper project attracts first bidder

Peru is auctioning off the $2 billion Michiquillay copper project in the northern region of Cajamarca on November 15.

BHP Billiton Foundation launches two new transparency projects

BHP Billiton Foundation announced Tuesday its financial support for two new global projects launched at an event held in Washington DC.

Peruvian farmer sues Newmont in US court over alleged use of violence, threats

Acuña and her family claim the company used violence and threats to try to evict her from her home and so make way for its $5 billion gold and copper Conga project.

BHP’s shareholders to vote whether firm should leave Australia’s top mining lobby group

Investors to vote on the two resolutions submitted ethical investing group ACCR at BHP’s annual general meeting in London in October.

Brazil's Vale to meet debt target before implementing new growth plans – exec

The company is also interested in investing in the electricity sector itself or through a joint venture.