This is a big deal as Chile is the fourth largest silver producing country in the world.
Latin America Mining News
These 5 trends will boost copper demand
Increasing demand for efficient building systems, electric vehicles and renewables generation could add more than 4 million tonnes of annual copper use by 2030, a study shows.
BHP’s Mackenzie, Elliot Management face off
US activist investor steps up pressure on BHP to ditch petroleum. Mackenzie says company already knows what to do to lift value by 50% and double return on capital.
Teck dam deal brings giant Chile copper project in focus
Report says $1.2B hydro sale could provide Vancouver-based company the cash cushion to decide on 270,000 tonnes a year Chile copper mine expansion.
Chinalco wants to be sole owner of world’s largest iron ore deposit
Move comes barely seven months after Rio Tinto agreed to sell it its stake in Simandou for up to $1.3 billion.
BHP ditching 'Billiton' in $10 million rebranding move
Move comes on the heels of calls from shareholders including activist investor Elliott Management and Australia’s Tribeca Investment Partners for a change of BHP's corporate structure.
Eldorado to take full control of Integra Gold as its expands to Canada
Move is part of an ongoing effort to strengthen its position in the home country, particularly around the gold-rich Eastern Abitibi region, in Quebec.
Iron ore to hit $44 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 evidence of Chinese demand cooling earlier than expected.
Continental surges 33% after securing $134m for Colombia gold mine
World number two gold miner Newmont takes 20% stake and private equity giant Red Kite 5% in Toronto junior.
Global silver output falls for first time in 14 years
Global silver production dropped last year for the first time since 2002 driven by lower by-product output from the lead/zinc and gold sectors, as well as a sharp decline of scrap supply to the market.
KGHM says phase two of Sierra Gorda copper mine in Chile will never happen
The Polish company, Europe's second-largest copper producer, said that given current macro conditions the plan had lost sense.
Colombia calls governments to stop ‘blood gold’ trafficking
The country has taken a page out of the diamond industry’s books by calling for international regulations aimed at cutting the amount of illegally-mined gold entering mainstream markets.
GoldMining to buy Yellowknife Gold Project, property
The Vancouver-based miner has inked a deal to acquire 100% of the Yellowknife Gold Project and nearby Big Sky Property, both located in the Northwest Territories, Canada.
BHP Billiton puts Cerro Colorado copper mine in Chile on the block
Workers temporarily blocked access roads to the site in protest for the decision, which they say will inevitably bring a massive wave of layoffs.
Argentina to pass new mining law this week
Governments, industry players, unions expected to sign federal mining agreement this week, which aims to double investment in the sector to $25bn in eight years.
Barrick may face 'negligence' charges over latest spill at Veladero — report
Local judge says the company failed to complete improvements that could have prevented the latest cyanide spill, the third such accident in less than 18 months.
Illegal gold mining fuels violence in Colombia
Antioquia has been the heartland of the Colombian gold trade since colonial times, when Spanish conquerors came in search of the mythical El Dorado.
Deal avoids strike at Collahuasi
A deal between workers and the companies that own the Collahuasi copper mine in northern Chile could mean labour peace at the often-picketed mine for the next three years.
Iron ore free fall wreaks havoc with main producers
It’s been a bad week for iron ore, with all indices steeply lower on Friday for a second consecutive day.
Save the jaguars! Ross Beaty gives $5 million donation
Jaguars in eight countries have Vancouver mining magnate Ross Beaty and his family to thank for helping preserve habitat corridors.
B2Gold has strong start with eye on Fekola for Q3
Mid-tier gold producer B2Gold (TSX:BTO) has had an excellent start to the year, producing more gold at lower costs than expected from its four mines in the Phillippines, Namibia and Nicaragua.
Newmont Mining receives top mining industry safety certification
The National Mining Association (NMA) today recognized Newmont Mining Corporation for receiving independent certification under its CORESafety® system.
Tahoe gets 15% share flip on record quarterly cash flow
It produced 5.7 million ounces of silver from Escobal, the third largest silver mine in the world – a 17% increase from the previous quarter.
Peruvian Supreme Court rules against Newmont
The Supreme Court of Peru has ruled in favour of a farmer that Newmont Mining (NYSE:NEM) claimed was illegally occupying land it wanted to develop into the Congo mine.
South32 buys stake in Canada’s Arizona Mining for $81 million
The Perth-based miner has agreed to purchase 45 million shares of the Canadian junior at a price of $2.45 per share, or about 15% of Arizona Mining’s outstanding shares.
