Latin America Mining News

Battery upsurge spurs quest to resurrect World War II cobalt mines

Chile, known for its vast copper deposits, is joining the search for cobalt amid soaring demand for a metal that’s mostly mined in the politically risky Democratic Republic of Congo, which holds 60% of the world's reserves.

Union at Chile's Caserones copper mine extends mediation with company

The main union at Chile's Caserones copper mine said on Monday that both sides had agreed to extend government mediation of labor talks until Thursday.

Brazil steelmaker Usiminas resumes some operations after plant blast

Brazilian steelmaker Usinas Siderurgicas de Minas Gerais SA will resume partial operations on Monday at its Ipatinga plant after an explosion injured 34 workers.

Chile braces for potential strike at Escondida copper mine

Chile's copper industry on Monday braced for the announcement of a potential strike at the world's biggest copper mine, Escondida.

First Majestic shares hammered after reporting $40 million-loss

It also recorded an impairment charge of $31.7 million, or $20.5 million net of tax, related to placing the La Guitarra mine on care and maintenance.

Auto industry’s use of lithium-ion batteries to grow seven-fold by 2025

The need to store electricity, generated by renewable energy sources such as wind and solar, will also help demand to grow, the Metal Bulletin says.

CSN hires Jefferies to sell assets in Portugal, Germany -paper

The Brazilian steelmaker is also seeking to close a streaming deal next week with a Canadian bank for its mining output in coming years.

Fate of Canadian gold miner in Uruguay uncertain

Orosur says that the scarcity of alternative sources of ore at its Uruguayan project is resulting in financial liquidity constraints.

Several people hurt in blast at Brazil steelmaker Usiminas' plant

Brazilian steelmaker Usinas Siderurgicas de Minas Gerais said said none of the injuries were severe.

Peru president expects lithium, uranium mining laws passed in 6 months

Peruvian President Martin Vizcarra says his government will likely pass laws within six months needed to tap a new lithium and uranium deposit, removing a major hurdle for Canadian miner Plateau Energy Metals' proposed $800 million mine.

Codelco goes ahead with scaled-back underground extension of Chuquicamata

The $4.9 billion-investment is part of Codelco’s 10-year, $39 billion overhaul of its core mines.

Venezuela told to give shares of Citgo parent to gold miner

A Canadian mining company can seize the shares of the owner of Citgo Petroleum Corp. to satisfy a $1.2 billion arbitration award over a Venezuelan gold mine.

Barrick ‘was almost dead’: Thornton pulls no punches on gold miner’s missteps

Barrick's plan going forward includes increasing its portfolio of so-called tier 1 assets over time, and gradually shedding anything that’s not tier 1 or deemed to be “strategic.”

MGX acquires lithium brine projects in Chile – rapid lithium extraction to be tested – drilling to commence shortly

MGX plans to drill and test for lithium deposits from CLS' three sites, Francisco Basin, Laguna Brava and Laguna Escondida, with the goal of bringing its rapid extraction system to the heart of the lithium triangle.

MGX gets a hold of three lithium projects in Chile

Exactly six months after hinting at the possibility of opening shop in Chile, MGX Minerals is acquiring 50 per cent of the issued shares of Chilean Lithium Salars.

Teck's Quebrada Blanca project gets green light

Teck Resources received regulatory approval for its Quebrada Blanca Phase 2 project in the Tarapacá Region in northern Chile.

Indian miner sues Uruguay for $3.5 billion

Zamin Ferrous alleges that the passing of a new mining law turned out to be a major change in the game rules in the South American country.

Humiliated for years, women are fighting back in Chile's mines

Mining companies around the globe are joining an industrywide push for gender equality and launching initiatives to increase the proportion of women working in mine pits, smelters and refineries.

Indonesia issues new tax rules as Freeport seeks fiscal guarantee

Freeport reshapes Indonesia business in deal with govt.

Yamana Gold names new CEO, creates executive chairman role

Founder gives up CEO role.

Premier Gold revenues decline on changing geological interpretations

At Premier's Mercedes Mine production and costs were impacted by differences in the orebody geometries as compared to the original models. 

Samarco eyes restart in 2019, when Brazil license analysis concludes

Samarco expects to obtain next year all licenses needed to resume operations suspended after the 2015 environmental disaster.

Chile lithium exports more than double in July from previous year

The value of exports of the metal from Chile, one of the world's top producers of lithium, jumped 51 percent in the first seven months of the year.

Condor gold receives environmental permit to construct and operate a new mine at LA India project, Nicaragua

Condor Gold has received an environmental permit for the development, construction and operation of a processing plant and its associated mine site infrastructure at its La India Gold Project, located in Leon, Nicaragua.

Condor Gold to start building mine in Nicaragua

Despite the political unrest in the Central American country, Condor has received an environmental permit for the development of a processing plant and associated mine site infrastructure at La India gold project.