Latin America Mining News

US-China need new trade framework, says former negotiator

The world’s two biggest economies need to agree on a new framework that will allow both of their economic systems to co-exist.

China's Chinalco starts $1.3bn expansion of Peru copper mine

The investment will increase the mine's copper output by 45 percent by 2020, with the value of production exceeding $2 billion annually.

Judge orders Chinese company to stop mining activities in Ecuadorian town

A judge from the Ecuadorian province of Cuenca ruled that Ecuagoldmining South America S.A violated article 57 of the country’s Constitution.

China's COSCO to build $2 bln shipping port in Peru

China is Peru's top trade partner and imports most of the minerals the South American country produces.

Silver miners’ Q1’18 fundamentals

The major silver miners’ stocks remain deeply out of favor, languishing near multi-year lows.

Southern has copper giants in crosshairs with Peru expansion

Southern Copper Corp. is preparing to scale the ranking of global producers by spending more than $10 billion in Peru and Mexico.

US aluminium tariffs; collateral damage and a missed target: Andy Home

Aluminium in particular shows why tariffs are such a poor trade weapon.

Trump tell allies to fix trade after US tariffs strike

Trump's tariffs on Washington's closest allies also drew condemnation at home from Republican lawmakers and the country's main business lobbying group.

BHP Escondida mine workers in Chile start new wage talks

The Anglo-Australian miner has until mid-June to respond to the union's demands.

Shares in lithium giant fall on disappointing auction

Chilean lithium producer SQM shares punished after $1 billion of shares auctioned below ruling price.

Emerging market meltdown could undermine oil rally

Higher production doesn't necessarily mean higher oil prices are entirely out of the question.

Peru's Buenaventura seeks deal with Southern on copper project

The two companies jointly own the Coimolache mining company in Peru, and are both junior partners in large mines in Peru controlled by U.S.-based companies.

Emeralds and rubies producer Fura Gems changes look

The company, which began operations a year ago, said the move seeks to strengthen its communication with key stake holders and consumers.

Canada's Bear Creek prepares IPO in Peru to finance silver mine

Bear Creek would also consider selling a stake in the $550m Corani project in southern Peru to help pay for the project.

Top gold stock shows cash obsession is what investors want

Buenaventura’s U.S. shares have surged 63 percent in the past two years, the most among peers.

Prospero begins drilling at Buenavista silver-gold project in Mexico

This is the fourth project to be drilled under the terms of a second round of strategic investment from Fortuna Silver Mines, announced in early May.

Gold Fields to set aside acquisitions, sees industry costs rising — CEO

The South African gold producer is setting aside pursuit of new acquisitions for a year as it focuses on its existing operations and nearby prospects instead, the bullion producer's chief executive told Reuters late on Tuesday.

Electric vehicles on the road to triple by 2020 — IEA

The number of electric cars, including battery-electric, plug-in hybrid electric and fuel cell electric passenger light-duty vehicles, increased by 57% in 2017 from the previous year.

Here’s what miners are getting wrong when it comes to digital transformation

While the global mining industry is quickly becoming more digitally mature, that transformation continues to focus on productivity and profitability, rather than on much needed innovation, a new study shows.

Brazil truckers strike having limited impact on Vale operations – CEO

The company will announce "organic growth" in the coming months.

Lithium Chile, a perfect storm

Mining lithium in the salars of Chile and Argentina is much more cost-effective than hardrock mining.

Australia's Galaxy Resources to sell tenements in Argentina to POSCO for $280 mln

The land is located in the northern area of the giant Salar del Hombre Muerto salt flat.

Avanco axes Brazil copper mine production over truck drivers strike

The company had warned last week that operations at the open pit mine would be affected by the strike, as fuel and consumables failed to be delivered to site, while road blocks on highways prevented sending output to port.

Newmont sells its royalty portfolio to Maverix Metals for $17 million, stake in the junior

Other than cash sum, the US miner is receiving 60 million Maverix common shares, representing a 28% stake in the Canadian company and warrants for an additional 10 million common shares.

Mexico violence hits Canadian silver miner's operations

Pan American Silver Corp became the latest company to curtail operations in Mexico due to rising violence and crime.