Latin America Mining News

Chile’s Escondida workers on strike to protest layoffs

Union claims BHP has laid off about 3% of the mine's workforce without a "legitimate reason."

Southern Copper says Peru operations normal despite strike

This is the third strike this year over profit-sharing staged by the company’s unions and it affects Southern Copper's two mines in the country — Cuajone and Toquepala.

Escondida to lay off 3% of its workforce

Officials for the world’s largest copper mine say they are “adjusting production processes.”

Brazil's Congress approves higher mining royalties

Brazil's lower house passed a bill that would boost royalty rates on iron ore by 75%, as both houses voted in a win for President Michel Temer's reform agenda.

Whoever wins Presidential election, Chile state copper giant may get boost

The world's largest copper miner, Codelco, may see a boost in investment cash regardless of who wins next month's presidential runoff in Chile, as both candidates have vowed to end the state-run firm's funding of the military.

Canada's Wealth Minerals, Chinese firm to bid for world’s largest lithium miner

The two firms are just the latest names in a long list of companies that includes major players such as Rio Tinto, interested in grabbing a stake in Chile’s Chemical and Mining Society (SQM).

Peru takes steps to legalize artisanal and small-scale miners

The world's No. 2 copper and zinc producer has been trying to regulate small-scale and artisanal mining activities since 2002.

Rio Tinto's M&A madness

Some companies are good at takeovers. Rio Tinto Group isn't one of them.

'Explorer of the Year' recipient convincingly updates resource in a booming zinc market

The Critical Investor profiles a company exploring a high-grade zinc property, and explains why he believes the upcoming PEA could surprise markets.

Brazil's Vale denies postponing sale of New Caledonia mine stake

Brazil's Vale SA denied that it had decided to postpone the sale of a stake in the New Caledonia nickel mine, saying it is continuing to look for a partner.

Vale says still looking to sell stake in New Caledonia nickel mine

The miner denied it had decided to suspend the sale of a stake in its loss-making New Caledonia nickel mine (VNC), and added that its plan to find a partner is still a go.

Anglo to halt Minas Rio in Brazil if expansion licence delayed further

The company said if long-delayed permit for its massive iron ore mine is not issued next month as expected, it would have to shut it by Sep. 2018.

Vale delays sale of stake in New Caledonia nickel mine

The sale may be delayed for up to a year, a setback to efforts by the world’s largest iron ore producer to offload non-core assets.

Brazil's Samarco mine sees need to cut staff by 600

Samarco said it would resume talks with two unions on Friday following Thursday meetings on the need to reduce staff to 1,135 from 1,735.

Move over Chile, Macri's Argentina wants the mining limelight

Changing glacier law intensifies Argentina’s pro-mining agenda; pipeline of $20 billion beckons as nation bets on extraction.

BHP-Vale deal distances Brazil mine from $53bn in lawsuits

Miners' lawyers filed documents late Thursday requesting that the presiding judge suspend two civil suits from 2015 Samarco dam spill.

BHP to exit shale within two years, sell nickel assets

“We have a strong sense of urgency,” chief executive Andrew Mackenzie told reporters following the company’s annual general meeting in Melbourne.

Colombian police dismantle highest illegal gold mine in the country

The mine was located on a 2,800-metre high mountain.

Workers to ramp up strike action at Canadian mine in Mexico

Union leaders say that the arrival of 100 officers of the Mexican Armed Forces to the mine spurred the protesters' anger.

Frugal billionaire seen as tough negotiator for copper funds

Sebastian Pinera, front-runner in Sunday’s election, was so frugal with funding during first term that Codelco that company’s debt levels jumped 84 percent.

Fresnillo jumps after HBSC upgrades rating to 'buy'

HSBC referred to the company as a “sector leader at a discount”.

What people think of globalization, by country

More than in the past, the population is divided on whether globalization is a force for good or not.

UN urges miners to better regulations needed to prevent disasters

According to the UN Environment Program's latest report, most of the 40 significant mine waste accidents in the past decade have involved dams or other storage areas that failed.

Polish copper producer KGHM cuts 2017 investment and output targets

The state-run firm also said that this year's output of electrolytic copper from its own concentrates will be 35,000 tonnes than the planned 401,000 tonnes due to an accident at its smelter.

Here's what to expect in terms of Eldorado Gold exploration projects

Canadian gold miner provides an update on exploration activities completed to date in 2017.