Latin America Mining News

Rising mineral prices trigger artisanal and small-scale mining ‘explosion’ — report

An estimated 40.5 million people were directly engaged in ASM last year, up from 30 million in 2014, 13 million in 1999 and only 6 million in 1993.

Agarwal plans to keep his Anglo American stake for a long time

Indian commodities billionaire said the rally in Anglo American Plc vindicated his personal bet in the mining group.

Tahoe denies reports of water contamination

Tahoe Resources (TSX, NYSE:THO) is denying a media report issued on Thursday that its Shahuindo mine in Peru has contaminated local water supplies. 

Crystallex requests new hearing in lawsuit against Venezuela

The Canadian company alleges that the South American country is performing “fraudulent transfers.”

Union at Colombia's Cerrejon to hear wage offer before possible strike vote

"We will meet with the company... after a request from them to present a new offer, the fourth in this negotiation," said the Sintracarbon union president.

Copper miners challenged by water supply

"Water demand will increase because it will be necessary to process more material to obtain the same amount of copper": Wood Mackenzie.

Chile’s regulator orders permanent closure of Barrick's Pascua-Lama mine

Agency also cut a 2013 fine for violations to $11.5 million (7 billion Chilean pesos) from the previous $16 million it had charged Barrick Gold, but later forced to review by an environmental court.

Torex restarts operations in Mexico despite blockade

The miner and the current operating union re-established plant access through a road used during construction.

Output at Chile's Escondida copper mine falls 7.8 pct in 2017

The decline to 903,000 tonnes came despite the start of operations at a new wing.

Tahoe welcomes new Canadian Ombudsperson for responsible enterprise

Tahoe Resources Inc. welcomes the announcement today that Canada will establish the office of Ombudsperson for Responsible Enterprise.

Chile's Corfo, SQM strike deal in lithium dispute

The deal frees the miner to apply for increase in production quota amid demand boom and surging prices for lithium, which is used in EV batteries.

BHP second-quarter iron ore output up 3 pct, maintains forecast

BHP's iron ore output climbed to 72 million tonnes for the three months ended Dec. 31 versus 70 million tonnes a year ago.

Condor Gold hopes to soon kick off construction at Nicaragua project

To date, the company has invested $45 million in Nicaragua, completed over 70,000 meters of drilling on its flagship La India asset, and produced two PEAs and a PFS.

Costa Rican presidential candidate blasts ecologists, says he would bring mining back

Conservative Diego Castro called environmentalist groups "eco-terrorists."

Vale confirms talks with BHP over Samarco exit

During a meeting with investors and analysts in Sao Paulo, Vale’s investor relations director, André Figueiredo, said it seemed “natural” for his company to become the sole owner of the project.

Supply disruptions could boost copper prices -Chile's Cochilco

Cochilco, Chile's state copper commission, raised its estimated 2018 avg price for the metal to $3.06 per pound from its previous forecast of $2.95.

GoldCorp forecasts lower costs for 2018; shares on track for nine-month high

The company's 2017 preliminary gold production of 2.6 million ounces was at the high end of its forecast range.

Following detention, journalist publishes controversial story about Venezuela’s Mining Arc

Rampant violence and corruption are the norm in the mines of the southern Guayana region.

Despite 42-day strike, Gran Colombia surpasses 2017 production guidance

Only in the fourth quarter of 2017, the company produced 51,699 ounces of gold, up 26% over the fourth quarter of the previous year.

Brazilian miner Vale ordered to repair environmental damage

Federal prosecutors announced ruling in a statement that said electricity transmission lines and a bauxite pipeline damaged soil and silted up rivers.

Rio Tinto 2017 iron ore exports up 1 percent, maintains 2018 guidance

On Tuesday Global miner Rio Tinto reported a 1 percent rise in iron ore shipments for 2017 to 330.1 million tonnes, meeting its guidance.

Tahoe cutting 250 jobs at Escobal mine in Guatemala on reopening delays

Canadian miner cited uncertainty over whether it will ever have its mining license for the operation reinstated as main reason for the layoffs.

McEwen 2017 output fails to impress, but gold prices boost shares

The Canadian precious metals miner produced 109,947 gold ounces and 3,178,742 silver ounces, last year, roughly in line with full-year guidance of 109,500 ounces of gold and 3,337,000 silver ounces.

2 dead, 17 miners missing following Peru earthquake

An earthquake in Peru on Sunday has claimed two lives and caused an illegal mine to collapse. 

How China is locking up critical resources in the US’s own backyard

China’s global resource grab, and the ramifications for the rest of the world, are on my radar screen. Are they on yours? If not, maybe they should be.