Latin America Mining News

Kinross on track for 2018 production and costs

The company achieved solid production and generated a positive cash flow.

Chile copper output hits 4.25m tonnes through September, up 7.3%

Chile, the world's top copper exporter, produced 4.25 million tonnes of copper in the first nine months of 2018.

Albemarle profit rise beats forecasts on lithium price hikes

Lithium sales rose less than 1% as production slipped due to unexpected shut downs at three of our lithium manufacturing sites - Albemarle

A beautiful mine

While lithium giants like SQM and Albemarle tangle with one another over scarce lithium brines and water, a beautiful lithium mine in Nevada’s Clayton Valley is taking shape.

China Minmetals signs 20m tonnes iron ore purchase agreement with Brazil's Vale

The state-owned metals and mineral trading firm also signed a 2,400 tonne nickel briquette purchase agreement with Japan's Sumitomo Corp.

Tahoe Resources loss less then forecast but wider than last year

With environmental and indigenous opponents of Tahoe's Escobal mine vowing it will never again produce silver, analysts are expecting the company to post its fifth consecutive quarterly loss on Tuesday.

In Ecuador, landmark court cases challenge mining projects

The government turned over 70% of the Intag Valley into mining concessions, yet they didn't do a single consultation — not with the communities, not with the local authorities.

Copper, gold mines now likely cheaper to construct than to buy-research

Results suggest that exploration and building remains the riskier but potentially more cost-effective alternative

Barrick, Newmont said to be in talks to merge Nevada operations

Experts believe the US firm could achieve $300 million in operating and cost savings from combining its mines in Nevada with those of the Canadian rival.

Vale and Emirates Steel sign major deal

Emirates Steel requires inputs of around 6 million tonnes of iron ore pellets per year.

Maduro blasts new US sanctions on Venezuelan gold

Nicolas Maduro said the sanctions are "crazy" and "schizophrenic."

Regulus spin-out Aldebaran Resources starts trading

The company shares the same core management team as Regulus Resources and is focused on projects in Argentina.

Almost a quarter of Antofagasta’s energy needs met by renewables

The Zaldívar copper mine in Chile, a joint venture between Antofagasta and Barrick, will be able to replace greenhouse gas emissions equivalent to 350,000 tonnes per year, or about 87,000 vehicles annually.

China demand for Vale ore to keep price above $90/tonne in 2019 -CFO

What will define Chinese demand for iron ore is continued urbanization, infrastructure investments, auto production.

Largo to expand vanadium mine in Brazil

The Maracás Menchen mine has a take-or-pay off-take agreement with Glencore for 100% of its vanadium material.

Hudbay shrugs off investor concerns, buys Nevada copper junior

The miner has bought Mason Resources despite shareholder Waterton previously requesting a moratorium on any near-term acquisitions.

BHP announces $5.2B share buyback, keeps promise to return US Onshore asset sale proceeds

The world's biggest miner promised in July to return the $10.5 billion in sale proceeds to shareholders.

Surge enters MoU to acquire Incahuasi lithium project in Chile

The project sits atop the Incahuasi Salar and it is located on the Chile/Argentina national border some 75 kilometres southeast from the Atacama Salar.

ICMM introduces innovation roadmap for cleaner mining vehicles

Following two innovation summits between ICMM members and suppliers, a governance model for collaboration has been designed.

Meet Escondida’s giant robotic arm – an example of open innovation

Introducing BHP's Trommel maintenance robot.

Spend don't splurge, investors tell miners as M&A, capex surges

Capital expenditure among the 10 largest metals and mining companies is forecast to advance to about $35 billion this year, the first annual rise since 2013.

Protesters force Aura Minerals to suspend operations in Honduras

The company says limited access to a new area it wants to exploit makes the San Andrés mine unprofitable.

Leagold said restarting Santa Luz mine in Brazil requires $82 million

Santa Luz is a fully constructed open pit mine, which originally started production mid-2013 but was placed on care and maintenance in 2014.

Canadian miner’s project in Mexico halted by Hurricane Willa

Hurricane Willa made landfall on Mexico's Pacific coast as a Category 3 on October 23, 2018.

Chile’s court rejects lawsuit to block Nutrien’s sale of stake in SQM to Tianqi

While the decision is final and not subject to appeal, one legal hurdle remains — Pampa Group, which controls SQM, earlier this month filed an additional appeal with Chile’s TDLC antitrust court.