Latin America Mining News

Glencore’s profit soars on commodities rebound

A surge in commodity prices combined with its multibillion-dollar asset fire-sale has put the company in a position to pay big dividends and explore acquisitions.

BHP has lost 41,000 tonnes of copper due to strike at Escondida

The company is reviewing its copper output guidance for 2017 as industrial action at its largest copper mine enters its third week Thursday.

Anglo American not selling assets any more as it returns to profit

The world's number five diversified miner posted its first annual net profit in five years.

FLSmidth awarded first phase of EPC contract for gold mine

Belo Sun Mining Corp. has awarded FLSmidth the first phase of an EPC contract for the Volta Grande gold mine processing plant in Brazil’s Amazon region.

Colombian court lets Zonte Metal sue authorities over gold permit rejection

The Canadian junior explorer argues its exploration application was not processed in accordance with the country’s mining code.

BHP Billiton back into the black, pays higher-than-expected dividend

Net profit was $3.2bn for the six months to December 31, compared with a loss of $5.7bn in the same period a year earlier.

Vale’s iron ore output just hit another record

The world’s No.1 iron ore miner produced 349 million tonnes of the steelmaking ingredient in 2016, helped partly by the opening of its massive S11D mine.

Here's the latest scoop on Barrick's projects

The company is focusing on assets with the potential to add as much as 1.1 million ounces of gold to its total output beyond 2021.

Vale resumes sale of remaining fertilizer assets in Brazil

A reworked sale process for plants located in the southeastern city of Cubatão was reportedly launched in recent days.

Teck swings to profit in Q4 but misses expectations

The firm, North America's No.1 producer of coking coal, benefitted from the price rally — steelmaking coal climbed 155.5% to $207 in the quarter.

Colombia – a hidden lead story

Despite hosting three mountain ranges (cordilleras) which belong to the Andes system- a prolific mineral terrain - Colombia is not a mining nation.

Striking workers at BHP’s Escondida mine accept Gov’t mediation

The meeting is not a return to mediation but an attempt to agree to return to the negotiating table, the union said.

Iron ore soars past $92 a tonne, highest price in 2.5 years

Prices for the steelmaking commodity have more than doubled in value over the past year following near-decade lows of $38 a tonne in December 2015.

McEwen Mining keeps growing, buys exploration junior Lexam VG

The proposed friendly acquisition will give McEwen access to advanced exploration stage properties located in the heart of Timmins Gold Camp, northern Ontario.

Copper price surges on BHP force majeure

Copper hits 20-month high after world's number one miner says can't honour supply contracts from Escondida, responsible for 5% of global output.

Copper price drops despite outages at world's biggest mines

Strike at Escondida, export ban and smelter problems at Grasberg and community clashes at Las Bambas.

Goldcorp buys back gold stream on giant Chile project

Vancouver company pays $65 million cash for a 4% stream on El Morro deposit, half of NuevoUnion, its joint venture with Teck.

Southern Copper wants to shoot the lights out

World number five producer adding 600,000 annual tonnes in six years.

Locals ask Brazil to suspend Belo Sun’s gold mine licence

Opponents claim the miner intends to use cyanide, depositing toxic waste in a dam located just 1.5 km from the Xingu River, a tributary of the Amazon.

Superior Announces Construmac® as New Crushing and Screening Dealer in Mexico

Construmac will market, sell, and service Superior’s line of crushers and screens including the Liberty™ Jaw Crusher, Patriot® Cone Crusher, Valor™ Vertical Shaft Impactor, Guardian™ Horizontal Screen, Anthem™ Inclined Screen, and Intrepid™ Vibrating Grizzly Feeder.

Chinese race to grab Barrick’s stake in Super Pit hits roadblock

Minjar Gold is still waiting for Chinese regulatory clearance and hasn’t been able to secure funding for the $1.3 billion deal.

Talks between BHP, Escondida workers to resume as Gov’t steps in

The company's request for government mediation effectively extends talks and pushes back the start of a potential strike to Feb. 13.

Did this financier just call the end of the mining rally?

Private equity firm Orion selling $1 billion worth of royalty, streaming and offtake assets covering gold, silver, base metals and diamonds.

Endeavour Silver appoints new Vice President, Operations and Country Manager, Mexico

Endeavour Silver Corp. announces the appointment of Tomas Iturriaga Hidalgo as its new Vice President, Operations and Country Manager for Mexico, effective February 2, 2017.

Newmont becomes signatory to WEF’s Compact for Responsive and Responsible Leadership

The Compact is sponsored by the International Business Council of the WEF and commits signatory businesses and their boards of directors to creating a corporate governance framework with a focus on the long-term sustainability of corporations and the long-term goals of society.