Frank Giustra aims for hat trick with Leagold Mining in Mexico. Bill Clinton pal sees ‘major’ gold producer within four years.
Latin America Mining News
There are signs of resurgence in the mining industry, driven in large part by the boom in storage technology.
30m tonnes per year operation jointly owned by BHP and Vale shuttered since November 2015 following dam burst.
Company said blockade was in response to a recently announced bonus offer in lieu of profit sharing.
Modifications seek to simplify aspects of the project originally approved in 2010 in order to optimize mineral handling.
Two days before Antofgasta's annual general meeting in London, an 18-pages long report by the London Mining Network slams Los Pelambres' environmental record.
The company said that today’s announcement is part of its ongoing capital management plan.
The company, which could lose the arbitration as a result, will have to pay the amount to former partner Vale.
An NGO based in the southern Bolívar state is calling the Venezuelan government to kill the 2016 decree that creates the Mining Arch of the Orinoco River National Development Strategic Zone.
Canadian miners are swarming over Mexico and its high level of mineral prospectivity at the expense of Australia’s explorers and miners who have only made a tentative foray into the Latin America isthmus.
The deal, worth about $400 million, will make Trevali the first pure zinc producer with operations in North and South America as well as Africa.
Cobre Panama project is now 50% complete and on track to produce 320,000 tonnes of copper in 2019, making the company one of the world’s top six producers of the red metal.
An Australian company which has teamed up with the largest gold company in the world to exploit a corner of Latin America’s untapped mineral riches, says the bulk of Guyana’s gold production has only “just scratched the surface”.
Argentina ripe for new energy investment says Brisbane backer of US $2 billion coal mine-power station
A Brisbane company hoping to drive the development of a major coal mine and associated power station in Argentina, says the country’s current energy grid warrants substantial new investment in energy options.
Companies are pressing the government to better regulate public consultations and votes on mining projects, as they see legal uncertainty as the industry's main current challenge.
This is a big deal as Chile is the fourth largest silver producing country in the world.
Increasing demand for efficient building systems, electric vehicles and renewables generation could add more than 4 million tonnes of annual copper use by 2030, a study shows.
US activist investor steps up pressure on BHP to ditch petroleum. Mackenzie says company already knows what to do to lift value by 50% and double return on capital.
Report says $1.2B hydro sale could provide Vancouver-based company the cash cushion to decide on 270,000 tonnes a year Chile copper mine expansion.
Move comes barely seven months after Rio Tinto agreed to sell it its stake in Simandou for up to $1.3 billion.
Move comes on the heels of calls from shareholders including activist investor Elliott Management and Australia’s Tribeca Investment Partners for a change of BHP's corporate structure.
Move is part of an ongoing effort to strengthen its position in the home country, particularly around the gold-rich Eastern Abitibi region, in Quebec.
BMI Research expects prices to continue sliding for at least the next five years on rising supplies from Australia and Brazil and evidence of Chinese demand cooling earlier than expected.
World number two gold miner Newmont takes 20% stake and private equity giant Red Kite 5% in Toronto junior.
Global silver production dropped last year for the first time since 2002 driven by lower by-product output from the lead/zinc and gold sectors, as well as a sharp decline of scrap supply to the market.