Latin America Mining News

Investors pile into Peru’s $2 billion Michiquillay copper project

Companies have until Nov. 2 to sign up for the auction and the winner will be announced on Dec. 20

Penguins put $2.5 billion mining project in Chile on ice

A waddle of penguins has stopped a $2.5bn (£1.9bn) mining project in Chile.

Zinc price spike sparks flurry of miner listings

The metal has doubled in prices since late 2015 and investor demands are rising for this "hot commodity."

B2Gold up on higher-than-expected production

Company said it expects production of between 50,000 and 55,000 ounces of gold from its new mine in south-western Mali to bring total metal production for 2017 to between 530,000 and 570,000 ounces of gold.

Mitsui to build desalination plant for BHP’s Spence copper mine in Chile

The project will be the Japanese company’s first desalination plant and it is estimated to require an investment of around $623 million (70 billion Yen).

Chile expects moderate rise in copper price — mining minister

Increase won't enough to push price above $3 a pound for the entire year, Mining Minister Aurora Williams said on Wednesday.

Chile earthquake lights fire under copper price

Up more than 3% after quake near the city of Calama in main copper producing region of the South American country.

Barrick to pay $20 million to settle Pascua-Lama arbitration case

Lawsuit was filed last year after the miner halted payments due to a local group.

Mexico's mining sector to reach $17.8bn by 2020 on zinc prices, strong pipeline

Competitive operating costs and supportive government policies are also expected to play a key role in Mexico's mining industry strong recovery.

The next big offshore boom is about to happen here

The latest demonstration of the viability of deepwater projects, even in the post-2014 oil industry era, comes from none other than Brazil.

Goldcorp says no production hit as Mexico mine blockade is lifted

Polymetallic Penasquito mine produced one million gold equivalent ounces in 2016.

Gran Colombia Gold to switch Marmato project from open pit to underground

Marmato underground gold mine is expected to have a minimum 12-year productive life, generating over 1.5 million ounces of the precious metal during that time.

Robots under Swedish forest breathe life into ancient mines

Mining ihas been one of the last sectors to use a surge in computer processing power, cloud data storage and complex algorithms to make sense of huge amounts of scattered information - routine in today’s retail and manufacturing businesses.

Glencore to spend $956M to increase stake in Peru's largest zinc producer

The company will pay between $531 million and $956 million depending on the offer's level of acceptance by Volcan shareholders.

Why lithium, why now?

A global energy transition is underway, with lithium-ion as one of the leading energy storage technologies for both handheld technology and electric cars.

Mandalay Resources mothballs Cerro Bayo mine in Chile

Operations have been suspended since a June 9 incident that flooded the mine, killing three workers.

Rio Tinto back on track to haul iron ore in driverless trains in 2018

Staff sitting hundreds of km away oversaw successful pilot run.

Denver Gold Forum 2017 concludes with record activity

As the world’s premier precious metals equity event, the Gold Forum attracted 1,000 attendees who conducted a record 3,900 meetings.

Chile's Colbun awarded contract to build Latin America's largest wind farm

The contract includes 8,000 hectares of federal lands in the northern region of Antofagasta, and will require an investment of nearly $1 billion.

Chile sees no obstacle to Albemarle request to hike lithium output cap

Albemarle said it could invest $1-billion in Chile over the next 5 years if request to the government to let it extract 125,000 tonnes per year is approved.

How iron carbonates help form diamonds

Scientists say that under the peculiar conditions present deep in the Earth's mantle, iron carbonates can play a role in forming diamonds.

Brazil’s president revokes decree allowing mining in Amazon

It would have opened up for mining a vast national reserve in the country’s Amazon, larger than the size of Switzerland.

BHP says 2017 a ‘tipping point’ for electric cars

Arnoud Balhuizen, head of marketing at BHP, said the impact of the looming electric vehicle boom for raw materials producers would be felt first in the metals markets and only later in oil.

Copper claws back lost ground after four-day run lower

Copper rose on Tuesday, snapping four straight days of losses as a rally in oil prices to more than two-year highs boosted commodities more broadly, and on longer-term expectations that demand will grow and supply remain constrained.

PotashCorp hires banks to lead sale of stake in Chilean lithium producer

Rumours point at US chemical company Albenarle Corporation as the first potential buyer for PotashCorp interest in SQM, worth about $4.5 billion.