Latin America Mining News

Vale postpones release of earnings report due to dam disaster

Vale said it plans to release its fourth quarter earnings report on March 27 rather than Feb. 13 as originally planned.

Anglo American lays off 180 workers at Chile copper mine

The layoffs were necessary to combat rising costs at the mine, Anglo American said in a statement.

SNC’s mystery problem has analysts pointing to Chile after rout

SNC-Lavalin Group Inc. won’t reveal the location of a “serious problem” in its mining business that fueled an epic share rout on Monday.

Iron ore prices are flying

Vale production cuts could have "outsized" impact in shorter term with spot prices predicted to return to $100-plus per tonne in summer.

UN calls for probe into Vale’s tailings as waste heads to Brazilian river system

Brazilian authorities and companies involved with river water management are trying to stop the torrent of mining waste from reaching the Sao Francisco river, a source of drinking water for communities in five of the country's 26 states.

Venezuela has 20 tons of gold ready to ship. Address unknown

I’m going to start bringing Russian and Turkish airplanes every week so everybody gets scared.

In Maduro's Venezuela, even counting gold bars is a challenge

The country’s once vibrant exploration activity plummeted after Chavez came to power in 1999 and nationalized foreign companies’ mining licenses and assets.

Cordoba Minerals dealing with fraudulent transactions at Colombian subsidiary

The miner alleges breach of fiduciary obligations, abuse of trust, theft, and fraud.

Death toll from Brazil dam burst rises to 84, with 276 unaccounted for

48 people have been identified so far, as work continues in the area.

Vale to end use and dismantle all upstream dams after disaster — CEO

Chief Executive Fabio Schvartsman said Vale would halt operations using those dams and spend 5 billion reais ($1.3 billion) to decommission them.

AngloGold soil study in Colombia halted pending review after mining ban

The company was not carrying out mining exploration at the site.

Bluestone tables feasibility study at Cerro Blanco

The project has a $241 million after-tax net present value.

Great Panther Silver boosts resource at Topia mine in Mexico

Inferred resources add 400,400 tonnes averaging 434 grams silver, 1.34 grams gold, 2.86% lead and 2.97% zinc.

Brazil mine disaster prompts Bolsonaro rethink on environment

Bolsonaro and his cabinet are swiftly dialing back promises of deregulation.

Vale eyed dam design changes in 2009 that may have prevented disaster

The International Coalition of Large Dams (ICOLD) group "is recommending that dams, especially large dams, be built by dam professionals.

Five Vale staff and contractors arrested after Brazil dam disaster

Two other engineers, who worked for Germany’s TUEV SUED on a contract where they attested to the safety of the Vale dam, were arrested in Sao Paulo.

Minarum to acquire Aura’s East Taviche property in Mexico

Aura states that an 865,000 tonne inferred ore zone grading 119 g/t silver and a 3.3 million tonne inferred ore zone averaging 0.51 g/t gold has been outlined by 14 drill holes at the project.

Vale's management team on thin ice as spill fallout snowballs

“Before pointing out fingers we need to see what happened first”

Vale stock plunges after Brazil disaster; $19B in market cap erased

"The fact is that Vale's share drop was even steeper than some market participants expected"

Argonaut Gold receives federal approval of Magino EA

A December 2017 feasibility study estimated the open-pit project would produce about 116,000 ounces of gold over a 17-year mine life.

In the new lithium 'Great Game,' Germany edges out China in Bolivia

"This partnership secures lithium supplies for us and breaks the Chinese monopoly" - Wolfgang Tiefensee economy minister of the German state of Thuringia, an automotive manufacturing hub.

Brazil securities regulator probes Vale’s filings on dam collapse

By Monday, local officials had confirmed at least 60 people dead and said they fear that among the hundreds who are still missing there will be very few survivors.

Investors ask how Vale failed to stop repeat of dam disaster 

“How can they let this happen again?” Melo said. “They wiped out our city.”

Vale analysts see charges, lawsuits, halts undermining stock

Vale plunged as much as 20 percent in Sao Paulo on Monday, the biggest intraday drop since October 2008.

Condor Gold shares jump as Nicaragua project grows again

The mineral resource update totalled 9.85 million tonnes at 3.6 grams per tonne of gold for 1.14 million of indicate ounces, a surge of 57,000 ounces from the previous update.