Latin America Mining News

Barrick on track to meet 2016 debt reduction target — Haywood

The sales of Kalgoorlie and Barrick's 63% interest in Acacia would provide well in excess of $2 billion.

Teck Resources to buy Toronto’s AQM for $25 million

Move will give the Vancouver miner 80% ownership of Zafranal Peru copper mine project

Canada’s Goldcorp to make Borden an all-electric mine

The innovation is expected to eliminate all greenhouse gases associated with the movement of ore and waste rock, equal to 5,000 tons of CO2 per year.

Heads roll at Rio Tinto over Simandou probe — Davies, Valentine fired

Energy and Minerals chief executive Alan Davies said he would take the mining giant to court over his dismissal, adding there were “no grounds” for his termination.

Of 22 banks polled NO-ONE sees copper price rally continue

New survey of analysts calls into question post-Trump surge with consensus forecasts pointing to sharp decline by year-end and continuing weakness in 2017.

Anglo's Los Bronces copper mine in Chile seized by protesters

About 100 hooded protesters have seized parts of the copper mine, Anglo American's biggest operation in Chile.

Rio learnt about Simandou dubious payment over a year ago — report

Company is said to have found out about the emails referring to a questionable $10.5m payment to a consultant over the Guinea project more than a year ago, not 'just' in August, as it claimed.

Gold miners to add 10m ounces per year by 2020

But US gold mining industry will stagnate says BMI Research in new study.

Barrick and NOVAGOLD announce the appointment of Andy Cole as General Manager of the Donlin Gold Project in Alaska

Barrick Gold Corporation (Barrick) and NOVAGOLD RESOURCES INC. (NOVAGOLD), the owners of Donlin Gold LLC, are pleased to announce the appointment of Andy Cole as General Manager of the Donlin Gold project in Alaska.

Rio Tinto staff shaken to the core by bribery probe — CEO

Speculation is running and some of what is being said strikes at the heart of the culture and values of the company, chief executive officer Jean-Sébastien Jacques said in an internal memo.

Chilean mining costs highest in the world, despite saving measures

Production costs in Chile, the world’s No. 1 copper producer, were 5.4% higher last year when compared to its global peers’ average.

Gold Reserve, Venezuela rework seizure settlement

Venezuela government given more time to come up with initial payment which has been halved to $300 million.

SilverCrest reports new discovery at Las Chispas property in Mexico

Exploration has been expanded to include a new, recently discovered target at the historic Varela Mine.

Anti-mining groups force Hudbay to keep Peruvian operation suspended

Police are on the scene to maintain order, the firm said, adding that efforts continue to resolve the situation peacefully through talks.

First Majestic hits fresh silver production record, revenue jumps 78 pct

Output of the precious metal in the three months to Sep. 30 increased 20% to 3.1 million ounces — a new quarterly record.

Rio Tinto energy and minerals chief suspended over Simandou bribery claims

Alan Davies suspended after miner found payments made to consultant in 2011, when he was in charge of the iron ore project.

Major Aussie miners BHP, Hancock to mine in Ecuador — report

Ecuador began last month granting licences for new exploration areas, with over 300 of them to be awarded by the year-end.

Weak commodities put infrastructure growth in emerging markets at risk — BMI

Countries heavily reliant on their extractive sectors need to step up efforts to lure investors or they will see their infrastructure sectors stalled, warn analysts.

South32 scoops up Peabody's Metropolitan coal mine in $200m deal

The deal includes a 17% interest in the Port Kembla Coal Terminal, south of Sydney.

The world's hardest working gold mines

Ten gold mines that timed the gold price rally to perfection – Barrick owns four of them.

Glencore did better as commodity trader than miner in Q3

While output was down for most commodities it mines and sales, it has improved earnings forecast for its trading unit.

Gold price: If you're selling central bankers are buying

Latest data show Russia continuing to stock its gold vaults, although Venezuela's sales are denting overall official sector net purchases in 2016.

The lithium boom has a new player in Argentina

Bob Moriarty of 321 Gold discusses a company that has hit the ground running in Argentina's lithium triangle.

Colombian children dropping out of school to work at mining sites

Many young children are dropping out of school and joining illegal mining activities in the surroundings of the Cauca river.

$2.6 million of gold stolen from Canadian miner

2,000 ounces of gold were stolen from the Jacobina mine in Brazil.