The company had warned it would evaluate options for the mine, including walking away form it, if it didn’t receive the necessary permits.
Latin America Mining News
BHP Billiton in 'advanced' talks to sell Cerro Colorado copper mine in Chile
The company has officially informed workers of its plans to offload the mine, noting that while there are several interested parties, the process could take months.
AngloGold halts work at giant Colombian project
$2 billion La Colosa project boasts reserves of over 25m ounces of gold.
MineWare hauls in first South American deals
MineWare has extended its presence into South America, landing the global mining technology leader its first two Argus system sales with its partner Haultrax Chile—a global mining consultancy in automation, productivity and technology.
Vale’s first quarter profit lower than expected as rains hurt iron ore output
Net income totalled $2.5 billion, compared with profit of $525 million in the prior three months and almost $1.8 billion a year earlier.
Czech mining industry pins hopes of revival on lithium
The European country holds between 1.2 to 1.4 million tonnes of lithium, located mostly around the tiny village of Cinovec, on the border with Germany.
Fresnillo silver output up almost 11pct in first quarter, but gold falls
The firm, the world's largest primary silver producer and Mexico's second-largest gold miner, said output of the grey precious metal hit 13.5 million ounces in the quarter.
BHP puts US shale assets back on the block amid investors pressure
The miner said decision was unrelated to Elliott Management's call earlier this month to unlock shareholder value by spinning off about $22 billion of BHP's US oil assets.
Iron ore to slide below $46 a tonne by 2021 — analysts
BMI Research expects prices to continue sliding for at least the next five years on rising supplies from Australia and Brazil and expectations for a surplus.
Barrick shares hammered after slashing production guidance
Ongoing problems at its Veladero mine in Argentina following spill.
Newmont lifts gold production by 9%
World number two gold miner increases output to 1.23m ounces in the first quarter – Ghana expansion will add more ounces from next year.
More iron ore comes to the market as Anglo’s output soars in Q1
Both iron ore and diamond output rose in the first quarter thanks to a continued ramping-up of the company's Minas Rio mine in Brazil and improvements in the gem market.
Strike at Escondida hurt Rio Tinto copper output
Production for the first three months of the year slumped 37% compared with the same period of 2016.
Vale’s iron ore output just hit another record
Production of the steelmaking raw material jumped 11% to 86.2 million tonnes in the January-March period, compared to the same quarter a year earlier.
Goldcorp begins friendly $247 million takeover of Exeter
Exeter shareholders will receive 0.12 of a common share of Goldcorp for each they have in the junior — that's a premium of 67% based on the part's closing prices on the day prior to the announcement.
Minjar Gold attempt to grab Barrick’s stake in Super Pit falls through
The firm, a unit of Shanghai-listed Shandong Tyan Home, reportedly walked away from the deal due to recent tightened controls in China on outbound investment.
Recent Escondida strike may push Chile into recession
Analysts believe that would increase the chances of the country joining Latin America’s ongoing political drift to the right in November’s elections.
Ecuador mining industry to grow eightfold by 2021 — report
Experts believe the value of the nation's dawning industry is set to jump from $1.1bn this year to $7.9bn in 2021 on a combination of revised regulatory framework and significant gold and copper reserves.
Iron ore price collapse wipes billions off top mining stocks
Another 5% iron ore price drop Tuesday slashes $30 billion from top 5 producers' market value in one month.
South32 drops $200 million plan to buy Peabody coal mine
The miner said it was unwilling to take the steps required to satisfy Australian steel makers to get the approval of the transaction, which would have its major deal since spinning off from BHP in 2015.
Thousands of balls to counteract drought effects at mining sites
To prevent liquids from evaporating, Exma proposes the use of a floating cover system composed of plastic balls
Plateau Uranium announces LOI for initial uranium offtake from Peruvian project
The deal with Curzon Resources could be the first potential sale of 7% the of future production from the Macusani project
GoldMining’s acquisition of La Mina to create massive gold-copper portfolio in Colombia
GoldMining announced the acquisition of all outstanding common shares of Bellhaven and its La Mina Gold Project in Colombia
Peru’s copper output slightly up
The Ministry of Energy and Mines revealed that the country’s copper production rose by 5.42% in February
