Latin America Mining News

Immersive Technologies recognizes two for mining business improvement

Immersive Technologies has announced the winners of its Global Business Improvement Award 2018.

World's largest iron ore port expects higher exports post Vale

With a market facing a global deficit, the world’s biggest iron ore export port is flagging a timely boost in shipments as Fortescue and rivals bring on new mines in Australia’s Pilbara region.

Iron ore thunders higher as mine dams closed, exports collapse

Futures topped $90 a tonne on Wednesday amid increasing concern the crisis at Brazil’s Vale SA will be drawn out as regulators ordered dozens of dams to be shut.

Sable expands Margarita with best intercept to date

The company is targeting the project’s Margarita Vein, where it recently drilled the project’s best intercept to date.

Auditor that signed off on burst Vale dam appoints new Brazil CEO

German auditing firm TÜV SÜD AG has appointed a former Petroleo Brasileiro SA executive to head up its Brazilian subsidiary.

First Quantum plans $327m expansion of giant copper mine in Panama

The Canadian miner plans to expand Cobre Panama, located about 120 km west of Panama City, and 20 km from the Atlantic coast, from 85 million tonnes per year to 100Mtpy beginning in 2023.

Teck, Sumitomo close Quebrada Blanca transaction

Teck Resources and Sumitomo have closed their $1.2B transaction, giving Sumitomo a 30% indirect interest in the Quebrada Blanca copper project.

China's Ganfeng boosts stake in Argentina lithium project

Ganfeng Lithium Co plans to spend $160m to boost its stake in an Argentina project with Lithium Americas Corp from 37.5% to 50%.

Commodities' best quarter since 2016 is tough act to follow

Commodities had their best quarter in almost three years, but demand outlook is running into troubling signs in the U.S. and China, the two biggest consumers.

Eight miners suffocated in unauthorized gold mine in Peru

Peru is home to several "informal" mines, where miners toil at improvised mining sites that operate outside of the law.

Vale denied stability re-certifications on 17 dams, dikes

The decision comes on the same day a Brazilian court froze an additional 1 billion reais ($255 million) in assets as possible compensation for damages related to a recent evacuation of the area around the company's Vargem Grande dam in Minas Gerais state.

Condor Gold hails results from metallurgical test work at Nicaragua mine

Test at the company's 100%-owned La India gold project in Nicaragua confirmed 95.4% gold recovery from two samples in laboratory conditions.

Sierra Gorda union agrees deal with KGHM to avert Chile copper mine strike

The union threatened strike action in mid-March.

MMG’s subsidiary in Peru rejects blockade at Las Bambas, asks for dialogue

Since early February, the Indigenous community of Nueva Fuerabamba has been blocking a national highway called Corredor Minero del Sur.

Brazil's Vale proposes increase of board, more mining execs

According to a securities filing on Thursday night, three board members will be independent and nine will be appointed by controlling shareholders.

Chile's Codelco copper output drops in 2018, profits plunge

Pizarro said 18 labor negotiations at Codelco's mines affected its bottom line but that productivity increases kept costs in line with industry averages.

Maverix to buy most of the silver from Ascendant’s Honduran mine

The Vancouver-based company will make an advance payment of $7.5 million for the right to purchase 22.5% of the silver produced from El Mochito mine.

Brazil's Vale slashes iron ore sales estimate after dam burst

Vale SA estimates selling up to 75 million tonnes less iron ore this year, after several mines were halted following its second deadly dam burst in less than four years.

Chile's Codelco to boost production at El Teniente copper mine

Output increase would position the mine, which produced 465,000 tonnes of the red metal in 2018, among the world's five largest copper operations.

Brazil's Vale announces writedowns, profit after dam disaster

Vale posted fourth-quarter profit of $3.786 billion, compared with $771 million a year earlier.

Newmont readies leadership team post-merger with Goldcorp

Newmont's $10-billion acquisition of Canada’s Goldcorp is expected to close in the second quarter of the year.

UNEP, ethical investors join miners' quest for global tailings rules

Currently there are no set of universal rules defining exactly what a tailings dam is, how to build one and how to care for it after it is decommissioned.

B2Gold to invest $50 million in Fekola mine expansion

It could take the Malian mine gold output to 7.5-million tonnes a year from the current 6-million tonnes.

Norsk Hydro, Brazil prosecutor agree steps that could lead to Alunorte's full restart

The refinery, the world's biggest, has been operating at half capacity since early 2018, when Hydro admitted it had made unlicensed emissions of untreated water.

Union at KGHM's Sierra Gorda copper mine extends contract talks

The union intends to vote on a new contract proposal by Thursday and deliver their decision to management on Friday.