Latin America Mining News

Miners rich in cash are aiming for fat dividends, debt payments

The mining industry is awash with cash, and so far it’s got two main uses — pay down debt and reward investors.

Glencore gives investors $2.9bn in dividends after ‘strongest’ results ever

The Swiss miner and commodities trader Glencore said its solid finances will let it to pursue more acquisitions if opportunities arise.

Southern Copper wins auction for massive Peru copper project

Rio Tinto, Teck Resources, Hudbay were among copper miners interested in $2 billion Michiquillay project in Peru.

Barrick exec. to chair Global Mining Standards and Guidelines Group

Barrick Gold’s Chief Innovation Officer, Michelle Ash, will become the new Chair of GMSG in May 2018.

Toyota to make cheaper electric motors by halving use of rare earths

Asia’s No.1 carmaker has developed a magnet that reduces dependence on neodymium, a key rare earth metal used in the world’s most powerful batteries for electric vehicles.

Colombia coal output down slightly in 2017 to 89.4 million tonnes

The biggest players in Colombia's coal industry are Drummond Co, Glencore Plc, Murray Energy Corp's Colombia Natural Resources, and Cerrejon.

Mosaic says quarterly revenue rises 12 pct

Company said rising potash and phosphate prices boosted net sales.

2017 gold deposits boasting the highest-grade drill intersections

8,126 grams per meter!

Japan's Mitsui wants more of Chile's Collahuasi copper mine, but none of Los Pelambres

Mitsui’s investments in Chile’s copper industry date back to the 1990s and it now has minority interests in a number of the country’s leading mines.

Vale’s iron ore output hit record high in 2017

Output of the steelmaking material reached 366.5 million tonnes last year, boosted by record high productionat Vale's northern system, which composed of its Carajás, Serra Leste and the massive S11D mine.

US Congress members send letter to Guatemala's president urging improved investment climate

The current environment in Guatemala is actively harming American companies doing business in the country.

Kinross secures low-cost power for Brazil’s largest gold mine

With the acquisition of two hydroelectric plants, the miner expects to eliminate about 70% of future power purchases.

INFOGRAPHIC: The true costs of artisanal mining

Artisanal and Small-Scale Mining (ASM) has become a major of revenue for millions of people in about 80 countries worldwide, with more than 100 million people currently depending on the activity for their livelihoods. But at what costs?

Fura Gems to restart Colombia’s iconic Coscuez emerald mine in April

New gemstones mining and marketing company is stepping up efforts to kick off operations at some of its key assets and help organize what it calls "a highly disorganized and fragmented industry."

Teck Resources down despite better profit in Q4

The firm, North America's No.1 producer of coking coal, said the boost in profit was mainly thanks to the reversal of an impairment charge related to an improvement in the outlook for steelmaking commodity.

Experts warn of civil unrest in Argentina as it readies to lift ban on open pit mining

President’s move to allow open pit mining in provinces until now opposed to it is part of a broader plan to double foreign investment to $25 billion in eight years.

Colombia bomb halts Cerrejon coal train; output, exports unaffected

The attack occurred late on Monday in northern La Guajira province where the open-pit coal mine is located.

BHP takes $1.8 billion hit from US tax reform

Charge is due to due to cuts in the US Federal corporate income tax rate, the world’s biggest mining company said.

Andes Iron and Chilean ME enter conciliation process over $2.5-billion project

Andes Iron appealed an August 2017 decision that forbade its copper and iron ore project from going forward.

MGX eyeing lithium brine assets in Chile

Without changing the way it operates, the Canadian miner now wants to set foot in the world’s second lithium producing country.

18 die in clash at Venezuelan gold mine

Eighteen people have been killed in Venezuela at an illegal gold mine following clashes with security forces.

Colombia's Cerrejon, union reach last-minute deal to avoid strike

The largest union at Cerrejon has reached an 11th-hour salary and benefits deal with the company, avoiding a strike, the union said on Thursday.

Why Tesla is turning to Chile for its lithium: Andy Home

Chile is an obvious place for Tesla's chief executive, Elon Musk, to look for secure supply, as the global lithium mother-lode is in the brine lakes of the country's Atacama desert.

For Barrick Gold the Pascua-Lama hits keep coming

$429 million impairment on the stalled project after Chile environment agency ordered final closure.

Investment poised to increase in Chile – central bank survey

Chile's economy is poised to improve by mid-year as rebounding copper prices and President-elect Sebastian Pinera's promise of business-friendly policies increase optimism among investors.