Latin America Mining News

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.

Vale dam collapse: Panic after fresh alert at another mine in Brumadinho

An alarm warning of an imminent mining dam rupture was issued on Sunday morning near Brumadinho, the same Brazilian community where the collapse of Vale's dam on Friday killed at least 58 and left over 400 more feared dead.

Almaden Minerals rejects activists’ letter to Mexican president

The Canadian miner deemed as false the allegations in a letter given by a group of activists to the Mexican president, Andrés Manuel López Obrador.

Codelco and Ennomotive challenged engineers to find creative uses for copper-graphene nanocomposite

Sixty-five engineers from 15 countries came up with ideas.

Vale's tailings dam bursts after end-year rebound in iron ore prices

As early as next week, iron ore prices may start to reflect the impacts of Vale's dam bursting at Corrego de Feijao in Brumadinho.

Workers at Prodeco's Colombia coal port vote down proposed strike

Only eight out of 115 workers voted in favor of a strike, much less than the overall worker majority required for a legal strike.

Mirasol Resources expands in southern Argentina

The Vancouver-based miner is consolidating the Sascha - Marcelina project to make it 30,600 hectares big.

Colombia extends Drummond contract on coal mine for 20 years

The contract will generate at least $586 million in royalties, income and social project investment during its lifetime.

Hundreds still missing following Vale's dam break in Brazil

Nine bodies had been recovered by Saturday morning.

Chile strikes deal with lithium miner Albemarle in contract dispute

The dispute centered around a contract term that requires Albemarle to provide as much as 25 percent of its annual production of lithium at a discount.

Small group of Prodeco's Colombia coal port workers to vote on strike

It is improbable that a strike would have an impact on total exports.

SQM just made it very difficult for Tianqi to access company secrets

The lithium miner, the world’s second largest producer of the white metal, has approved additional measures to protect corporate data considered confidential from China'a Tianqi, which recently bought almost a quarter of the Chilean company.

Orinoco Gold and AngloGold Ashanti start working on JV in Brazil

The announcement was made after both companies confirmed the original terms of an earn-in agreement they signed back in 2017.

Anglo American rides out iron ore hitches in strong 2018

Copper production reached a five-year high, more than offsetting output declines at Minas Rio in Brazil and Kumba in South Africa.

Mapped: Foreign direct Investment by country

The data comes from a recent report by the United Nations Conference on Trade and Development.

Goldsource drills near surface gold at Salbora in Guyana

The company estimates the target’s surface foot print is 500 metres long by up to 100 metres wide, it remains open in all directions.

Fresnillo’s 2018 silver output hit record high, to be lower this year

The miner, the world's largest primary silver producer and Mexico's No. 2 gold company, expects production of the grey metal to fall this year to between 58 and 61 million ounces.

Many Toronto-listed miners don't disclose environmental and social info — report

The Responsible Mining Foundation says companies gain from strengthening their ability to ‘know and show.

Strong last quarter leads Antofagasta to record copper output in 2018

The miner produced 220,000 tonnes of the red metal in the three months to December, up 16% from the previous quarter, boosted by higher throughput and improved copper grades.