Latin America Mining News

Samarco is said nearing settlement with Brazil prosecutors

Resolving the legal cases will allow talks with creditors to begin as the company starts to draft its long-term business plan.

Brazil's new mining code rules rolled out

The new rules are a clear effort to improve the current legislation as seamlessly as possible, but in close attention to the international industry dynamics and to a number of other sensitive issues (such as environmental recovery and security).

Mitsubishi ups stake in Anglo’s Quellaveco copper project in $600-million deal

Anglo will sell a 21.9% stake in its Peruvian copper project to Mitsubishi, increasing the Japanese firm’s stake in the venture to 40%.

Brazilian President changes decades-old mining laws to lure investment, protect environment

The two separate decrees aim at making the local industry more competitive and sustainable, while while implementing rules on the collection of higher mining royalties.

Australia takes over Chile as world’s No.1 lithium producer

It produced 4,600 tonnes of lithium more than Chile in 2017 boosted mainly by record output at Mt Cattlin and Mt Marion mines.

Kinross going ahead with expansion of Alaska gold mine

Project is expected to extend Fort Knox mine life to 2030 and generate 17% internal rate of return (IRR) at a low capital cost.

Workers at BHP's Spence copper mine in Chile approve labor contract

The deal also includes a 2 percent increase over current base salaries.

Vale moves ahead with long-awaited expansion of Voisey's Bay mine

Transiting Voisey's Bay nickel mine from open-pit operations to underground will cost about $2 billion, and is expected to extend its productive life to 2035.

Escondida union in Chile optimistic will reach deal with BHP

The union at the world's largest copper mine said BHP has promised to respond to its recent proposal for a new contract by 3 pm local time on Monday.

Five bodies rescued from collapsed mine in Mexico

A dam filled with liquid waste collapsed last Monday at Rio's Cieneguita mine in Chihuahua.

Billionaire schools teacher in NAFTA talks

How did we get here and what does this ratcheted-up trade war mean for Canada, the United States and investors?

Copper price: Chinese concentrate imports hit 18-year high

As scrap ban bites Chinese traders up May cargoes 37% year on year.

Northvolt begins building Europe’s largest lithium-ion battery plant

The battery cell maker is working on the first section of the factory, in Skellefteå in the north of Sweden, which will be completed in 2020 and produce eight gigawatt cell capacity per year.

Copper price rallies to highest since January 2014

Labour negotiations in the copper mining industry still left to resolve - including Escondida - represent about 2.6 million tonnes out of global copper supply.

Brazil’s President to change mining regulations as early as next week

Michel Temer is expected to issue a decree next week introducing key changes to mining rules that date back to the 1960s.

Rio Tinto signs JV exploration deal with China’s Minmetals

The companies are committed to explore for mineral deposits first in the Asian country and then the rest of the world .

OZ Minerals closer than ever to grabbing Brazil-focused Avanco

The takeover offer, which expires next week, offers great exploration potential because Avanco owns a vast landholding in the copper and iron ore-rich Carajás region, second only to giant Vale.

Solgold shares jump on Ecuador drilling

Up 8% at the open after intersects add more bulk to already massive Cascabel copper-gold project in north of South American country.

Miners creep through legal minefield as Brazilian scales tip

Global miners face a new reality in Brazil as local, judges included, react quicker and more ferociously to legal infractions.

Copper price soars to 3-month high

Up nearly 4% after union at world's only 1 million tonne copper mine demands owner BHP makes biggest bonus payout ever to Chilean mineworkers.

Chile's SQM hires ex-chairman Ponce as adviser, government says

SQM has retained former chairman Julio Ponce as an adviser despite an agreement to distance himself from the firm to end a long-running royalties dispute.

US lawmakers set bill seeking to control Trump on tariffs – key lawmaker

Some Republican lawmakers warn that Trump could trigger a trade war that would destabilize the economy and ultimately hurt American workers.

Mexico hits back on US steel, slaps tariffs on pork, bourbon

As of Tuesday, Mexico will impose tariffs of 15 percent to 25 percent on U.S. steel products.

About 75,000 jobs to go in Germany’s auto industry because of EVs — study

The country's car industry currently employs about 840,000 people, with 210,000 of them working on powertrain production, the sub-sector set to be the worst hit.