South America Mining News

Zijin, Shandong go after Barrick Gold’s Veladero mine in Argentina

The potential sale of a 50% stake in Veladero mine could fetch Barrick more than $1 billion, sources familiar with the matter say.

Anglo American soars on positive production report

Shares were up more than 5% after the firm posted higher output across all divisions, except for copper, and said market conditions for its diamond business had improved.

Protest ends at MMG’s Las Bambas copper mine in Peru, exports to resume

The process of restoring calm in local communities and the re-opening of essential infrastructure is now underway, said the miner Monday.

Worker dies at La Escondida mine

La Escondida is 57.5% owned by BHP Billiton and 30% owned by Rio Tinto.

Argentinian province to launch mining referendum

A moratorium in place since 2003 bans open-pit mining and the use of cyanide for metal recovery.

Peruvian farmer who died in protest against MMG’s Las Bambas mine was shot to death — Gov’t

He is the first person to die in clashes over mining under new President Pedro Pablo Kuczynski.

CEO Gary Goldberg dishes on Newmont Mining's aggressive investment program

"I'm a mining engineer so I always like to see the equipment. That's always fun to get out and see, and especially how technology is being applied."

The race for lithium heats up

Is lithium the new super-mineral? Analysts seem to think so.

Antofagasta's Los Pelambres mine faces potential $24 million fine, closure

Chile's environmental regulator has drawn up nine charges against the copper mine for mismanaging water resources and nearby flora.

NGOs want Venezuela to halt mining concessions, claim violations of Indigenous rights

Advocacy groups are taking issue at the Mining Arch of the Orinoco River National Development Strategic Zone.

World's largest miner gets rejected

SolGold says BHP Billiton's offer not in its best interest.

CHART: Copper price slump devastating Chile state finances

Mining-related income now accounts for just 1.5% of government revenues, down from a peak of over 34% in 2006.

Chile's Codelco delays $2.25 billion in investments on copper prices slump

Phase two of its Radomiro Tomic sulphide project and a new level at El Teniente, are the most affected projects.

Operations resume at Barrick’s Veladero mine

The miner said it didn't expect the18-day suspension to have a significant impact on its 2016 operating guidance for Veladero.

Chinese firm buys Anglo American niobium and phosphate operation in Brazil

CMOC bought Fosfatos Brasil Limitada and Nióbio Brasil Limitada for US$1.7 billion.

Barrick Gold’s Veladero mine to remain suspended

Provincial mining police found Barrick had not installed security cameras and sensors as required.

Is Barrick Gold's Veladero mine reopening soon?

In a matter of hours, officials from the Argentinian province of San Juan will deliver a technical report that will seal the fate of Barrick Gold’s Veladero mine.

Sandspring looking at “gold only” prospect in Guyana

Gold producers in the area have to deal with geopolitical hassles.

Strike ends at Anglo American Los Bronces mine in Chile

Los Bronces, Anglo American’s flagship operation, is expected to produce between 600,000 and 630,000 tonnes of copper this year.

Barrick Gold halts Veladero mine on fresh cyanide spill

The incident happened on Sep. 8, when a pipe carrying process solution in the heap leach area was struck by a large block of ice that had rolled down the heap leach valley slope, Barrick said.

Codelco warns strike at Salvador mine risks division’s future

Salvador, Codelco’s smallest operation, has been battling to turn a profit after dwindling ore grades pushed up production costs.

Barrick appoints new exec to restart Argentine side of Pascua-Lama

George Bee will assume as vice president of the Argentine side of the project effective Sep. 12.

Barrick signs on to Venezuela gold push as oil sinks economy

President Nicolas Maduro turns to mining as a way to boost one of the fastest-shrinking economies in the world.

Striking Bolivian miners lift roadblock after killing country’s deputy minister

Rodolfo Illanes (56) was kidnapped Thursday, tortured and beaten to death according to officials.

Colombia to penalize illegal gold mining with up to 12 years in prison

The Colombian Congress is discussing a bill that introduces the term “ecocide” to classify the effects of illegal mining and that would set harsh penalties for those who commit such crimes.