South America
China's MMG board grants undivided approval for $5.85bn Las Bambas buy
Las Bambas will be one of the world’s largest copper mines after it starts up in 2015, with annual output equivalent to more than twice the amount of copper MMG currently produces.
Vale sees iron ore prices coming back to historical levels
CEO Murilo Ferreira thinks the ore may get close to 2011’s peak of $168 a ton.
Barrick Gold ousts CEO Sokalsky in major shakeup
The Toronto-based firm has shown president and CEO Jamie Sokalsky the door two years into the job, and less than three months after a breakdown in merger talks with its largest rival.
Grupo Mexico considers mining for rare earths
The news come only weeks after the government announced it would begin funding explorations projects to locate deposits of the coveted elements.
Barrick Gold gets partner to mine for copper in Saudi Arabia
The miner has agreed to form a joint venture with Saudi Arabian Mining Co (Ma'aden) to run its Jabal Sayid asset.
Lundin Mining acquires Freeport-McMoRan copper mine in Chile — report
The transaction would be worth over $2 billion.
Peru set to become world’s second largest copper producer in 2016
Currently China is the second largest producer of the red metal, with an annual output of about 1.6 million tonnes per year.
Job cuts coming to Antofagasta’s freshly combined copper operations
The copper miner controlled by Chile’s billionaire Luksic family, will cut jobs and costs through its new company Minera Centinela.
Chile’s Codelco to produce over 300 tons of silver this year
The company, already the world’s largest copper miner, wants to become one of the top silver producers too.
Chile's Supreme Court begins hearings on Barrick Gold’s appeal to $16m fine
The appeal follows a confusing ruling in March this year that revoked the penalty, the largest ever imposed in the country, only to force the country's environmental watchdog to rewrite it.
Freeport-McMoran mulls selling one of largest copper mines in Chile
Sale of Candelaria mine could raise several billion dollars, according to people familiar with the matter quoted by WSJ.com.
Barrick Gold ready to offload Montana-based Golden Sunlight Mine
The move is part of a now two-year-long move to shed non-core assets and pay back debts.
Venezuelan army said to have trespassed Guyanese border, attacked miners
Miner allegedly failed to pay the soldiers a periodical fee in exchange for them turning a blind eye to illegal mining on Venezuelan territory.
Anglo American goes ahead and puts platinum mines, other assets up for sale
The firm is offloading some of its historic South African platinum mines as part of a $4bn sale of under-performing assets.
Mining costs in Chile 350% higher than a decade ago: report
The country is also struggling with rising energy cost, which threatens the competitiveness of its copper industry and poses a major challenge for new developments.
Main opponent of Newmont's gold project in Peru in prison
Cajamarca region governor Gregorio Santos was ordered to jail for 14 months amid a corruption probe. Supporters claim he is being target of political repression for opposing Newmont's mine.
Colombia’s coal output recovering fast — up 33.8% in Jan-March
Total coal exports, however, fell 13.1% in the quarter, from 17.4 million tons in the first quarter of 2013 to 15.1 million tonnes in the same period this year.
Antofagasta creates one of Chile’s largest private copper miners
Minera Centinela will focus on an emerging mining district in copper-rich Chile's north.
China's top gold firm talking to Barrick, has Friedland 'hotline'
China's largest gold miner, China National Gold, is actively looking for partnerships and acquisitions around the world.
Vale and Amazon Indians begin talks after threats of setting mine on fire
Vale said the tribe wants to modify an agreement to mitigate the mine's impact on its community's development.
Chile’s Codelco appoints interim CEO
Octavio Araneda, VP of the company's central-south operations, will serve as interim CEO until a new leader is picked.
Chile gives lithium another try
Government created yesterday a national commission that will work on a new state policy for the exploitation of lithium.
Peru’s President allegedly financed campaign with illegal mining funds
Former head of the National Federation of Artisanal Miners of Peru claims the union gave Humala's party 17kg of gold to help finance his campaign.
Chile says no to $8bn hydroelectric project in Patagonia
The world’s top copper producer, however, is energy-starved, which has begun affecting the competitiveness of its mining sector and cramping economic growth.
'Iron lady' will define future of world’s top copper producer
Laura Albornoz, the first woman appointed director of Chile's owned Codelco, is meeting unions next week as she gets ready to vote on the company's budget.
Codelco removes CEO Keller after clash over cost cuts
Keller had been commended for his efforts to overhaul old mines and cut costs at Codelco, but his tough style is said to have triggered tensions within the company and its powerful unions.
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