South America

Anglo fined $6.2m for environmental breaches at Los Bronces mine in Chile

Cecilia Jamasmie | May 5, 2015
Anglo fined $3.8bn for environmental breaches at Los Bronces mine in Chile

The environmental watchdog said the fine was calculated based on at least five infractions detected at the operation and the mine's facilities.

Goldman Sachs mulls selling Colombia’s coal mines

Cecilia Jamasmie | May 4, 2015
Goldman Sachs mulls selling Colombia’s coal mines

The sale would put an end to Goldman’s rocky involvement in raw-materials production.

Workers end two-week long strike at BHP’s nickel mine in Colombia

Cecilia Jamasmie | May 4, 2015
Workers end two-week long strike at BHP’s nickel mine in Colombia

It's estimated that the labour action generated about US$26 million in losses, forcing BHP to declare force majeure last week.

Former BlackRock mining fund manager joins Barrick Gold

Cecilia Jamasmie | May 1, 2015
Former BlackRock mining fund manager joins Barrick Gold

Catherine Raw, from one of the UK mining sector's best known fund managers, is assuming as the company's Business Performance Executive Vice President.

Cecilia Jamasmie

Here is why Venezuela traded 1.4 million ounces of its gold reserves to Citi

Cecilia Jamasmie | April 30, 2015
Here is why Venezuela traded 1.4 million ounces of its gold reserves to Citi

The nation signed a complex deal with Citibank to swap $1 billion in cash for about 1.4 million ounces of its gold reserves.

Vale falls victim of the iron ore slump, posts $3.2bn loss

Cecilia Jamasmie | April 30, 2015
Vale falls victim of the iron ore slump, posts $3.2bn loss

Today's results are the lowest earnings Vale has reported in six years and its third straight quarterly loss.

Goldcorp posts loss on lower margins, higher tax

Cecilia Jamasmie | April 30, 2015
Goldcorp posts loss on lower margins, higher tax

The company's stock is being ripped apart on both, the New York and the Toronto Stock Exchanges as a result.

Antofagasta cuts copper output forecast over rain, protests in Chile

Cecilia Jamasmie | April 29, 2015
Antofagasta cuts copper output forecast over rain, protests in Chile

Torrential rain in Chile's desert region and environmental protests dented first-quarter output, forcing the miner cut its annual production forecast.

Majority of Barrick’s shareholders rejects compensation plan

Cecilia Jamasmie | April 28, 2015
Majority of Barrick’s shareholders rejects compensation plan

As much as three quarters of investors voted in favour of a non-binding motion to change the way the gold giant compensates its executives.

Codelco to send robots inspect equipment at Gabriela Mistral mine

Cecilia Jamasmie | April 28, 2015
Codelco to send robots inspect equipment at Gabriela Mistral mine

The company, dealing with aging mines, has been leaning on a wide range of new technologies to reduce operating costs and increase efficiencies.

Barrick begins sale of stake in Chile’s Zaldivar copper mine

Cecilia Jamasmie | April 28, 2015
Barrick begins sale of stake in Chile’s Zaldivar copper mine

Chinese companies, private equity firms including Mick Davis’s X2 Resources, and even Teck Resources are rumoured to be among the potential buyers.

Barrick faces fresh opposition to executive pay plan

Cecilia Jamasmie | April 24, 2015
Barrick facing fresh opposition to executive pay plan

The Canada Pension Plan Investment Board will vote against the gold miner’s executive compensation structure next week.

Antofagasta's Los Pelambres mine is safe — Chile’s court

Cecilia Jamasmie | April 24, 2015
Antofagasta's Los Pelambres mine is safe — Chile’s court

La Serena appeals court unanimously rejected a lawsuit presented by locals, which claimed the massive tailing dam had dried up a nearby stream and contaminated underground water.

One killed at protests against Tia Maria copper project in Peru

Cecilia Jamasmie | April 23, 2015
One killed at protests against Tia Maria copper project in Peru

Farmers, anti-mining activists and local leaders have opposed the project for years, claiming it will pollute key waterways for Arequipa, where the mine will be built.

Chile to fine Barrick over ten new environmental violations

Cecilia Jamasmie | April 23, 2015
Chile to fine Barrick over ten new environmental violations

The country's Superintendence for the Environment (SMA) also said the miner has not properly monitored the impact on nearby glaciers.

Vale hits new iron ore production record

Cecilia Jamasmie | April 22, 2015
Vale hits new iron production record

It produced 77.4 million tonnes of iron ore in the period, up 4.5% from a year earlier.

Prospect generator Miranda Gold (MAD.V) chases discovery in Colombia and high-grade production in Alaska

CEO.CA | April 17, 2015

Miranda Gold CEO Ken Cunningham sees 2-3 more difficult years ahead for mining investors, which gives his company more time to acquire and advance its projects with less competition.

Codelco to unveil plan to speed up delayed Chuquicamata mine expansion

Cecilia Jamasmie | April 16, 2015
Codelco to unveil plan to speed up delayed Chuquicamata mine expansion

The plan seeks to tackle an almost yearlong delay in the project to turn century-old Chuquicamata open pit mine into an underground operation.

Southern Copper's $1.2bn Toquepala mine expansion OK’d

Cecilia Jamasmie | April 16, 2015
Southern Copper's $1.2bn Toquepala mine expansion OK’d

The expansion will boost the capacity of the Peruvian mine's copper concentrator to 120,000 tonnes per day from 60,000.

Move over Codelco: Freeport plans to be the world’s No.1 copper miner

Cecilia Jamasmie | April 13, 2015
Move over Codelco: Freeport plans to be the world’s No.1 copper miner

But China’s slowdown, rising costs and falling prices may get in the way.

Southern Copper’s Tia Maria safe for the environment — Peru minister

Cecilia Jamasmie | April 10, 2015
Southern Copper’s Tia Maria safe for the environment — Peru minister

Minister of the Environment Manuel Pulgar-Vidal said the debated and long-delayed copper mine won’t hurt water supplies as opponents claim.

World’s largest copper producer Chile slashes 2015 output forecast

Cecilia Jamasmie | April 7, 2015
World’s largest copper producer Chile slashes 2015 output forecast

Mostly due to a lower estimate from Anglo American's projects and the Zaldivar mine, which is operated by Barrick.

Chile’s Codelco the first miner to join the Industrial Internet Consortium

Cecilia Jamasmie | April 3, 2015
Chile’s Codelco the first miner to join the Industrial Internet Consortium

Among other applications, Codelco is interested in implementing worker location services and remote equipment assessments.

Anglo American drops Peru copper project

Cecilia Jamasmie | April 1, 2015
Anglo American drops Peru copper project

The news comes on the heels of a report showing that less than half of existing copper projects are really needed to meet current demand.

Vale CEO Murilo Ferreira to lead Petrobras

Cecilia Jamasmie | March 27, 2015
Vale: Iron ore price to improve second half of the year

Vale's Murilo Ferreira has been nominated as Petrobras' next board chairman, while the company still scrambles to deal with the fallout from a vast corruption scandal.

JX, Mitsui Mining halt Caserones mine, to take a $421M write down

Cecilia Jamasmie | March 26, 2015
JX, Mitsui Mining halt Caserones mine, to take a $421M write down

The company said the suspension of operation at the copper is momentary, as northern Chile is being hit by torrential rain and snow.

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