South America Mining News

Low copper prices force Codelco to revise underground expansion of Chuquicamata

Modifications seek to simplify aspects of the project originally approved in 2010 in order to optimize mineral handling.

Report blasts Antofagasta’s Minera Los Pelambres

Two days before Antofgasta's annual general meeting in London, an 18-pages long report by the London Mining Network slams Los Pelambres' environmental record.

BSGR may have to pay $1.2bn for no show at Simandou-related hearing

The company, which could lose the arbitration as a result, will have to pay the amount to former partner Vale.

Chinalco wants to be sole owner of world’s largest iron ore deposit

Move comes barely seven months after Rio Tinto agreed to sell it its stake in Simandou for up to $1.3 billion.

Colombia calls governments to stop ‘blood gold’ trafficking

The country has taken a page out of the diamond industry’s books by calling for international regulations aimed at cutting the amount of illegally-mined gold entering mainstream markets.

Argentina to pass new mining law this week

Governments, industry players, unions expected to sign federal mining agreement this week, which aims to double investment in the sector to $25bn in eight years.

Barrick may face 'negligence' charges over latest spill at Veladero — report

Local judge says the company failed to complete improvements that could have prevented the latest cyanide spill, the third such accident in less than 18 months.

Red Eagle exploration expands

Bob Moriarty of 321Gold describes the evolution of the Red Eagle franchise, which has successfully advanced projects in a volatile jurisdiction.

Czech mining industry pins hopes of revival on lithium

The European country holds between 1.2 to 1.4 million tonnes of lithium, located mostly around the tiny village of Cinovec, on the border with Germany.

More iron ore comes to the market as Anglo’s output soars in Q1

Both iron ore and diamond output rose in the first quarter thanks to a continued ramping-up of the company's Minas Rio mine in Brazil and improvements in the gem market.

Strike at Escondida hurt Rio Tinto copper output

Production for the first three months of the year slumped 37% compared with the same period of 2016.

Recent Escondida strike may push Chile into recession

Analysts believe that would increase the chances of the country joining Latin America’s ongoing political drift to the right in November’s elections.

Ecuador mining industry to grow eightfold by 2021 — report

Experts believe the value of the nation's dawning industry is set to jump from $1.1bn this year to $7.9bn in 2021 on a combination of revised regulatory framework and significant gold and copper reserves.

Thousands of balls to counteract drought effects at mining sites

To prevent liquids from evaporating, Exma proposes the use of a floating cover system composed of plastic balls

Plateau Uranium announces LOI for initial uranium offtake from Peruvian project

The deal with Curzon Resources could be the first potential sale of 7% the of future production from the Macusani project

GoldMining’s acquisition of La Mina to create massive gold-copper portfolio in Colombia

GoldMining announced the acquisition of all outstanding common shares of Bellhaven and its La Mina Gold Project in Colombia

Peru’s copper output slightly up

The Ministry of Energy and Mines revealed that the country’s copper production rose by 5.42% in February

Chile’s Codelco sets up lithium subsidiary

The unit is expected to help speed up the approval of legislation that allows the exploration and exploitation of the country’s vast lithium deposits.

Fiore Exploration to launch drilling campaign in Chile

Fiore Exploration CEO, Tim Warman, talked to MINING.com's Michael McCrae about the company's Pampas El Peñón gold project in Chile

Water scarcity, pollution to take shine off Latin American mining sector

In addition to raising costs for miners and delaying certain projects, the focus on the amount of water used by the extraction industry in the region will boost social pressure and anti-mining sentiment, experts say.

Barrick confirms selling half of Veladero to Shandong Gold for $960 million

Deal will also see the two firms looking at jointly developing the nearby Pascua-Lama gold, silver and copper project and evaluating additional investment opportunities in the area.

Chinese buying 50% of Barrick Veladero, Pascua Lama-report

Veladero could fetch more than $1 billion despite operational setbacks.

Escondida strike less damaging to Chile’s copper output than thought — report

Experts expect the country, which accounts for more 30% of the world's copper supply, to produce 5.4 million tonnes of the metal in 2017, slightly down from the 5.5mnt it yielded last year.

Newmont Mining reshuffles management in Australia

Newmont Mining Corporation has appointed experienced miner Alex Bates to lead the company’s business in Australia.

Beyond the Mine: Newmont publishes 2016 Sustainability Report

Newmont Mining Corporation today published Beyond the Mine, the Company’s annual report on its progress toward achieving its purpose – to create value and improve lives through sustainable and responsible mining.