South America Mining News

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.

Bolivia sets high hopes on its lithium industry

The country began shipping lithium to China this week, in what is considered the first step towards fulfilling its ambitions to becoming the world’s No. 1 exporter of the commodity.

Here’s why silver is crushing gold — Pan American Silver CEO

Silver is up 40% to date, while gold has only gained about 28%.

Glencore tries to enforce its rights in Bolivia

Bolivia seized three of Glencore’s operations in nine years and the Swiss giant is now initiating arbitration proceedings against the South American nation.

Chile’s Codelco may slash copper output as it further cuts costs to the bone

The world's top copper miner admits to be facing its “worst crisis ever” since created in 1976.

Silver Wheaton bulks up on Brazilian gold

Silver Wheaton stock gets a boost from $800 million Vale goldstream buy.

Anglo American declines merger offer from Vedanta

Vedanta Resources’ chairman Anil Agarwal allegedly approached Anglo in several opportunities earlier this year to discuss potential tie-ups.

Teck delivers surprise profit, stock surges

Systematic cost cutting has taken some strain off Teck's balance sheet over the last few years as metal prices have slumped.

Anglo American narrows debt despite posting steep first-half loss

The miner said its turnaround plan was “on track” as it slashed debt and beat earnings forecasts in the first half of the year.

Peru losing its battle against illegal gold mining

A force of marines and rangers sent in the past days to raid the Tambopata reserve, in the country’s southern Amazon, has already been outnumbered.

Antofagasta lowers full-year copper output target, says surplus shows little sign of easing

The Chilean copper miner said full-year production would be at the lower end of the 710,000 to 740,000 tonnes it predicted in January.

Vale iron ore output falls in second quarter but still beats estimates

It produced 86.82 million tonnes of iron ore in the April-to-June period, down 2.8% from a year earlier.

Heavy snowfall in Chile forces Anglo to cut annual copper target

Shares plunged after miner revealed that output fell almost across the board in the April – June period.

Chinese eye Atlantic Canada’s lithium project

Lithium prices have soared in the past year, and demand is set to outstrip supply by 2023.

BHP unlikely to reopen Samarco this year amid Brazil’s criminal probe

The firm said about 40% of its Brazilian workforce would take voluntary redundancy to reflect reduced production.