South America Mining News

Fresh shake-up at Rio Tinto in aftermath of bribery probe

Russian-Canadian Vera Kirikova will become human resources group executive while Simone Niven will assume the corporate relations group executive post.

MMG’s Las Bambas copper mine forced to file new environmental plan

The move is part of the new government's strategy to rebuild trust on the project following deadly protests that halted exports from the mine in October.

Anglo American about to make key decision on South African assets sale

While the miner is not longer being pressed to include its platinum assets in the divestment plan, the issue of how to package mines and which ones to include, remains a bone of contention.

Barrick Gold brings in new director to regain strength in Latin America

The gold producer said the region will play an increasingly important role in its growth strategy.

Chinese-Korean group to build $2 billion lithium batteries plant in Chile

Based on the conglomerate's estimates, opening such plant would increase value of the product 35 times, comparing to what it could be obtained by just selling it as lithium carbonate.

Gemfields postpones emerald auction over India's ‘demonetization’

The auction of emeralds from the miner's Kagem operation in Zambia will now be in February.

Anglo's Los Bronces mine in Chile to remain shut until safe to resume work

Decision follows a fresh attack by hooded protesters who seized installations over the weekend.

BHP, Vale throw cash lifeline to their halted Samarco iron ore mine

Hefty new loans come as the Brazilian joint venture assesses whether it can reopen the iron ore mine where a dam disaster killed 19 people last year.

China to invest $1.3bn expanding Toromocho, its largest overseas copper project

Preliminary deal is part of a series of agreements signed this week that will see China pouring close to $5.3 billion into Peru’s mining and energy sector.

Dr. Copper hints mining sector officially out of intensive care

Prices for the metal soared again Thursday to more than $5,700 a tonne.

Teck Resources to buy Toronto’s AQM for $25 million

Move will give the Vancouver miner 80% ownership of Zafranal Peru copper mine project

Heads roll at Rio Tinto over Simandou probe — Davies, Valentine fired

Energy and Minerals chief executive Alan Davies said he would take the mining giant to court over his dismissal, adding there were “no grounds” for his termination.

Anglo's Los Bronces copper mine in Chile seized by protesters

About 100 hooded protesters have seized parts of the copper mine, Anglo American's biggest operation in Chile.

Rio learnt about Simandou dubious payment over a year ago — report

Company is said to have found out about the emails referring to a questionable $10.5m payment to a consultant over the Guinea project more than a year ago, not 'just' in August, as it claimed.

Rio Tinto staff shaken to the core by bribery probe — CEO

Speculation is running and some of what is being said strikes at the heart of the culture and values of the company, chief executive officer Jean-Sébastien Jacques said in an internal memo.

Chilean mining costs highest in the world, despite saving measures

Production costs in Chile, the world’s No. 1 copper producer, were 5.4% higher last year when compared to its global peers’ average.

Rio Tinto energy and minerals chief suspended over Simandou bribery claims

Alan Davies suspended after miner found payments made to consultant in 2011, when he was in charge of the iron ore project.

Major Aussie miners BHP, Hancock to mine in Ecuador — report

Ecuador began last month granting licences for new exploration areas, with over 300 of them to be awarded by the year-end.

The world's hardest working gold mines

Ten gold mines that timed the gold price rally to perfection – Barrick owns four of them.

Vale may reconsider selling $10 billion in core assets — report

If prices for the commodities it mines continue to pick up, the firm must cancel plans to sell some of its best assets.

Coal rally, cost cuts help Teck Resources swing to profit

The mining giant, North America's largest producer of steel-making coal, has raised its production forecast for the year.

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.