South America

When it rains…Iron ore, gold miners the most vulnerable to Ebola risk

Cecilia Jamasmie | November 26, 2014
When it rains…Iron ore, gold miners the most vulnerable to Ebola risk

Report shows there are 39 assets in production within the Ebola-affected region.

BHP warns more cost cuts, management shake up before demerger

Cecilia Jamasmie | November 24, 2014
BHP warns more cost cuts, management shake up before demerger

The world's largest miner has stepped up its cost-cutting plans as it battles a sharp slide in iron ore, coal and oil prices.

Goldcorp to open Argentina’s Cerro Negro gold, silver mine in February

Cecilia Jamasmie | November 20, 2014
Goldcorp to open Argentina’s Cerro Negro gold, silver mine in February

The mine is expected to produce 4,000 tons/day of gold and silver concentrate during its 23 years of life.

Gold Fields Q3 drops, CEO says most gold miners ‘under water’

Cecilia Jamasmie | November 20, 2014
Gold Fields Q3 drops, CEO says most gold miners ‘under water’

The miner, structured to "break even" at $1,050 per ounce, warned it would have to re-think the business if bullion prices dip below $1,000 and stayed there for a while.

Peru blows up machines to scare away illegal gold miners

Cecilia Jamasmie | November 19, 2014
Peru blows up machines to scare away illegal gold miners

Just weeks before the country hosts U.N.-sponsored climate talks.

Strike at Peru's top copper mine not hurting output: firm

Cecilia Jamasmie | November 18, 2014
Strike at Peru's top copper mine not hurting output: miner

But unionized workers insist on claiming that Antamina's output would likely drop by at least 90%.

Vale iron ore chief abandons ship amid price crisis

Cecilia Jamasmie | November 17, 2014
Vale iron ore chief abandons ship amid price crisis

The world's largest iron ore producer said the new division head will focus on increasing efficiencies.

Glencore, Mick Davis among suitors of Anglo American mines in Chile

Reuters | November 14, 2014
Former Xstrata CEO Davis gets a $1bn injection for new venture

Glencore and X2, a company set up by former Xstrata boss Mick Davis, are among the suitors of the Chilean copper assets put up for sale by global miner Anglo American.

Barrick names new executive director for Pascua-Lama

Cecilia Jamasmie | November 13, 2014
Barrick names new executive director for Pascua-Lama

The news come only a day after the project executive director in Chile, Eduardo Flores, told local media that Barrick was hopeful it could find a way forward with the long-delayed mine.

Barrick to push ahead with Pascua Lama, ‘no margin for error’

Cecilia Jamasmie | November 12, 2014
Barrick to push ahead with Pascua Lama, ‘no margin for error’

Finishing the project would take time and around $4 billion more of what Barrick has already invested.

With the ongoing global skills shortage within mining is it time to get the job seeker's perspective?

Worldwide Recruitment Solutions | November 12, 2014
local workers

A global survey of over 5,300 job seekers sheds some light on the issues in the war for talent which the Mining sector continues to face.

Canada injects $300m in Chile’s copper giant Codelco

Cecilia Jamasmie | November 12, 2014
Canada injects $3m in Chile’s copper giant Codelco

The world’s biggest copper producer will, in turn, procure goods and services from Canadian companies.

BHP closer to unveiling details of upcoming spin-off

Cecilia Jamasmie | November 9, 2014
BHP closer to unveiling details of upcoming spin-off

The world’s largest miner is only two weeks away from shedding more light on an upcoming spin-off of unwanted assets.

Goldcorp working on new plan for El Morro project in Chile

Cecilia Jamasmie | November 7, 2014
Goldcorp to work on new environmental study for El Morro project in Chile

The move comes as Chile's Supreme Court halted the $3.9 billion gold and copper project last month.

New fatality at Codelco’s El Teniente copper mine

Cecilia Jamasmie | November 7, 2014
New fatality at Codelco’s El Teniente copper mine

Another contractor died at the mine only two weeks ago.

Imminent strike at Peru’s largest copper mine supports price

Cecilia Jamasmie | November 6, 2014
Imminent strike at Peru’s largest copper mine supports price

Talks aimed at preventing a November 10 strike at Antamina copper mine, broke down this week.

Mining the Antarctic a big no-no

Cecilia Jamasmie | November 3, 2014
Mining the Antarctic a big no-no

Costs and challenges for mining the Arctic, meanwhile, on their way up.

Colombian coal mine flooding kills 12

Cecilia Jamasmie | October 31, 2014
Colombian coal mine flooding kills 12

A perforation made in a subterranean water source had flooded the underground mine late Thursday.

Weak iron ore prices cause Vale $1.44 billion loss in Q3

Cecilia Jamasmie | October 30, 2014
Weak iron ore prices cause Vale $1.44 billion loss in Q3

While the miner produced a record amount of iron ore, turmoil in currency and commodity markets overshadowed any production gains.

Goldcorp takes $36 million writedown on Mexican mine

Cecilia Jamasmie | October 30, 2014
Goldcorp takes $36 million writedown on Mexican mine

Value of low-grade ore stockpile at the Peñasquito mine dropped, raising average costs by $64/oz. and negatively affecting adjusted earnings by $0.04/share.

Vale’s CEO shortlisted to be Brazil’s new finance minister

Cecilia Jamasmie | October 29, 2014
Vale’s CEO shortlisted to be Brazil’s new finance minister

Analysts say only a business-friendly appointment followed by credible action to strengthen the fiscal accounts and control inflation would reassure markets.

Chile passes historic law to aid copper giant Codelco

Cecilia Jamasmie | October 29, 2014
Chile passes historic law to aid copper giant Codelco

It grants the world's No.1 copper miner an injection of US$4 billion for the next four years.

Oliver Gross says peak gold is here to stay

The Gold Report | October 27, 2014
Gold mines output to reach record high

Midtier producers will soon be desperate to buy low-cost, high-quality deposits.

Anglo American ships first iron ore from Brazilian Minas-Rio project

Cecilia Jamasmie | October 27, 2014
Anglo American ships first iron ore from Brazilian Minas-Rio project

Once again Cutifani delivers — freight from Minas-Rio leaves for China by year-end and within the latest estimated budget.

Brazil’s Vale close to becoming world’s largest nickel producer

Cecilia Jamasmie | October 24, 2014
Brazil’s Vale close to becoming world’s largest nickel producer

The miner beat estimates after logging a 16% jump in Q3 nickel production, taking total output of the metal this year to 201,400 metric tons.

Chile’s Codelco to seal $1 billion deal with the UK

Cecilia Jamasmie | October 21, 2014
Chile’s Codelco to seal $1 billion deal with UK

The giant copper miner is also planning to sell about $8 billion of bonds over the next five years to help finance a nearly $30bn investment program aimed to revamp its aging mines.

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