South America Mining News

Europe’s push for EVs a boon to Savannah’s Portugal lithium project

The company is close to making a decision on developing Mina do Barroso mine, which could become the first European supplier of spodumene, a lithium-bearing mineral.

Barrick on Newmont merger: "No decision at this time"

The Canadian gold giant confirmed it has reviewed the opportunity to merge with the US miner in an all-share deal.

Brazil mining authority halts two Vale complexes

The decision was made in light of a possible failure of five dams at both complexes, which are located in Minas Gerais, the same state where the Feijão mine dam collapsed last month.

Lundin Gold to step up exploration in Ecuador after securing $30m in financing

A syndicate of underwriters, co-led by GMP Securities and BMO Capital Markets, had agreed on a bought deal basis to buy 7.5 million shares at C$5.40 each.

Albemarle bullish on lithium outlook after 4th quarter profit

The world's largest lithium producer "sees nothing that could slow demand for the white metal used to make electric car batteries."

Newcrest ups stake in Ecuador with Cornerstone deal

Australia’s largest gold producer has signed an option and farm-in agreement with Toronto-listed Cornerstone Capital Resources over two early stage projects in Ecuador.

IAMGOLD reports 23% growth in gold reserves

The miner reported that Proven and Probable gold Reserves reached 17.9 million ounces at the end of 2018.

Lumina Copper faces charges, up to $55m fine for environmental breaches in Chile

This is not the first time the Chilean watchdog has fined Lumina.

LiCo Energy Metals withdraws from Chilean lithium project facing community opposition

The Vancouver-based miner said that management decided to leave Purickuta due to “unworkable property conditions."

Waterton steps up efforts to oust Hudbay Minerals CEO, board of directors

Toronto-based private-equity firm Waterton Global Resource Management is pushing for an overhaul of Hudbay Minerals’ board and the exit of the CEO, Alan Hair, over alleged "mismanagement."

BHP urges miners to create global body to oversee tailings dams

CEO Andrew Mackenzie said it was too early to say what impact the recent Vale tailings dam disaster will have on efforts to restart BHP and Vale's jointly owned Samarco mine, shut since November 2015 after a dam collapse killed 19 people.

Copper cops play game of cat and mouse around desert convoys

The new police unit has already had some success, arresting 11 people and seizing about 60 tons of mineral stolen from the copper mines.

Vale evacuates 200 people from town near its Mar Azul mine

The tailings dam at the iron ore mine is inactive so the miner said the evacuation is precautionary.

Eight Vale employees arrested in Brazil as part of dam collapse probe

Four people from the German consulting group Tüv Süd, company that certified the safety of Vale’s dams, were also detained.

Sierra Metals one step closer to expanding Yauricocha mine in Peru

Yauricocha's reserves are, in the proven category, 1.8 million tonnes and a little over 7 million tonnes in the probable category.

Peru environmental watchdog rules out tailings spill at Southern Copper mine

Peru's environmental regulator OEFA has concluded that mining waste from the company's Cuajone mine did not spill into a river during heavy rains last week.

Hochschild Mining halts Peruvian mine on low silver prices

The company said that any potential restart would be dependent on market conditions.

Barrick Gold posts $1.2 billion quarterly loss, sees cost rising in 2019

The company pinned the cost increases partly on mining ending at its low-cost Cortez Hills open pit in Nevada in the first half of the year.

Teck misses Q4 profit estimates on lower copper, zinc and oil prices

Canada’s largest diversified miner saw its quarterly profit drop 41.5 % from the year earlier, amid lower prices for copper, zinc and oil.

Peruvian authorities looking into possible tailings dam spill at Southern Copper’s Cuajone mine

The country's environmental agency OEFA detected a "flow of a greenish solution" into the nearby Torata River in the waste deposit area of the copper mine, located in the Moquegua region.

SolGold seeks support from Cornerstone's shareholders in bid for Ecuador project

SolGold is frustrated at the rejection of its planned bid for Canadian firm Cornerstone, which holds 15% of the Cascabel copper-gold project in Ecuador.

At least three Chilean copper mines halted due to heavy rain

Codelco has halted operations at its Chuquicamata and Ministro Hales copper mines; Freeport-McMoRan suspended El Abra.

Hundreds evacuated in Brazil on fears over mining dams safety

About 700 people were evacuated from two towns located near tailings dams operated by Vale and ArcelorMittal on mounting fears after last month's breach at Brumadinho, the country's deadliest mine disaster.

Video shows exact moment when Vale’s dam collapsed

A video shows the exact moment when a dam at Vale’s Córrego do Feijão mining complex burst.

Vale forced to halt operations at Brucutu, largest mine in Minas Gerais

Brucutu, which has an annual capacity of 30 million tonnes of iron ore, is Brazil's second largest mine, behind Vale’s Carajás.