South America

BHP tipped as favourite in race for Barrick’s Zaldivar mine in Chile

Cecilia Jamasmie | June 29, 2015
BHP tipped as favourite in race for Barrick’s Zaldivar mine

BHP already operates the world’s largest copper mine, Escondida, which sits, quite literally, across the road from Zaldivar.

Chile may revoke Teck’s copper mine permit over environmental breaches

Cecilia Jamasmie | June 23, 2015
Chile may revoke Teck’s copper mine permit over environmental breaches

Teck is facing sanctions over infractions that include openings in the deposit where the ore is stored and a failure to build sufficient water infrastructure.

Workers at Chile's Collahuasi copper mine end strike

Cecilia Jamasmie | June 16, 2015
Workers at Chile's Collahuasi copper mine end strike

The 24-hour stoppage did not affect operations, according to the mine management.

Mining investments in Chile to reach $64 billion by 2025 — report

Cecilia Jamasmie | June 5, 2015
Mining investments in Chile to reach $64 billion by 2025 — report

According to the state copper commission, Chile’s portfolio of planned mining investments remains the largest in Latin America.

Pacific Potash risks mining rights in Brazil over $2.1 million tax debt

Cecilia Jamasmie | June 5, 2015
Pacific Potash risks mining rights in Brazil over $2.1 million tax debt

This is not the first time the company’s rights for its Amazonas project have been at risk of being revoked for failure of tax payments.

Southern Copper mulls extending Tia Maria project halt

Cecilia Jamasmie | June 5, 2015
Southern Copper mulls extending Tia Maria project halt

The company could extend a 60-day pause in effect since late May to allow locals more time to clear up their doubts about the project’s environmental impact.

Chile may be China’s next competitor in the rare earths market

Cecilia Jamasmie | June 4, 2015
Chile may be China’s next competitor in the rare earths market

Chilean company Mineria Activa is stepping up efforts to grab some of that market in a much greener way than China,

Chile regulator seeks sanctions against Lundin’s Candelaria mine

Cecilia Jamasmie | May 27, 2015
Chile regulator seeks sanctions against Lundin’s Candelaria mine

Inspections that took place between 2013 and 2014, revealed 16 infractions, nine of which were considered very serious.

Chile’s Codelco sues Vale, Brazilian Department of Mines over exploration license

Cecilia Jamasmie | May 26, 2015
brazil-carajas

After spending over US$3.3 million in exploration and development of the Liberdade copper project, Codelco is facing Vale's claims that it has an older and still valid licence for the property.

Cecilia Jamasmie

China’s Zijin inks deals with two Canadian firms on the same day

Cecilia Jamasmie | May 26, 2015
China’s Zijin grabs stake in two Canadian firms on the same day

Perhaps the most important aspect of today’s agreements is the fact that both aim to form long-term strategic partnerships to collaborate on further ventures, opening new markets for all the firms involved.

Barrick sells 50% in Papua New Guinea unit to China's Zijin

Cecilia Jamasmie | May 26, 2015
Barrick sells 50% in Papua New Guinea unit to China's Zijin

The deal is part of a long-term strategic cooperation agreement that will see Zijin and Barrick collaborate on future projects and joint investments.

Barrick sells Cowal mine to Evolution Mining for $550 million

Cecilia Jamasmie | May 25, 2015
Barrick sells Cowal mine to Evolution Mining for $550 Million

With the acquisition Evolution Mining will become Australia's second largest gold producer.

State of emergency in Peru as anti-mining violence leaves 4 dead, dozens arrested

Cecilia Jamasmie | May 25, 2015
State of emergency in Peru as anti-mining violence leaves 4 dead, dozens arrested

The move suspends civil liberties, allowing police and troops to enforce curfews in an effort to end two months of fresh violence in Arequipa.

Cecilia Jamasmie

Struggling Argentina expects US$14 billion in mining exports

Cecilia Jamasmie | May 21, 2015
Struggling Argentina expects US$14 billion in mining exports

The return to higher exports would be driven in part by at least 16 major projects likely to go into production within five years.

A mining investor’s guide to toll milling in Peru

CEO.CA | May 21, 2015
peru 400

Mining engineer Jamie Keech travels to Peru to learn about the toll milling business model that a lot of juniors are embracing.

Chile calls for better mining industry recognition of enviro-social concerns to avoid project stranding

Field Public Relations | May 21, 2015
Barrick's Pascua Lama workers drop strike

Chile, the world’s biggest copper producing country, has warned that the global resources sector needs to pay far more attention to its environmental and social licence obligations if new projects worth billions of dollars are to get up.

Chile strikes BHP Billiton copper project off development timeline

Copper sector needs nine Escondida mines over next decade to meet global demand: Rio Tinto

The Chilean government has removed BHP Billiton's US$4 billion Spence copper expansion project from its 10-year development timeline, saying it expects the world's largest miner will miss its targeted deadline of first production by 2020.

Mitsui mulls expanding into food, drugs sectors to offset profit drop

Cecilia Jamasmie | May 20, 2015
Mitsui mulls expanding into food, drugs sector to offset profit drop

The firm created a new division in April to evaluate deals in those areas, and in the past six months has made mining infrastructure-related investments in the U.S. and Africa.

Peruvian discovery may hold ‘hidden pool’ of rare earths

Cecilia Jamasmie | May 19, 2015
Peruvian discovery may hold ‘hidden pool’ of rare earths

Capacscaya also has significant amounts of copper, zinc, cobalt, aluminum and iron ore.

Cecilia Jamasmie

Copper, nickel prices likely to be hit by El Niño event

Cecilia Jamasmie | May 13, 2015
Copper, nickel prices likely to be hit by El Niño event

The recurring phenomenon — a warming of the Pacific Ocean as part of a complex cycle linking atmosphere and ocean — has in the past affected mine output, triggering price spikes.

Giving up on iron ore best option for Anglo American — Investec

Cecilia Jamasmie | May 13, 2015
Giving up on iron ore best option for Anglo American — Investec

The bank says Anglo could use the funds it gets for dividends and to invest in its much stronger sectors, copper and diamonds.

Glencore under fire on Colombia coal mines

The commodity and mining firm is battling activists who allege its Colombian coal mines have whisked profits out of the country, while causing environmental and labor issues.

Major blow to illegal mining in Colombia’s Amazon: 59 arrested

Cecilia Jamasmie | May 12, 2015
Major blow to illegal mining in Colombia’s Amazon: 59 arrested

The country's armed forces raided 63 illegal mines operated by leftist guerrillas, blowing up machinery and arresting dozens.

BSGR ordered to hand over Simandou-related documents to UK anti-corruption body

Cecilia Jamasmie | May 8, 2015
BSGR ordered to handle Simandou-related documents to UK anti-corruption body

The UK High Court ruling is the latest setback BSG Resources, which is fighting on multiple legal fronts over the alleged corruption case.

Peru silver production up almost 9% this year

Cecilia Jamasmie | May 6, 2015
Peru silver production up almost 9% this year

Last year, the nation’s silver output reached about 3.3 million tonnes, making it the second biggest producer of the precious metal after Mexico.

Anglo fined $6.2m for environmental breaches at Los Bronces mine in Chile

Cecilia Jamasmie | May 5, 2015
Anglo fined $3.8bn for environmental breaches at Los Bronces mine in Chile

The environmental watchdog said the fine was calculated based on at least five infractions detected at the operation and the mine's facilities.

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