South America

Anglo American drops Peru copper project

Cecilia Jamasmie | April 1, 2015
Anglo American drops Peru copper project

The news comes on the heels of a report showing that less than half of existing copper projects are really needed to meet current demand.

Vale CEO Murilo Ferreira to lead Petrobras

Cecilia Jamasmie | March 27, 2015
Vale: Iron ore price to improve second half of the year

Vale's Murilo Ferreira has been nominated as Petrobras' next board chairman, while the company still scrambles to deal with the fallout from a vast corruption scandal.

JX, Mitsui Mining halt Caserones mine, to take a $421M write down

Cecilia Jamasmie | March 26, 2015
JX, Mitsui Mining halt Caserones mine, to take a $421M write down

The company said the suspension of operation at the copper is momentary, as northern Chile is being hit by torrential rain and snow.

Chile's court says Barrick’s Pascua-Lama has not damaged glaciers

Cecilia Jamasmie | March 23, 2015
Chile's court says Barrick’s Pascua-Lama has not damaged glaciers

The country's Environmental Court handed Monday a major victory to Barrick’s besieged Pascua-Lama gold, copper and silver project, straddling the border with Argentina.

US grants Peru $1m for Amazon clean-up due to illegal mining legacy

Cecilia Jamasmie | March 19, 2015
US grants Peru $1m for Amazon clean-up due to illegal mining legacy

Funds aim to help reduce the use of mercury and design remediation plans in Peru's southern regions.

Chile imposes 2nd highest fine in history to Pan Pacific Caserones mine

Cecilia Jamasmie | March 19, 2015
Chile imposes 2nd highest fine in history to Pan Pacific Caserones mine

Japan's top smelter, Pan Pacific Copper, will have to pay $11.9 million for breaching several environmental rules.

Chile’s court halts operations at Antofagasta copper warehouse

Cecilia Jamasmie | March 16, 2015
Chile’s court halts operations at Antofagasta copper warehouse

This is the second warehouse in less than two days the court suspends due to health risks from nearby particles.

Barrick to get $1.5 billion for Chilean copper mine

Cecilia Jamasmie | March 16, 2015
Barrick to get $1.5 billion for Chilean copper mine

The gold miner is said to be evaluating whether to put its Zaldivar copper mine on the block as it tries to meet an ambitious debt reduction target.

Antofagasta to appeal order to knock down Los Pelambres mine dam

Cecilia Jamasmie | March 10, 2015
Teck shares drop after denying merger talks

The ruling claims the dam has diverted the course of a local estuary, causing water shortages at a time of drought.

This is what the world’s largest underground mine looks like

Cecilia Jamasmie | March 10, 2015
This is what the world’s largest underground mine looks like

MINING.com visited Chile’s El Teniente mine, the world's largest underground copper operation and the sixth biggest copper mine by reserve size.

Chile launches national program to boost mining industry productivity

Cecilia Jamasmie | March 9, 2015
Chile launches national program to boost mining industry productivity

One of the goals is to support the creation of 250 local mining suppliers and have the sector exporting $10bn in knowledge-intensive solutions by 2035.

Expansion of Chile’s Sierra Gorda mine may cost up to $2bn

Cecilia Jamasmie | March 5, 2015
http://www.mining.com/wp-content/uploads/2015/03/expansion-of-chiles-sierra-gorda-mine-may-cost-up-to-2-billion-dollars.jpg

Majority owner KGHM International also said it is sticking to its commitment to invest US$9 billion over the next five years.

Colombia to speed approval of permits, crack down on illegal miners

Cecilia Jamasmie | March 4, 2015
Colombia to speed approval of permits, vows ‘zero tolerance’ to illegal miners

The country wants investors back and has vowed to reduce the time it takes to process permits to less than two months.

Potash Corp buys stake in Brazilian firm

Cecilia Jamasmie | March 3, 2015
Potash Corp buys stake in Brazilian firm

The move is a bet to become the company's main supplier and expand PotashCorp's presence in Latin America.

Vale’s shares dive as miner posts quarterly loss triggered by iron ore weakness

Cecilia Jamasmie | February 26, 2015
Vale’s shares dive as miner posts quarterly loss triggered by iron ore weakness

The world’s No. 1 iron ore producer by volume posted a second consecutive quarterly loss.

Will a dry spell in Chile curb a global oversupply of copper?

Cecilia Jamasmie | February 25, 2015
Chile’s dry spell to weigh on global copper oversupply

A raging seven-year drought affecting copper-rich Chile is making miners grow anxious, with BHP and Anglo American already reporting an impact in their operations.

Chile’s Codelco likely to buy Anglo’s unwanted copper assets — report

Cecilia Jamasmie | February 22, 2015
Chile’s Codelco likely to buy Anglo’s unwanted copper assets — report

Anglo’s assets up for grabs include three mines and a smelter valued at $1 billion.

MMG to begin pre-extraction at Las Bambas despite copper rout

Cecilia Jamasmie | January 29, 2015
MMG to begin pre-extraction at Las Bambas despite copper rout

The firm expects production at Ferrobamba, one of the four deposits that make up Las Bambas project, to start early next year.

Anglo American set for commodity slump-triggered charge

Cecilia Jamasmie | January 28, 2015
Anglo American set for commodity slump-triggered charge

The firm became the first major mining company to openly accept the toll that slumping commodity prices are taking on the global industry.

Anglo American mulls sale of more coal mines in Australia

Cecilia Jamasmie | January 23, 2015
Anglo American mulls sale of more coal mines in Australia

The operations that may be added to the list of assets for sale are Dawson and Foxleigh, in Queensland.

Peruvian rare earth discovery richer than initially thought

Cecilia Jamasmie | January 22, 2015
Peruvian rare earth discovery richer than initially thought

Geology consultants leading the project found the rare earth claim has the highest range of rare earth metals in Peru.

Colombian gold CEO involved in $970m laundering case arrested

Cecilia Jamasmie | January 22, 2015
Colombian gold CEO involved in $970m laundering case arrested

Prosecutors claim the gold company and its top executives are at the centre of a money-laundering scheme involving cocaine traffickers.

China’s alleged intentions to mine Antarctica spark global debate

Cecilia Jamasmie | January 21, 2015
China’s alleged intentions to mine Antarctica spark global debate

New evidence has emerged of China's interest in digging for oil, gas a minerals in the frozen continent.

Antofagasta buys Canada’s Duluth Metals, warns lower margins ahead as copper falls

Cecilia Jamasmie | January 19, 2015
Antofagasta buys Canada’s Duluth Metals, warns lower margins ahead as copper falls

With Duluht’s acquisition, Antofagasta takes control of the Twin Metals project, located in north-eastern Minnesota, which is set to become its first operation outside Chile.

Goldcorp strikes $440 million deal for Probe Mines

Cecilia Jamasmie | January 19, 2015
Goldcorp strikes $440 million deal for Probe Mines

The move will see the miner taking control of the Borden Gold project in northern Ontario.

Lust for gold eating up the world’s last rainforests: study

Cecilia Jamasmie | January 16, 2015
Lust for gold eating up the world’s last rainforests: study

Artisanal and illegal gold mining is fast extending its destructive reach into some of the world’s most untouched landscapes.

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