Underpinning investor confidence are the country’s vast mineral riches.
South America Mining News
Venezuelan NGO says illegal mining runs rampant in protected, Indigenous land
Kapé-Kapé says that guerrilla groups and illegal miners have joined forces and are destroying protected areas in the southern Bolívar state.
Thousands rally in Colombia against Minesa’s gold project
People in the north-central city of Bucaramanga are worried because the project sits just outside the Páramo de Santurbán.
Copper snapshot: Eight companies hunting for the red metal
Here’s a look at eight active juniors with substantial copper assets in their property portfolios.
BHP hit by $5 billion lawsuit over 2015 dam failure in Brazil
The group action suit describes in detail a series of failures and errors of judgment over several years leading to the collapse of the Fundão tailings dam in 2015, owned by the Samarco joint venture between BHP and Vale.
SolGold confident in new major copper-gold find in Ecuador
The Australian miner believes that Cascabel and now Porvenir are the first in a long, large and rich string of copper-gold projects it will develop in Ecuador.
Codelco not giving away gold watches anymore
For decades, the National Copper Corporation gave away expensive gold watches to workers that have been with the company for over 30 years.
Rio Tinto speeds up exploration at Winu copper find in Western Australia
Rio has so far drilled 24 holes at the site and will continue extensive drilling in months to come as part of its $250 million exploration program.
Hudbay Minerals settles board battle with shareholder Waterton
Canadian miner will elect 11 nominees of Waterton Global Resource Management, its second largest shareholder, as part of the settlement that ends a long-dragged out battle over control of Hudbay.
Chile's Codelco kicks off underground mining at Chuquicamata
More than 8,000 tonnes of ore have already been extracted since early April.
Guyana Goldfields CEO to go as miner settles proxy fight with founder
Scott Caldwell has agreed to stay as president and CEO of the Canadian gold miner while the search is underway.
Argentina expects $29B in mining investments in 2019
Mining has become the sixth most important sector when it comes to exports.
‘Communities not important’ says former Colombia mining head in leaked video
Santiago Urdinola, head of private firm Minesa and former president of the Colombian Mining Association, made the comment during a meeting about the company’s application for an environmental licence a large underground gold project.
Paris to decide fate of Russia-Canada gold mine in French Guiana
France’s environment minister is expected to announce in June the government’s official position on both Norgold and Columbus Gold's proposed open-pit mine and a precious metal industry in French Guiana.
Japanese owner of Chile’s Caserones copper mine said to be mulling sale
Asked about it, however, JX Nippon Mining — the metal unit of JXTG Holdings — declined to comment, adding it was not something that has already been decided.
Sandspring rethinks Toroparu in Guyana
Sandspring Resources is putting the finishing touches on a preliminary economic assessment for its Toroparu gold project in the South American country.
MMG’s Las Bambas copper mine threatened with new blockade
The Nueva Fuerabamba community is willing to organize a new blockade if the government doesn’t archive the criminal complaints filed against members of his community taking part in the protests against Las Bambas in Peru.
Lumina Copper halts Chilean mine operations after worker's death
The cause of the accident that killed an employee of service provider Global Group Ingeniería is under investigation.
Waterton takes Hudbay Minerals to court
The Canadian miner's second-largest investor, Waterton Global Resource Management, has filed a lawsuit against the base metals producer in a bid to constrain its ability to solicit proxies.
Lundin Mining grabs Brazilian mine from Yamana in $1B deal
The Chapada copper-gold mine, in the northwest Brazilian state of Goiás, began production in 2007 and is expected to churn out about 54,500 tonnes of the red metal and 100,000 ounces of the precious one this year.
Rio Tinto injects another $302m into Resolution copper project in Arizona
Investment will go towards more drilling, orebody studies, infrastructure improvements and permitting activities.
Protesters block road used by Hudbay to transport copper in Peru
Members of the community of Tacrara were demanding compensation for the use of a road that, according to them, Hudbay’s trucks were not supposed to be using.
Las Bambas’ copper out to the markets after 68-day blockade
The Nueva Fuerabamba community agreed to let Las Bambas' trucks circulate through the Corredor Minero del Sur.
Antofagasta to decide on $3B Centinela mine expansion by 2021
Speaking on the sidelines of the World Copper Conference held this week in Santiago, chief executive Iván Arriagada said the company will only go ahead with the project if it meets Antofagasta’s return criteria.
Polish parliament’s lower house approves 15% cut to copper tax
If rubber-stamped by the senate, the move would give state-run KGHM a bit more room to breathe, as the miner has been struggling with rising costs, falling copper prices, technical problems and higher-than-expected capital spending in the past years.
