South America Mining News

Three dead, several injured after attack at Continental Gold site in Colombia

This is the second time this month the Toronto-based miner mourns the death of staff members in Colombia.

Lundin lowers costs, ups reserves for Ecuador's largest underground mine

The asset, discovered in 2006, is expected to produce to 4.6 million ounces of gold over a 15 year mine life. That’s 73,000 ounces more than what was indicated in the previous estimate.

How an Aussie miner and American tech company plan to extract lithium quickly in Argentina

Lake Resources and Lilac Solutions claim they can produce lithium carbonate or lithium chloride more rapidly and at a lower cost than others.

How Anglo quietly built a commodity trader in Glencore's shadow

In just five years, Anglo assembled marketing operations that now sell more metals than the company produces.

Nexa says to invest $1.17 bln in Peru, Brazil in five years

About $816 million will be invested in Peru, including $555 million in copper projects and $216 million in zinc.

After 103 years, Chile’s Codelco blasts at Chuquicamata pit for the last time

Chuquicamata, the company’s second largest copper operation by size, is expected to transition to underground block cave mining by mid-2019.

Yamana warns Argentina’s looming tax on exports could hit bottom line

Miner is mulling ways to mitigate the impact of Argentine President Mauricio Macri's surprise decision to impose a temporary tax on all exports to strengthen the country’s ailing economy.

Illegal miners caused ‘little damage’ at gold mine in Costa Rica: Minister

The project was operated by Canada’s Infinito Gold up to 2013.

Chinese aluminum gushes onto world markets on Rusal supply fears

Aluminum prices jumped in April after the U.S. announced sanctions on Rusal, the top supplier outside of China.

World’s biggest miner speeds hunt for copper assets, buys stake in SolGold

BHP will gain access to SolGold's Cascabel project, in northern Ecuador, believed to have the potential to become one of the largest copper-gold assets ever discovered.

Mining dust could be affecting Chilean glaciers: activists

Environmentalists say that glaciers close to mining sites could melt more rapidly.

Colombia asks for Venezuela's cooperation in case of five murdered miners

The workers were killed in a gold mine in the southern Bolívar state.

Tahoe Resources says there was attempted theft at its La Arena mine in Peru

The company said five holes had been dug on top of a pipeline carrying a solution of gold and cyanide.

Trump allows targeted relief on steel, aluminum quotas -Commerce Department

South Korea, Brazil and Argentina will benefit from the measure.

Seven new powerhouses to drive mineral demand: EMR exec

"It is not just China."

Venezuela to sell gold ingots to pensioners as inflation soars

The gold is meant as a more stable way for Venezuelans to hold their diminishing funds as inflation in the socialist nation runs at over 100,000 percent.

The latest episode in the Crystallex-Venezuela saga

PDVSA filed an appeal requesting that a Delaware court vacate a decision granting the Canadian miner the right to seize its U.S. assets.

Chile's miner Codelco makes new offer to striking Andina workers

More than 80 unionized workers of the Plantas de Andina union went on strike a week ago.

Vale's iron ore output will rise only if prices increase -CEO

Fabio Schvartsman said the company would ramp up annual production to 450 million tonnes only when prices rise.

Two people dead in mining accident in central Colombia

The provincial Secretary of Mines said that eight people have died in similar conditions this year.

Chile's Antofagasta expects more copper price volatility -media

Ivan Arriagada, chief executive of Antofagasta, said he expected copper prices to be affected by global uncertainty.

Lithium price: Chile giant’s scorched earth strategy

Playbook follows success in the iodine market

JX Nippon Mining, Mitsui dodge strike at Chile's Caserones mine

Main mine union accepted an adjusted contractual offer, which marks the end of the negotiation process and removes the threat of a strike.

China's Ganfeng grabs SQM's stake in Argentinean lithium project

The $87.5-million deal is the latest Chinese acquisition of a lithium project in South America, following Tianqi Lithium’s decision to buy 24% of SQM for $4.1 billion, which has not yet been approved by Chile’s antitrust regulator.

Copper vulnerable to supply shock as giant mine faces strike

Copper bears could get caught wrong-footed as a strike looms at the world’s biggest mine.