South America

Iron ore price in stunning turnaround

Frik Els | September 15, 2014
Iron ore price in stunning turnaround

Up nearly 4% on Monday; rallying after weeks of intense selling.

Ex-FBI boss hired by trust heading BSGR to run internal probe

Cecilia Jamasmie | September 11, 2014
Ex-FBI boss hired by trust heading BSGR to run internal probe

The internal probe is reportedly focused on claims that BSGR bribed Guinean officials to get lucrative rights over Simandou.

These are the top risks miners face

Cecilia Jamasmie | September 11, 2014
These are the top risks miners face these days

Productivity, followed by capital decisions and obtaining a social license to operate, are among the top risks global mining and metals companies face.

Ex-Codelco boss to lead power firm, push for Chile’s most controversial project

Cecilia Jamasmie | September 9, 2014
Ex-Codelco boss to lead power firm, push for Chile’s most controversial project

Colbun hopes to keep the massive $9 billion HidroAysen power project alive.

First female fatality in Chile’s mining industry

Cecilia Jamasmie | September 8, 2014
First female fatality in Chile’s mining industry

A 25-year-old female truck driver died when her vehicle flipped over near Antofagasta Minerals' Los Pelambres copper mine.

About 20% of Chile’s largest copper mines closed or reconverted by 2025

Cecilia Jamasmie | September 8, 2014
About 20% of Chile’s largest copper mines closed or reconverted by 2025

From the 5.8 million tons of copper produced last year, 1.2 million tons came from operations that are facing closure or conversion in 10 years.

About $50bn in mining investment expected in Guinea by 2025

Cecilia Jamasmie | September 4, 2014
About $50bn in mining investment expected in Guinea by 2025

But some of the nation's resources that are considered among the world’s largest, such as the Simandou iron ore deposit, face both financial and political challenges.

Glencore’s Dominican mine saved by the President

Cecilia Jamasmie | September 3, 2014
Glencore’s Dominican mine saved by the President

President Danilo Medina vetoed bill creating a National Park, which would have blocked the expansion of Glencore's Falcondo mine.

Anglo American to pay $4.5m for environmental breaches in Chile

Cecilia Jamasmie | September 3, 2014
Anglo American to pay $4.5m for environmental breaches in Chile

Authorities say the firm violated 16 environmental rules at El Soldado copper mine, located about 130 km northwest of capital Santiago.

Chile’s Escondida mine to bring BHP, Rio higher than expected dividends

Cecilia Jamasmie | September 2, 2014
Chile’s Escondida mine to bring BHP, Rio higher than expected dividends

Deutsche Bank analysts foresee a 2% to 3% earnings increase for the miners.

Freeport's $2 billion Chile sale hits snag

Frik Els | August 29, 2014
Freeport's $2 billion Chile sale hits snag

Phoenix-based copper giant want to to sell its Candelaria copper-gold mine to Canada's Lundin Mining.

Codelco production up, copper price slump trims down profit

Cecilia Jamasmie | August 29, 2014
Codelco production up, copper price slump trims down profit

Pre-tax profit dropped 27% in the first half to $1.3 billion.

Glencore’s Dominican mine in limbo after national park plan approved

Cecilia Jamasmie | August 29, 2014
Glencore’s Dominican mine in limbo after national park plan approved

The country’s legislators approved this week a ruling that declares the region surrounding the mine a national park, affecting Glencore's ability to expand it.

Less than 2% of Peru’s total mining concessions are active

Cecilia Jamasmie | August 28, 2014
Less than 2% of Peru’s total mining concessions are active

Around 15,000 of the total 55,000 licences in effect risk fines and even losing all privileges over the land.

Chinese investment to make Peru world’s second-largest copper producer

Cecilia Jamasmie | August 27, 2014
Chinese investment to make Peru world’s second-largest copper producer

Chinese backers are now behind one-third of all Peru’s new mining investments by value.

Brazil’s iron ore giant MMX to sell off 300,00 tonnes of stockpile

Cecilia Jamasmie | August 21, 2014
Brazil’s iron ore giant MMX to sell off 300,00 tonnes of stockpile

The news comes only a day after MMX announced it was temporarily halting operations at its only producing mine.

Vale secures key licence for flagship iron ore mine expansion

Cecilia Jamasmie | August 21, 2014
Vale secures key licence for flagship iron ore mine expansion

The project is considered vital for Vale as the miner has been losing market share to Rio Tinto and BHP Biliton.

Executive changes at Antofagasta Minerals, chairman stepping back

Cecilia Jamasmie | August 21, 2014
Executive changes at Antofagasta Minerals, chairman stepping back

Jean-Paul Luksic, who was appointed in 2004, will now take a non-executive role with effect from Sep. 1st.

Aggressive cost-cutting boosts silver miner Hochschild core profit

Cecilia Jamasmie | August 20, 2014
Aggressive cost-cutting boosts silver miner Hochschild core profit

Increased output from its mines in Peru and Argentina also helped the company slash first-half interim loss.

Brazil’s iron ore giant MMX to file for bankruptcy

Cecilia Jamasmie | August 19, 2014
Brazil’s iron ore giant MMX to file for bankruptcy

Shares in the company fell by almost 8% on the news, hitting an all-time low.

Gold Fields sells majority stake in Peruvian project to Buenaventura

Cecilia Jamasmie | August 19, 2014
Gold Fields sells majority stake in Peruvian project to Buenaventura

The Peruvian firm will develop the deposit as an underground mine, instead of as an open-pit project.

Former Chilean president slams Codelco’s governance, calls for greater autonomy

Cecilia Jamasmie | August 14, 2014
Former Chilean president slams Codelco’s governance, calls for greater autonomy

He sees it as a key part of the firm's ambitious investment strategy, which in the next stage will plow $25 billion to overhaul older mines.

West Africa Ebola outbreak forces miners to lock down operations, delay projects

Cecilia Jamasmie | August 10, 2014
West Africa Ebola outbreak forces miners to lock down operations, delay projects

After the WHO declared the current outbreak an “international public health emergency.”

Vale to double iron ore shipments to China by 2019

Cecilia Jamasmie | August 8, 2014
Vale to double iron ore shipments to China by 2019

Currently Vale supplies 12% to 14% of China’s consumption of the steel-making ingredient.

Japan, Chile sign mining deals

Cecilia Jamasmie | August 7, 2014
Japan, Chile sign mining deals

Japan already allocates 90% of its investment in Chile to mining.

Chile's court rules in favour of KGHM’s Sierra Gorda storage facility

Cecilia Jamasmie | August 6, 2014
Chile's court rules in favour of KGHM’s Sierra Gorda storage facility

This is the third project in the past four moths to be given the go-ahead after an initial unfavourable ruling.

More »