South America Mining News

Barrick Gold cuts 2017 compensation for top two executives

The decision was made to reflect a challenging "shareholder experience" and operations at some mines.

Brazilian pension funds to sell stakes in Vale

Exclusive information obtained by Reuters reveals that Brazilian pension funds led by Previ are planning to sell 10 per cent to 12.5 per cent of their stakes in iron ore miner Vale SA (NYSE:VALE) through […]

Fura Gems kicks off initial production at iconic Coscuez emerald mine

Early output of 1,720 carats of emeralds, including 826 carats of top quality ones, was achieved through a bulk-sampling program carried out within eight weeks of the completing the acquisition of the mine

Workers at Chile's Los Pelambres mine extend contract talks – industry group

Workers in the mine's largest union last week rejected an offer for a new labor contract, triggering a period of government mediation.

Chile preparing new law to lure foreign investment: media

Pinera’s government has vowed to reactivate $50 billion in mining investments that it says have been held back by red tape.

Electric vehicles, higher prices to boost global copper output — report

Global copper output is expected to climb from 20.4 million tonnes this year to 28 million tonnes by 2027.

U.S. govt to accept metals tariffs exclusion requests from Monday

It could take up to 90 days to make determinations.

New Chile govt undecided on blocking SQM sale to China firms -official

Chile development agency Corfo filed a complaint last week to block the sale of a 32% stake in SQM to China's Tianqi Lithium or any related entities.

World’s No. 1 copper miner Codelco made a $2.88 billion profit in 2017

Best performance in three years.

Venezuela gold reserve value falls 14% in 2017

Gold now represents just under 70 per cent of the Central Bank's international reserves.

Pinochet’s son mining permit application causes controversy in Chile

The Mayor of the city of Quilpué rejected the proposal.

Canadian miner allowed to extract and export Chilean lithium

The company now has an extraction quota of 88,885 metric tonnes of metallic lithium.

Antofagasta more than doubles dividend on strong copper prices

Chile-focused miner is raising its dividend by 177%.

Anglo American halts output at Brazil ore unit after duct failure

Anglo said there was leakage of a mixture of iron ore and water to a local watershed.

Chile's Codelco inks deal on Ecuador copper project

The project could become the first mine Codelco operates abroad.

Chile files complaint to block sale of SQM shares to Chinese companies

Chile’s antitrust regulator FNE will need to review the complaint.

Chile says companies to invest $754 mln in lithium industry

Chile's Molymet and China's Sichuan Fulin Industrial Group were selected in a bidding process to develop technology focused on the lithium market.

Chile approves increase in lithium quota for Albemarle

Albemarle has said it could invest $1 billion in Chile over the next five years if the plan was approved.

Antofagasta’s Los Pelambres copper mine workers vote to strike

Unionized workers company’s latest offer for a collective labour agreement.

Teck restarts Elkview dryer, to lose 200,000 tonnes of coal production

Company expects to lose about 200,000 tonnes in steelmaking coal output.

More countries want to be exempt from Trump’s tariffs

Brazil, Argentina, Japan and the EU have expressed concerns about the measure.

Chile's Codelco receives approval for $1 bln desalination plant

The go-ahead from the Antofagasta region's environmental regulator will allow the company to expand its Radomiro Tomic mine.

Workers at Cajamarquilla zinc smelter in Peru start strike -union

The strike started at 7:30 (12:30 GMT) and has affected production at the smelter, said the union's secretary general, Simon Diaz.

Lundin Gold eyes growth after mine in Ecuador built

“We want to grow to be an at least 1-million-ounce-a-year producer with three to four operations,” said Chief Executive Ron Hochstein at PDAC.

US judge rules against Venezuela in dispute with Rusoro

Judge Richard J. Leon has stayed Rusoro’s CSID Expropriation award against Venezuela registered in the U.S.