South America
Australian junior sets foot in Chile’s copper sector
Mining Group is set to extract 5,000 tonnes of ore per month, subject to more than a few of conditions, including a monthly payment of $2,000.
Yamana Gold to invest $450 million in Argentina's Cerro Moro
Construction at the gold and silver project, is expected to start early next year, with production slated to begin in late 2015.
Vale slashes investment budget for third straight year to $14.8bn
Budget for 2014 is 9.2% lower than last year’s and well below the $18 billion total from 2011.
Minister says Peru's copper production to jump 17% next year
Peru is "working hard" to start large scale copper projects put on hold by community and environmental protests.
Mexican drug lords get firm grip on country’s mines
Mexico's notoriously violent drug barons have turned to mining to both expand and diversify their sources of revenue.
Chile's Codelco's Jan-Sept profit down 61%, output also low
Copper production declined 0.3% in the period due to lower ore grades, harder rock and more complicated production processes.
Vale ends decade-long dispute with Brazil, pays $9.6bn discounted tax bill
It will pay $2.6bn by the end of the month, and an additional $7bn over the next 15 years.
Global exploration budgets down 29% in 2013
Canada accounted for just over 13% of the total, the smallest share in 14 years. The DRC made it to the top 10 mining destinations for the first time.
Rio Tinto sells Brazilian iron ore project to Latin Resources
Move comes on the heels of Rio’s decision to ditch two coal exploration licences in Queensland, Australia.
Colombia mulls way to let miners export coal ‘old style’ beyond legal Jan. 1 deadline
Forcing miners to use new method by the set deadline could cut coal exports at least one-third.
Strikes, guerrilla attacks take their toll in Colombia’s coal output, down 11%
Colombia, the fourth largest coal exporter, has estimated reserves for at least a century, but labour issues and safety concerns are jeopardizing the sector's future.
Vale handed way out of $14bn tax dispute
Miner has until the end of the week to accept or reject the terms of a government’s tax amnesty proposal.
Chile’s presidential election first round winner to bring challenges for the mining industry
Bachelet, who won almost twice as many votes as her closest rival in yesterday's election, is the most certain candidate to win on Dec. 15.
Codelco to be one of the world’s top ten silver producers
The miner, already the world’s No. 1 cooper producer, will become one of the world’s ten largest silver producers as soon as its Ministro Hales mine begins production next year.
Investors pile into Colombia-focused Vancouver gold junior
Batero Gold up 8% one of the most actively traded TSX-V stocks on Friday.
Barrick's Pascua Lama workers drop strike
Had workers on strike, they would have affected the construction a the water management system, which is the main condition imposed by Chilean authorities to allow Barrick restart work at the mine.
Brazil’s Batista embarrassment
Brazil's ruling socialist government casts aside its former "pet entrepreneur".
SLIDESHOW: Chile turns world’s largest open pit copper mine into an underground operation
The $4.2 billion underground operation is expected to produce 140,000 tonnes of copper per day.
Peru confirms China's largest copper producer wants a stake in Las Bambas
Peru’s Minister of Energy and Mines Jorge Merino expects sale to close before the 2014 deadline.
Goldcorp's $3.9 billion El Morro faces new legal threat
Indigenous community opposing the project to submit new lawsuit against it this month.
Southern Copper’s $1bn Tia Maria mine to begin production in March
The Peruvian copper project, halted in 2011 after clashes between residents and police that left three dead, could began production about a year ahead of schedule.
Brazilian tycoon Batista sells Colombian coal mines for $450 million
Sale of Canaverales and Papayal open-pit mines expected to be completed by year-end.
Barrick has had enough: stops construction of Pascua-Lama, mulls stake sale
Delivering its Q3 results, the debt-laden gold miner said it is temporarily suspending all construction activity at its $8.5 billion Pascua-Lama project.
Barrick’s height of hard luck: huge lake appears at one of its biggest Aussie mines
The miner faces extra-costs caused by unusual factors, such as venomous snakes, shellfish traps and submerged fence posts by its Lake Cowal gold mine in Australia.
For Barrick, when it rains it pours: Chilean workers vote to strike
Pascua Lama's union to vote whether to accept Barrick's wage offer this week.
Rio sells stake in Clermont coal to Glencore for $1bn
The mining giant is selling its 50.1% stake in Clermont coal mine to a company jointly owned by Glencore Xstrata and Sumitomo Corporation.
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