South America Mining News

Argentine provincial Gov’t orders Barrick to halt operations at Veladero

Measure is temporary, pending more information on what happened and the possible consequences of the new incident, San Juan’s governor said.

Escondida mine replaces top exec after failing to reach deal with workers

Appointment comes barely a week after the mine, operated by BHP Billiton, failed to secure a wage deal with 2,500 workers after a 43-day strike.

Fresh ‘incident’ at Barrick’s Veladero mine in Argentina

A local government spokesman said a pipe carrying a “rich mixture” of gold and rocks came lose on Tuesday night, but no official information has been disclosed.

Vale’s new CEO Schvartsman a political move in the right direction — analysts

Fabio Schvartsman will lead the transition of the world’s largest iron ore miner into a new shareholding structure.

US court cancels most of class action against Samarco over deadly dam burst

Vale said the US District Court for the Southern District of New York annulled the majority of a class action lawsuit against the company and executives over the 2015 deadly accident.

BHP's Escondida mine strike becomes Chile’s longest, ends with no deal

Workers ended their strike and invoked a rarely used legal provision that allows them to extend their old contract, which leaves them in the exact same situation they were before they downed tools.

Illegal gold mining in Venezuela causing deaths, malaria, gang fights and deforestation

A three-year recession in Venezuela paired with ramping inflation and food shortages has prompted many mining for gold in mafia-run illicit operations.

Chile steps up efforts to lure mining investors beyond copper sector

The country, already the world's second largest producer of lithium, is seeking to create private-public partnerships to exploit 61% of its resource-rich territory, currently available for licensing.

Silver Wheaton's profile boosted by progress at Antamina Mine

Silver Wheaton and Franco-Nevada hosted a mine tour of the Antamina Mine in Peru on March 2, and the promise of substantial additions to the streaming company's assets prompted positive comments from two industry analysts.

Workers at Freeport’s Cerro Verde copper mine to go on indefinite strike

Around 1,300 unionized miners plan to start an indefinite stoppage at Peru's largest copper mine beginning March 24.

Barrick mulls selling part of Peru mine, bringing partner — report

Rumours come a year after the gold miner vowed to spend $640 million to extend the life of Lagunas Norte, worth about $1.4 billion according to industry experts.

Indian billionaire Agarwal goes after 12% of Anglo American

Deal would make of Volcan Investments Ltd., Agarwal's family trust, the second-largest investor in Anglo American.

Chile’s Supreme Court casts shadow over Barrick’s plans to restart Pascua-Lama

The country's mining regulator will have to issue a new temporary closure plan for the project, including comments from other government offices.

Escondida mine to resume operations as BHP losses soar past $700 million

The company is currently analyzing options to resume work as soon as possible, which includes hiring temporary workers to replace those that have downed tools.

Antofagasta bullish on copper as earnings jump

The company expects demand to increase 3% this year, while no new mines are scheduled to come online in the short-term and supply disruptions continue.

Copper supply disruptions push prices up

Disputes at BHP Billiton’s Escondida mine in Chile, the world's biggest copper mine, and Freeport’s Grasberg and Cerro Verde mines, are also having a significant effect on global supplies of concentrate.

Freeport’s Cerro Verde copper mine in Peru hit by strike

The mine produced just under 500,000 tonnes of the red metal last year, making it Peru's largest copper operation.

Ecuador anticipates $4 billion in mining investments by 2021

The country expects mining investments to increase 360% in the next four years compared to the 2013-2016 period as it has already granted 160 of the 420 explorations licences it put out to tender in July.

Strike at BHP’s Escondida mine takes toll on Chile’s copper output, GDP

The country’s copper output is predicted to have fallen by 12% last month when compared to February 2016, while GDP dropped 1%.

Rio Tinto defers former CEO Walsh bonus over Guinea scandal

Sam Walsh's bonuses, potentially worth millions, had been delayed for at least two years as investigations continue into dubious payments related to Simandou iron ore project in Africa.

Human activity creates 208 new mineral species

Study shows mining has sparked "unparalleled inorganic compound diversification" like rabbittite at Lucky Strike, Utah and a handful found on smelter walls

Striking miners at BHP’s Escondida block roads, clash with police

Incidents come despite a local judge ruled late Tuesday that a deferred payment from 2016 should go out to workers within 48 hours.

Newmont open to new partner to expand Yanacocha gold mine in Peru

A potential expansion would allow South America's largest gold mine generate about 200,000 ounces of the precious metal per year between 2020 and 2025

US Lithium to mine for copper, nickel, cobalt in Canada’s Saskatchewan

The Gochagar Lake project, until now property of Diamond Hunter, consists of four claims covering 3,759 hectares located in northern Saskatchewan.

BHP has lost 41,000 tonnes of copper due to strike at Escondida

The company is reviewing its copper output guidance for 2017 as industrial action at its largest copper mine enters its third week Thursday.