The Colombian Congress is discussing a bill that introduces the term “ecocide” to classify the effects of illegal mining and that would set harsh penalties for those who commit such crimes.
South America Mining News
The country began shipping lithium to China this week, in what is considered the first step towards fulfilling its ambitions to becoming the world’s No. 1 exporter of the commodity.
Silver is up 40% to date, while gold has only gained about 28%.
Bolivia seized three of Glencore’s operations in nine years and the Swiss giant is now initiating arbitration proceedings against the South American nation.
The world's top copper miner admits to be facing its “worst crisis ever” since created in 1976.
Silver Wheaton stock gets a boost from $800 million Vale goldstream buy.
Vedanta Resources’ chairman Anil Agarwal allegedly approached Anglo in several opportunities earlier this year to discuss potential tie-ups.
Systematic cost cutting has taken some strain off Teck's balance sheet over the last few years as metal prices have slumped.
The miner said its turnaround plan was “on track” as it slashed debt and beat earnings forecasts in the first half of the year.
A force of marines and rangers sent in the past days to raid the Tambopata reserve, in the country’s southern Amazon, has already been outnumbered.
The Chilean copper miner said full-year production would be at the lower end of the 710,000 to 740,000 tonnes it predicted in January.
It produced 86.82 million tonnes of iron ore in the April-to-June period, down 2.8% from a year earlier.
Shares plunged after miner revealed that output fell almost across the board in the April – June period.
Lithium prices have soared in the past year, and demand is set to outstrip supply by 2023.
The firm said about 40% of its Brazilian workforce would take voluntary redundancy to reflect reduced production.
Watchdog worried about sovereignty issues in the country’s resource sector.
With the expansion, Escondida is targeting an average output of 1.2 million tonnes a year over the next decade, up from about 940,000 tonnes it produced last year.
Reporting to Executive Vice President and Chief Financial Officer Catherine Raw, Mr. Oh will lead Barrick's Investor Relations team, and will serve as a central point of contact for investor engagement on governance.
Chile’s Escondida produced 265,597 tonnes in the period, or 23% less than the 347.125 tonnes it generated in Q1 2015.
More environmentalists were murdered in Latin America in 2015 than anywhere else in the world, with anti-mining causes claiming the most lives, a report by Global Witness shows.
It will raise its annual exploration spending by 29%, allocating nearly all its $900 million budget to finding new copper and oil deposits in the fiscal year beginning next month.
With construction expected to start in 2018, the US$669-million Fruta del Norte project could finally begin production before the end of the decade.
Eight executives will also face charges, although the police did not disclose their names.
Early signs of activity include Kinross Gold's March decision to expand its Mauritanian gold mine and Goldcorp acquisition of junior Kaminak for $520 million in May.
The project, renamed NuevaUnion, would be one of the largest copper-gold-molybdenum mines ever-developed in Latin America.