South America Mining News

Here's the latest scoop on Barrick's projects

The company is focusing on assets with the potential to add as much as 1.1 million ounces of gold to its total output beyond 2021.

Vale resumes sale of remaining fertilizer assets in Brazil

A reworked sale process for plants located in the southeastern city of Cubatão was reportedly launched in recent days.

Teck swings to profit in Q4 but misses expectations

The firm, North America's No.1 producer of coking coal, benefitted from the price rally — steelmaking coal climbed 155.5% to $207 in the quarter.

Striking workers at BHP’s Escondida mine accept Gov’t mediation

The meeting is not a return to mediation but an attempt to agree to return to the negotiating table, the union said.

Southern Copper wants to shoot the lights out

World number five producer adding 600,000 annual tonnes in six years.

Talks between BHP, Escondida workers to resume as Gov’t steps in

The company's request for government mediation effectively extends talks and pushes back the start of a potential strike to Feb. 13.

Workers vote to strike at Escondida, world’s largest copper mine

Strike could begin as early as Friday, but will likely be postponed for a five-day government mediation to attempt a resolution.

Copper takes some shine off Anglo American’s results

The miner reported broadly higher output in the fourth quarter across all divisions, except for copper, which suffered from lower grades and strikes.

Barrick’s gold output fell almost 10 percent in 2016

But lower all-in sustaining costs mitigated the impact of decreased production, preliminary full-year figures show.

Chile injects $975 million into state-owned copper giant Codelco

Moves is expected to help the copper giant cope with a recently passed law that forces it to give 10% of its revenues to the armed forces.

This start-up plans to be a top lithium miner in the UK

Cornish Lithium Limited is hoping to lead the development of a lithium industry in the UK after acquiring the rights to drill for the mineral in the ancient mining region of Cornwall.

Southern Copper's $1.2bn Peru mine expansion ready by year-end

The new section of the Toquepala open-pit mine in southern Tacna, Peru, is expected to begin operations in early 2018.

BSGR boss house arrest ends with no charges over Guinea bribery claims

The Israeli billionaire, under house arrest since Dec. 19, has been at the centre of an international investigation into alleged bribery to win mining rights in Guinea.

Final phase of Minas Rio mine expansion a priority for Anglo — report

The company plans to invest a $308 million (R$1 billion) this year to allow the iron ore mine reach a 26.5 million tonnes a year capacity.

Vale not giving up on Rio Colorado potash project just yet

Instead, the company is moving forward with a new prefeasibility study for the Argentina-based asset.

Samarco restart a step closer

Vale agrees to pit use for tailings.

Venezuela misses payout to Spokane gold junior

Gold Reserve says initial $300m payment from Venezuela government under $770m copper-gold project seizure settlement "expected in the next few days."

Canadian Wealth Minerals to acquire Chile’s Laguna Verde lithium project

The project, known as Laguna Verde, is located in the country’s north, known for its vast salt flats under which experts say there is enough of the commodity to supply the world for decades.

BSGR boss Beny Steinmetz arrested in Israel over Guinea bribery case

The billionaire and other Israeli businessmen are suspected of paying tens of millions of dollars to senior state officials to secure a licence for Simandou, local police said.

Ecuador signs key deal with Lundin on Fruta del Norte gold mine

The project, discovered in 2006, is one of the world’s biggest recent gold findings, with reserves estimated at about 4.8 million ounces of gold and 6.3 million ounces of silver.

BSGR to file multi-billion lawsuit against Rio over Simandou

BSGR will sue Rio Tinto in the English High Court to recover losses allegedly caused by Rio's actions, which run to several billions of dollars.

Fresh shake-up at Rio Tinto in aftermath of bribery probe

Russian-Canadian Vera Kirikova will become human resources group executive while Simone Niven will assume the corporate relations group executive post.

MMG’s Las Bambas copper mine forced to file new environmental plan

The move is part of the new government's strategy to rebuild trust on the project following deadly protests that halted exports from the mine in October.

Anglo American about to make key decision on South African assets sale

While the miner is not longer being pressed to include its platinum assets in the divestment plan, the issue of how to package mines and which ones to include, remains a bone of contention.

Barrick Gold brings in new director to regain strength in Latin America

The gold producer said the region will play an increasingly important role in its growth strategy.