Latin America Top Stories

Chile launches tender for value-added lithium projects

Chile would shortly begin accepting bids from local and foreign…

Vale ordered to halt 13 more dams, Brucutu mine restart delayed

The world’s biggest iron ore producer said the injunction will…

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Crystallex’s request for arbitration registered by the World Bank’s ICSID

Crystallex International Corporation (TSX:KRY)(NYSE Amex:KRY) announced today that its February 16, 2011, Request for Arbitration before the Additional Facility of the World Bank's International Centre for Settlement of Investment Disputes ("ICSID") against the Bolivarian Republic of Venezuela ("Venezuela") has been registered by the Secretary General of ICSID.

Peruvian presidential front-runner to review windfall profits tax

Peruvian presidential front-runner Alejandro Toledo said on Wednesday if elected he would talk with extractive industries about possibly introducing a tax on windfall profits as commodities prices surge. Toledo, who in his first term from 2001 to 2006 helped lure billions in foreign investment to Peru, said voters need to see concrete benefits from mining, oil and gas activity.

Yamana advances Agua Rica strategy through agreement with Xstrata and Goldcorp

Yamana Gold today announced an arrangement, subject to formal documentation, with Xstrata Queensland Limited and Goldcorp Inc. that would see the ultimate integration of Agua Rica into Minera Alumbrera. Agua Rica is a 100% Yamana-owned, development-stage project in the province of Catamarca, Argentina and is located approximately 35 kilometres from the currently operating Alumbrera mine

Antofagasta to pay 100c per share special dividend

Antofagasta will pay a special dividend of 100 cents a share, the Chilean miner said on Tuesday as it posted a jump in full-year earnings on higher copper prices and production. Earnings per share rose to 106.7 cents, from 67.7 cents, as revenue grew 54.5 percent to $4.58 billion.

Great Panther Silver increases mineral resources at Topia Mine, Mexico

Great Panther Silver Limited has updated its mineral resources at the company's 100%-owned Topia silver-gold-lead-Zinc mine in Durango, Mexico. The 2011 mineral resource estimate, by Vancouver-based Roscoe Postle Associates (RPA), comprises measured & indicated ("M & I") mineral resources of 171,000 tonnes at 864g/t silver, 1.56g/t gold, 7.53% lead and 4.37% zinc (7.44 million silver equivalent ounces), a 36.3% increase over the 2009 resource estimate.

Nonferrous minerals exploration rebounds 45% to second-highest total on record

Responding to rising metals prices and more stable markets, most mining companies increased exploration budgets in 2010. The result was a 45% increase in estimated worldwide nonferrous metals exploration spending over 2009. Regionally, Latin America (led by Mexico, Peru, Chile, Brazil, and Argentina) was the top exploration destination in 2010-a position it has held for the better part of two decades-while Canada was the top country overall. Gold was the leading target, attracting more than half the global exploration budget total, with copper a distant second.