November 12, 2011

Brazil iron ore export value in October down 7%

Brazil's iron ore export value in October this year rose by 10.6% compared to the same month last year but was down by 7% as compared to September this year…

November 12, 2011

Anglo’s Cynthia Carrol snubbed by Chile president as Codelco fight becomes issue of national pride

The Telegraph reports Anglo American CEO Cynthia Carroll took a last-minute flight to Santiago on Thursday to calm tempers over the sale of a 24.5% stake to Mitsubishi Corporation but…

November 11, 2011

IAMGold is looking to buy. Are you selling?

Reuters reports Canadian gold miner IAMGold is on the look-out for acquisitions and while it is not itself up for sale, its chief executive said on Friday the company represents…

November 11, 2011

Brazilian Metals Group delivers maiden 459 million tonne iron JORC Resource in Brazil

Brazilian Metals Group ( ASX: BMG ) is progressing the company goal of developing a substantial mining enterprise in northern Minas Gerais, Brazil, and has now delivered a milestone in…

November 11, 2011

Outotec provides process technology to Sierra Gorda copper-molybdenum project in Chile

Outotec has signed a contract with Quadra FNX Mining for the design and delivery of a process solution to the new copper-molybdenum concentrator located in Sierra Gorda, close to Antofagasta…

November 10, 2011

Aura Minerals Announces Updated Resource and Reserve Estimates for Brazilian Gold Mines

Aura Minerals Inc. (TSX:ORA) ("Aura Minerals" or the "Company") announces updated resource and reserve estimates for the São Francisco Mine and São Vicente Mine (the "Brazilian Mines") in Mato Grosso…

November 10, 2011

Robbers thwarted at Luna Gold’s Brazilian mine

BIV reports an attempted robbery at the Aurizona gold mine in Brazil Wednesday was thwarted: According to a release, armed robbers took employees hostage from a nearby village and attempted…

November 10, 2011

Chile to Anglo: Sell if you want but we will get our stake

Reuters reports the Chairman of Chile's Codelco vowed on Thursday to go ahead with buying a 49% stake in Anglo American's southern Chilean properties. The state copper giant said that…

November 10, 2011

Minera Andes announces $6.8 million net income in Q3 and US$45 million in cash

Minera Andes, an exploration company looking for gold, silver and copper in Argentina, announced net income of $6.8 million in Q3 compared to a $5.6 million loss during the same…

November 10, 2011

Anglo outmaneuvers Chile trying to get its copper assets on the cheap

Reuters reports Anglo American on Wednesday sold a 24.5% stake in its southern Chilean properties to Japan's Mitsubishi Corp. for $5.39 billion, undermining plans by Chile's state-owned Codelco to exercise…