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Articles By Region: Latin America

This page lists all articles relating to Latin America. Bookmark this page or subscribe to the RSS feed to see new articles as they are added.

Brazil and Botswana elections: business as usual?

Brazil and Botswana re-elected their respective presidents but with reduced majorities. Dilma Rousseff saw off her free-market rival Aecio Neves with 51.6% of the vote. Rousseff, who has been in power since 2010, remains popular with poor Brazilians thanks to her government’s welfare programmes

Bentley and Cyest develop MineCycle

Bentley Systems is looking to make a statement at the mine-planning and scheduling end of the mining software market with its new MineCycle product

A hollow victory

In months which have seen some dramatic twists and turns in the run-up to the Brazilian presidential election the biggest surprise came when incumbent Dilma Rousseff clawed back the lead from her main rival to the dismay of Brazil’s business community.

Chile minister looks for reform boost

Hailing from Antofagasta, Chile’s northern mining heartland, naturally Aurora Williams always felt a certain draw towards the sector. Seven months into her term as the country’s mining minister, she tells Mining Journal how Michelle Bachelet’s government is working to reignite investor interest and dispel uncertainty in the country’s mining sector.

Moving right along

After publishing less-than-impressive numbers from its Los Helados preliminary economic assessment (PEA), NGEx Resources has moved onto not necessarily bigger, but possibly better things with consolidation of its ownership of the Filo del Sol copper project.

Hochschild pays down debt

Latin America-focused Hochschild Mining told the market it had repaid US$114.9 million of debt following the maturity of its 5.75% convertible bonds on October 20

Lundin takes aim at Fruta del Norte

Lundin family-owned Fortress Minerals has agreed to purchase the Fruta del Norte (FDN) gold project in Ecuador from Kinross Gold for US$240 million

Arian raises cash for San Jose

Arian Silver has clinched a US$32 million financing package with Vancouver-based Quintana Resources, which will give the AIM-listed firm the cash it needs to bring its San Jose silver project in Mexico into full-scale commercial production

Road to Amarillo

Brazil-focused Amarillo Gold has added Scott Eldridge to its board as chief financial officer (CFO) and corporate secretary

Mining still rising for Baker

It’s been a good year for Baker & McKenzie. As many law firms continue to struggle to maintain pre-recession business levels and are either merging or haemorrhaging partners, Bakers culminated its 65th financial year by breaking the US$2.5 billion revenue barrier, marking the first time a law firm has done this since the onset of the global financial crisis.

Yamana reports record quarterly production

Yamana Gold achieved record quarterly production in the September quarter of more than 390,000oz gold equivalent

Lundin buys Freeport’s Candelaria stake

After many months of speculation, Lundin Mining has agreed to buy Freeport McMoRan’s 80% stake in the Candelaria/Ojos del Salado open-pit copper operations in Chile

Strong supply pipeline resists jams

For some years now, the global copper industry has struggled to keep pace with the growth in demand for metal.

Chile backtracks on Goldcorp ruling

The Chilean judicial system has once again put Goldcorp’s 70% owned US$3.9 billion El Morro gold-copper project in doubt, deciding the environmental and social impact assessment (ESIA) process the company previously carried out was inadequate.

Centaurus on track at Candonga

After publishing a positive feasibility study on its Candonga iron-ore project in southeast Brazil, Centaurus Metals was confident it could be selling ore to the domestic market in six months

RISK OUTLOOK in brief

Risks to increase for Chile’s miners; Brazil presidential race tightens; Iran poised for change; Uganda succession looms large

Colombian gold miners hit by court ruling

A Colombian court has ruled 11 companies must stop gold mining in a nature reserve, as the country and mining association look to shore up regulation in an industry historically hampered by illegal operators.

Serabi oils its wheels

There’s no stopping Serabi Gold. The London-listed company has clinched a funding deal with Canada’s Sprott Resource Lending Partnership to help bankroll development of its Palito gold mine and Sao Chico project in Brazil.

Cerrejon’s cost focus

Leonardo Salcedo leans against the massive wheel of a Hitachi EH5000 truck, jacked up ready for a four-hour tyre change in the extensive maintenance workshop at the Cerrejon coal mine in Colombia. “With tyres costing US$60,000 each they have to last at least two years,” says Salcedo, superintendent of reconstruction in the maintenance department.

Brazil back in ship-shape

Bulk commodities such as iron ore and coal have always been a game of transport economics, and right now no-one is playing that game better than China.

The squeeze is on

As each new day reveals a weaker picture for iron ore, it is easy to imagine the collective groans emanating from the offices of mining executives up and down Brazil.

Reality bites

The so-called ‘iron age’ for the iron ore sector, which by one estimate saw the “capital stock of the industry in Australia, Brazil and China increase by US$180 billion [between] 2003-12”, is said to be over.

El Oro’s PEA shines

Dynasty Metals & Mining Inc’s preliminary economic assessment on its Zaruma gold project in El Oro province, Ecuador could provide a net present value – at a 10% discount rate – of US$218 million after-tax.

Low-key Merian kick-off

Gold giant Newmont Mining Corp has reportedly secured the government permit it needed to start building its US$1 billion Merian gold project in Suriname. The project has been slated to commence production of more than 400,000oz per annum by the end of 2016.

Momentum builds for Picachos

AIM-listed Herencia Resources plc has made headway on potential processing options at its Picachos copper-silver project in Chile, easing investor uncertainty over how it would move forward with building a low-cost open-pit operation in northern Chile.

Polar to Inca

Jamie Polar has become Peruvian vice president of development and operations for Toronto Stock Exchange Venture-listed Inca One Resource Corp

Exodus at Mercator

After filing for creditor protection in the US and Canada, hapless base metals miner Mercator Minerals Ltd has seen its boards and management up sticks and leave

Bacanora board

Camborne School of Mines graduate Kiran Caldas Morzaria has joined Bacanora Minerals Ltd’s board as a non-executive director

SCC sets up trust fund for spill

Southern Copper Corp subsidiary Buenavista del Cobre SA de CV has established a US$154 million trust to help clean up and compensate the riverside residents of the counties affected by an acid spill

Vale and Cosco sign VLOC agreement

Vale SA and the largest dry bulk carrier in China, China Ocean Shipping Company (Cosco), signed a framework agreement for strategic co-operation in iron-ore shipping

Striking the right note

Timing is everything when it comes to financing and Newstrike Capital Inc’s Ana Paula gold-silver project in Mexico has a hand up at just the right moment.

Minera chief happy to look ahead

The market will focus on a finance deadline being missed at Minera IRL Ltd’s Ollachea gold project but beyond this initial disappointment there is a bit to like about the Peruvian operator at the moment.

Striking the right note

Timing is everything when it comes to financing and Newstrike Capital Inc’s Ana Paula gold-silver project in Mexico has a hand up at just the right moment.

AngloGold pulls split and rights issue proposal

Investec said what we were all thinking, Mark Bristow said what he was thinking (no surprises there), and AngloGold Ashanti’s Srinivasan Venkatakrishnan has a lot more to think about after the company’s plans to unbundle its international assets into a London listed gold company and raise US$2.1 billion to pay down debt took a few days to dissolve.

Let’s drink to change

The traditional dynamic between mining companies and communities is changing. With the resolution passed by the UN General Assembly and UN Human Rights Council that declares access to clean water a basic human right, and the resulting broader appreciation of water as a vital resource, mining companies have changed their approach to communities.

Agnico-Eagle snaps up another asset

Canada’s Agnico Eagle Mines Ltd will acquire 100% of TSX Venture-listed Cayden Resources Inc for total consideration of about C$205 million (US$186 million), or about C$3.79/share

Codelco to reduce outsourcing

Chilean state copper producer Codelco will gradually reduce outsourcing of goods and services, company chairman Oscar Landerretche was quoted as saying by the BNamericas news site

Focus’ resource success

Focus Ventures Ltd has upgraded the conceptual target at its Bayovar 12 phosphate project in northern Peru

Misplaced confidence

While Chile’s state copper commission is confident of the country’s copper prospects, not everyone is as assured. With production costs climbing and the copper price under the US$7000/t mark, the Latin American country needs drastic action to ensure it stays competitive.
Read articles from the latest Print Edition - MJ 31/10/14
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PROFESSIONAL PLACEMENTS

Professional PlacementsProfessional Placements: Executive Director - PDAC

The Prospectors & Developers Association of Canada (PDAC) is seeking an Executive Director (ED) to oversee its operations from its headquarters in Toronto, Ontario

COMPANY PROFILES
Russian precious metals company Polymetal International plc’s commitment to establishing an extensive pipeline of growth projects has continued with the acquisition of the Kyzyl gold project.
Russian precious-metals company Polymetal International plc has made significant progress at the Semcha platinum-group metals (PGM) property in the past year as it moves the project towards a preliminary economic assessment
The Republic of Guinea intends to launch, pursuant to the mining Code, a competitive and transparent invitation to tender for three bauxite mining blocks located in the prefectures of Boffa, Boké and Télimélé.
Indochine Mining Limited is developing a high-grade gold project at Mt Kare in PNG by rapidly developing wide, high-grade gold zones
Sarama Resources is a West Africa-focused gold explorer with substantial landholdings in Burkina Faso, Liberia and Mali.
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