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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.

Argentina signs deals to borrow from China

Not to be outdone by neighbour Brazil, Argentina became the second Latin American country to secure loans from Chinese banks during Chinese president Xi Jinping’s visit to the region

MJ’s LinkedIn group hits 10,000 members

Today, Mining News & Networking, Aspermont’s LinkedIn group dedicated to the mining industry, reached a landmark with the arrival of its 10,000th member

Minera pushes ahead with Peru plans

Minera Gold Ltd has agreed to acquire the San Santiago gold-copper processing plant in southern Peru, which it currently leases, and expects to begin gold shipments this week.

Zacatecas biosphere won’t hit miners, Conanp says

A planned biosphere reserve in Mexico’s Zacatecas state will not impact mining companies and their respective operations, according to the country’s head of protected natural areas commission (Conanp), Luis Fueyo.

Centaurus exodus

Centaurus Metals Ltd has cut its executive and board roles in a cost-cutting move as it looks to attract finance for its Jambreiro iron-ore project in Brazil

Peru to challenge China for number two in copper

Peru’s minister of energy and mines says the country is on track to supplant China as the world’s second-largest copper producer (Chile is the biggest), according to Spanish-language website OutletMinero

Lundin taking aim

Reports of hawks circling round Freeport McMoRan Copper & Gold Inc’s Candelaria copper mine in Chile come as no real surprise. With analysts shifting their supply/demand models from surplus to deficit for the red metal in 2014, the race is on to get hold of rich, long life copper deposits in the best jurisdictions before they are all captured.

First Quantum resumes construction in Panama

First Quantum Minerals Ltd has announced the resumption of construction activity at its Cobre Panama copper project

Codelco, LS-Nikko to build metals recovery plant

Chile’s state-owned Codelco, the world’s largest copper producer, has finalised an agreement with South Korea’s LS-Nikko to construct a metals recovery unit in Mejillones in northern Chile

Cauldron projects back on the boil

At first, plans for a uranium mine at Cauldron Energy Ltd’s Rio Colorado project in Argentina went down like a lead balloon with the local community.

Copper in a state of flux

Copper production and prices are due to have a seesaw couple of years, according to Chile’s copper commission (Cochilco), with prices due to rise in 2014 before falling back next year.

Argentina veto’s glacier law

ARGENTINA’S president, Cristina Fernandez, has vetoed a law protecting the country’s glaciers. The law, which was passed by congress in November, restricted drilling on or near glaciers in the country, and could have restricted development of Barrick Gold Corp’s US$2.4 billion Pascua Lama project straddling the Argentine-Chilean border.

What the future brings

The latest work by the World Economic Forum has focused on defining scenarios for the future of the mining industry. Here the WEF explains just how the future might look

Revenue transparency in the mining sector

Starting as little more than a ‘something must be done’ idea, the Extractive Industries Transparency Initiative has developed into the most prominent standard for good governance in oil and minerals rich countries

Codelco gets US$200 million state funding

Codelco would be allowed to retain US$200 million of its 2013 profit as part of the Chilean government’s effort to help fund a revamp of the company’s aging copper mines, Bloomberg reported

Brazilian state to see investment boom

Between now and 2018, the northern Brazilian state of Pará would attract US$47 million in new mining investment, according to local trade body Simineral

Funding secured for Las Bambas acquisition

Two facilities worth US$6.96 billion have been arranged by the China Development Bank (CDB) for MMG Ltd, Guoxin International Investment Corporation Ltd and Citic Metal Company Ltd’s US$5.85 billion joint acquisition of Glencore plc’s Las Bambas copper-gold mine in Peru, MMG said

Markets slow pace of the game

Once the darling of the emerging markets, Latin America’s biggest economy has been on a bit of a downer recently, dogged by doubts, demonstrations and dampened investor sentiment. But as the World Cup gets into full swing and Neymar really starts to show off his skills, there are clear signs that things may be on the up.

Horizonte in the priority line

Horizonte Minerals plc can think itself lucky. Last week its Araguaia nickel project became the first mining venture to be granted the Seal of Priority by the Brazilian state of Para’s department of industry, commerce and mining (SEICOM), marking it out as a development of significant importance that would, in theory, be guided through the approval process in as speedy a manner as possible.

S&P: Colombia’s road to prosperity

Colombia could increase its annual GDP growth rate by more than a percentage point and its mining industry could become more cost-competitive if the country successfully implements plans to improve its transport network, a report Standard & Poor’s says.

Minera edges closer to Ollachea build

Latin American-focused Minera IRL has taken a further step towards starting development of its Ollachea gold project in Peru with a debt finance offer from Macquarie now on the table and a construction permit to hand.

Cobre Panama standstill

Workers have downed tools at First Quantum Minerals Ltd’s 80%-owned US$6.4 billion Cobre Panama copper-gold project after a new work roster introduced to increase efficiency at the site met with disapproval.

Austral bounces on Yamana deal

The market has responded well to Austral Gold Ltd’s acquisition of Yamana Gold Inc’s Amancaya project in Chile.

New beginnings

As all eyes stay glued to our television screens as the World Cup gets into full swing in Brazil, it’s worth remembering that away from the football the country isn’t just about the sun, sea and samba, it’s also made a name for itself for sustainable development.

Cascabel drill-bit warms up

SolGold plc thinks it is onto a winner. This week the company extended the visible copper sulphide mineralisation in hole seven of its 85%-owned Cascabel copper project in Ecuador and is now looking to prove up even more impressive results with further drilling, the company told Mining Journal.

Crusader sees more Juruena value

As the managing director of emerging success story Crusader Resources Ltd, Rob Smakman has been full time on the ground in Brazil for the past eight years, working on the company’s two mainstay projects and continually seeking other projects in the resource-rich, vast country. He’s seen a lot over that time, including no doubt a fair bit of dross, but Smakman reckons he could be onto something very nice indeed with Crusader’s latest venture.

Mining Journal-Maplecroft Risk Watch

For mining companies operating in some of the most inhospitable places on earth, an informed assessment of risk is as indispensable as understanding the potential economic value of projects under development.

Peru makes more investor-friendly moves

Peru is hoping to encourage more mining investment through the introduction of new tax stability contracts, part of wider economic stimulus reforms aimed at boosting the economy going to congress for approval next month.

T&T bolsters resources team

Turner & Townsend has appointed a Latin America natural resources director to be based in its new Rio de Janeiro office

The price is right

First Quantum Minerals Ltd’s (FQM) latest acquisition has not been received entirely positively by the market. Concerns were raised over the hefty capital expenditure (capex) bill associated with building another large copper project, whether its engineering team would be spread too thinly with another project to build in the pipeline, and Argentina’s investment credentials. But this is not new territory for FQM.

Molybdenum: Moly on the rebound

Molybdenum consumption is tipped to rebound in 2014 and growth in demand will outpace supply

Araneda gets temporary hot seat at Codelco

A week after sacking former chief executive (CEO) Thomas Keller, Chilean copper producer Codelco has put in place a temporary head to allow it time to search for a full-time replacement.

Guyana Goldfields gets loan approvals

Guyana Goldfields Inc has received credit approvals for its US$185 million debt facility this week, as it shored up the funds to bring its US$277 million Aurora gold project in Guyana into production

Chile: Testing times for Chile miners

A new government brings uncertainty in Latin America’s copper hub

Bacanora hopes to break AIM drought

Is the drought in new mining issues on London’s AIM stock exchange about to be broken by Bacanora Minerals Ltd, a company developing borate and lithium assets in northern Mexico?

The poisoned chalice

The management axe was wielded again on Friday by Chilean state-owned miner Codelco as disagreements at the board level over cutting costs and retaining its position as the world’s biggest copper miner cost Thomas Keller his job.

Peru’s exports set for upswing, BBVA says

Peru is set for a surge in export revenue in the last six months of the year as almost US$15 billion worth of copper projects start to bear fruit, according to Spanish bank BBVA.

Iluka, Vale form heavy metal band

Australian-listed mineral sands producer Iluka Resources Ltd has managed to wedge a foot in the door to one of the largest undeveloped titanium projects currently known.

Anglo Pacific adds Maracás royalty

Royalty company Anglo Pacific Group plc has purchased a 2% net smelter royalty for the Maracás vanadium project in Brazil
Read articles from the latest Print Edition - MJ 25/07/14
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