South America - Page 1

Barrick Gold inks tentative deal over taxation on Dominican gold mine
Thursday, May 09, 2013 Barrick Gold has entered into a tentative deal with the government of the Domincan Republic concerning taxation of one of its flagship mines, Pueblo...

Vale obtains permit for Brazilian port to support Carajás logistics
Tuesday, April 09, 2013 Brazilian mining giant Vale has obtained final environmental clearance for its CLN 150 programme, which involves the construction of a port in north-eastern Brazil, a move which will...

Codelco copper exports hit as strikes spread through Chilean ports
Thursday, March 28, 2013 Copper exports from mines owned by Codelco, the world's number one producer, have been affected by a series of strikes at ports in...

Vancouver-based gold miner Rusoro seeks $3bn compensation from Venezuela
Friday, March 22, 2013 Vancouver-based Rusoro Mining has filed a $3bn statement of claim in its arbitration against Bolivarian Republic of Venezuela for taking over its gold assets in the...

Metminco to develop Los Calatos copper project
Monday, March 04, 2013 Australian exploration and mining company Metminco plans to begin development works at its wholly-owned Los Calatos copper project in Peru following the conclusion of a scoping...

Vale writes down $5.6bn in impairment charges for FY2012
Thursday, February 28, 2013 Brazilian mining major Vale has written down $5.6bn in impairment charges for the 2012 financial year, including a $2.85bn write-down on its Onça Puma...

Anglo American posts huge loss for 2012 on impairment charges, strikes
Monday, February 18, 2013 Anglo American has reported a before-tax loss of $239m for 2012, compared to a profit of $10.8bn in...

Chile's Collahuasi reports 19% increase in mineral resources in 2012
Friday, February 08, 2013 Compañía Minera Doña Inés de Collahuasi has reported that the mineral resources at its Collahuasi mine grew 19% in fiscal 2012, partly due to new drilling operations and improvements in mining...

Silver Wheaton, Vale ink $1.9bn gold stream purchase agreement
Wednesday, February 06, 2013 Canada-based Silver Wheaton has agreed to acquire gold streams from Vale's Sudbury and Salobo mines for a total cash consideration of...

Anglo American takes $4bn writedown on Brazil mine
Wednesday, January 30, 2013 Global mining major Anglo American has been forced to take an impairment charge of $4bn due to rising development costs at its Minis-Rio iron ore project in...

Chile postpones copper and gold projects valued at $39bn
Monday, January 07, 2013 The Chilean Copper Commission (COCHILCO) said that the country will delay work on 11 mining projects due to increasing operational...

Inmet secures funding to develop Cobre Panama copper project
Wednesday, December 19, 2012 Canadian mining company Inmet Mining has announced the closure of a $500m senior notes offering which it will use to develop the Cobre Panama copper project in...

Monnet Ispat to acquire Colombian coal mine to power domestic plants
Tuesday, November 20, 2012 India's coal-based sponge iron manufacturer and power plants operator Monnet Ispat and Energy plans to purchase a majority stake in a 25 million tonne Colombian coal...

Minera Frisco acquires interest in Mexican mines
Thursday, October 11, 2012 Minera Frisco has entered into an agreement to acquire the Ocampo mineand adjacent Venus and Los Jarros exploration projects in the state of Chihuahua, Mexico, from AuRico Gold for...

GE technology to aid Grupo Mexico's copper mine expansion
Friday, September 28, 2012 General Electric (GE) has secured a contract from Minera Mexico to supply its Quadramatic drive technology to power Latin America's largest ball mill operation. ...

Brazil Resources acquires Cachoeira gold project from Luna Gold
Thursday, September 27, 2012 Mineral exploration company Brazil Resources (BRI) has acquired a 100% interest in the Cachoeira gold project in Pará, north...

Cleveland Mining commences production at Premier gold mine
Monday, September 24, 2012 Australia-based minerals company Cleveland Mining has initiated mining at its Premier Gold Mine located in Brazil with live commissioning currently underway....

Viking Minerals acquires majority stake in Peru gold property
Tuesday, September 11, 2012 North American mining company Viking Minerals has acquired 60% ownership of gold prospects, encompassing 1800ha, in the district of Miraflores, a province and department of Lima,...

Inspiration Mining begins Transient Electromagnetic Survey in Chile
Wednesday, August 22, 2012 Inspiration Mining Corporation has initiated the transient electromagnetic survey at its Llamara project through its partly-owned company Potash Dragon....

BC Iron, Cleveland Mining to acquire iron ore projects in Brazil
Wednesday, August 22, 2012 Iron ore mining company BC Iron has entered into a strategic partnership with Cleveland Mining to jointly acquire and develop iron ore projects in...