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South America
 
LEGISLATION

Human rights group sues SEC over delays on resource extraction rule

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A human rights organization sued the US Securities and Exchange Commission (SEC) on Thursday, saying the agency is "unlawfully" delaying work on a rule that would require oil, gas and mining companies to disclose payments they make to foreign...
19th September 2014
 
 
BASE METALS

Baja confirms death of storm-hit Boleo project’s COO, CEO still missing

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Hurricane Odile is pictured as it approaches the Baja Peninsula off the west coast of the United States in this September 14. The Boleo project, which TSX-V-listed Baja Mining owns with a consortium of Korean companies, has taken a knock this week as one senior executive advancing the project was confirmed dead and a second executive went missing after a tropical storm...
19th September 2014
 
 
GOLD OUTLOOK

Moderate global economic growth outlook forces miners to keep promises

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The most critical challenge miners needed to deal with during the next 12 months was to deliver on their promises of cost savings and regain the confidence of the capital markets, professional services firm KPMG Canada’s mining industry leader Lee...
19th September 2014
 
 
Mining & Development

How Peru seeks to ensure mining helps local communities

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South Africans are displaying increasing interest in the manner in which Peru, another leading mining country, is managing its mining sector and in particular ensuring that the industry contributes to the socioeconomic development of the...
19th September 2014
 
 
GOLD

Gold industry at a crossroads, return to fundamentals essential for capital

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The gold industry needed to make money once more, and return to fundamentals if it was to succeed in competing with the gold exchange-traded funds (ETFs) for coveted capital, the world’s seventh-largest gold producer by output said on Thursday. In...
18th September 2014
 
 
GOLD

Gold Fields aims to cut debt by $300m over two years

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Nick Holland Gold Fields Ltd aims to cut its debt by $300-million over the next two years, it said on Thursday, a move that would give South Africa's No 2 bullion miner ample headroom for potential acquisitions. The company's borrowings totalled $1.6-billion...
18th September 2014
 
 
DIAMONDS

Upbeat Petra Diamonds moots dividend fast-forwarding

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Petra CEO Johan Dippenaar London-listed Petra Diamonds on Thursday outlined major upcoming elevations in the economics of its mining operations, which upped production in the 12 months to June 30 to enable the buoyant diamond mining company to post a 47% increase in...
18th September 2014
 
 
FERTILISER

MBAC’s Itafós operation achieves new daily SSP output record

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Brazil-focused fertiliser producer MBAC Fertilizer on Wednesday reported that it had reached a new daily record production of 1 700 t of single super phosphate (SSP) fertiliser at its Itafós operation. This also exceeded the expected daily...
18th September 2014
 
 
DIAMONDS

De Beers continues investment to meet consumer demand

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Venetia Major investments continue to be undertaken by diamond mining and manufacturing company De Beers Group, as demand is expected to almost outstrip growth in terms of diamond carat production in the next ten years, given the lack of new mining...
17th September 2014
 
 
DIAMONDS

Rough carat production well below 2005 level as demand soars – De Beers

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De Beers CEO Philippe Mellier Global 2013 rough diamond carat production was still well below the 2005 peak of 175-million carats, at a time when global diamond jewellery demand had reached record highs, De Beers said on Wednesday. Releasing its inaugural Diamond Insight...
17th September 2014
 
 
GOLD

Minera buys San Santiago plant

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ASX-listed Minera Gold has exercised its option to acquire the San Santiago processing plant, in Peru, for $5.5-million. Minera in July this year signed the option agreement over the plant, which was currently the subject of a lease agreement...
17th September 2014
 
 
OIL & GAS

India’s ONGC starts JV talks with Mexico's Pemex

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The overseas exploration arm of Indian major ONGC Limited, ONGC Videsh Limited (OVL), has started negotiations with Petroleos Mexicanos (Pemex), Mexico’s national oil company for a stake in oil and gas assets in central and Latin America....
17th September 2014
 
 
 
 
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