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South America
 
GOLD

22 miners rescued from Nicaragua gold mine after landslide

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Rescue workers have freed 22 miners who were trapped in a gold mine after a landslide in northern Nicaragua, and the government on Saturday vowed to continue search efforts for several workers that remained stuck underground. Some 29 miners were...
1st September 2014
 
 
COPPER

Codelco output rises but lower copper price eats into profit

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Codelco, the world's No 1 copper producer, on Friday reported a rise in its first-half production, largely due to the contribution of a new mine, but a slide in the market price of copper metal eroded profits. The Chilean state-run company said...
29th August 2014
 
 
MINE SAFETY

Rescuers contact 15 miners trapped in Nicaragua gold mine

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Rescue workers have spoken to a group of more than 15 miners still trapped after a landslide at a gold mine in northern Nicaragua, the company that used to operate the mine said on Friday, although several are still unaccounted for. Julio...
29th August 2014
 
 
LEGISLATIVE ENVIRONMENT

Mineral beneficiation, industrialisation key to development – Finance Minister

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Finance Minister Nhlanhla Nene The key to the development of South Africa lay in mineral beneficiation and industrialisation in joint development with its regional neighbours, South Africa’s new Finance Minister Nhlanhla Nene told the Centre for Education In Economics and...
29th August 2014
 
 
FERTILISER

DuSolo gets operational licence for part of Bomfim project, Brazil

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Brazil-focused DuSolo Fertilizers has received an operating licence for a part of its Bomfim project, in Brazil, allowing it to extract phosphate at the Santiago target. The TSX-V-listed project developer on Thursday noted that Naturatins, or the...
28th August 2014
 
 
MINE FATALITY

Aura Minerals reports mine fatality

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Canadian midtier gold and copper producer aura Minerals on Thursday reported that a miner died in an accident at its Aranzazu mine, in Zacatecas, Mexico. TSX-listed Aura said the miner, which was employed by Aranzazu was on Thursday fatally...
28th August 2014
 
 
PLATINUM

Implats defers production target, reviews capex, ups new technology plans Video Available

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Terence Goodlace and Martin Creamer Strike-impacted platinum-mining company Impala Platinum (Implats) has deferred its 850 000 oz Rustenburg production target, is reviewing its capital expenditure (capex) programme intensively and is going all out to ramp up its post-strike restart...
28th August 2014
 
 
DEBT REPROFILING

MBAC extends debt maturity dates, secures $18.2-million working capital

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Brazil-focused fertiliser producer MBAC Fertilizer made strides in addressing its liquidity position after successfully reprofiling its debt obligations and securing an $18.2-million working capital loan. The TSX-listed company had been...
27th August 2014
 
 
GOLD

Absolute change needed to mine Wits basin’s stranded 1.1bn gold ounces

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Shaun Newberry and Martin Creamer South Africa’s Witwatersrand basin contains another 1.3-billion ounces of gold, almost as much gold as has been mined there since 1886 – but miners can only get to another 200-million ounces of it using today’s mining methods. If the industry...
27th August 2014
 
 
COPPER

Voyager changes name and focus

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ASX-listed junior Voyager Resources would propose a name-change to its shareholders, after acquiring the Salobo South copper project, in Brazil and switching its focus to copper. The previously Mongolia-focused explorer on Wednesday said that in...
27th August 2014
 
 
COPPER

Chile copper mine contract workers announce one-day strike

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Contract workers at Chilean copper mines are planning a one-day strike next month, demanding changes to labour laws, a union head said on Tuesday. The stoppage on September 4 is being held by the Confederation of Copper Workers (CTC). Union...
26th August 2014
 
 
BASE METALS

Antofagasta’s H1 earnings fall on higher costs

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Chilean copper producer Antofagasta on Tuesday reported that net profit for the six months ended June 30 fell 16.3% year-on-year to $330.8-million as lower revenue and higher costs impacted the bottom line. The LSE-listed miner reported an 11.5%...
26th August 2014
 
 
 
 
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