Xstrata, Peru ink contract for $4,2bn copper mine

Xstrata Copper is on track to start construction at its Las Bambas project, in Peru, in a year's time, after receiving mining titles for the operation by the Peruvian government on Thursday. President Alan Garcia, Xstrata Copper CEO Charlie...

Economic outlook optimism sends copper to 4-mth high

Copper rose to its highest in more than four months on Thursday as recent macroeconomic data from the world's two largest economies, the United States and China, brightened the outlook for metals demand. Following Wednesday's manufacturing data...

Miners gather for Argentina industry event

The eighth International Convention on Exploration, Geology and Mining Business Opportunities: Argentina Mining 2010 got under way in Argentina's San Juan province on Tuesday. The event will continue until next Thursday.

Miner saga boosts Chile's Pinera, may help royalty bill

Chilean President Sebastian Pinera's approval rating surged to a new high in August for his efforts to rescue 33 miners still trapped but alive weeks after a cave-in, and it could help him push through a mining royalty hike. A new survey by...

Brazil state says makes big iron ore find

Brazil's Mato Grosso state government said on Wednesday it had registered a major mineral deposit discovery with an estimated 11,5-billion tons of iron ore of a 41 percent Fe grade. If confirmed it would be bigger than the country's massive...

Quadra FNX names new COO

Vancouver-based Quadra FNX Mining has appointed Michael Winship as COO, starting September 1, the company said on Wednesday. He replaces Jack Miller, who is retiring.

Chile bill ups mine royalty from 2018

Chile's government said on Tuesday it was sending a revamped bill to Congress aimed at raising royalties paid by mining companies that would be used to pay for reconstruction from February's massive earthquake. President Sebastian Pinera's...

Colombia hands key royalties proposal to Congress

Colombia's government presented Congress with proposed reforms to oil and mining royalties on Tuesday -- one of the key projects as the country seeks to regain investment grade lost during a 1990s fiscal crisis. President Juan Manuel Santos plans...