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South America
 
PERU LISTINGS

Peru exchange keen for Australian firms to list Restricted

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The Peruvian stock exchange has urged Australian resources companies to consider dual listing in Lima to tap into additional funding sources for mining ventures in Latin America. The stock exchange’s CEO Francis Stenning told delegates at the...
22nd May 2012
 
 
COAL

Sasol opens new R3.5bn coal shaft in Mpumalanga Video Available Restricted

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Thubelisha shaft at the Twistdraai colliery Fuel-from-coal producer Sasol Mining’s new R3.5-billion Thubelisha shaft at the Twistdraai colliery, in Mpumalanga, was officially opened on Tuesday by Mineral Resources Minister Susan Shabangu. The current Twistdraai Colliery shaft system has...
22nd May 2012
 
 
IRON-ORE

Centaurus swaps projects in Brazil Restricted

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Iron-ore developer Centaurus Metals has acquired the Curral Velho iron-ore project in Brazil in exchange for its interest in the Caçapava copper/gold project through a tenement swap agreement. The Curral Velho project comprises six tenements...
22nd May 2012
 
 
IRON-ORE

Usiminas scales back iron ore mining plans Restricted

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Brazilian steelmaker Usiminas has cut back on plans to expand its iron-ore production, reducing its targeted output by 2015 to 25-million tons from 29-million tons, the company's VP said on Monday. "The project is just being revised because a new...
22nd May 2012
 
 
IRON-ORE

Vale says iron-ore sales brisk despite slower China Restricted

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Brazilian miner Vale is selling iron-ore about as fast as it can mine it despite a slowdown in the economy of China, its top customer, the company's head of investor relations said on Monday. A string of economic indicators show China, the...
22nd May 2012
 
 
MOLYBDENUM

Thompson Creek studying wall slough's potential production impact Restricted

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Molybdenum miner Thompson Creek Metals suffered a wall slough, or slippage, at its eponymous mine in Idaho last week, but there will not likely be a material impact on the mine plan. The TSX- and NYSE-listed company said it would review any...
21st May 2012
 
 
IRON-ORE

Vale to build second iron ore storage ship in Asia Restricted

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Vale will build a second floating iron ore storage vessel in Asia to feed shipments to its main market, China, a senior company official said on Monday, as the Brazilian miner works around Beijing's ban on its huge dry bulk ships. China, the...
21st May 2012
 
 
GOLD

AngloGold to invest $400m in Colombia 2013-15 Restricted

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AngloGold Ashanti, the world's No. 3 gold producer, plans to invest $400-million in Colombia in the 2013-2015 period at its La Colosa deposit and other gold exploration projects, a company executive said on Friday. Some $300-million is earmarked...
21st May 2012
 
 
IRON-ORE

Vale sees iron-ore price rising in H2 Restricted

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Brazilian mining company Vale SA remains confident the price of iron-ore, its main product, will rise in the second half of 2012, relieving environmental and economic pressures on the company which have hurt growth and delayed new projects....
21st May 2012
 
 
LEGISLATIVE ENVIRONMENT

McEwen cautions investors about Argentina decrees Restricted

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TSX-listed McEwen Mining CEO Rob McEwen on Thursday cautioned shareholders that recent energy-industry expropriation and Argentina government policy decrees augured negatively for its San José silver/gold mine and other development projects. At...
18th May 2012
 
 
COAL

Continental swivels gaze to Colombia Restricted

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South Africa-focused Continental Coal on Friday announced its intentions to expand its focus to coking coal options in Colombia. The ASX- and Aim-listed miner has entered into an agreement to acquire a 50% joint venture (JV) interest in an...
18th May 2012
 
 
Mining in Africa

Brazilian group targeting more African opportunities Restricted

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Brazilian diversified mining major Vale has confirmed that its portfolio includes investments of $7.7-billion in projects in nine African countries. Speaking at a recent seminar on Africa hosted by Brazil’s National Economic and Social...
18th May 2012
 
 
 
 
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