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Peru raids biggest illegal mining zone to stem Amazon gold rush

By: Bloomberg     20th February 2019 Peru moved to shut down a major illegal gold mine hub deep in the Amazon after years of expansion destroyed pristine rain forest and polluted rivers with mercury. The government deployed 1 500 agents from the police and armed forces to La Pampa in the Madre de Dios region of southeast Peru on... 

Copper cops play game of cat and mouse around desert convoys

By: Bloomberg     18th February 2019 Just weeks after the police unit was formed, they caught their first glimpse of the copper thieves -- the silhouettes of a group of men on a hill overlooking the rail lines -- triggering a car chase at the dead of night across Chile’s Atacama desert. While the pursuit ended in failure, with the... 

Sierra Metals reports flat Q4 Ebitda, production increases

By: Marleny Arnoldi     15th February 2019 TSX- and Peru-listed Sierra Metals reported adjusted earnings before interest, taxes, depreciation and amortisation of $17.4-million for the fourth quarter of 2018, compared with $17.5-million in the fourth quarter of 2017. The company processed 268 363 t, compared with 254 993 t processed in... 

Lower South Deep output dents Gold Fields’ FY18 profit 

By: Tasneem Bulbulia     15th February 2019 Dual-listed Gold Fields achieved normalised profit from continuing operations of $27-million for the year ended December 31, 2018, compared with the $154-million posted for 2017.   The company’s profit was dented by a decline in output, led by its South Deep mine in South Africa. 

Nevada like Witwatersrand of 1970s – Bristow 

By: Martin Creamer     15th February 2019 Nevada is like the Witwatersrand of the 1970s, says new Barrick Gold president and CEO Dr Mark Bristow, whose Randgold Resources is now merged into Barrick to form the world’s biggest gold mining company, which is also an extractor of copper, a metal that Bristow sees as “another gold”. The brand... 

Barrick Gold faces challenges to develop Latin America mines

By: Bloomberg     14th February 2019 Just seven weeks into the job, Barrick Gold’s new boss has already discovered, first hand, the challenges of developing and mining giant deposits in Latin America. Barrick’s main project, the Veladero joint venture with Shandong Gold in Argentina, isn’t performing like a tier one asset, Mark... 

Sierra Metals wins EIA approval for Yauricocha

By: Mariaan Webb     13th February 2019 The National Environmental Certification Service of Peru has now granted Toronto-headquartered Sierra Metals environmental approval for its Youricocha tailings expansion project, reversing a previous rejection of the environmental impact assessment (EIA). With an approved EIA study in hand, the... 

Hochschild to suspend ops at Peru mine

By: Creamer Media Reporter      13th February 2019 London-listed Hochschild Mining said on Wednesday that it would suspend operations at its first mining operation, Arcata, and place the mine in care-and-maintenance in the second quarter. The company said that the low silver price had left it with no option, but to suspend operation. 

Southern Copper says Peru plant to be partially suspended 3 to 5 days

By: Reuters     12th February 2019 Southern Copper Corp said on Monday that a key plant it uses to produce copper in Peru would not fully restart for another three to five days while work is done on its tailings and railway infrastructure following heavy rains. Peru's environmental regulator OEFA has been investigating a... 

Great Panther shareholders OK Beadell acquisition

By: Mariaan Webb     11th February 2019 The $105-million all-scrip acquisition of Beadell Resources by Great Panther ticked a key box on Monday, as shareholders of the TSX-listed miner approved the transaction. Shareholders in Beadell, which has a listing on the ASX, will meet in Perth on Tuesday and should they approve the... 

Peru's environmental watchdog reports tailings spill from Southern Copper mine

By: Reuters     11th February 2019 Peru's environmental watchdog said on Sunday it was investigating a tailings spill from a unit of Southern Copper Corp, one of the world's largest copper producers, into a river in an area that has been inundated by heavy rains. The Agency of Evaluation and Environmental Enforcement (OEFA) said... 

Zinc One unveils maiden resource estimate for Peru project

By: Simone Liedtke     5th February 2019 TSX-V-listed Zinc One Resources has announced a maiden initial resource estimate for the Bongará zinc mine project, in north-central Peru. The estimate consists of an indicated mineral resource of 812 000 t averaging 18.9% zinc containing 339-million pounds of zinc at a 10% zinc cut-off and an... 

In the new lithium 'great game', Germany edges out China in Bolivia

By: Reuters     28th January 2019 When Germany signed a deal last month to help Bolivia exploit its huge lithium reserves, it hailed the venture as a deepening of economic ties with the South American country. But it also gives Germany entry into the new "Great Game", in which big powers like China are jostling across the globe... 

Latin American miners digital journey starts with Finnish ZYFRA IIoT and AI solutions developer

28th January 2019 Finnish digital solutions vendor ZYFRA Group has opened an arm of its subsidiary VIST. The company is an industrial leader in development and implementation of information technologies for digital mining. Together, ZYFRA Group and VIST will initiate a business tour as the primary step to fulfill... 

Epiroc pursues stronger growth after Atlas spin-off

By: Natasha Odendaal     25th January 2019 A year after unbundling from a business unit within Atlas Copco into a fully owned independent subsidiary, mining, infrastructure and natural resources equipment spin-off Epiroc is optimistic on the future and eyes growth of 8% a year over the short to medium term. Equipped with a mostly organic... 

BME to focus on product improvement and organic growth 

By: Nadine James     25th January 2019 With commodity prices either stabilising or improving and several mining projects entering the last stages of development or coming online in 2019, explosives company BME aims to enhance its product offering while investing in its existing footprint, says BME MD Joe Keenan. BME will showcase its... 

Sierra Metals records strong yearly production

By: Tasneem Bulbulia     24th January 2019 Latin American miner Sierra Metals achieved strong production results in 2018, continuing a ten-year track record of consolidated yearly ore throughput growth, as well as record quarterly ore throughput at both its Bolivar copper and Cusi silver mines, in Mexico. This is according to the... 

Trevali’s African operations deliver strong FY18 performance

By: Tasneem Bulbulia     18th January 2019 Trevali Mining, in its first full year of operating in Africa, increased production at both Perkoa, in Burkina Faso, and Rosh Pinah, in Namibia, over 2017 levels. “Despite challenges faced at Caribou, [in Canada], Trevali produced 407-million pounds of payable zinc in 2018, in-line with our... 

Anglo American betting on South America to grow base metal assets

By: Reuters     10th January 2019 Miner Anglo American is betting on South America as its main growth area for base metals in the coming years, a top executive told Reuters. Ruben Fernandes, who heads Anglo's operations in Brazil and is slated to become its global head of base metals next March, said he wants to prepare the... 

Vista granted enviro permitting

By: Esmarie Iannucci     9th January 2019 ASX-listed Titan Minerals has received environmental permitting for its Vista gold plant and mill, in Peru. The company told shareholders on Wednesday that with the environmental approval now in place, the plant was ready for physical inspection by the Direccion Regional De Energia Y Minas for... 

Pan American Silver’s Tahoe buyout gets shareholder nod

By: Simone Liedtke     9th January 2019 TSX- and NYSE-listed Tahoe Resources’ shareholders have approved the proposed buyout of the company by Pan American Silver. Pan American’s shareholders, in turn, have approved resolutions related to the transaction, including the issue of common shares to Tahoe shareholders. 

Imperial Metals hires BMO to speed up restructuring – sources

By: Reuters     15th December 2018 Canadian copper producer Imperial Metals has hired Bank of Montreal (BMO) to speed up a restructuring process that could include the sale of the company for up to $1-billion, two sources familiar with the matter said. Imperial Metals, backed by Canadian billionaire Murray Edwards, earlier this... 

Titan readies for Vista commissioning

By: Esmarie Iannucci     12th December 2018 ASX-listed Titan Minerals has completed the construction of its plant and mill at its Vista gold project, in Southern Peru, on schedule and budget. The company is currently receiving ore at the plant to establish stockpiles for initial testing and dry commissioning of the plant over the coming... 

Barrick Gold eyes assets, exploration as it plots new phase 

By: Bloomberg     17th November 2018 Barrick Gold, soon to become the world's largest bullion miner, is interested in adding more copper assets as long as the red metal is accompanied by bullion, executives said on Friday. Barrick, which expects to complete its $6.1-billion takeover of Randgold Resources January 1, outlined plans... 

Maintaining a ‘triple bottom line’ key to responsible investment

30th October 2018 To be considered an ethical, investors must weigh up the development impact, sustainability and profitability in equal portion according to Namrata Thapar. “In my view profitability and strong environmental, social and governance practices go hand in hand,” said IFC’s Global Head of Mining during... 

'Blood gold' controversy forces industry transparency push

By: Bloomberg     26th October 2018 It’s been labeled “blood gold,” a jarring phrase that ties one of the world’s most valuable metals with brutal mining practices and illicit profits that legitimate miners and refiners are rushing to end. With miners facing increasing pressure to guarantee the provenance of gold, the group that... 

Merged Barrick-Randgold eyes nine tier-one gold assets 

By: Mariaan Webb     26th October 2018 Gold major Barrick Gold chairperson John Thornton has urged shareholders to vote in favour of its $6.1-billion transaction with Africa-focused Randgold Resources, telling investors that the combined entity will have five of the world’s ten so-called tier-one assets and that this could be expanded... 

Colquijirca (Tajo Norte) mine, Peru

26th October 2018 A zinc mine located in the Colquijirca district of the Pasco province, in Peru. 

Barrick takes $405m write-down on Peru mine, adjusted earnings fall

By: Mariaan Webb     25th October 2018 Gold major Barrick Gold, which has agreed to a $6.1-billion deal to buy Randgold Resources, has posted a third-quarter net loss of $412-million, or $0.35 a share, reflecting a $405-million impairment charge at the Lagunas Norte mine, in Peru. The net loss is significantly wider than the... 

Hudbay expresses disappointment at shareholder meeting requisition

By: Mariaan Webb     24th October 2018 The board of TSX- and NYSE-listed miner Hudbay has expressed its disappointment at the special shareholders meeting called by private equity firm Waterton Global Resource Management, which on Tuesday delivered its requisition. In a statement, Hudbay said that the requisition was delivered... 

Trevali lowers Caribou mine guidance

By: Mariaan Webb     23rd October 2018 TSX-listed Trevali Mining has lowered its zinc and lead production guidance for the Caribou mine in Bathurst, New Brunswick, but the company remains on track to achieve its consolidated zinc production guidance. The Caribou mine’s zinc guidance has been lowered from a range of 86-million to... 

Marginal increases in lead, zinc demand expected in 2019

By: Nadine James     19th October 2018 In a report released last week, the International Lead and Zinc Study Group forecast that there would be marginal increases in demand for lead and zinc in 2019.  The ILZSG forecasts that global lead demand will  rise by  0.7% to 11.79-million tonnes in 2019, compared with the 11.71-million tonnes... 

Time to enlarge the mining industry for the good of all the people of South Africa

By: Martin Creamer     19th October 2018 There are good reasons why the South African mining industry should not be too big, Dutch disease being one of them, but the present size of mining at only 4% to this country’s gross domestic product (GDP) is a lost economic opportunity second to none. Worst of all is that the cause of mining’s... 

Arcata mine, Peru

By: Sheila Barradas     19th October 2018 A silver/gold mine located in the Department of Arequipa, in southern Peru. 

Hochschild ups production target

By: Creamer Media Reporter      17th October 2018 London-listed Hochschild has raised its production target from 38-million ounces to 38.5-million ounces of silver equivalent, following a record nine-month performance. The miner, which operates three mines in Peru and one in Argentina, reported attributable nine-month production of 29.5-million... 

Freeport CEO may be ready to sell, but does anyone want to buy?

By: Bloomberg     17th October 2018 Freeport-McMoRan’s annual LME Week party is usually an opportunity for CEO Richard Adkerson to hobnob with the traders and consumers who buy copper from his mining company. At this year’s event, he was surrounded by investment bankers. With its biggest stock overhang – a deal around its... 

Coimolache mine, Peru

By: Sheila Barradas     12th October 2018 A gold/silver mine located in the districts of Hualgayoc and Chugur, in Hualgayoc, Cajamarca, Peru. 

Is the reign of Glencore’s billionaire copper king near its end?

By: Bloomberg     9th October 2018 Aristotelis Mistakidis is one of the world’s most powerful commodity traders. For nearly 20 years, the brash, hyperactive Greek known to everyone simply as “Telis” has ruled over the global copper market, buying and selling enough of the red metal to supply every factory in the US twice over.... 

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