Slim's Frisco posts big jump in Q1 profit

Mexican billionaire Carlos Slim's mining company Frisco said on Monday net profit in the first quarter jumped 220%, boosted by foreign exchange market bets. Earnings rose to 701-million pesos ($55-million) in the first three months of 2012, up...

Lack of skilled labour increases costs to mining industry

As the mining industry continues to wrestle with skilled and experienced workers, what does it mean for mining companies’ bottom line - particularly in Chile where cooper mining accounts for 49 percent of exports?

Argentina exploration activity rose to quadruple historical average

Mineral exploration activity in Argentina in 2009 was four times as much as the historical average, according to the country's National Mining Secretariat. Despite the global economic crisis, which prompted miners around the world to curtail...

Gold production 'in crisis' – AngloGold Ashanti CEO

Gold production was “in crisis” and a gold price of $900-to-$1 000/oz was needed to arrest the downward trend, AngloGoldAshanti CEO Mark Cutifani said on Thursday. Cutifani said that the world had seen a decline in the production of gold...

BHP, union reach preliminary deal to end Chile strike

BHP Billiton reached a preliminary agreement in Chile with union leaders at its Escondida copper mine, the biggest in the world, signaling a possible end to a 24-day strike that disrupted production. Copper prices fell. Talks resumed today, and...

BHP Escondida mine union ready to hold out 30-60 days

Striking BHP Billiton miners in Chile said they are ready to extend their walkout at the world's biggest copper mine by another six weeks unless the company improves its contract offer.

BHP says Escondida running at up to 60% of capacity

BHP Billiton said Escondida, the world's largest copper mine, is running at between 40% and 60% of capacity as a strike at the site stretches into a second week.

Copper falls on speculation Chilean mine strike may end soon

Copper prices fell in London on speculation a strike at the world's biggest copper mine in Chile may be resolved after workers meet with management later on Thursday.