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South America News

Iron-ore gains on China’s import surge as focus turns to costs

By: Reuters     Updated 2 hours 10 minutes ago Iron-ore futures in China extended an advance as imports surged to a five-month high, signaling robust demand as the country grapples with rising commodity prices. Imports topped 100-million tons for the first time since October, with first-quarter volumes surging 8% from a year earlier,... 

'Deeds, not words': mining firms reshape boardrooms as investors demand sustainability

By: Reuters     Updated 2 hours 33 minutes ago Under fire after a string of high-profile disasters, mining firms are shaking up their boardrooms in response to criticism that they are failing to meet their own environmental, social, and governance standards. Shareholders are demanding change from an industry whose reputation has been... 

'Deeds, not words': mining firms reshape boardrooms as investors demand sustainability

Environmental efforts offering resource opportunities - BHP

By: Esmarie Iannucci     Updated 7 hours ago Diversified major BHP believed that global de-carbonisation efforts would hold significant opportunity for the resources sector. BHP’s Minerals Americas president Rag Udd told the World Copper Conference, in Chile, that the push across the world to decarbonize would require substantial... 

Giant copper mines start to get serious about green hydrogen

By: Bloomberg     Updated 7 hours ago All the talk about how green hydrogen will help heavy industries kick their fossil fuel habit is starting to turn into action in the biggest copper-producing nation. An Anglo American pilot project has been supplying the clean gas to a forklift at a waste facility in Chile for the past two... 

Giant copper mines start to get serious about green hydrogen

Orocobre boosted by higher lithium prices

By: Esmarie Iannucci     13th April 2021 The Australian share price of lithium miner Orocobre climbed nearly 20c a share on Tuesday as the company announced a significant lithium price upgrade. The ASX and TSX-listed miner said on Tuesday that sales during the March quarter had reached 3 032 t at a price of $5 853/t free-on-board... 

'Unconstitutional': Chile govt opposes mine royalty bill, prepares national policy

By: Reuters     12th April 2021 Chile Mining Minister Juan Carlos Jobet said on Monday the country's center-right government would oppose a bill to hike royalties on copper and lithium miners currently under consideration by lawmakers, blasting it as "unconstitutional". The legislation, introduced by left-leaning lawmakers, is... 

'Unconstitutional': Chile govt opposes mine royalty bill, prepares national policy

Anglo American says output on track at Chilean mines despite virus surge

By: Reuters     12th April 2021 A resurgence of Covid-19 in Chile should not dampen output at Anglo American's sprawling copper mines in the Andean nation this year, nor is it likely to pose near-term supply chain problems, the company's top executive in Chile told Reuters. Aaron Puna, who took over as CEO of Anglo American... 

Anglo American says output on track at Chilean mines despite virus surge
Los Bronces in Chile

Weekly Coal Index Report

12th April 2021 As Anglo Coal forges ahead with listing Thungela Resources, Exxaro has sold its central block operations (Forzando, Dorstfontein) to Overlooked Coal. However, the mining houses are holding onto their coal export allocation, indicating that coal trading and marketing remains a key advantage for... 

Weekly Coal Index Report

Tombador readies for Brazilian start

By: Esmarie Iannucci     12th April 2021 Junior Tombador Iron is on track to start production at its namesake project in Brazil by the second quarter of this year, pending the award of regulatory approvals. The ASX-listed company on Monday announced that it had secured iron-ore export facilities, inking an agreement with the operator... 

BHP, Vale Samarco JV files for Brazil bankruptcy protection

By: Reuters     10th April 2021 Samarco Mineracao, a joint venture between Brazilian miner Vale and BHP Group, has filed for bankruptcy protection to prevent creditors' claims from affecting its operations, Vale said in a Friday securities filing. The collapse of a dam at the Samarco mine complex in 2015 killed 19 people and... 

BHP, Vale Samarco JV files for Brazil bankruptcy protection

Alphamin achieves record $36m quarterly earnings

By: Marleny Arnoldi     9th April 2021 JSE- and TSX-V-listed Alphamin has generated a new quarterly record earnings before taxes, interest, depreciation and amortisation (Ebitda) of $36.5-million for the first quarter of the year. The higher Ebitda is on the back of 3 351 t of tin sales, which is a 45% improvement on the prior... 

Ivanhoe appoints energy veteran as chair of Kamoa Copper

By: Marleny Arnoldi     9th April 2021 TSX-listed Ivanhoe Mines has appointed Ben Munanga to succeed Louis Watum as chairperson. Kamoa Copper is the Democratic Republic of Congo (DRC) operating company of the joint venture between Ivanhoe Mines, Zijin Mining Group, Crystal River and the government of the DRC. 

Rio Tinto and Calibre initiate 2021 exploration programme in Nicaragua

By: Creamer Media Reporter      9th April 2021 Toronto-listed Calibre Mining said on Thursday that it had launched the 2021 exploration programme at the Borosi project, held under an earn-in option agreement with Rio Tinto. More than 50 prospective target areas have been identified within the Borosi concessions, located in the prolific... 

Coal production from top mining companies to increase in 2021, says GlobalData

By: Tasneem Bulbulia     9th April 2021 Coal production from the top world's ten mining companies fell from a collective 1.70-million tonnes in 2019 to 1.63-million tonnes in 2020, which is a 4.2% decline. The most significant declines were observed from Arch Resources (28.6%), PT Bumi (24.9%), Glencore (23.9%) and Peabody (21.8%),... 

Brazilian miner Bahia Mineracao wins Fiol railway concession

By: Reuters     9th April 2021 Brazilian miner Bahia Mineracao won a government auction on Thursday for a concession to operate a segment of the East-West Integration Railway (Fiol), which will allow the company to more easily ship iron ore from its mine to a coastal port. Bahia Mineracao, a subsidiary of Kazakhstan's... 

Rio and Turquoise Hill strike funding deal for Oyu Tolgoi

By: Esmarie Iannucci     9th April 2021 Diversified major Rio Tinto on Friday announced a binding heads of agreement (HoA) with Canadian miner Turquoise Hill Resources for an updated funding plan to complete the Oyu Tolgoi underground copper project, in Mongolia. The funding plan addresses the remaining $2.3-billion funding... 

Rio and Turquoise Hill strike funding deal for Oyu Tolgoi

Barrick raises its GHG reduction target to 30% by 2030 

By: Tasneem Bulbulia     8th April 2021 Gold major Barrick Gold Corporation has raised its greenhouse-gas emissions target to 30% by 2030, from 10% previously, its 2020 Sustainability Report, published on April 8, shows. CE Mark Bristow notes that the company's ultimate aim is to achieve net zero emissions by 2050. 

Barrick raises its GHG reduction target to 30% by 2030
Photo by Bloomberg
Barrick Gold CEO Mark Bristow

Coal output poised for growth this year after 2% fall in 2020 

By: Marleny Arnoldi     8th April 2021 Research agency GlobalData expects global coal output to have declined by 2% in 2020 owing to Covid-19-related lockdowns and restrictions. Notably, significant reductions have been observed in the US at 23.6%, Indonesia at 13.1%, Russia at 8.1% and Australia at 5.5%.  

Osisko Mining publishes promising PEA for Windfall project

By: Marleny Arnoldi     8th April 2021 Canadian miner Osisko Mining has announced positive results from an independent preliminary economic assessment (PEA) on its wholly-owned Windfall gold project, located in the Abitibi greenstone belt, in Quebec. The PEA provides a robust base case assessment for developing the gold deposit as... 

Equinox completes Premier Gold Mine acquisition, renames Hardrock project

By: Simone Liedtke     8th April 2021 Dual-listed Equinox Gold has completed its acquisition of TSX-listed Premier Gold Mines, adding Premier's interest in the construction-ready Hardrock project in Ontario, Canada; the producing Mercedes mine, in Mexico; and the Hasaga and Rahill-Bonanza exploration properties, in Ontario, to the... 

Investors call on EPA, Congress to protect Alaska’s Bristol Bay from mining impact

By: Simone Liedtke     8th April 2021 Fifty investors, managing $105-billion in assets, released a letter on April 8 calling for the US Environmental Protection Agency (EPA) and Congress to permanently protect Alaska’s Bristol Bay, and the world’s largest wild salmon fishery, against large-scale mining. While recognising the... 

Investors call on EPA, Congress to protect Alaska’s Bristol Bay from mining impact

Hudbay starts pit development activities at Pampacancha

By: Creamer Media Reporter      8th April 2021 TSX- and NYSE-listed Hudbay Minerals has finalised the land user agreement for the Pampacancha copper/gold deposit, which is located near its Constancia mine and processing facilities, in Peru. The finalisation of the agreement means it now has full access to the site to start pit development... 

Anglo American to demerge South African thermal coal assets 

By: Martin Creamer     8th April 2021 Diversified mining and marketing company Anglo American is to demerge its South Africa thermal coal operations, the company said on Thursday. The demerger is subject to the approval of Anglo’s shareholders on May 5. Anglo American Coal South Africa CEO and World Coal Association chairperson July... 

Anglo American to demerge South African thermal coal assets
Anglo thermal coal head July Ndlovu named as CEO of Thungela Resources.

Rio's tax bill reaches $8.4bn

By: Esmarie Iannucci     8th April 2021 Mining major Rio Tinto this week revealed that it had contributed $47-billion in the countries and communities where it operates, including $8.4-billion of taxes and royalties. Despite the widespread challenges of Covid-19 in 2020, the contribution was up from the previous year, when Rio made a... 

Top copper miner is boosting output amid a Covid surge in Chile

By: Bloomberg     8th April 2021 Codelco, the world’s biggest copper producer, has some calming words for traders concerned that a Covid-19 resurgence in Chile will disrupt supply of the metal. “Definitely not,” chairman Juan Benavides said when asked if a tightening of restrictions this week would interrupt the company’s... 

Value of iridium in electrolysis could top R90bn mark in years ahead – HySA 

By: Martin Creamer     7th April 2021 The value of iridium for proton exchange membrane (PEM) water electrolysis technology alone could exceed R90-billion in the next ten to 20 years. This is the view of Professor Dmitri Bessarabov, the director of the Department of Science and Innovation's National Centre of Competence: Hydrogen... 

Value of iridium in electrolysis could top R90bn mark in years ahead – HySA
Value chain as outlined by Professor Dmitri Bessarabov, the director of the Department of Science and Innovation's National Centre of Competence.

Greenpeace stages Pacific Ocean protest against deep-sea mining

By: Reuters     6th April 2021 Greenpeace protested against deep-sea mining in the Pacific on Monday, with the environmental organisation's Rainbow Warrior boat trailing a ship doing research for DeepGreen, a company which plans to mine the seabed for battery metals. Greenpeace activists were pictured in rubber dinghies... 

Canadian underground mining likely to take hydrogen ventilation lead – HySA 

By: Martin Creamer     6th April 2021 Canadian and Australian mines are big on wanting hydrogen ventilation in underground mining operations, and Canada will likely lead in the use of hydrogen underground. This is the view of Professor Dmitri Bessarabov, the director of the Department of Science and Innovation's National Centre of... 

Canadian underground mining likely to take hydrogen ventilation lead – HySA
Hydrogen South Africa hydrogen ventilation research site in North West.

Brazil prosecutors close investigation into Vale executives related to Simandou

By: Reuters     6th April 2021 Brazilian prosecutors have closed an investigation into Vale executives related to the Simandou mine, in Guinea, the iron-ore miner said in a securities filing on Monday. Prosecutors had opened an investigation based on documents supplied by Israeli businessman Benjamin Steinmetz, Vale said,... 

Brazil prosecutors close investigation into Vale executives related to Simandou

How South Africa can unlock its exploration potential ­– Adrian Reynolds   

By: Martin Creamer     1st April 2021 Of four factors required to attract investment in exploration, economic and fiscal stability is the most important, says highly experienced geological and mining consultant and nonexecutive company director Adrian Reynolds. Reynolds spoke to Mining Weekly in a Zoom interview about the factors... 

How South Africa can unlock its exploration potential ­– Adrian Reynolds
Geological and mining consultant Adrian Reynolds interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

BMW signs €285m lithium supply deal with Livent

By: Creamer Media Reporter      1st April 2021 German high-end car giant BMW has signed a multiyear contract worth €285-million to source lithium – a key raw material for the production of battery cells – from US-based Livent, as the group accelerates the expansion of e-mobility. Livent will supply the lithium directly to the BMW’s battery... 

BMW signs €285m lithium supply deal with Livent

Codelco clinches deal with workers at Radomiro Tomic mine, strike fears defused

By: Reuters     1st April 2021 Chilean state copper giant Codelco clinched a deal with workers at its Radomiro Tomic mine after they accepted a new contract offer on Wednesday, defusing worries about a potential strike with global prices of the red metal at decade highs. The worker union said that the contract proposal was... 

Top nickel miner Vale turns page on 14-year New Caledonia foray

By: Bloomberg     1st April 2021 Vale, the biggest producer of mined nickel, closed a deal to divest its underperforming New Caledonian mine to a group that includes the operation’s managers and workers. The divestment will allow operations to continue and gives Vale the right to a portion of output amid growing demand for the... 

Top nickel miner Vale turns page on 14-year New Caledonia foray

Anglo collaborating on feasibility study for South Africa’s ‘hydrogen valley’ 

By: Martin Creamer     31st March 2021 Diversified mining and marketing company Anglo American on Wednesday announced a collaboration agreement to complete a feasibility study to develop a ‘hydrogen valley’ anchored in South Africa’s platinum group metals- (PGMs-) rich Bushveld geological area. Spearheaded by South Africa’s Department... 

Anglo collaborating on feasibility study for South Africa’s ‘hydrogen valley’
The Mogalakwena platinum group metals mine in Limpopo.

Google, BMW, Volvo and Samsung SDI sign up to WWF call for temporary ban on deep-sea mining

By: Reuters     31st March 2021 Google, BMW, Volvo and Samsung SDI are the first global companies to have signed up to a World Wide Fund for Nature (WWF) call for a moratorium on deep-sea mining, the WWF said on Wednesday. In backing the call, the companies commit not to source any minerals from the seabed, to exclude such... 

Google, BMW, Volvo and Samsung SDI sign up to WWF call for temporary ban on deep-sea mining

Gold extends slide after Biden flags rapid progress on vaccines

By: Bloomberg     30th March 2021 Gold extended its biggest fall in more than three weeks as President Joe Biden prepared to unveil big spending plans after announcing major progress on rolling out vaccines. Biden said 90% of US adults will be eligible for Covid-19 vaccines by April 19, boosting risk appetites even as they... 

Gold extends slide after Biden flags rapid progress on vaccines

TSX-V gains new silver miner

By: Creamer Media Reporter      30th March 2021 Silver miner Andean Precious Metals made its debut on the TSX-V on Monday, marking a milestone for the Bolivia-focused company, says CEO Luis da Silva. Andean Precious Metals is the 100% owner and operator of the San Bartolomé silver mine and processing operation in Potosi, Bolivia, which has... 

Big River cuts costs at Borborema

By: Esmarie Iannucci     30th March 2021 Gold developer Big River Gold has flagged potential capital cost savings for its Borborema gold project, in Brazil. The ASX-listed company on Tuesday told shareholders that it had completed an option study reviewing and optimising the process plant design for the gold project. 

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