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South America News

Glencore is looking lonely as rivals look to abandon coal business

By: Bloomberg     Updated 3 hours ago Glencore is cutting an increasingly isolated figure as a major coal miner as one by one its biggest rivals look to abandon the most polluting fuel. Russian steelmaker Evraz said Tuesday it was considering options for demerging its coking coal business, five days after Brazilian iron-ore giant... 

South African precious metals miners included in 2021 Bloomberg Gender-Equality Index 

By: Simone Liedtke     Updated 4 hours ago Precious metals miners Anglo American Platinum (Amplats), Sibanye-Stillwater, Harmony Gold and Gold Fields have been included in the 2021 Bloomberg Gender-Equality Index (GEI), which is seen as a transparent and independent tool for investors considering environmental, social and governance (ESG)... 

South African precious metals miners included in 2021 Bloomberg Gender-Equality Index
Amplats CEO Natascha Viljoen

Steinmetz sentence opens new front in war on mining corruption

By: Bloomberg     27th January 2021 Switzerland took direct aim at the global mining industry when it sentenced Beny Steinmetz to five years for bribery. But it’s not clear if the Israeli billionaire will ever set foot in prison. Steinmetz’s conviction was hailed as a milestone in the fight against corruption in a sector long... 

Steinmetz sentence opens new front in war on mining corruption
Beny Steinmetz

Galan raises funds for lithium hunt

By: Esmarie Iannucci     27th January 2021 Lithium brine developer Galan Lithium will raise A$10-million in a share placement to fund work at its Hombre Muerto West lithium project, in Argentina. The company on Wednesday announced that it has received firm commitments for the placement of 20-million shares, at a price of 50c each. The... 

Output climbs and cost fall at Olaroz

By: Esmarie Iannucci     27th January 2021 Lithium miner Orocobre has reported record sales volumes from its Olaroz lithium facility, in Argentina, for the December quarter, while costs have declined to near all-time lows. Production during the December quarter reached 3 727 t, up 58% quarter-on-quarter, as Orocobre responded to... 

Freeport sees rising copper demand boosting 2021 results

By: Reuters     27th January 2021 Freeport McMoRan posted a quarterly profit on Tuesday that narrowly beat analysts' estimates on rising production and prices for copper and gold, with executives forecasting continued growth for 2021. Copper sales and prices have jumped in recent months as parts of the world - China especially -... 

Freeport sees rising copper demand boosting 2021 results
Freeport CEO Richard Adkerson

Sibanye boosts investment in tertiary education 

By: Simone Liedtke     26th January 2021 Dual-listed Sibanye-Stillwater has committed to invest a further R33-million in tertiary education aimed at bolstering mining research and development in South Africa. The gold and platinum miner has extended and increased its existing partnerships with the University of Johannesburg (UJ) and... 

Green technology boost for African mining 

By: Martin Creamer     26th January 2021 The key to unlocking value of Kabanga Nickel and enabling the full beneficiation of new era metals in Tanzania is an environment-friendly hydrometallurgy process that eliminates smelting and thus slashes the need for electricity. The Kabanga Nickel Hydromet process – which takes ore to refined... 

Green technology boost for African mining
President John Magufuli of Tanzania, seated, looks on as Tanzania's Chief Treasurer Athumani Mbutukwa receives share certificates from Kabanga Nickel vice chairperson Chris von Christierson (centre) and Kabanga Nickel CEO Chris Showalter (right).

Power Metal to add to Ontario gold properties

By: Marleny Arnoldi     26th January 2021 Aim-listed Power Metal Resources has signed an option agreement to acquire a 100% interest in four separate gold exploration properties located in the prospective Hemlo and Schreiber area of Ontario, Canada. The four option properties are located within 100 km west or southwest of the company's... 

Rambler to step up copper output this year

By: Marleny Arnoldi     26th January 2021 Aim-listed Rambler Metals and Mining has produced 3 769 t of saleable copper for the full year ended December 31, 2020, despite scaling back operations to 50% capacity in March. In response to the collapse of the copper price in March last year, Rambler scaled back operations and cut production... 

Yamana hoped for slightly higher production in 2020

By: Mariaan Webb     26th January 2021 Canadian gold miner Yamana produced 901 155 gold-equivalent ounces (GEOs) in 2020, which, although exceeding the group’s original guidance of 890 000 GEOs, was below the set point of the revised guidance of 915 000 GEOs. The slightly lower-than-hoped-for production, although still within the... 

Yamana hoped for slightly higher production in 2020
Yamana president and CEO Daniel Racine

Diamond trade is roaring back thanks to stuck-at-home shoppers 

By: Bloomberg     25th January 2021 The global diamond trade spent years in the doldrums, only to be crippled by the pandemic just as things started looking up. Now, at last, business is booming again. Factories in the industry’s “engine room” -- the Indian city of Surat -- are so desperate to boost production that the... 

Diamond trade is roaring back thanks to stuck-at-home shoppers

Canadian junior loses rights to Peru concessions

By: Creamer Media Reporter      25th January 2021 Canadian junior Tesoro Minerals’ stock plunged on Friday, after the company revealed that its right to acquire mineral concessions in the Tambo Grande district of Peru has been rescinded. Tesoro reported that Peru had passed a supreme decree, which repealed previous decrees that had granted the... 

Gold Fields starts construction of Salares Norte mining infrastructure

By: Simone Liedtke     22nd January 2021 Dual-listed Gold Fields has formally started construction of the mining infrastructure at its Salares Norte project, in Chile. Construction of the $860-million project is scheduled to be completed in late 2022, with first gold production in early 2023. Once commissioned, the mine will process... 

Gold Fields starts construction of Salares Norte mining infrastructure
The Salares Norte camp.

Local sourcing vital in UK, considering expected 70% jump in EV sales

By: Marleny Arnoldi     22nd January 2021 Research agency Fitch Solutions foresees a good year for electric vehicle (EV) development and a key component thereof, lithium. It says critical raw material (CRM) developments in the UK, the US and the European Union (EU) bode well for those regions’ battery supply chains and reducing their... 

Local sourcing vital in UK, considering expected 70% jump in EV sales

Deep-South ‘well-funded’ to continue development of Namibian copper project

By: Simone Liedtke     22nd January 2021 TSX-V-listed Deep-South Resources has closed its nonbrokered private placement for $4.6-million. President and CEO Pierre Leveille commented on the strong demand, which led to the financing, and confirmed that the company had recently completed a preliminary economic assessment. 

GoviEx raises C$8m in private placement

By: Marleny Arnoldi     22nd January 2021 TSX-V-listed GoviEx Uranium has completed a nonbrokered private placement of 32-million shares at a price of C$0.25 apiece for gross proceeds of C$8-million. Each share also comprises a transferable share purchase warrant, which entitles the holder to acquire an additional share at a price of... 

Responsible Mining Foundation seeks ‘more ambitious’ standards for TSFs 

By: Simone Liedtke     22nd January 2021 The vast majority of large-scale mining companies are still unable to demonstrate that they review and report on how effectively they manage risks related to tailings storage facilities (TSF), and take responsive actions as necessary, despite growing disclosure on TSFs, the Responsible Mining... 

Responsible Mining Foundation seeks ‘more ambitious’ standards for TSFs
The Corrego do Feijao tailings dam collapse, in Brumadinho, Brazil.

Pellet production resumes at Vargem Grande

By: Mariaan Webb     22nd January 2021 Brazilian iron-ore miner Vale has resumed production at the pelletising plant in Vargem Grande, two years after production were halted in a crackdown by authorities following a fatal dam break. Vargem Grande will produce between four-million and five-million tonnes this year, Vale said on... 

Pellet production resumes at Vargem Grande

Brazil state gives Vale ultimatum on settlement talks

By: Reuters     22nd January 2021 Brazilian iron-miner Vale failed on Thursday to reach a legal settlement with Minas Gerais state regarding a deadly dam disaster, with the State warning it would not take "crumbs" and giving a ten-day deadline for a better offer. About 270 people died in 2019 in the town of Brumadinho in Minas... 

Global copper smelting rises in December, driven by China

By: Reuters     21st January 2021 Global copper smelting activity climbed in December, led by top producer China, while North America extended its decline as coronavirus cases surged, data from satellite surveillance of copper plants showed. Europe dipped slightly, but its copper smelting activity remained strong, satellite... 

Family men or forest destroyers? Meet the miners living off the Amazon's gold

By: Reuters     21st January 2021 One man working deep in Brazil's Amazon said he knows how to stop the illegal logging, gold mining, deforestation and fires plaguing the region: let President Jair Bolsonaro carry out his plans to develop the rainforest. "If people listen to him and believe in his ideas ... many of the... 

Calibre’s Pavon Norte delivers initial mill feed

By: Tasneem Bulbulia     21st January 2021 Canadian-listed gold mining and exploration company Calibre Mining has started openpit mining at the Pavon Norte mine in Nicaragua, and the mill feed has been delivered to the Libertad complex for processing, in accordance with the company’s hub-and-spoke operating philosophy. “I am extremely... 

Griffith appointed CEO designate of Gold Fields 

By: Creamer Media Reporter      21st January 2021 JSE- and NYSE-listed Gold Fields has appointed Chris Griffith CEO designate. Griffith will succeed Nick Holland with effect from April 1. Holland, who had been due to retire on September 30 after 13 years as CEO of the company, has agreed to retire six months earlier to facilitate the leadership... 

Griffith appointed CEO designate of Gold Fields

Platinum group metals demand set to overwhelm supply balance – Davis  

By: Martin Creamer     21st January 2021 Long-serving precious metals consultant Dr David Davis has reached the conclusion, after a comprehensive study, that the demand for platinum group metals (PGMs) is poised to outstrip stagnant supply. Davis, who has spent several months carrying out a ‘deep dive’ into the future of PGMs for... 

Platinum group metals demand set to overwhelm supply balance – Davis
Precious metals consultant Dr David Davis, who believes that platinum will be next to board the price rocket.

Harte Gold to proceed with Sugar Zone expansion

By: Simone Liedtke     21st January 2021 TSX-listed Harte Gold is proceeding with an expansion of its fully owned Sugar Zone mining operation, in Canada, from a capacity of 800 t/d to 1 200 t/d, based on the positive results of a feasibility study. With expansion capital of $21-million, the gold producer intends to reach the 1 200 t/d... 

Brazil's Vale to divest troubled coal assets in Mozambique

By: Reuters     21st January 2021 Brazil’s Vale said on Thursday it is buying out minority stake partner, Japan’s Mitsui & Co, in a Mozambique coal mine and port project, ahead of selling the loss-making asset as it works to become carbon neutral by 2050. Vale, the world’s second-biggest iron ore miner, said in a statement it... 

Copper output may suffer if pandemic drags on, Chile group says

By: Bloomberg     21st January 2021 Top copper producer Chile managed to navigate the pandemic disruptions that stalled mining in other countries, churning out more metal last year than in 2019. That helped keep Chinese refineries supplied at a time of market tightness and high prices. But while Chile is well prepared to operate... 

Copper output may suffer if pandemic drags on, Chile group says

Los Pelambres expansion to cost extra $400m, says Antofagasta

By: Mariaan Webb     20th January 2021 Chile copper miner Antofagasta has revised the capital cost estimate for its Los Pelambres expansion project to $1.7-billion, from the original guidance of $1.3-million, mainly owing to revised marine works. The project, which will add about 60 000 t/y to the mine’s production, will be completed... 

Los Pelambres expansion to cost extra $400m, says Antofagasta
Los Pelambres

Aggreko to implement hybrid power solution for Gold Field’s Salares Norte in Chile

By: Tasneem Bulbulia     20th January 2021 Mobile and modular power solutions provider Aggreko has signed a ten-year contract with global miner Gold Fields to provide a 25.9 MW hybrid solar and thermal power solution for the Salares Norte openpit gold/silver mine, in Chile. This solution has been designed to provide power for the entire... 

Relief Canyon to reach full production by May 2021

By: Simone Liedtke     20th January 2021 TSX-listed Americas Gold and Silver Corporation’s Relief Canyon mine, in the US, will ramp up to full production in the second quarter of this year, after having achieved commercial production earlier this month. Based on a July 2018 feasibility study, the company anticipates production of about... 

Relief Canyon to reach full production by May 2021
A photo of the stacker at Relief Canyon.

Big River reviewing Borborema work

By: Esmarie Iannucci     20th January 2021 ASX-listed Big River Gold is accelerating key civil works at its Borborema gold project, in Brazil, and is investigating plant design options to better facilitate future expansions, while also allowing for the restart of exploration. A 2020 definitive feasibility study (DFS) estimated that the... 

BHP sets iron-ore records

By: Esmarie Iannucci     20th January 2021 Diversified major BHP has reported record production from its Western Australian iron-ore operations, along with record average concentrator throughput at its Escondida copper joint venture, in Chile, during the half year ended December. “BHP delivered strong safety and operational performance... 

BHP sets iron-ore records
BHP CEO MIKE HENRY

Platinum group metals playing role in Switzerland’s green hydrogen roll-out  

By: Martin Creamer     19th January 2021 Platinum group metals (PGMs), which South Africa hosts in greater abundance than any other country on earth, are playing important catalytic roles in Switzerland’s green hydrogen and green truck rollout, which is now under way. Mining Weekly can today report that proton exchange membrane (PEM)... 

Platinum group metals playing role in Switzerland’s green hydrogen roll-out
Hyundai Hydrogen Mobility CEO Mark Freymueller is interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Mather steps down as SolGold CEO

By: Mariaan Webb     19th January 2021 Gold and copper miner SolGold on Tuesday announced that Nick Mather would step down as CEO, after 13 years at the helm of the Ecuador-focused company. His resignation comes a month after Mather was handed a strong rebuke at the company’s annual meeting, when nearly half (44.7%) of shareholders... 

Mather steps down as SolGold CEO
SolGold's Nick Mather will retire as CEO

Consolidated Zinc adjusts Plomosas offtake

By: Esmarie Iannucci     19th January 2021 Base metals miner Consolidated has updated its offtake agreement with Industrias Penoles SA de CV that would reduce transport costs for the Plomosas concentrate that is delivered and sold to Penoles. As part of the agreement, Consolidated Zinc has also granted Penoles an additional one-year... 

Jervois makes plans at Brazilian refinery

By: Esmarie Iannucci     19th January 2021 Triple listed Jervois Mining has revealed plans to integrate a pressure oxidation leach circuit (POX) at its São Miguel Paulista nickel/cobalt refinery, in Brazil. The company in October last year announced plans to acquire the refinery from Companhia Brasileira de Aluminio (CBA) – a subsidiary... 

Rio reports a solid year, new CEO says working on restoring trust

By: Esmarie Iannucci     19th January 2021 Diversified major Rio Tinto has reported a strong operational performance during the 2020 financial year, despite impacts from the Covid-19 pandemic. “We have delivered a strong safety and operational performance in the face of the significant global challenges of Covid-19. Our 2020 performance... 

Rio reports a solid year, new CEO says working on restoring trust
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