Latin America

Grupo Mexico to spend $151m on toxic spill clean-up at Buenavista copper mine

Grupo Mexico and its subsidiaries have agreed to spend $151m to clean-up the toxic spill at its Buenavista del Cobre copper mine in Sonara last month.   The decision is part of the agreement between Grupo Mexico and the...

ABB to deploy automation and electrical equipment at Vale’s Carajas mine in Brazil

Swiss engineering firm ABB has secured a $103m contract from Brazilian mining giant Vale to supply and install electrical and automation systems at its $17.6bn Carajas Serra Sul iron ore project (S11D) in Para state, Brazil.   This latest...

Strike action forces Shougang Hierro Peru to halt iron ore production

The on-going strike by workers of Shougang Hierro Peru mine, a unit of China's Shougang Group, has forced the company to halt its iron ore production and declare force majeure on shipments.   Shougang Hierro Peru country manager Raul...

Chile imposes $4.5m fine on Anglo American Sur for environmental violations

The Chilean environmental regulator SAM has imposed a $4.5m fine on Anglo American Sur, a subsidiary of London-based Anglo American, for breaching environmental regulations at its El Soldado copper mine.   El Soldado is one of the five copper...

Freeport halts Candelaria mine sale negotiation over Chilean tax uncertainty

Freeport-McMoRan Copper & Gold has halted negotiations with Canada's Lundin Mining over the proposed sale of its Candelaria copper mine in Chile for more than $2bn, after the country made changes to its tax regime.   The company has...

Five missing and 22 rescued from collapsed mine in Nicaragua

An urgent search operation is underway to free five miners who became trapped in an unlicensed gold and silver mine in Nicaragua, after it collapsed on Thursday due to a landslide.   Rescuers have successfully saved 22 workers since...

Chilean mining industry to invest $105bn over a decade, Cochilco says

The Chilean mining industry will invest $105bn in mining projects across the country over the next decade from this year to 2023, according to the Chilean Copper Commission (Cochilco).   Of the total investments, $81bn will go towards the...

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