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Latin America
Mexican mine spill releases 11,000t of toxic material in rivers
Another mine spill has been reported in Mexico, which has poured around 11,000t of toxic material into the country's rivers. The incident occurred at the Two Gentlemen's gold-silver mine in the northern Mexican state of Sinaloa, when waste...
Latin America
MMX Mineracao seeks bankruptcy protection in Brazil
Brazil-based iron ore producer MMX Mineracao & Metalicos' subsidiary, MMX Sudeste Mineracao, has filed for bankruptcy protection from creditors in a Belo Horizonte court. MMX Sudeste controls the Serra Azul and Bom Sucesso ventures, and generates the majority...
Latin America
MMG to invest $3bn in Las Bambas copper mine construction in Peru
China-based mining firm MMG is planning to invest between $2.7bn and $3.2bn in completing the construction of its Las Bambas copper mine in Peru. The mine, which MMG acquired in August from Glencore for $7bn, was expected to...
Latin America
Newmont begins work on $1bn gold mining project in Suriname
Newmont Mining has started construction on its $1bn Merian Gold project in Suriname, South America. Located around 40 miles south of Moengo, the 1,235 acre project belongs to Newmont's wholly owned entity Suriname Gold Company (Surgold), reported The...
Latin America
Anglo American may sell $1bn of copper assets in Chile
Anglo American is reportedly planning to sell its $1bn worth of copper assets in Chile by the end of this year. According to media reports, assets up for sale could include the Mantos Blancos and Mantoverde mines, and...
Latin America
Chile Supreme Court halts Goldcorp’s El Morro mine development
Chile's Supreme Court has halted the development of Goldcorp's El Morro gold and copper mine and told the company to hold consultations with the Huascoaltinas Diaguita indigenous group and farmers. The $3.9bn El Morro mine is 70%-owned by...
Latin America
Lundin Mining to buy Freeport’s 80% stake in Chilean copper mine for $1.8bn
Canada-based Lundin Mining has signed a deal to buy Freeport-McMoRan's 80% stake in the Candelaria / Ojos del Salado copper mining operations and related assets in Chile for $1.8bn. The purchase includes a large open pit mine, three...
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