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Latin America
Twice-defeated disclosure bills given new life with Liberal majority
The Liberal MP who pushed for legislation promoting transparency when companies set up operations abroad told Vice News he hopes the newly-elected Trudeau government will pick up his twice- defeated bills. In 2009 John McKay—Liberal Member of Parliament for...
Latin America
World’s biggest zinc producer exploring total exit from mining
Europe’s biggest zinc producer exploring total exit from miningThe company has already suspended operations at its Mexico’s Campo Morado (pictured) and Canada’s Myra Falls mines. Debt-laden European zinc producer Nyrstar (EBR:NYR) said Monday it plans to raise up to...
Latin America
BHP Billiton hits seven-year low in wake of Brazil disaster
BHP Billiton hits seven-year low in wake of Brazil disaster Shares in BHP Billiton (ASX:BHP) fell sharply on Sydney Monday, touching a seven-year low, as the mining giant took an additional hit from the tailings dam disaster at the...
Latin America
Commodities rout a sign the world economy is growing, says economist
Export Development Canada (EDC), one of the largest export credit agencies in the world, expects exports to pick up next year, basing such bullish prediction on the theory that dropping commodity prices — combined with the effect of quantitative...
Latin America
Kinross Q3 revenue drops 15%, Denver office to be shut
Kinross said its Q3 revenue came in $80.4 million compared to $947.5 million in Q3 2014 mostly due to lower gold prices. Production was down slightly, 680,679 gold equivalent ounces (Au eq. oz.) compared with 693,818 ounces in Q3...
Latin America
BHP, Vale owners tour villages devastated by Samarco
A week after the Samarco's tailings dam collapsed sending a wall of water and mud into villages killing six and leaving 21 more unaccounted for, the CEOs for BHP Billiton and Vale toured the site. Vale and BHP Billiton...
Latin America
Oban Mining Corporation announces acquisition of 19.9% of shares of Metals Creek Resources Corp.
Oban Mining Corporation (TSX:OBM) ("Oban") has agreed to acquire 4,930,000 common shares ("MEK Shares") in the capital of Metals Creek Resources Corp. ("Metals Creek") for total consideration of approximately $346,850, of which (i) 1,760,000 MEK Shares will be acquired...
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