Business News Americas - Mining

Mining - Mexico - Mining royalty could see Mexico miss out on foreign investment - association

Samuel Williams — Mon, 20 May 2013 14:17:18 (GMT -0400)

Mexico could miss out on foreign investment if a 5% mining royalty is imposed, according to Jos� Mart�nez G�mez, president of the mining engineers, metallurgists and geologists association (AIMMGM). ...

Mining - Peru - Las Bambas 30% complete, says minister

Tiffany Grabski — Mon, 20 May 2013 14:22:8 (GMT -0400)

Peru's US$5.2bn Las Bambas copper project in Apur�mac region is just shy of being a third complete and construction of the processing plant has started, mines and energy minister Jorge Merino said aft...

Mining - Brazil, Chile - Vale submits EIA modifying Chile's Tres Valles copper complex

Alexandra Demo-Dananberg — Mon, 20 May 2013 15:31:56 (GMT -0400)

Brazilian miner Vale (NYSE: VALE) is planning to invest US$1mn to modify its Tres Valles copper complex in Chile, according to the modification project's recently submitted environmental impact assess...

Mining - Regional - Junior roundup: Rio Cristal, Orinoco, Trulan

Alexandra Demo-Dananberg — Mon, 20 May 2013 15:52:46 (GMT -0400)

Vancouverite Rio Cristal Resources (TSX-V: RCZ) has terminated its option agreement to acquire the Bongar� zinc project in Peru, the company said in a release. Rio Cristal cited lack of financing a...

Mining - Regional - Outook for Latin American mining and metals industry worsens - S&P

Greta Bourke — Mon, 20 May 2013 16:04:41 (GMT -0400)

The outlook for the Latin American metals and mining industry has worsened as recovery prospects weaken, according to a report by Standard & Poor's (S&P). "We expect metal prices to continue to dro...

Mining - Chile, Peru - Chile's CAP seeking partner for El Tofo, defines 2013 investment budget

Alexandra Demo-Dananberg — Mon, 20 May 2013 16:25:43 (GMT -0400)

Chilean iron ore and steel group CAP (BCS: CAP) is considering taking on a partner to develop its El Tofo iron ore project in Chile's in region IV, according to general manager Jaime Charles. "This...

Mining - Brazil - Michelin projects demand growth in Brazil's mining sector

Frederico Barbosa — Mon, 20 May 2013 16:38:43 (GMT -0400)

French tire producer Michelin is betting on increasing demand for its products in Brazil's mining sector as its traditional Euopean and North American markets slow down. "We expect the Brazilian mi...

Mining - Regional - Mining climate ideal for construction, suppliers open to negotiation - analyst

Samuel Williams — Mon, 20 May 2013 16:55:20 (GMT -0400)

The current climate in the mining sector represents a "wonderful" time to build for companies with the means to do so, Scotiabank director of gold and precious metals Trevor Turnbull told BNamericas. ...

Mining - Regional - Plains shareholders approve Freeport acquisition following one-time dividend enticements

Alexandra Demo-Dananberg — Mon, 20 May 2013 17:01:3 (GMT -0400)

US-based copper producer Freeport-McMoRan (NYSE: FCX) and compatriot oil firm Plains Exploration & Production (NYSE: PXP) announced that Plains shareholders have approved the proposed acquisition by F...

Mining - Honduras - Honduras mining bill 75% complete, promotion board head says

Samuel Williams — Mon, 20 May 2013 17:05:51 (GMT -0400)

A mining bill being drawn up in Honduras is "well advanced," Aldo Santos, head of the country's mining promotion board, told local press. Legislators have considered 75 of the 114 articles included...