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South America
 
LEGISLATIVE ENVIRONMENT

Motlatsi proposes new migrant labour deal Video Available

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Mining union pioneer Dr James Motlatsi on Thursday proposed a new deal for South Africa's migrant mine workers. Speaking to Mining Weekly Online in a video interview, the founding president of the National Union of Mineworkers called on the...
23rd May 2013
 
 
IRON-ORE

SAFM secures $15m funding for Ponto Verde

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Iron-ore developer South American Ferro Metals (SAFM) has secured a $15-million loan facility from Deutsche Bank to complete its bankable feasibility study on the Ponto Verde project, in Brazil. As part of the two-year facility, SAFM has agreed...
23rd May 2013
 
 
CEASE TRADE ORDER

Rusoro shares suspended as nationalisation hampers audit

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Canadian securities authorities suspended trade in TSX-V-listed Rusoro’s stock late on Tuesday, as a result of the company’s failure to file its 2012 full-year financial results, as required by Canadian continuous disclosure rules. Rusoro on...
22nd May 2013
 
 
TUNGSTEN

Malaga may sell Peruvian tungsten assets as financial woes deepen

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Tungsten junior Malaga, which owns the Pasto Bueno mine, in Peru, on Tuesday said it could sell its Peruvian assets in an attempt to remain a going concern. Malaga put the Pasta Bueno mine and plant on care and maintenance in the fourth quarter,...
21st May 2013
 
 
BASE METALS

Construction proceeding apace at Trevali’s Peruvian Santander project

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The construction and initial commissioning of TSX-listed Trevali Mining’s Santander zinc/lead/silver mine, in west-central Peru, was proceeding apace after the delays encountered in April. Vancouver-based Trevali last month reported that the...
21st May 2013
 
 
LABOUR INACTION

Workers strike at Bolivia's top tin mine, seek better pensions

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Workers on strike at Bolivia's biggest tin mine, state-run Huanuni, have cost the mine $5-million in lost output since they walked off the job on May 6, the government said on Friday. Miners at Huanuni have joined a general strike to demand...
17th May 2013
 
 
URANIUM

U3O8 Corp outlines Argentina strategy

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Canada-based uranium project developer U3O8 Corp this week outlined its strategy for Argentina, saying it believed the Laguna Salada deposit was a potential low-cost, near-term producer, and setting up a pipeline of projects for sequential...
17th May 2013
 
 
RARE EARTHS

Alternative rare earths remain elusive three years after curbs

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Following the global economic downturn of 2008/9 and a series of events and press reports in 2010 that coined what some referred to as the “rare-earths crisis”, there has been a glut of new rare earths projects starting out, yet few have...
17th May 2013
 
 
LEGISLATIVE ENVIRONMENT

Ecuador pushing ahead with reforms to lure mining investors

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Ecuador's government on Thursday presented a mining bill to Congress that should pave the way for the signing of contracts with several investors, including Canada's Kinross Gold. Ecuador does not have a large-scale mining industry, but the...
17th May 2013
 
 
RARE EARTHS

Critical alternative rare earths sources remain elusive well after 2010 curbs

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Following the global economic downturn of 2008/09 and a series of events and press reports in 2010 that coined what some referred to as the “rare-earth crisis,” there has been a glut of new rare earths projects starting out, yet few have...
17th May 2013
 
 
COPPER

Panoro projects progress as Peru seeks to double copper output

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King copper’s crown recently slipped in Peru; formally the second-largest producer of the red metal, the country was pushed into third place by China during 2011, according to the International Copper Study Group’s 2012 fact book. Peru is...
16th May 2013
 
 
PROJECT EXPANSION

McEwen Mining takes a close look at growth-cost alternatives

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Faced with lower gold and silver prices and challenging capital markets, miners are being forced to look closer at low-cost alternatives to grow profitability, prompting metals producer McEwen Mining to expand its existing El Gallo 1 mine, in...
16th May 2013
 
 
 
 
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Motlatsi proposes new migrant labour deal Video
New technology potential game changer –... Video
AngloGold Ashanti to cut $500m costs, sell... Video
Mining doomed if ‘crazy’ pay increases... Video
Mining needs more regulatory certainty,... Video
Looming China/Africa head-on collision – Solomon Video
Greater degree of certainty emerging in SA... Video
Mine nationalisation lost Zambia $45bn, Eunomix... Video
SA must instil new confidence in global... Video
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