CENTRAL SOUTH AMERICA

$294M CASH AND PROJECT FUNDING

Korean consortium buys 30% interest in Boleo manganese project

Thursday , 03 Jul 2008
What is believed to the world’s sixth largest manganese deposit got a welcome boost Wednesday as Baja Mining announced it has closed the sale of 30% of the Boleo project to a Korean Consortium.
STOCK PRICES SINK

Freeport-McMoRan Cerro Verde miners join Peruvian strike

Thursday , 03 Jul 2008
Global copper prices hit a two-month high while stocks of mining companies dropped as more strikers continued to walk off the job at Peruvian mines.
GENERAL STRIKE PLANNED TOO

As Peru strike continues miners decide whether to support it

Wednesday , 02 Jul 2008
Workers want ‘fairer share’ of profits from high commodity prices. Some mines still not affected.
STRIKE STARTED MIDNIGHT SUNDAY

Strike to paralyse Peru's gold, silver and base metals mines

Monday , 30 Jun 2008
Peruvian miners are set to shut down the county's mining industry and blockade roads to bring pressure on the government to approve a law eliminating limits on profit sharing.
KIMBERLEY PROCESS COMPLIANCE AN ISSUE

Diamond bourses warned not to buy diamonds from Venezuela

Friday , 27 Jun 2008
Diamond bourse members will risk exclusion if they trade in Venezuelan diamonds.
FOREIGN MINING INVESTMENT FIGHT

Ecuador assembly head resigns over constitution rewrite deadline

Tuesday , 24 Jun 2008
The rift between Ecuador’s President and former Assembly chief Alberto Acosta is important for foreign mining investment as projects remain on hold.
$1.1B CAPEX TO RESURRECT MINE, SMELTER

HudBay, Skye announce $447.5m “Plan of Arrangement” for Fenix nickel project

Tuesday , 24 Jun 2008
Through its proposed “Plan of Arrangement” with Skye Resources, HudBay may acquire one of the possibly least problematic brownfield nickel laterite projects available, a former ferro-nickel mine and smelter in eastern Guatemala.
WAS RAWLINS GANG RESPONSIBLE?

Eight miners murdered and burned in Guyana diamond camp

Monday , 23 Jun 2008
An investigative team is studying the motives for the slayings of eight miners at a diamond camp in southeast Guyana, fearing it could be the work of a gang that has reportedly already murdered 23 people.
VENEZUELA IS ‘TAKING CONTROL’

Venezuelan minister bans mining in Imataca Forest Reserve

Monday , 23 Jun 2008
Venezuela’s environmental minister says state is taking control in order to “save and appropriate what is ours.”
MORE STRIFE LOOMS

Social unrest in Peru focuses around mining sector wealth

Saturday , 21 Jun 2008
Perceptions that wealth generated by multinational mining companies is not being passed on to the nation's poor has been behind recent unrest in Peru - and there may yet be more to come.
INDIA WORRIES ABOUT FAKE CERTIFICATES

Venezuela voluntarily withdraws from the Kimberley Process

Friday , 20 Jun 2008
Seven human rights NGOs have successfully pressured Venezuela to withdraw from Kimberley Process diamond certification scheme.
MORE MONEY FOR MOQUEGUA

Copper mine and smelter blockade ended in Peru

Friday , 20 Jun 2008
Although Peruvian government officials have apparently struck a deal to end the blockade of major roads, and Southern Copper’s Ilo smelter and Cuajone mine, all may not quite be over yet.
RUSORO WILLING TO DISCUSS JV

Hecla says adios to Venezuela as Rusoro agrees to buy La Camorra gold unit

Friday , 20 Jun 2008
Through its decision to buy Hecla’s Venezuelan assets, Rusoro Mining hopes to mine 220,000 ounces of gold this year from its Venezuelan operations.
TRY, TRY, TRY AGAIN

Crystallex files second appeal over right to mine its 17 million ounce Las Cristinas gold deposit

Wednesday , 18 Jun 2008
In the long running Crystallex saga, the company has said it will launch another appeal to attempt to reverse the denial of mining rights for its Las Cristinas deposit in Venezuela.
SOUTHERN COPPER CUT OFF

Protestors put Peruvian mining region under siege

Monday , 16 Jun 2008
Residents of the Peruvian province of Moquegua have blockaded roads and left cities short of food and/or fuel over distribution of mining revenues to alleviate problems of the poor.
PROTESTS OVER TAX ALLOCATIONS

Southern Copper ops access severed by Peruvian protestors

Saturday , 14 Jun 2008
The local population of the Peruvian province of Moquegua have been blockading main roads and mine accesses in protest over not receiving sufficient benefits from mining sector taxes, virtually cutting off food and fuel supplies to the southernmost province of Tacna.
PILLAR OF THE ECONOMY

To privatise or not. Chile looks to future of world No. 1 copper giant Codelco

Wednesday , 11 Jun 2008
There is a current debate in Chile over whether to privatise the world’s biggest copper producer, Codelco, responsible for an important proportion of the national budget.
OTHER OPPORTUNITIES BEING EXPLORED

How does Apex Silver spell liquidity relief? S-U-M-I-T-O-M-O

Tuesday , 03 Jun 2008
With the $70m Sumitomo deferred payment deal for San Cristobal’s silver and zinc output, Apex Silver gives investors what they want -- more liquidity.
TRANSREDES NATIONALIZED BY MORALES

2 more Bolivian Provinces climb on autonomy bandwagon

Tuesday , 03 Jun 2008
As conservative rightist supporters successfully battered away at the socialist agenda of the Evo Morales Administration in yet another two provinces, the President Monday nationalized yet another foreign energy-related company.
STERLITE ANNOUNCES $2.6B ACQUISITION

Grupo Mexico vows to fight Sterlite’s purchase of copper miner Asarco

Monday , 02 Jun 2008
A subsidiary of conglomerate Vedanta Resources is about to become India’s first major entrant into U.S. copper mining.
WEEKEND REVIEW

Pressure on gold mine developers grows as Venezuela says No

Saturday , 31 May 2008
The recent ruling by the country's environment ministry prohibiting large scale gold mining development in Venezuela's Imataca Forest raises mining sector nationalisation fears again.
GOOD RELATIONSHIP WITH GOVERNMENT

Coeur's big San Bartolome silver mine inaugurated

Wednesday , 28 May 2008
Coeur d’Alene Mines Corp. of the US is inaugurating its San Bartolome mine in Bolivia today which it claims will be the world’s biggest pure silver mining operation.
200 STRIKES OVER EIGHT YEARS

Mexico mining strike called over confirmation of election of union leader

Monday , 26 May 2008
The volatile Mexican mining unions have been called out on a 24-hour strike over demands that the Labor Ministry confirms the re-election of Union leader Napoleon Gomez.
BLACKFOOT RIVER SETTLEMENT AUTHORIZED

Grupo Mexico steps up fight to retain Asarco as bankruptcy sale nears resolution

Friday , 23 May 2008
As the Asarco bankruptcy inches closer to a sale, Grupo Mexico has dug in and insisted that—with the correct information—it can fund a 100% repayment plan to the U.S. base metals company’s creditors.
MORE THAN 1 MILLION OZ/Y TARGET

‘Everywhere we’re drilling, we’re finding gold’: Goldcorp’s Red Lake still impresses

Thursday , 22 May 2008
Despite all the excitement surrounding the Peñasquito project, Goldcorp investors and mining analysts were reminded Wednesday that there’s still considerable life in the old gal yet at the flagship Red Lake gold mine.
PIRQUITAS START-UP 4Q08

Silver Standard expresses confidence in Argentinean export tax talk outcome

Friday , 16 May 2008
As Silver Standard anticipates the start-up of its first major mine late this year in Argentina, the company is confident of its liquidity and negotiations concerning mining export taxes.
MINISTRY INTERVIEW

More bad news for Crystallex and Gold Reserve

Friday , 16 May 2008
Venezuela stops open-pits and gold mines.
INVESTOR HUB: Gold / Copper

   

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RUSSIA’S RICHEST MAN FACES LONDON TRIAL

Rusal’s Oleg Deripaska loses battle to stay out of the High Court

Thursday , 03 Jul 2008
High Court’s Lord Clarke grants Mikhail Chernoy UK jurisdiction to pursue his share of Rusal.
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