Latin America

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 the riding of Scarborough-Guildwood—introduced Bill C-300, the Corporate Accountability of 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 $296 million (€275m) through a share offering to pay down debt…
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 Samarco iron ore mine in Brazil, which co-owns with Vale (NYSE:VALE).…
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 easing — actually means world demand is coming back. The agency…
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 2014. Heavy rains at Maricunga hampered production, but the decrease was…
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