Latin America

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…
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 are 50/50 owners of Samarco. BHP Billiton posted a YouTube video…
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 pursuant to a subscription agreement with Metals Creek (the "Subscription Agreement"),…
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