Latin America

If you enjoy the feeling of being trapped, maybe you’ll enjoy The 33. The unavoidable consequence of making a movie in which the main characters are confined to a small, dark space for much of the film is that there’s little forward movement. It’s a narrative dependent on absence: the…
Vale (NYSE:VALE) said on Monday that it would take several years for Brazil's Doce river to recover following a deadly tailings dam burst at an iron ore mine it jointly owns with BHP Billiton (LON:BHP, ASX:BHP). In an update Friday, BHP revealed that mine tailings—a mix of water, iron and…
Global coal imports heading for second year of ‘dramatic’ dropsNearly all of the 47% growth in total world coal trade between 2008 and 2013 was driven by rising coal import demands by countries in Asia, specifically China and India… Not anymore. This has been a particularly bad week for the…
Teck Resources to axe 1,000 jobs, lowers dividendWork at Carmen de Andacollo copper mine, located in Chile's north-central region of Coquimbo.  Canadian mining giant Teck Resources (TSX:TCK.A, TCK.B), (NYSE: TCK) has decided to cut 1,000 jobs, or around about 9% of its global workforce, through a combination of layoffs and…
Brazilian tycoon Eike Batista's fortune topped out at an eye-watering $32.8bn in April 2012 when his oil and gas firm OGX's first wells went into production and his coal, iron ore, shipping and many other ventures were humming along.   Now the 58-year old Eike (he prefers to be called…
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