Latin America

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…
McEwen Mining (NYSE:MUX)(TSX:MUX) on Tuesday reported an armed robbery at its El Gallo 1 mine in Sinaloa, Mexico.   According to a statement an estimated 900 kilograms of gold-bearing concentrate containing approximately 7,000 ounces of gold were stolen from the refinery.   Based on today's prices the the heist is…
Barrick Gold wants to reduce debt of roughly $10 billion by almost a third this year and talks to sell two gold mines – Cowal in Australia and Porgera in Papua New Guinea – are at and advanced stage.   The world's top gold producer may also look at disposing…
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