Latin America

Mining top executives are much gloomier about the current economic outlook than their counterparts in other industries, as the ongoing slump in key commodities, from iron ore to copper, continues to impact their business decisions.   CEOs however remain just as confident on their own company’s growth, according to PwC’s…
Chile's Supreme Court has declined to hear Barrick Gold’s (TSX, NYSE:ABX) appeal of a lower court's decision involving fines imposed on its now shelved $8.5 billion Pascua Lama gold-silver project by the country's environmental regulator, the company said. The appeal, filed by Barrick's local subsidiary, Minera Nevada, followed a confusing…
Brazilian iron ore producer Vale is looking to spin-off its base metal business, which could be worth up to $14bn.   The company said that slumping iron ore prices have prompted it to concentrate on its core business.   Vale could sell a 30% to 40% stake in the metal…
A mining unit the Vedanta Group Sesa Sterlite has approved the plan to invest $782m in development of the Gamsberg-Skorpion Integrated Zinc project in South Africa and Namibia.   The monies will be used to build an open pit zinc mine in Gamsberg, South Africa, and convert the Skorpion Zinc…
Chile's state-owned copper production company Corporación Nacional del Cobre de Chile (Codelco) has secured a $300m loan from Export Development Canada (EDC).   Codelco, which produces about 11% of the world's copper, is planning to invest around $23.5bn over the next four years in increasing its production capacity.   Plans…
Page 8 of 15

Subscribe To Our Newsletter

Security Q:How many eyes has a typical person? (ex: 1)
Name:
Email: