Latin America

Brazil Minerals (OTCBB: BMIX) mined a 4.01 carats diamond, it's largest to date.   The company said the gem has good appearance with the ability to yield high colour and clarity grades. The company plans to cut and polish the diamond before selling it.   Brazil Minerals is a U.S.…
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…
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