Latin America

Brazil-based iron ore producer MMX Mineracao & Metalicos' subsidiary, MMX Sudeste Mineracao, has filed for bankruptcy protection from creditors in a Belo Horizonte court.   MMX Sudeste controls the Serra Azul and Bom Sucesso ventures, and generates the majority of revenue for MMX Mineracao, which is owned by Brazilian tycoon…
China-based mining firm MMG is planning to invest between $2.7bn and $3.2bn in completing the construction of its Las Bambas copper mine in Peru.   The mine, which MMG acquired in August from Glencore for $7bn, was expected to start production in 2015.   However, higher costs, changes in the…
Newmont Mining has started construction on its $1bn Merian Gold project in Suriname, South America.   Located around 40 miles south of Moengo, the 1,235 acre project belongs to Newmont's wholly owned entity Suriname Gold Company (Surgold), reported The Washington Times.   With gold reserves of 4.2 million ounces, the…
Anglo American is reportedly planning to sell its $1bn worth of copper assets in Chile by the end of this year.   According to media reports, assets up for sale could include the Mantos Blancos and Mantoverde mines, and Anglo's 50.1%-owned El Soldado mine and Charges smelter.   The sale…
Chile's Supreme Court has halted the development of Goldcorp's El Morro gold and copper mine and told the company to hold consultations with the Huascoaltinas Diaguita indigenous group and farmers.   The $3.9bn El Morro mine is 70%-owned by Goldcorp and 30% by New Gold.   The ruling of the…
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