Latin America

The government of Luxembourg is taking a page out of the U.S. books by officially launching an initiative to promote the mining of asteroids for minerals. The move comes barely three months after President Barack Obama enacted legislation to foster such ventures. The tiny European country, which has been studying…
Ekati mine aerial view, August 2010. (Image by Jason Pineau, WikiMedia Commons) Displeased shareholders of Canada’s Dominion Diamond (TSX, NYSE:DDC), the world’s third largest producer of rough diamonds by value, are stepping up efforts to force a company overhaul. The group, led by Toronto-based hedge fund K2 & Associates Investment…
The spill has been called the biggest mining disaster in Brazil’s history, with about 20 people either confirmed dead or still missing after the dam burst sent a wave a mud cascading into a village.Two of the largest mining companies in the world are being held to account by the…
Tim Coughlin’s career arc is actually a circle. The 50 year old geologist did his PhD research on gold-system targeting methods in the Andes of South America. Later, as chief geologist for AngloGold Ashanti, Coughlin spent several years being a “first mover” in Colombia, which at the time was grappling…
Snap Lake mine.The Snap Lake diamond mine in the Canadian north was not only dealing with a downturn in the diamond market prior to a decision last week to shutter it; the mine also had a serious problem with groundwater. According to an analysis of the closure posted over the…
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