Chilean financial institution CorpGroup is mulling over divestment of its insurance division to a pension fund manager, Inversiones La Construccion (ILC), in a deal worth approximately $165m. The company, which manages CorpBanca, said ...
US based Southern Copper's Cuajone and Toquepala copper mines, and its Ilo smelter in Moquegua region are operating normally after workers ended a two day strike. The company said in a release that the company was able to maintain ...
Tags: Southern Copper, copper mines, copper, mines
BNamericas reported that unionized workers at the BHP Billiton-controlled Escondida copper mine in northern Chile's region II have rejected the offer from management as part of the ongoing early collective contract negotiations. No 1 ...
Tags: Escondida copper mine, contract negotiation, mining, company news
A new contribution framework negotiated between mineral resource giant Xstrata and the Espinar community regarding the company's Tintaya-Antapaccay copper mine in Peru's Cuzco region is to be included in the agreements reached with local ...
Tags: Xstrata, the Espinar community, contribution framework, copper mine
According to Maplecroft's principal Latin America analyst James Lockhart-Smith,Venezuela has its eye on becoming a major minerals producer,though its capacity to do so is in question. Mr Lockhart-Smith told BNamericas that"Specifically ...
Tags: Maplecroft, Latin America, Venezuela, minerals producer
According to commodities economist Ross Strachan at UK based Capital Economics, with global molybdenum production due to increase, and a slowdown in demand on the horizon, prices are set to fall in 2013. Stronger than expected 2013 ...
Tags: Capital Economics, molybdenum production, Ross Strachan
BNamericas reported that workers at US based Southern Copper's Cuajone and Toquepala copper mines and its Ilo smelter will begin an indefinite strike on December 24th 2012 to demand higher wages. Mr Ricardo Juárez Union ...
Tags: Southern Copper, copper mines, indefinite strike, higher wages, Peru
BNamericas reported that Brazil's power regulator Aneel on Wednesday awarded 13 lines totaling 3,868km in transmission auction 07/2012 Abengoa Concessões Brasil Holding won three lots and individual lots were won by Copel ...
Tags: BNamericas, Aneel, transmission auction, Brazil
Maplecroft principal Latin America analyst James Lockhart-Smith told BNamericas that Anglo American is unlikely to seek compensation from the Venezuelan government following the expiration of the concessions and permits for its Loma de ...
Tags: Stainless Steel, Mining Gold, Bank of America, Nickel
BNamericas reported that unionized workers at the BHP Billiton controlled Escondida copper mine in northern Chile's region II are doubtful about the prospect of reaching a favorable agreement with management as part of the early collective ...
Tags: copper mine, mine, copper, copper concentrates
BNamericas cited Mr Rob McEwen CEO of Toronto based McEwen Mining as saying that government policies are causing mining companies to put off investment in Argentina in favor of friendlier jurisdictions. Over the past several months, mining ...
Tags: McEwen Mining, mining, Los Azules copper