March 8, 2012 Antofagasta Minerals CEO quits a week before 2011 results In an surprising move, London-listed, Chilean copper producer Antofagasta PLC (LON:ANTO) announced that the chief executive of its copper division, Marcelo Awad, had agreed to quit.
March 8, 2012 Mexico leads Latin America’s exploration expenditures Mexico’s exploration expenditures are the highest in Latin America, reaching a record high of almost US$1 billion in 2011, says the latest report released by the Metals Economics Group’s (MEG),…
March 8, 2012 Indonesia mine rule applies to all, not just aimed at Freeport – minister The country's deputy energy and mining minister says the new regulation that changes the rules on foreign ownership of mines applies to all companies and is not aimed specifically at…
March 8, 2012 Hudbay’s cash grows 42% in fourth quarter Hudbay Minerals (TSE:HBM) rang in the fourth quarter with a $34.3 million profit or 21 cents per share, compared to $7.9 million or seven cents a share at the end…
March 7, 2012 Indonesia rule change rattles foreign mine owners Indonesia will take more of the profits from its vast mineral resources by limiting foreign ownership of mines in a move likely to scare off new investment in the world's…
March 7, 2012 Antofagasta CEO steps down with immediate effect The copper miner says Marcelo Awad had resigned with immediate effect and will be temporarily replaced by chairman Jean-Paul Luksic until a successor is appointed.
March 7, 2012 Glencore raising new $6bn loan – extending existing too Swiss commodities trading powerhouse Glencore is raising a $6 bn syndicated loan in connection with its Xstrata merger and also extending an existing $11.85 bn of existing loans.
March 7, 2012 Kansanshi copper mine signs gas cleaning and acid plant deal with Outotec Finland's Outotec has been awarded a $105 million contract to build a new gas cleaning and sulphuric acid plant for Kansanshi Mining's Solwezi copper smelter in Zambia.
March 6, 2012 Kagara lays off 130 employees after posting A$48.9 million loss Queensland base metal miner, Kagara Mining, said 130 of its staff were becoming redundant after the company posted an A$48.9 million loss in the first half of its financial year.
March 6, 2012 South American mining boom is now in the rearview mirror: Citigroup In Latin America the decade-long bull run for mining and hydrocarbons is mostly behind us, according to Jason Press, a regional specialist analyzing equities for Citigroup.
