Chile to triple fines for environmental damages, infractions

Bolivian President Evo Morales has nationalized the assets of Vancouver-based South American Silver, accusing the miner of causing a conflict that saw violence erupt among communities around the mining project it was developing there.

Giant miner Xstrata has set Sep. 7 as the day for its shareholders to vote on the $26 billion takeover by Glencore, giving the commodities trader six weeks to reach an agreement on the conditions.

Goldcorp, the world's second-largest gold miner, said expected gold production would drop 8% due to problems at Peñasquito and Red Lake.

Codelco possess 9% of the world's known copper reserves and the A+ rating reflects Codelco's total ownership by the Government of Chile and its strategic importance to the country.

Unionized workers of Durango Sate in Mexico, forced Canadian miner Excellon Resources to halt its operations at San Pedro mine after over 70 union members occupied the facilities last night.

Canadian miner Teck Resources has temporarily withdrawn the Social and Environmental Impact Assessment application for its $5.6 billion Quebrada Blanca II expansion project in northern Chile.

Despite the recent deadly and divisive disputes over mining projects in Peru, London- based mining giant Anglo American says it hopes to begin construction of its $3 billion Quellaveco copper project in the country as soon as possible.

Candente Copper will be allowed to resume its exploration and feasibility drilling at its Canariaco project in Peru, after the local community of San Juan De Kañaris voted in favour of granting surface access to the company on Sunday.

Bolivian Labour Minister, Daniel Santalla, signed an agreement on Sunday with the leaders of the Andean local community of Malku Khota who were holding five employees of Canadian South American Silver captive.