Mining & Metals: The week in 10 stories

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Friday, November 10, 2017

Surplus Chinese steel capacity and higher imports from the Asian country remain a concern for Latin America's steelmakers, despite rising regional demand and higher prices, according to steel association Alacero.

Several Latin American miners are among the biggest market cap gainers by value, including Vale, SQM, Grupo México and Cerro Verde, a study shows.

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MEXICO

Three gold miners are targeting steep production growth in Mexico in the coming two years through new projects and expansions, bucking the overall downward trend.

Torex said it plans to overhaul security at its El Limón-Guajes gold mine with the aim of preventing further blockades.

CHILE

BNamericas spoke with the vice president of the College of Geologists of Chile, Juan Carlos Marquardt, to learn more about its Exploration and Mining Fair and its vision of the future of exploration in the country.

The world's largest copper producing country benefited from higher prices of the metal, which last month averaged 93 cents a pound more than in October 2016, helping mineral exports hit a 3.5-year high.

PERU

The country's largest locally owned precious metals producer, Buenaventura, said it restarted its Uchucchacua silver mine after a local community ended roadblocks.

BOLIVIA

The long-delayed US$900mn Salar de Uyuni lithium project will get a boost once state-built power infrastructure is completed.

BRAZIL

President Michel Temer (pictured) has reportedly agreed to lawmakers' demands to reduce the royalties rate to be paid by iron ore producers under the new mining framework, fearing the bill would not advance in congress.

Two years after what was described as Brazil's worst environmental accident, a federal prosecutor said 'no lessons were learned' from the Samarco dam burst, claiming that the country's legislation is flawed and protects miners.