Mining & Metals: The week in 10 stories

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Friday, September 1, 2017

Production costs are up for Latin American silver miners, as reflected in the average all-in sustaining costs of nine main producers, reflecting a rebound in investment along with the impact of blockades and technical challenges at some operations.

ECUADOR

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BNamericas spoke with Santiago Yépez, president of the Ecuadoran mining chamber, to hear about the changes that have taken place in recent years in the country.

CHILE

Following the rejection by the council of ministers of the US$2.5bn Dominga iron ore-copper project, the finance and economy ministers tender their resignations.

Candidates in Chile's November presidential election revealed their proposals for the mining sector for the next four years. While lacking in specifics, all candidates agreed on the need to streamline the permitting process and boost investment.

MEXICO

Exploration successes have come in thick and fast for Mexico's silver explorers in recent weeks, with 1,000g/t-plus grades found over short sections at existing mines and projects.

Strong economics in a recent PFS and continued positive exploration results at a Mexico project could make Canadian miner Almaden an attractive takeover target.

BRAZIL

A judge ruled that changing the status of the Renca protected area in the Amazon rainforest requires a federal law, suspending Brazilian President Michel Temer's decision to free up a nature reserve to mining.

ARGENTINA

Argentina's mining secretary Daniel Meilán told BNamericas that the government is confident anti-mining provinces will be part of the federal mining agreement signed in June.

BOLIVIA

Troubled state mining company Comibol is unlikely to meet its 2017 tin production goals due to persistent technical problems at its Vinto smelter.

PERU

And finally, Peru's government hopes it will be third time lucky for its long delayed Michiquillay copper project, as the state investment promotion agency officially called a bid round.