Argentina , Mexico , Chile and Brazil
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Mining & Metals: The week in 10 stories

Bnamericas Published: Friday, July 12, 2019
Mining & Metals: The week in 10 stories

CHILE, ARGENTINA

Chile and Argentina met to ratify collaborative efforts between the two countries to implement and promote their 22-year-old mining integration treaty.

BHP has submitted an environmental impact study to Chilean authorities for a US$160mn project to update the Spence copper mine's management of leached material. Construction is expected to begin in 2H20.

Chile's environmental evaluation service received 18 mining-related projects involving investment of US$4.1bn in the first half of 2019, with the US$3.2bn expansion of the Collahuasi copper mine being the largest.

Tailings risk management is becoming a priority for miners after disasters involving big industry players in Brazil and Canada, experts told a conference in Chile.

MEXICO

Mexico's mining industry chamber Camimex announced an upward revision in forecast investment for 2019 and now sees the figure hitting US$5.34bn.

Following preliminary determinations by the US on structural steel countervailing duties the government claimed the decision was a case of specific subsidies and not a national security measure.

Miners in Mexico plan investments of US$2.71bn for new gold projects during 2019-24.

The World Trade Organization announced that a solution has been reached in a trade dispute between the US, Mexico and Canada regarding tariffs on aluminum and steel.

BRAZIL

Projects outlined by companies interested in maintaining and expanding port operations in Brazil exceed 100bn reais (US$26.4bn), with iron ore the most handled material during Q1.

Finally, after a proposal for increased royalties following the Brumadinho dam tragedy, an analyst told BNamericas the measure would damage the country's mining sector.

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