South America

Another 10MT of iron ore off the market as Vale halts Alegria mine

The preventive measure was taken after a stress test failed to guarantee stability of the mine’s structures. Vale noted it would restart production when new studies are completed and their results are conclusive.

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Antofagasta expects copper deficit of up to 300,000 tonnes this year

The Chilean miner expects demand to outstrip supply in 2019 as consumption growth remains positive, but production increases continue to be minimal.

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Brazilian court freezes $260 million from Vale’s accounts

The world’s iron ore producer has faced continued backlash from Brazilian authorities since the deadly mining dam accident that killed around 300 people in January.

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Chile’s Supreme Court revokes ruling permanently closing Barrick’s Pascua-Lama mine

Barrick said that although the ruling was not helpful because it just delays a decision on the future of its Pascua-Lama project, the company remains focused on resolving the legal and environmental issues around the project.

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Rio Tinto rejects push by activist shareholders to reveal emission targets

Rio Tinto has hit back at a push to make it more accountable for carbon emissions produced by its customers, including Chinese steel makers.

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Global Exploration Snapshot: The Americas, West Africa and Australasia remain popular

A look at eight majors and juniors exploring for gold worldwide.

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Polish Audit Office blasts KGHM acquisition of Chilean copper mine

The body, which looks into the way the Polish state operates and how it spends public funds, says the company has spent more than $5.2B in three years in the underperforming Sierra Gorda mine.

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