Latin America

Timmins Gold has begun drifting into underground veins parallel to the south wall of its San Francisco open-pit mine in north-central Sonora, Mexico. The drift is part of a pilot program to test...
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Leading Developments

Violent clashes between protesters and the police near MMG’s Las Bambas took the lives of four local farmers. According to reports in Peruvian newspapers, locals believe that changes have been made...

US & Canada

Brazil's largest mining state, Minas Gerais, imposed a new tax of 2.18 reals ($1.17) per metric on iron ore and other mined ores. For iron ore, it amounts to about 1% of the current price for prompt delivery. It was the second tax levied on the mining industry by a regional government in December. Brazil's Para state, home to of Vale’s Carajas system, imposed a tax of 6.45 reals on iron ore. Legislators in Minas Gerais justified the tax, according to Latinominería, claiming that mining companies should contribute more to the cost of policing their operations.According to Reuters, Vale said the tax was illegal and said it was seeking to contest it.

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