Mining industry exports from Argentina last year increased in value but suffered a drop in volume as a consequence of the high international prices, a report from the Economic Sectors Research, IES, indicates.
The tourism industry and mining corporations in Peru are suspending or cancelling operations because of the escalating political protests in the country with dozens of people killed in clashes with security forces.
Demonstrators in the Argentine province of Chubut set the Government House and other public buildings in the capital city of Rawson on fire to express their opposition to a mega-mining bill passed by the local legislature.
Despite economic shortages stemming from sanitary restrictions in force during most of 2020 and 2021 amid the COVID-19 pandemic, gold has managed to become the second most exported product in the Argentine province of Salta, a study showed.
A local subsidiary of China's Ganfeng Lithium has purchased a 23-hectare property in the General Güemes Industrial Park in the northwestern Argentine province of Salta, it was announced.
Brazilian mining giant Vale signed a settlement deal on Thursday to pay 37.7 billion reais (US$ 7 billion) to the state of Minas Gerais, following the collapse of a dam two years ago that devastated the city of Brumadinho and killed more than 270 people.
The Argentine Chamber of Mining Entrepreneurs (CAEM) reported that the country’s mining output fell by 70% y-o-y in 2020 due to the effects of the Covid-19 pandemic. CAEM also said that small and medium-sized mining operations, which tend to be family-owned, saw a 40-50% fall in production.
Producer price inflation in Brazil jumped to its highest on record in October, figures showed on Thursday, led by another month of rising food prices, which will likely stir the debate further on the wider outlook for inflation and interest rates.
Chile’s economic activity sank 5.3% in September year-on-year but grew 5.1% from the previous month, the central bank said on Monday, as the world’s no. 1 copper producer emerged from the worst period of the coronavirus pandemic.
Ecuador unveiled new, tighter regulations for the design and construction of mining waste dams, seeking to avoid disasters like the tailings dam collapse that killed hundreds at a Vale site in Brazil last year.