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Xstrata Copper announces additional mineral resources for Lomas Bayas sulphide copper project

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Xstrata Copper announces an upgraded  Mineral Resource estimate for the sulphide copper deposit, known as Lomas III,  located under the current pit of its Lomas Bayas operation in northern Chile’s Antofagasta Region.
The improved Mineral Resource estimate is based on 121 drill holes (50,410 metres) and now totals 435 million tonnes at an average grade of 0.39% copper, using a 0.2% copper cut-off grade, and includes molybdenum, gold and silver...

LATAM News - November 2010

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In this Issue: OneSteel buys into LatAm, SA Ferro Metals starts production in Brazil, Mexico's new presence in Australia, Karoon Gas straps Brazil IPO, Australian Embassy re-opens in Lima, Chile aims to cut 'red tape', Colombia and Venezuela wo work together, Cuba locks in economic reforms

Latin America's Growing Appeal

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ALABC members can sign into the website and access the presentation made by José Blanco at the recent Signium International 2010 Annual Conference, held in Sydney in November. The presentation is attached to this news article.

 

Record foreign investment flows into Chile

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Record foreign investments in Chile during the first 11 months of this year are due to the increased number of mining projects and higher capex associated with them, according to the executive director of copper study centre Cesco, Juan Carlos Guajardo.

Figures released by foreign investment committee Cinver show the mining sector accounted for 82.9% of the total US$13.3bn in approved foreign investment in the January-November period. The figure represents a 201%...

Chavez/Santos normalize trade and energy relations: “we need to work together”

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Venezuelan President Hugo Chavez and Colombian counterpart Juan Manuel Santos agreed on 2nd November to strengthen ties through energy projects as they sought to improve relations and leave behind recent bitter disputes.
The two presidents agreed to resurrect plans for a natural gas pipeline stretching from Venezuela to Central America and also revived a proposal to build an oil pipeline from Venezuela's oil fields to Colombia's Pacific coast.

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