Australia’s Fortescue Metals Group has signed a memorandum of understanding (MoU) with the Government of Argentina which could pave the way for a US$8.4 billion green hydrogen hub in the South American nation. The agreement between Argentina’s President Alberto Fernandez and Fortescue’s founder and chairman Andrew...
McEwen Mining has announced the creation of a solely copper-focused company that will be responsible for the development of the Los Azules project in Argentina along with an exploration property in the US state of Nevada. The NYSE and TSX-listed miner plans for McEwen Copper to...
Siemens Gamesa Renewable Energy has secured a supply order for the installation of its turbines to a wind complex in Argentina, further strengthening its position as a leader in the Latin American renewable energy sector. Siemens will install 28 of its G132-3.465 MW wind turbines at...
Chinese gold producer Shandong Gold Mining is seeking up to US$1.26 billion in loans to fund the purchase of a 50% stake in Barrick Gold’s Veladero mine in Argentina. The financing package could be provided by two Chinese state-owned banks, with Reuters reporting that $960 million...
Authorities, leading industry players and unions in Argentina are expected to sign a federal mining agreement that will unify existing legislation across the country. The long-awaited agreement will come as a boon to the industry as mining investors have increasingly favoured neighbouring countries Chile and Peru,...
China’s Shandong Gold Mining will buy a 50% stake in Barrick Gold Corp’s (NYSE:ABX) Veladero gold mine in Argentina, in a deal worth US$960 million. The deal will also open up doors for further joint venture opportunities between the two miners across the El Indio Belt,...
Argentina’s state-run oil company YPF and Royal Dutch Shell (LSE:RDSB) have reached an agreement to develop oil and gas reserves at the Vaca Muerta shale field in Patagonia. Both companies will take a 50% stake in the shale field at Bajada de Añelo, where Shell will...
Argentina’s President Mauricio Macri has announced that a significant deal has been reached with a number of international oil companies to invest up to US$15 billion a year in the country’s vast shale reserves. Oil majors Chevron, BP, Total, Shell and Argentinian state firm YPF are...
Oil and gas explorer President Energy (AIM:PPC) is seeking to raise US$20 million through a share issue, the company announced today. The company said it will use half the money to fund a 10-well workover programme in Argentina while the other half will go towards strengthening...
Latin America is on track to deploy a total of 2.7GW of solar photovoltaic (PV) capacity in 2016 as more countries in the region acquire public tenders, according to London-based analytics firm IHS Markit Ltd.