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.
