Cuba a leading topic for ACG Capital Connection conference

The Association for Corporate Growth will host the 2015 Association for Corporate Growth (ACG) Florida Capital Connection® and M&A Conference to discuss opportunities in Cuba Nov. 10. With diplomatic relations between the United States and Cuba being reestablished in July, embassies have opened in both Havana and Washington, D.C., after being closed for approximately 50 years. Read More »

Deutsche Bank closing Argentina, Chile, Mexico, Peru, Uruguay operations

Deutsche Bank also announced that it is move its trading activities in Brazil to regional hubs as part of changes in the company´s strategy. The bank said that the changes were part of a “a series of measures to reduce complexity and costs” over the next five years and that it will also eliminate 9,000 full-time positions plus approximately 6,000 external contractor positions. Read More »

Southern Silver reports extensive mineralization at Cerrro Las Minitas

Southern Silver Exploration Corp. on Thursday announced results from its core drilling program at the Cerro Las Minitas Project in Durango, Mexico. According to the company, four holes drilled in the area showed indications of mineralization that is polymetallic in nature and consists of silver, lead and zinc. The company plans to continue its exploration and drilling. Read More »

Dynacor reports additional gold finds in Peru

Dynacor's Tumipampa project in Peru has yielded multiple high quality gold sites, the company said, and recently provided encouraging sample results from three sites. Manto Dorado, whose roof assayed at an average of over 36 g/t has given new averages of 8.5 g/t from a new sample channel. The 31-meter channel into Manto Nazarenzo sampled at an average of 8.87 g/t of gold. Read More »

Group pledges support to provide electricity to all in Latin America and the Caribbean

With as many as 10 percent of the estimated 600 million people in Latin America and the Caribbean lacking electricity, the executive secretary of the Latin American Energy Organization said this week projects will be started soon. OLADE's goal is to contribute to the region´s integration, sustainable development and energy security by giving advice and fostering cooperation Read More »

ASSA acquires AIG's Central American operations

Panama's second-largest insurer, ASSA, will take over all of American International Group's operations in four Central American countries, the company announced. "ASSA [will] move towards its goal of being the leading insurer in Central America by adding business and professional teams of AIG in Guatemala, Honduras, El Salvador and Panama," ASSA CEO Eduardo Fabrega said. Read More »

BCM Resources names Redfern vice president of exploration

BCM Resources Corp. announced Friday it has appointed Richard Redfern to serve on its board of directors and as the company’s vice president of exploration. "We are excited to have a geologist with Rick's extensive background and experience on our team. We are confident that Rick will play an integral role in advancing our company's portfolio," BCM President Dale McClanaghan said. Read More »

Cyprium Mining acquires majority interest in Potosi silver mine venture

Cyprium Mining Corp. has closed an acquisition agreement for 53 percent of a joint venture that owns exploitation and exploration rights of the Potosi Silver mine in the Santa Eulalia District, Mexico, it announced Thursday. Cyprium Mining Corp. has agreed to pay $2.5 million as a financial commitment consisting of an equity investment of $1.9 million into CYPVAL. Read More »

Duran Ventures begins construction on mineral processing plant

Duran Ventures is beginning construction on a new mineral processing plant near Trujillo, Peru, this week. The company decided on a flotation circuit design instead of a carbon in pulp leaching circuit, as the company had previously announced. The company's decision was principally based on being able to work with larger shipments from longer term suppliers. Read More »

Brazil Minerals hires administrative VP for Montes Claros project

Brazil Minerals has hired Gisele Souza as the vice president of administration for the company's operations in Montes Claros. Souza is a dual U.S. and Brazillian citizen who is fluent in English and Portugese. She will be the company's mediator between its sand, mortar and mining operations in the Minas Gerais region and local government, regulators and local businesses. Read More »

Bancolombia's acquisition of BAM unlikely to impact on rating

Following the announcement in September of Bancolombia’s agreement to acquire a 20 percent stake in Banco Agromercantil de Guatemala, Fitch Ratings reported Friday that any negative impact would be manageable.With this transaction, Bancolombia will own 60 percent of BAM. According to the report, the acquisition of BAM is in line with the bank’s broader strategy for growth. Read More »

First Solar connects Luz del Norte to Chilean central grid

The first two blocks of the Luz del Norte solar project, headed by First Solar Inc., are now connected to the Chilean central grid, bringing the project to about half of its total 141-megawatt capacity. “This exciting milestone is proof of how utility-scale solar is a viable energy alternative for Chile right now,” Cristian Sjogren, First Solar’s Chile country manager, said. Read More »