Riverside Resources and Centerra Gold, Inc. signed an option agreement for Tajitos Gold Project in Sonora, Mexico, on Oct. 20. Riverside Resources will act at the project manager, while Centerra Gold will focus on exploration expenditures over the next four years. After incurring $6 million in expenditures, Centerra Gold can acquire a 70 percent interest in the Tajitos Project. Read More »

Fitch Ratings downgraded the foreign currency Issuer Default Ratings of several Brazilian corporations. The Brazilian sovereign foreign and local currency IDRs dropped from BBB to BBB- and the country ceiling from BBB+ to BBB. The current foreign currency rating is Negative. Brazil's rising debt, challenges to fiscal consolidation and economic growth are all factors in the downgrade. Read More »

Geoscience company CGG has recently acquired the necessary permits to conduct a regional broadband seismic survey of Brazil's Barreirinhas Basin. The survey will be carried out by the research vessel Oceanic Vega and will provide 2D and 3D data for approximately 5,600 square miles just off the coast. CGG will make use of its high-resolution BroadSeis technology for imaging. Read More »

Xerium recently completed its renovation projects in plants in Canada, Austria, Brazil, and Japan. The renovation projects took two years to finish and are the latest step in Xerium's strategy to optimize and expand its operations across the globe. Xerium President and CEO Harold Bevis said the improvements were meant to help each of its facilities keep up with demand. Read More »

Power electronics provider AEG Power Solutions will power Dalian Shipbuilding Industry Offshore Co., Ltd.'s new deepwater drilling rig in Brazil's Santos basin after being granted a supply contract Oct. 22. The design is a customized modification of AEG's Protect 8 industrial uninterrupted power supply. AEG said the unit is unique because of its adaptability and modular structure. Read More »

The Economist will sponsor a summit of policymakers and business leaders from the United States and Cuba on Dec. 3 in D.C. The meeting will focus on clarifying the warming of diplomatic relations between the two countries for businesses and investors. Speakers will discuss the short- and- long-term risk outlook for investors interested in the Cuban market. Read More »

Arena Minerals and Teck Mining signed a joint agreement Oct. 23, giving Teck a 60 percent share in one of Arena's Atacama Copper ventures. The agreement covers the Solitario and Paciencia North prospects in Antofagasta, Chile. Teck will have a $19.5 million buy-in over six years in exchange for shares. The deal comes with options for Teck to acquire majority interest in the property. Read More »

JDA Software Group recently opened a 24-hour customer support center in Monterrey, Mexico. The "Center of Excellence" is the company's fourth worldwide and first in Latin America. It will provide customer support for customers in the United States, Canada and Latin America. JDA's three other Centers of Excellence are in Bangalore, India; Hyderbad, India; and Warsaw, Poland. Read More »

Pablo Strika will be the new Vice President of Sales for Central and Latin America for software designer Metaswitch. Strika has held several positions with a variety of technology and communications companies, including Mavenir Systems, Aricent, and most recently, Alcatel Lucent, where he worked as director of Services Sales. Metaswitch VP Ben Miller congratulated Strika. Read More »

MPH Ventures Corp. completed a deal for a 20 percent share of Travelucion. MPH bought its share from a Travelucion shareholder for just under $76,000 and 4 million shares of MPH. Travelucion dominates the online market for promoting Cuban travel, owning 432 web assets that promote more than 60 major destinations in Cuba and accounts for more than 30 million page views per year. Read More »

Calibre Mining Corp. and Canterra Gold Inc. have begun drilling at the La Luz Gold-Silver Project in northeast Nicaragua. The companies will drill approximately 4,900 feet through five holes, focused on the Cerro Aeropuerto portion of the La Luz mine, where there are an estimated 707,750 oz of gold and 3.1 oz. of silver in just over 6 million tons of graded materials. Read More »

The credit ratings agency Fitch Ratings contends that the improvement of the U.S. economy and low oil prices could improve credit ratings throughout Central America. In addition to more potential capital flowing in from a healthier U.S. economy, falling oil prices will benefit the region's oil importers who could take the economic torch from commodities exporters. Read More »

The Organization of American States and the Pan American Development Foundation will be developing new community centers in Colombia for youth, they announced on Friday. The agreement was made following an investment of $1.7 million from Colombia. Through a partnership between PADF and Colombia’s Ministry of Foreign Affairs, there have been 22 community centers built. Read More »

PriceSmart announced Thursday that it has opened a warehouse club in Managua, Nicaragua, the second warehouse club in the nation that will bring the company’s total operational locations to 38. Warehouse clubs operated by PriceSmart are clubs that offer merchandise at special prices to those who have memberships. The company operates locations in Latin America and the Caribbean. Read More »

The Latin Trade Group unveiled its annual list of leading businesswomen Thursday from Miami, commending recipients’ executive and financial leadership through ever-changing economic trends and honoring achievement in what is still a primarily male-dominated market. Based on that status, many of the honorees promote and support fellow female entrepreneurs through their work. Read More »

Potentially providing 35 new locations in Mexico, The Children's Place -- North America’s largest pure-play children's specialty apparel retailer -- signed a franchise agreement with El Palacio de Hierro, the company announced Thursday from Secaucus, New Jersey. "We are excited to be partnering with El Palacio de Hierro,” Jane Elfers, The Children's Place president and CEO, said. Read More »

ChannelAdvisor and Latin American e-commerce site iguama announced Wednesday that they have reached a partnership to connect customers to U.S. brands not available in the region. The mall offers club membership that allows Latin Americans to access U.S. goods without extra costs associated with shipping and importing across national borders. Read More »

Donaldson Co. Inc. announced Thursday that it will open two distribution centers in Colombia. “The opening of two new distribution centers in Colombia further enhances our ability to meet our customers’ needs for industrial and engine filtration solutions by enabling faster service and allowing for an even higher level of personal attention,” Guillermo Briseño said. Read More »

Montreal-based Mobi724 Global Solutions’ subsidiary, Mobi724 SRL, has entered an agreement with Spanish mobile phone operator Movistar, operating across most of Latin America, for Mobi724 to create and manage Movistar’s customer discount and rewards program. Mobi724 is a digital incentive and payment technology provider in the digital incentives, couponing and payment sector. Read More »

The sampling site at the La Cigarra Silver Project in the Chihuahua State of Mexico is one of many close to the NI 43-101 silver resource. Northair is sampling rocks in the area as well as mapping regions that could contain gold and silver deposits before beginning to drill. Plans call for sampling an area of 722 feet wide and 1,558 feet long for potential drilling targets. Read More »