Starting in 2031, the state will receive 85% of the operating margin of the new production through payments to Corfo, taxes and the profits received by Codelco as a shareholder.
Southern Cross Gold continues to report strong gold intercepts at the Sunday Creek project in Victoria, Australia.
The plant would target output of around 50,000 tonnes a year of nickel sulphate and precursor cathode active material, a battery component often containing nickel, cobalt or other chemical elements.
Lithium Ionic study gives Bandeira project US$1.3B NPV
A core part of BHP’s plan was splitting off Anglo’s platinum holdings in South Africa, a politically sensitive move that stirred government opposition ahead of the country’s general election.
Preparations for mining at the new Chalcobamba pit have begun.
The deal would give Codelco a 50% plus one share stake in a SQM’s lithium production in Chile’s Salar de Atacama.
Cerro Negro is undergoing a $540-million expansion project that would extend its life until 2034.
The Corporation signed a modification of the contract signed in 2007 with Engie, which will allow it to replace coal electricity supply with renewable energy.
However Bristow said that the company has received written assurances from the junta that there was no threat of its assets being nationalized.
Stillwater West is a large, brownfields project located in Montana’s Stillwater.
Hochschild Mining reports significant gold production increase, supporting 2024 targets. First-quarter output rose to 45,937 ounces, compared to 39,730 in 2023. New Mara Rosa mine in Brazil contributes.
On Tuesday, Glencore announced that it anticipates profit from its trading division for this year to be at the upper end of its long-term annual guidance. This projection comes amid an environment of elevated interest rates and high commodity prices.
As forecasts for the copper demand in the clean-energy transition contribute to driving prices of the essential metal to their highest levels in two years, a recent report underscores the threats to future metal supplies posed by climate change.
Canadian mining company First Quantum Minerals has chosen to cease operations at its Ravensthorpe nickel mine in Western Australia.
The price of gold rose on Monday, driven by the weakness of the US dollar, as investors awaited the Federal Reserve's monetary policy meeting and US nonfarm payroll data due later this week.
Endeavour Mining announced on Monday the successful first gold pour from its Senegal mine expansion on April 18th, achieving a major milestone for the BIOX® expansion project, completed on schedule and within budget.
The Chinese firm sharply criticized the agreement between Codelco and SQM, accusing SQM of "repeatedly refusing to convene a meeting to vote on this important decision."
Teck Resources' copper output surged 74% in Q1, driven by Quebrada Blanca (QB) mine expansion in Chile. QB2 production, delayed by weather and COVID-19, saw increased costs.
Lundin Gold, has recently reached a significant milestone by fully repaying a debt of $330 million to Newmont Corporation. This strategic move positions Lundin Gold in a strong financial position and underscores its commitment to financial stability and growth in the sector.
BHP, one of the world's largest mining companies, has launched a bid to acquire Anglo American, a major player in the mining industry, in a deal valued at $39 billion. The offer underscores BHP's aggressive expansion strategy.
Vitol Group, Gunvor Group, and Mercuria Energy Group are expanding their metals divisions, seeking to invest record profits.
Various stakeholders in the sector witnessed firsthand the technological advancements and innovations of the underground mine and other processes.
These geochemical assays of exploration samples continue to support the immense potential harbored by the crown jewel.
The company starts drilling at Golden Summit, focusing on higher-grade gold zones. Building on 2023 success, they aim to enhance resource grade.
Western Alaska increases brokered offering to $7M from $5M in response to demand. Agents to sell up to 10,769,231 units at $0.65/unit.
Emirati engineering firm United Mining Projects Corporation (UMPC), operating through its subsidiary Marhen Lithium, has disclosed a substantial $550-million, four-year investment plan in Argentina's northwestern Catamarca province.
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