News

Mayo 31, 2024

Lithium Ionic announces FS results for Bandeira lithium project in Brazil

Lithium Ionic study gives Bandeira project US$1.3B NPV

Mayo 31, 2024

BHP abandons US$49B bid for Anglo

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.

Mayo 24, 2024

Las Bambas copper mine starts expansion work in supply boost

Preparations for mining at the new Chalcobamba pit have begun.

Mayo 24, 2024

SQM expects to close Codelco lithium deal by May 31 deadline

The deal would give Codelco a 50% plus one share stake in a SQM’s lithium production in Chile’s Salar de Atacama.

Mayo 24, 2024

Newmont resumes operations at its Cerro Negro mine in Argentina

Cerro Negro is undergoing a $540-million expansion project that would extend its life until 2034.

Mayo 6, 2024

Codelco ensures 100% renewable energy supply by 2030

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.

Mayo 2, 2024

Mark Bristow: Barrick Gold is not interested in bidding for Anglo American

However Bristow said that the company has received written assurances from the junta that there was no threat of its assets being nationalized.

Mayo 2, 2024

Glencore takes 15.4% Stillwater Critical Minerals stake

Stillwater West is a large, brownfields project located in Montana’s Stillwater.

April 30, 2024

Hochschild Mining: Steady progress toward 2024 production goals

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.

April 30, 2024

Glencore's trading division is now expected to achieve a profit between $3 billion and $3.5 billion for the fiscal year

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.

April 30, 2024

Climate change poses a drought risk to half of all copper mining operations

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.

April 30, 2024

First Quantum to close Ravensthorpe nickel mine

Canadian mining company First Quantum Minerals has chosen to cease operations at its Ravensthorpe nickel mine in Western Australia.

April 29, 2024

Gold price increases due to weakening dollar, investors await US data

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.

April 29, 2024

Endeavour Mining achieves first gold pour at expanded Senegal mine

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.

April 26, 2024

Chile: Tianqi on financial information regarding the Codelco-SQM agreement, "It is completely inadequate."

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."

April 25, 2024

Teck Resources boosts copper output by 74% through QB expansion in Chile

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.

April 25, 2024

Lundin Gold achieves debt-free status by repaying $330 million to Newmon

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.

April 25, 2024

BHP: Proposes £31.1 Billion takeover of Anglo American, paving the way for industry transformation

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.

April 24, 2024

Leading energy giants expand metal operations amid record profits

Vitol Group, Gunvor Group, and Mercuria Energy Group are expanding their metals divisions, seeking to invest record profits.

April 24, 2024

Chile: Authorities and international experts validate El Teniente as a benchmark in global mining

Various stakeholders in the sector witnessed firsthand the technological advancements and innovations of the underground mine and other processes.

April 24, 2024

Peru: Additional trial results bolster the momentum of the Lucero project

These geochemical assays of exploration samples continue to support the immense potential harbored by the crown jewel.

April 23, 2024

Freegold Ventures launches 2024 drilling program at Golden Summit

The company starts drilling at Golden Summit, focusing on higher-grade gold zones. Building on 2023 success, they aim to enhance resource grade.

April 23, 2024

Western Alaska Minerals expands brokered offering to up to $7 Million

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.

April 22, 2024

Emirati firm to inject $550 million into Argentine lithium venture

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.

April 22, 2024

Huachipato's steel company reversal: Paving the way for equitable steel industry growth

The chilean steel company, Huachipato, reverses suspension plan, implementing surcharges to address price distortions. Anti-Distortion Commission's provisional measures promote fair competition, urging institutional modernization.

April 19, 2024

US imposes restrictions on drilling and mining activities in Alaska wilderness, sparking outcry from state leaders

The move is aimed at protecting environmentally sensitive regions and wildlife habitats from potential harm associated with resource extraction.

April 19, 2024

Spectacular copper price rally only gaining momentum

The recent surge in copper prices continues to gain momentum, signaling a potential for further growth in the market. This rally is driven by various factors, including increased demand for copper in industries such as electronics, renewable energy, and infrastructure.