The company completed its 2018 exploration program on the Esperanza Resources mineral concessions.
Argentina Mining News
High risk, high reward is the bet being made by global lithium miners in Argentina who are brushing aside a recession, a currency crisis and political uncertainty in their hunger for the mineral that helps power electric cars.
Earlier this year, Yamana announced a hike in its exploration budget to $11.2 million from the previous $9 million.
The company estimated that project expenditures in 2018 to total between $110 million and $130 million.
While lithium giants like SQM and Albemarle tangle with one another over scarce lithium brines and water, a beautiful lithium mine in Nevada’s Clayton Valley is taking shape.
Albemarle says it expects to ultimately receive approval to produce more lithium from Chilean Nuclear Energy Commission (CCHEN).
The company shares the same core management team as Regulus Resources and is focused on projects in Argentina.
The Gualcamayo acquisition adds 491,000 ounces of gold in reserves and 2.28 million ounces of gold in indicated mineral resources.
The project, located in the San Juan province, is about 10km from the border with Chile, the world’s No. 1 copper producer.
Changes to an existing provincial law propose a new Special Mining Rate.
Lake Resources and Lilac Solutions claim they can produce lithium carbonate or lithium chloride more rapidly and at a lower cost than others.
Miner is mulling ways to mitigate the impact of Argentine President Mauricio Macri's surprise decision to impose a temporary tax on all exports to strengthen the country’s ailing economy.
The project, which straddles salt flats and lakes across 135 square miles near the Chilean border, is billed as having high concentrations of lithium.
South Korea, Brazil and Argentina will benefit from the measure.
The $280-million deal gives POSCO a package of mining tenements for 17,500 hectares of land in the northern area of the Salar del Hombre Muerto salt flat in Argentina.
The $87.5-million deal is the latest Chinese acquisition of a lithium project in South America, following Tianqi Lithium’s decision to buy 24% of SQM for $4.1 billion, which has not yet been approved by Chile’s antitrust regulator.
The world’s automakers “don’t worry about lithium supply anymore” – Simon Moores.
The Canadian precious metals miner logged a $10.6-million net loss for the first half of the year following a $49-million investment in its Gold Bar, Black Fox and Los Azules projects during the period.
Over 1,500 mining companies were operating in the South American country in 2016.
Acquisitions in the metals mining sector have begun to pick up, with an increase in joint ventures between Western and Chinese mining firms.
Sibanye Canada and Regulus’ newly formed Argentinean subsidiary Aldebaran Resources will create a strategic partnership to unlock value at the copper-gold project, located in the San Juan province.
The miner, which has set an exploration objective of adding one million gold equivalent ounces to Cerro Moro's mineral inventory, has hiked its exploration budget for 2018 to $11.2 million from $9 million.
The CEO of Fortescue Metals Group said that the company is working towards finding other commodities to mine.
Mining lithium in the salars of Chile and Argentina is much more cost-effective than hardrock mining.
The land is located in the northern area of the giant Salar del Hombre Muerto salt flat.