Copper bears drop price 11% in 3 weeks, but new report shows labour contracts still up for renewal threaten 3 million tonnes of production just in Chile.
Latin America Mining News
Zinc continued to slide after entering a bear market amid concern about increased supply and declining demand.
Results of the Preliminary Economic Assessment show Cangrejos is one of the world's top 15 undeveloped gold projects based on its average annual production potential.
OZ Minerals has announced that it has a relevant interest in Avanco of more than 90%, which means the company will now “compulsorily acquire” all of the remaining shares and acquire the fellow copper producer entirely.
Disruption to copper's supply chain has taken place at the refined metal segment of the chain, distorting trade flows but not directly removing units from the supply-demand balance.
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.
Workers are threatening to walk off the job soon to protest plans to transform the century-old open pit into an underground mine.
Samarco's operations have been suspended since Brazil's mining disaster.
Strong demand growth will be largely focused on high-grade lithium, according to research firm Roskill.
Mine accounts for 2.5 per cent of Chile's economy.
Ponce has held power at SQM since it was privatized under Pinochet in the 1980s and is still the largest shareholder.
Miners around the globe produced 330,000 more tonnes of copper between January and March this year than in the same period of 2017, helped by higher production in world’s leader Chile.
First Quantum will invest $1.5 million to advance exploration work at the Orquideas and Cascas assets in the first year, with the option of investing an additional $37 million over the course of the subsequent four years covered by the deal.
Sumitomo’s move comes as Japanese trading companies have been grabbing assets and increasing their stakes on a few of them thanks higher commodities prices, which have boosted their profits.
The world's top miner is said to have hired Goldman Sachs to assist with the sale of the Western Australia-based nickel operation.
Alicanto Minerals will retain 100% of Arakaka gold project.
The Competition Commission of India green-lighted the $4.1 billion deal reached in May between the Canadian potash giant and China’s Tianqi Lithium.
Sale is part of chief executive Andrew Mackenzie’s bid to focus on large assets in commodities such as iron ore, copper and oil.
The country's antitrust regulator is investigating the effects on the market of Chinese miner Tianqi Lithium acquisition of a 24% stake in SQM, the world's second largest lithium producer,
Four people died and five were injured following a landslide at an artisanal gold mine in the town of El Retiro.
Resolving the legal cases will allow talks with creditors to begin as the company starts to draft its long-term business plan.
The new rules are a clear effort to improve the current legislation as seamlessly as possible, but in close attention to the international industry dynamics and to a number of other sensitive issues (such as environmental recovery and security).
Anglo will sell a 21.9% stake in its Peruvian copper project to Mitsubishi, increasing the Japanese firm’s stake in the venture to 40%.