Latin America Mining News
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%.
The two separate decrees aim at making the local industry more competitive and sustainable, while while implementing rules on the collection of higher mining royalties.
It produced 4,600 tonnes of lithium more than Chile in 2017 boosted mainly by record output at Mt Cattlin and Mt Marion mines.
Project is expected to extend Fort Knox mine life to 2030 and generate 17% internal rate of return (IRR) at a low capital cost.
The deal also includes a 2 percent increase over current base salaries.
Transiting Voisey's Bay nickel mine from open-pit operations to underground will cost about $2 billion, and is expected to extend its productive life to 2035.
The union at the world's largest copper mine said BHP has promised to respond to its recent proposal for a new contract by 3 pm local time on Monday.
A dam filled with liquid waste collapsed last Monday at Rio's Cieneguita mine in Chihuahua.
How did we get here and what does this ratcheted-up trade war mean for Canada, the United States and investors?
As scrap ban bites Chinese traders up May cargoes 37% year on year.
The battery cell maker is working on the first section of the factory, in Skellefteå in the north of Sweden, which will be completed in 2020 and produce eight gigawatt cell capacity per year.
Labour negotiations in the copper mining industry still left to resolve - including Escondida - represent about 2.6 million tonnes out of global copper supply.
Michel Temer is expected to issue a decree next week introducing key changes to mining rules that date back to the 1960s.
The companies are committed to explore for mineral deposits first in the Asian country and then the rest of the world .
The takeover offer, which expires next week, offers great exploration potential because Avanco owns a vast landholding in the copper and iron ore-rich Carajás region, second only to giant Vale.
Up 8% at the open after intersects add more bulk to already massive Cascabel copper-gold project in north of South American country.
Global miners face a new reality in Brazil as local, judges included, react quicker and more ferociously to legal infractions.
Up nearly 4% after union at world's only 1 million tonne copper mine demands owner BHP makes biggest bonus payout ever to Chilean mineworkers.
SQM has retained former chairman Julio Ponce as an adviser despite an agreement to distance himself from the firm to end a long-running royalties dispute.
Some Republican lawmakers warn that Trump could trigger a trade war that would destabilize the economy and ultimately hurt American workers.
As of Tuesday, Mexico will impose tariffs of 15 percent to 25 percent on U.S. steel products.
The country's car industry currently employs about 840,000 people, with 210,000 of them working on powertrain production, the sub-sector set to be the worst hit.