Excellon Resources acquisition of La Negra falls through
Excellon's two board members have resigned after the mine seller unexpectedly sent it a notice terminating the transaction.
Cecilia Jamasmie , Editor-in-Chief
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Antofagasta’s Arriagada, Collahuasi boss frontrunners for Codelco’s top job
Other names circulating include internal candidates Nicolás Rivera and Mauricio Barraza, from the north and centre-south divisions.
MinRes backs out of Chinese investment deal with Albemarle
Billion-dollar deal that would have seen MinRes acquire a stake in downstream assets in China owned by Albemarle.
Rio Tinto flags cost hike at Argentina lithium project
Rio Tinto’s $140 million estimate and schedule for the starter plant at Rincon lithium project are under review due to cost escalation.
Tata Group to build $5 billion gigafactory in the UK
Tata's first gigafactory outside of India will supply locally-made batteries to the company's its Jaguar Land Rover factories.
Canada’s regulator clears Newmont’s acquisition of Newcrest
The world’s largest gold miner is also progressing towards receiving regulatory approvals in other jurisdictions, with a transaction close expected in the fourth quarter of the year.
Petra Diamonds misses production target for 2023 on lower grades
It produced 2.67 million carats for the year to June 2023, down by 20% from fiscal 2022 and below its guidance of 2.75-2.85 million carats.
SolGold’s Cascabel copper project license renewed for 25 years
A PFS shows the Ecuador asset has the potential to become one of the 20 largest copper-gold mines in South America.
Rainbow, Mosaic partner on rare earths extraction in Brazil
They expect to produce a preliminary economic assessment of the opportunity to extract rare earths from from Mosaic’s phosphogypsum stack.
Rio Tinto grabs stake in graphite-focused Sovereign Metals
Rio Tinto's move marks its first public step into the graphite sector, as it continues to boost its exposure to battery minerals.
Savannah nears full ownership of Barroso lithium lease
The Aldeia lease transfer would expand Barroso’s resource base as Savannah targets EU lithium supply and advances permitting.
