Chile open to modifying copper royalty bill on miners objections
If changes are approved, miners will pay a fixed "ad valorem" component of 1% on copper sales and 8% to 26% on their operating margins.
Cecilia Jamasmie , Editor-in-Chief
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Fresnillo halves dividend as inflation hits profit
The world’s top silver producer and Mexico’s largest gold miner declared a dividend of 13.3 cents per share, down 51% from a year prior.
Sibanye-Stillwater secures controlling stake in New Century Resources
The precious metals miner now controls nearly 71% of New Century Resources, for which it launched an unsolicited takeover bid in February.
South America looks at creating “lithium OPEC”
Argentina, Chile, Bolivia and Brazil would cooperate to expand their processing capacity, open battery plants and make EVs locally.
Iamgold picks former New Gold boss Adams as new CEO
Adams replaces board chair Maryse Belanger, who was acting as interim President and CEO during the executive search process.
First Quantum losing $8 million a day on Cobre Panama halt
The miner's local unit warned of "exponential and irreparable" damage to the company and stakeholders, including the workforce.
Tesla lobbying to secure lithium from Chile — report
Tesla executives held talks with the ministers of foreign affairs and mining, as well as with the leader of the development agency Corfo.
SQM to spend $3.4 billion by 2025 as profit tripled
The world’s second-largest lithium miner's net income hit $3.9 billion in 2022, compared $585.5 million the previous year.
BHP seeks to tighten grip on South America’s copper sector
BHP officials met with Argentinian authorities this week, expressing interest in increasing investments in the San Juan province.
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.
