August 1, 2023 Mexico says trade deal does not apply in Grupo Mexico mine labor dispute A Mexican court ruled in favor of the workers' union in June, ordering Grupo Mexico to pay back wages and benefits.
August 1, 2023 China’s metals and mining investment overseas to hit record in 2023 – report Chinese investments and new contracts in the metals and mining sector topped $10 billion during the first half of 2023, a 131% growth year-on-year.
July 31, 2023 Rio Tinto, Codelco join forces to find more copper in Chile They will explore for the coveted metal in concessions held by Agua de la Falda, in which Rio has a 55% interest.
July 31, 2023 Carajás in Brazil could be a top producer of copper in 10 years, CEO says “That’s the super secret. There’s a lot of copper up there,” said Ero Copper CEO David Strang.
July 31, 2023 Magna’s Crean Hill nickel project PEA outlines after-tax NPV of $175m over 15 years The base case scenario for the PEA envisions a combination of open pit and underground mining, with mineable resources being sold to a third-party existing mill in Sudbury.
July 31, 2023 Copper price hits three-month high amid demand hopes, supply risks Beijing’s leadership has promised more support for the real estate sector and a reduction in the local-government debt burden.
July 31, 2023 Glencore buys Pan American’s stake in Argentinean copper project Pan American is selling its 56% interest in the MARA copper project, added to its portfolio as part of the acquisition of Yamana Gold.
July 30, 2023 Chile’s Supreme Court awards $1.4 million to 31 of the 33 miners trapped in 2010 The Supreme Court ruling states that the National Geology and Mining Service and the Labour Directorate failed to comply with its legal obligation of conducting proper precautionary inspections.
July 30, 2023 The mining world turns to Saudi cash for critical metal supply Saudi Arabia is seeking to take minority stakes in global mining assets that will over time help provide access to supplies of strategic minerals.
July 30, 2023 Saudi Arabia’s Ma’aden to acquire 10% of Brazil base metals firm Ma'aden, has agreed to acquire a 10% stake in Vale Base Metals, as part of a strategy to invest in global mining assets.
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