Northam Platinum posts profit dip as costs surge
Increases in the price of chemicals, steel components, explosives and fuel drove Northam's production costs 18.9% higher.
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Codelco lowers 2022 copper production outlook
World’s largest copper producer blaming lower recovery levels and ore grades at the Chuquicamata site, as it also deals with fatal accidents halting some construction works.
Fracking may decrease magnitude of microearthquakes at mining operations – study
New research proposes the idea that hydraulic fracturing may decrease the magnitude of seismic events and microearthquakes at certain mining operations.
Mining People: Canadian Metals, Copper Mountain, Endeavour Silver, Trevali Mining
Key moves in the mining sector.
Lynas posts record profit on solid rare earths demand
The rare earths producer reported net profit after tax of $377 million for the year.
Tesla’s battery metals bill balloons to $100 billion
Raw material costs have more than doubled since Elon Musk said Tesla will produce 20 million vehicles per year before 2030.
Peru lowers 2022 growth forecast and abandons mining tax hike plan
The new forecast is significantly higher than the Refinitiv average of 2.6% but is lower than the 3.6% the ministry had last forecast in May.
Robert Friedland’s Ivanhoe Electric one of three finalists for Saudi Arabia project
Kingdom passed a new minerals investment law last year and provided 13 reconnaissance licences, 133 exploration licences and eight exploitation licences.
Anglo American Chile’s CEO resigns, interim chief named
Aaron Puna will be temporarily replaced by the head of the firm’s Los Bronces mine, Patricio Hidalgo.
