First Quantum hopes for speedy Cobre Panama contract renewal
The document, which has yet to be approved by Congress, will see First Quantum pay $375 million a year plus a royalty of 12% to 16% of the mine's gross profits.
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‘Endangered metals’ no longer needed to produce hydrogen from water
Japanese scientists found a way to use cobalt and manganese to produce hydrogen for fuel cells and agricultural fertilizers.
Tesla secures 5-year lithium supply from Liontown
Australia's Liontown Resources will provide the EV giant with more 100,000 tonnes of lithium spodumene concentrate a year, starting in 2024.
Barrick Gold announces $1bn buyback as quarterly earnings jump
Barrick also increased its regular quarterly cash dividend by 11% as it exceeded earnings estimates.
Syrah Resources to expand Louisiana graphite processing facility
Syrah will add 180,000 square feet of real estate to its existing 50,000 square-foot Louisiana facility.
Gold reserves at Venezuelan central bank down to new 50-year low
The bank for decades held more than 300 tonnes equivalent of gold, but between 2015 and 2017 the government began using the precious metal as a collateral for loans with international banks.
Fortescue Metals first-half profit drops 32% as costs weigh
The miner posted an underlying net profit of $2.78 billion, compared with $4.08 billion a year earlier.
Chile starts debate of new Constitution amid jitters over mining, Congress plans
Embryonic plans to nationalize mining, the creation of a one-chamber Congress, water rights, and protections for indigenous territories are some of the more edgy motions the assembly will discuss.
Chart: Bulk commodities most affected by Russia-Ukraine conflict
Woodmac flags growing commodity supply chain inefficiencies as Russia-Ukraine geopolitical tensions simmer.
