January 29, 2024

Third mine disaster in a decade tests ESG boundaries in Brazil

Again and again, Brazil is showing just how quickly money managers are willing to shrug off disasters.

January 29, 2024

Codelco pays heavy price for ramping up debt burden to fund over-budget projects

The miner sold two tranches of debt worth a total of $2 billion last week at 230 basis points and 235 points above US Treasuries.

January 29, 2024

Albemarle lays off 300 employees on weak lithium prices

The world's largest lithium producer's move comes as an oversupply of the metal used in EV batteries has caused prices to collapse.

January 28, 2024

High-voltage tower serving Poderosa gold mine in Peru destroyed by illegal miners

This is the 11th time in a year that illegal miners have attacked La Poderosa's energy infrastructure.

January 27, 2024

Guatemalan Ministry of Mines to review all mining licenses

The Guatemalan Ministry of Energy and Mines will review all mining licenses in response to multiple complaints regarding bribes and corruption.

January 26, 2024

Lula never discussed Vale’s CEO succession, says Brazil minister

Reuters recently reported that President Lula wanted Mantega to be appointed to a board seat at the mining giant.

January 26, 2024

Bolivia launches new international tender for lithium extraction

The tender seeks to develop projects in various salt flats in the country's Altiplano region.

January 26, 2024

Codelco names mining veteran Braim Chiple as CCO

Chiple, who has worked at BHP and Anglo American, is currently adviser and senior consultant for copper trading at Mitsubishi.

January 26, 2024

BHP to review $9.7 billion charge over Brazil dam failure

The fine is part of a broader claim seeking $31.5bn for reparation, compensation and moral damages tied to the Fundão dam failure in 2015.

January 25, 2024

Brazil judge orders Vale, BHP and Samarco to pay $9.7 billion in damages

The Samarco Fundão dam burst in November 2015 — it was Brazil’s worst environmental disaster.