June 21, 2022

Copper price rises as looming strike in Chile adds to supply worries

Workers at Chile’s state-owned Codelco will start a nationwide strike on Wednesday to protest the government’s and the company’s decision to close a troubled smelter.

June 21, 2022

BHP, Vale reject Brazil steelmaker CSN’s interest, say miner Samarco is not for sale

Brazilian steelmaker CSN hired restructuring firm RK Partners to draft a proposal to buy control of Samarco.

June 20, 2022

Brazil steelmaker CSN drafting bid for miner Samarco

An agreement may not be easy, according to Reuters sources, due to Samarco's liabilities related to its 2015 disaster in the city of Mariana.

June 20, 2022

Alamos Gold kicks off production at new Mexican mine

La Yaqui Grande will extend gold production from the Mulatos mine by five years to 2027 and is expected to churn out 123,000 ounces per year.

June 19, 2022

Peruvian government to extend tax refund benefit to mining, oil exploration

The decision is based on the government’s desire to guarantee the growth of the mining sector, which is responsible for 63% of the country's exports.

June 19, 2022

Codelco unions ready strike after troubled Chile smelter shuttered

Unions had threatened to strike for the past week if the Codelco board did not invest to upgrade the Ventanas smelter.

June 17, 2022

Bolivia delays decision on lithium mining tie-ups to December

The government had previously planned to announce its final selection last month.

June 17, 2022

Peru expects lower economic growth on impact of mine protests

Peru's central bank lowered its 2022 growth projection to 3.1% from 3.4% previously.

June 17, 2022

Copper price extends decline despite possible Chile strike

The workers at Codelco have complained about a lack of investment at the firm's troubled Ventanas smelter.

June 17, 2022

Chile tax reform, mining royalty ‘priority number one,’ minister says

Chile is also in the process of overhauling its market-orientated Constitution which dates back to the military dictatorship of Augusto Pinochet.