June 10, 2021

Samarco offers creditors shares or 85% haircut – sources

The collapse of a dam at the Samarco mine complex in 2015 killed 19 people and severely polluted the Doce River with mining waste.

June 10, 2021

‘People have awakened’: Peru’s Castillo closes in on election win

Socialist Pedro Castillo was closing in on victory in Peru's presidential election on Thursday, holding a slim lead of some 63,000 votes over conservative rival Keiko Fujimori.

June 10, 2021

CHART: Top miners leave money on the table amid copper price rally

Copper output from biggest producers disappoints with one glaring exception – Freeport McMoRan going underground at Grasberg.

June 10, 2021

Vale ordered to pay $26 million to families of Brumadinho victims

The disaster killed 270 people but the court action only benefits the families of 131 workers directly hired by Vale.

June 10, 2021

Albemarle to boost extraction in search for green growth

The US company is introducing a way of extracting more of the lithium that’s normally captured in salts, thereby lifting yields to 80-85% from 50-55%.

June 10, 2021

Copper riches are in cross-hairs of Chile presidential hopeful

Daniel Jadue, the current front-runner in polls for November’s elections in Chile, wants to align mining rules with Peru, Argentina and Bolivia so they don’t compete for investments.

June 10, 2021

Nature-related financial risk opens new can of worms for miners

Verisk Maplecroft believes that funds and international creditors have an opportunity to drive conservation improvements by tying finance to ESG milestones.

June 9, 2021

Vale’s decomissioned Brazil dam at risk of collapse, labor body says

Engineers and technicians told the auditors that the tailings at Xingu had not been properly drained.

June 9, 2021

Neo Lithium more than doubles 3Q project’s high-grade zone resources

The resource is "strategically important" because it requires smaller evaporation ponds to put the project into production, the company says.

June 9, 2021

Iron ore price jumps as Chinese inventory drops to the lowest since February

Shipments from Rio Tinto were seen declining, while Vale has interrupted production at two mines over safety concerns, reducing its output by 40,000 tonnes a day.