Chinalco bets $1.7B on Peru mine turnaround
Aluminum Corp. of China (Chinalco) is investing about $1.7 billion to overhaul its Toromocho mine in Peru, adding molybdenum output to drive a long-awaited turnaround. The upgrade at the site…
Articles by Cecilia Jamasmie
Hancock, Rio Tinto ordered to pay Hope Downs royalties to ex-partners
Australian billionaire Gina Rinehart’s Hancock Prospecting and partner Rio Tinto (LSE, NYSE, ASX: RIO) must pay millions of dollars in past and future royalties after a court sided with the…
Antofagasta backs 2026 goals despite copper output dip
Chilean miner Antofagasta (LSE: ANTO) reported lower first-quarter copper output on Wednesday but maintained its 2026 forecast, citing expected production gains through the year. The London-listed company produced 143,000 tonnes…
M&A: $2.4B Aus coal deal sees Yancoal buy Kestrel mine
Yancoal expands in Queensland with Kestrel buy, boosting scale and premium metallurgical coal output.
Fujimori leads Peru presidential vote as mining risks rise
Keiko Fujimori led Peru’s presidential vote but fell short of an outright win, setting up a run-off that could reshape the outlook for the country’s critical mining sector. Exit polls…
EU, US near critical minerals pact to counter China’s grip
The European Union and the U.S. are nearing a deal to coordinate critical minerals production and supply chains, aiming to reduce reliance on China. The proposed agreement, reported by Bloomberg…
Peru pulls permit for $1.8B Tia Maria copper mine
Peru has revoked Southern Copper’s (NYSE, LSE: SCCO) permit for its $1.8-billion Tía María project, forcing a fresh review of one of the country’s most contentious copper developments. The Ministry…
Barrick signals deal push amid strategic reset
Barrick Mining (TSX: ABX; NYSE: B) is pivoting back to acquisitions and retreating from higher-risk regions, reversing a decade-long strategy that emphasized expansion across Africa and Asia. Chairman John Thornton…
Argentina OKs Milei glacier mining reform amid protests
Argentina’s Congress approved on Thursday a bill pushed by the country’s right-wing President Javier Milei that opens sensitive high-altitude regions to mining, triggering warnings over water security and environmental risks….
AOMC, Odyssey merge to build $1B deep-sea miner
American Ocean Minerals is merging with Odyssey Marine Exploration (Nasdaq: OMEX) in a reverse takeover that will create a roughly $1 billion market cap deep-sea mining company. The all-stock transaction…
First Quantum taps IFC for Argentina copper push
First Quantum Minerals (TSX: FM) has partnered with the World Bank’s International Finance Corporation (IFC) to align its Taca Taca copper project in Argentina with global sustainability standards. The agreement…
Greenland to block ETM Kvanefjeld rare earth project
Energy Transition Minerals (ASX: ETM) said Tuesday that Greenland intends not to renew the exploration licence for its Kvanefjeld rare earths project. The draft decision deals a fresh blow to…