Codelco CEO leaves as copper giant faces lithium role, output slump
Codelco’s copper production has fallen this year more than 11% to at a 25-year low, despite investing about $3.5 billion a year to revamp its aging mines.
South America
Hudbay Minerals, Copper Mountain shareholders approve merger
Hudbay Minerals (TSX: HBM; NYSE: HBM) and Copper Mountain Mining (TSX: CMMC) shareholders have approved the resolutions required to complete their planned merger. The deal hands Hudbay the Copper Mountain…
Lithium Americas produces first carbonate at Argentina’s Caucharí-Olaroz
Lithium Americas (TSX: LAC; NYSE: LAC) has produced its first lithium carbonate at the Caucharí-Olaroz project in Argentina’s Jujuy province. While the material is not battery-quality, the miner noted that…
Appian sells nickel-copper mines in Brazil to ACG for US$1 billion
Private equity firm Appian Capital Advisory is selling its wholly owned Atlantic Nickel and Mineração Vale Verde operations in Brazil to ACG Acquisition Co. (LSE: ACG) for US$1 billion cash….
Ero Copper expands into nickel at Caraíba in Brazil, plans to double copper output
Brazil-focused Ero Copper (TSX: ERO; NYSE: ERO) is reporting new drill results for nickel targets at Caraíba as it advances the Tucumã project to double the company’s copper output by…
Expert insight: Lithium funding starts in the aquifer, says Zelandez
Securing investment for lithium brine projects rests on convincing investors of both the resource size and quality, and its strong net present value (NPV). Access to accurate and trustworthy data…
Video: Why Omai Gold Mines’ namesake Guyana project continues to impress
Omai Gold Mines (TSXV: OMG; US-OTC: OMGGF) continues making steady progress at its namesake project in Guyana after completing more than six drill holes since the New Year. Drilling at…
Video: Dundee’s process innovations help miners get greener
The mining and smelting industry has faced environmental risks for decades, but now new mineral extraction and metallurgical technologies are helping to mitigate them. Dundee Sustainable Technologies has developed two…
TSX gains during May 29 to June 2 trading week
Stocks in Toronto posted modest advances last week after the United States Congress agreed on a debt ceiling deal, Canadian oil regained losses ahead of an OPEC meeting that was…
Global Mining Symposium: McEwen calls for Uber moment to kickstart mining industry
The mining industry needs radical change, like how Uber slew taxis, if it wants to get more youth involved in the metals for a greener planet, veteran project developer Rob…
G Mining Ventures de-risks Tocantinzinho with energy deal in Brazil
A power purchase deal with a Brazilian energy provider has fixed pricing for three years and cut all-in electricity costs estimated in a 2022 feasibility study for G Mining Ventures’…
Hochschild CEO Bustamante to leave after 13 years with miner
Hochschild Mining (LSE: HOCM) announced on Tuesday its chief executive, Ignacio Bustamante, will leave in late August after 13 years in various top positions in the company. Bustamante, 52, will…