The Peru-based miner had invested $2.5 million in the BioLantanidos project during 2018 and early 2019 in exchange for a 6.2% stake with an option to increase ownership.

The Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development (IGF) works with over 75 governments to strengthen their legal and policy frameworks to promote good governance in mining. ... clean energy technology will drive significant demand growth for minerals such as lithium, cobalt, nickel, copper and rare …

According to a survey by Chile's Servicio Nacional de Geología y Minería (Sernageomin), mining activity has generated 757 tailing deposits with sizes ranging …

The bulk of large mining companies in Chile have tax stability agreements until 2023. On the same day as the committee passed the bill, the government unveiled a road map for the sector over the ...

The Penco module covers a 6 sq. km. area hosting an ionic clay deposit rich in heavy rare earths, with measured and indicated resources totalling 27.5 million tonnes grading 2,292 parts per ...

The copper price catapulted to a record high of $4.762 per pound ($10,476 a tonne) in 2021 as top consumer China staged an economic rebound and exchange inventories hit a 47-year low.

Gold and silver producer Hochschild Mining has acquired the BioLantanidos ionic clay rare earth deposit in Chile for $56.3m.. Hochschild has previously invested $2.5m in the deposit, which features a high concentration of a series of rare earth elements used in magnets for electric cars and wind turbines.

Altogether, the four companies were responsible for 42.7% of the mining investments in Peru in 2022. Increased investments The report highlights exploration activities and the increased investment into this sector, which received a total of $383 million between January and November 2022 - this is a 33.9% increase compared to 2022.

Peru's economy minister on Thursday said "conditions were being established" to develop lithium mining projects in the country, a week after Chile launched a plan to boost state control of ...

This resource was estimated using the results obtained from 201 auger drill holes (1,630 metres) and 1,418 samples. It complements the 27.5 million tonnes of measured and indicated resources and 1 ...

Mines are also feeling the effects. Anglo American's (LON: AAL) flagship Los Bronces mine in central Chile saw production fall 17% year-on-year in the first quarter of 2022, partly due to water ...

Chile's government launched a plan on Monday to promote investment into 2023 that includes an array of tax breaks for the world's largest copper producing nation at a time when its economy is ...

Chile's copper mine production is anticipated grow by 5% in 2024, supported by the ramp-up of Teck Resources' Quebrada Blanca mine. ... Rare Earth Metals; Themes. Artificial Intelligence. Cloud. …

Mineral resource company Wealth Minerals has shifted its focus to acquiring new lithium assets in Chile, bringing on-board Notable Chilean mining executive Marcelo A Awad, formerly of Chilean state-owned Codelco, to negotiate new acquisitions. Awad spoke with Heidi Vella to discuss Wealth Minerals' move into the nascent Chilean lithium …

Leading mining companies in Chile 2020, by net sales; Peru: top mining companies 2020, by sales revenue ... Premium Statistic Brazil: rare earth production 2015-2024; Companies ...

Mina Justa – held by Minsur joint venture – represents one of the world's newest copper mines, entering production in 2021 with a capital investment of approximately $1.6 billion.

The mining industry in Chile, the world's top copper producer and second-largest lithium producer, will need more than 34,000 new workers by 2032, according to a study released this week.

Belgium-based Solvay is planning to supply rare earth metals to Europe needed for manufacturing permanent magnets used in electric vehicles (EVs) and wind turbines, reported Reuters. ... Mining news and in-depth feature articles on the latest mining company deals and projects covering trends in mineral exploration with up to …

In 2023, India became the second biggest buyer of Peru's gold and it should invest in new gold mining projects in the South American country. Reuters | August 24, 2024 | 4:02 pm Scramble for ...

Australia-based Hot Chili has unveiled a maiden resource of 50.5 million tonnes (Mt), grading at 0.4% copper and 0.2g per tonne of gold at its Frontera project in Chile.

Lundin Mining Corp. workers in Chile accepted a new wage proposal in voting Saturday, spelling the end of an almost two-week strike that had disrupted production. About 90% of members of one of ...

Gold Fields, which has 15.5% of Torq, would spend the amount over six years to acquire three-quarters of the 32.5-sq.-km project in the Maricunga belt, the companies said on Thursday.

Rio Tinto also announced it had completed the purchase of Pan American Silver's (TSX, NYSE: PAAS) stake in Agua de la Falda (ADLF) property, which holds the historical Jeronimo project in the ...

The CDE lawsuit accuses Lundin and its subsidiary of environmental damage in connection with a 118-foot-wide (36-meter-wide) sinkhole in Tierra Amarilla village in northern Chile.

Helped by a sharp recovery in copper prices, the miner has been considering for months to grow its business beyond Chile, where it has majority stakes in four copper mines — Los Pelambres (60% ...

By 2026 and through 2044, Cerro Verde expects to deliver a targeted average mill production rate of 420,000 metric tons of ore per day by 2026 through 2044.

Results from six drill holes released on Mar. 20 included a 14-metre interval of massive sulphide grading 3.13% copper, 0.79 gram gold per tonne, 4.02% zinc and 27.9 grams silver per tonne (4.4% ...

Rare earth metals are being widely used in a variety of industries including green technology, consumer electronics and high-tech applications. ... Peru, Chile, Ecuador, Argentina and the US, where it mines copper, molybdenum, zinc, silver, gold and lead ores. ... Underground mining equipment is similarly expected to see a CAGR of …

(rare earth elements). Mining investments are long-term and often transformational in developing countries. The green energy mining boom affords new ... Chile, Peru, and Bolivia) faces water stress due to high amounts used to process lithium from salt flats. Table 4. Programming opportunities .

Beijing has invested over $180 million into Venezuelan nickel mining, and an additional $580 million into more general mining services. Similar deals are underway in Chile and Peru, which account ...