Lundin Mining pays $950M for controlling stake in Chilean copper mine
Lundin Mining (TSX: LUN) is buying a majority stake in the Caserones copper-molybdenum mine in Chile for about US$950 million, adding to a flow of deals as miners seek to…
Articles by Cecilia Jamasmie
Mexico okays Pan American Silver-Yamana Gold deal
Mexico’s antitrust authority Cofece has approved Pan American Silver‘s (TSX: PAAS; NASDAQ: PAAS) acquisition of all issued and outstanding common shares of Yamana Gold (TSX: YRI; NYSE: AUY; LSE: AUY), which…
Panama launches public consultations on new contract with First Quantum Minerals
The Panamanian government launched a 30-day non-binding public consultation process related to the contract it signed with First Quantum Minerals (TSX: FM), the operator of the Cobre Panama mine. Following…
Scotgold Resources shares collapse on grades and funding woes
Shares in troubled miner Scotgold Resources (LSE: SQZ) fell more than 70% on Monday after it warned there was “significant” uncertainty over its ability to keep operations going at Scotland’s…
Strong market for emeralds, rubies, lifts Gemfields revenue to a record high
Shares in coloured gems miner Gemfields (LSE: GEM; JSE: GML) climbed more than 5% on Friday after it posted record revenue for 2022, exceeding the US$300-million mark for the first time….
Bolivia pushes for Latin America-wide lithium policy
Bolivia’s government is calling its lithium-producing neighbours to forge ahead with the idea of setting a Latin America-wide policy on the exploitation of the coveted battery metal. The idea, part…
Chile’s top steel producer bets on green hydrogen
Chile’s top steel producer CAP is developing a green hydrogen pilot plant to decarbonize steel production at its unit in the south-central Talcahuano city, located about 500 km from capital…
Sibanye-Stillwater to hand US$20M to New Century
Precious metals miner Sibanye-Stillwater (NYSE: SBSW; JSE: SSW) said Thursday that it will provide up to $A30 million (about US$20 million) to its takeover target Australia’s New Century Resources (ASX:…
Newmont said to be mulling sweetened bid for Newcrest
Newmont Mining (TSX: NGT; NYSE: NEM), the world’s largest gold producer, may be preparing a sweetened takeover offer for Newcrest Mining (TSX: NCM; ASX: NCM), which rejected the miner’s unsolicited…
Chile open to modify copper royalty bill on miners objections
Chile’s government said it is open to further amend a controversial mining royalty bill expected to enter into force on next year, following mounting criticism of its impact on the…
Peru exploration in 2023 focused on copper, gold and zinc
The Peruvian Ministry of Energy and Mines (Minem) announced that 2023 will see the development of 74 mining projects across 17 departments in the country for a total investment of…
Sibanye-Stillwater secures controlling stake in New Century Resources
Precious metals miner Sibanye-Stillwater (NYSE: SBSW; JSE: SSW) has increased its stake in Australia’s New Century Resources (ASX: NCZ), which it’s attempting to acquire, to nearly 71%. The move comes…