Rio Tinto to favour building new copper mines over M&A, exec says
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) will prioritize developing new copper mines over acquiring new ones to achieve its goal of producing 1 million tonnes of the metal…
South America
Codelco to benefit from entry into lithium business, says Moody’s
On Tuesday, Codelco CEO said that the company made progress in negotiating with local communities over lithium mining.
Video: Resource Capital Funds partner on how juniors can survive the capital crunch
Private equity brings countercyclical investment strategies that can be a lifeline for junior explorers and miners in a down market, Resource Capital Funds partner and head of credit David Halkyard…
Horizonte Minerals fails to secure cash for nickel mine, shares plunge
The company considers selling its Brazilian nickel mine amidst low prices and supply surplus from Indonesia.
Vale operations in Brazil now 100% renewable energy-powered
Vale (NYSE: VALE) announced Monday it had achieved its goal of running all of its Brazilian operations based on renewable energy sources, two years earlier than the scheduled target of…
SolGold reaches deal with Ecuador on Cascabel development, financing
SolGold (LSE: SOLG; TSX: SOLG) said on Friday it had reached an agreement with the Ecuadorian government covering “certain financial terms and conditions”, along with a 33-year renewable permit to…
Lithium Ionic expands Brazil resources by a quarter
Lithium Ionic (TSXV: LTH; US-OTC: LTHCF) says it has grown its combined resources at the Salinas and Bandeira projects in Minas Gerais state, Brazil by 26%. The Bandeira project holds 23.7 million…
CleanTech Lithium CEO steps down amid loan issue
Chile-focused explorer and developer CleanTech Lithium (LSE: CTL) accepted on Friday the resignation of its CEO, Aldo Boitano, who was suspended earlier this week for failing to disclose a share-backed…
CleanTech Lithium suspends CEO on shares-backed loan
Chile-focused explorer and developer CleanTech Lithium (LSE: CTL) has suspended its CEO, Aldo Boitano, pending an investigation into a loan he entered into with an unnamed lender. The company said…
Brazil Potash gets state licence for disputed Autazes mine
Federal prosecutors have stated that the license is not legally acceptable.
Vale walks away from exploration JV with Serabi Gold
Brazil-focused miner Serabi Gold (TSX: SBI; LSE: SRB) said on Monday that Vale (NYSE: VALE) has decided to withdraw from a copper exploration alliance formed in May 2023. The company,…
Rio Tinto promotes copper boss Bold Baatar to commercial chief
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has promoted copper executive Bold Baatar to the post of chief commercial officer, in a move deemed by analysts as a clear…