Hochschild Mining earmarks US$200M to build gold mine in Brazil
Precious metal producer Hochschild Mining (LSE: HOC) will invest about $200 million to build the Posse gold mine in Brazil, a project added to its portfolio last year through the…
South America
Argentina expects US$4.2B investment in its lithium sector
Argentina expects to receive a US$4.2-billion combined investment in its growing lithium market in the next five years, which would help the country double production in 2023 to hit 175,000…
Two of McEwen Mining’s top execs step down
McEwen Mining (TSX: MUX; NYSE: MUX) surprised markets on Friday by announcing that two of its top suite executives were leaving the company for personal reasons. Chief financial officer Anna…
Plunging metals prices expected to rebound in H2 – report
Enduring Covid-19-linked lockdowns in the world’s largest metal consumer, China, are negatively impacting demand from end-use industries and sentiment towards the complex, resulting in lower metals prices, a new report…
Gold Fields flags potential inflationary cost overrun at Salares Norte
Gold Fields Limited (NYSE: GFI; JSE: GFI) says higher-than-expected inflation levels have started eroding the contingency built into the US$860 million capital expenditure (capex) budget for its 100%-owned Salares Norte…
Deconstructing Ross Beaty: Exclusive interview at the Mining Legends Speaker Series
The Mining Legends Speaker Series kicked off with an inaugural in-person event in Vancouver featuring mining entrepreneur and Canadian Mining Hall of Fame inductee Ross Beaty and rising talent Maggie…
Australian court okays MMG’s Tasmania tailings dam study to proceed
In what has been labelled a ‘pro-mining judgment against the environment’ by a non-governmental organization, Chinese-owned base metals producer MMG Inc. has won the right to continue preliminary works for…
Sandstorm Gold buys two royalty firms for US$1.1B
Canada’s Sandstorm Gold (TSX: SAND; NYSE: SAND) is growing in scale and size with the acquisitions of one royalty company and an extensive package from another for a combined total…
South32 boosts Brazil green aluminum supply with bauxite mine buy
Australia’s South32 (LSE: S32; ASX: S32) is on track to double its green aluminum production in Brazil by early 2023 with the acquisition of an 18.2% stake in the Mineração…
Antofagasta opens remote operations centre at Centinela mine
Chilean miner Antofagasta (LSE: ANTO) has opened a $66-million integrated remote operations centre (IROC) for its Centinela copper mine in the country’s north. The centre is expected to improve safety,…
Teck strikes deal to earn into Chile copper project
Australia’s Golden Rim Resources (ASX: GMR) has executed an option and joint venture agreement with Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK), Canada’s largest diversified miner, to develop the Loreto copper…
Rosatom, Nornickel to develop lithium project in Russia
Russia’s state-owned nuclear power supplier Rosatom and Nornickel, the world’s largest producer of refined nickel, are fine-tuning details of a plan to develop a lithium deposit in the country’s northwest,…