Turquoise Hill agrees to beefed up US$3.3B offer from Rio Tinto
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has reached an in-principle deal with Turquoise Hill (TSX: TQR) to buy the 49% of the Canadian miner it doesn’t already own…
Articles by Cecilia Jamasmie
Primitive vegetation played key role in composition of earth’s continental rocks
Primitive plants transformed what was once a Mars-like planet of barren rock into a world of life growing in organic-rich soils.
Ford asks US government to speed up mining permits
U.S. carmaker Ford Motor Co. (NYSE: F) is asking the Biden administration to speed up the permitting process for mining projects, particularly those targeting critical metals such as lithium, cobalt,…
Chile’s President says proposed mining tax, criticized as ‘extreme and dogmatic’, up for discussion
Chile’s President Gabriel Boric said late on Tuesday he is open to discuss changes in the country’s tax law that would affect the mining sector as lawmakers are scheduled to…
Nexa Resources halts Peruvian zinc mine due to blockade
Latin America-focused Nexa Resources (NYSE: NEXA) has halted its Atacocha San Gerardo open pit zinc mine in Peru due to a road blockade by a local community. The zinc producer, controlled by…
Honda to build its first EV battery plant in US with LG
Japan’s Honda Motor and South Korean battery maker LG Energy Solution plan to invest US$4.4 billion to build a new battery production plant for electric vehicles in the U.S. The…
Colombia abandons plan to tax gold exports
Colombian finance minister José Antonio Ocampo said the government has withdrawn a plan to introduce a 10% duty on gold exports included in the tax reform bill submitted by the…
Green economy might lead to sulphur shortages, says British study
A projected shortage of sulphuric acid could stifle green technology advancement and threaten global food security, according to a paper recently published in The Geographical Journal. Sulphuric acid is required…
Peruvian Institute of Economy reports ‘concerning’ decrease in mining private investments
A recent report by the Peruvian Institute of Economy states that the country’s mining sector has seen a ‘concerning’ decrease in private investments. According to the Institute, while the mining…
‘Overexploitation’ caused sinkhole near Lundin Mining copper project, Chile government says
Chilean authorities say they can “confirm” the massive 36.5-metre diameter sinkhole which emerged on July 30 near Lundin Mining (TSX: LUN)’s Alcaparrosa copper mine is tied to mining “overexploitation”. Lundin’s Chilean unit…
World’s largest uranium miner Kazatomprom ups 2024 production goals
Uranium producer Kazatomprom (LSE: KAP), the world’s largest, has increased its 2024 production target by about 10% on the back of growing demand for nuclear energy amid global energy concerns, in…
Lumina Gold grows its Cangrejos project in Ecuador
Lumina Gold (TSX-V: LUM) has concluded its drilling program at the Cangrejos gold-copper project in Ecuador, delivering what are likely the penultimate batch of results before the conclusion on a…