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…
Articles by Cecilia Jamasmie
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…
Iamgold picks former New Gold boss Adams as new CEO
Iamgold (TSX: IMG; NYSE: IAG) has appointed Renaud Adams as its new president and chief executive officer, effective Apr. 3. Adams replaces board chair Maryse Belanger, who was acting as…
First Quantum losing US$8M a day on Cobre Panama halt
First Quantum Minerals (TSX: FM) says it’s experiencing losses of up to US$8 million a day due to the suspension of ore processing and port loading affecting its giant copper…
Tesla lobbying to secure lithium from Chile — report
Tesla executives met last month with Chilean authorities, including the ministers of foreign affairs and mining, as well as representatives for the country’s development agency Corfo, as the electric cars…
SQM earmarks US$3.4B in spending by 2025 as profits soar
Chile’s SQM (NYSE: SQM), the world’s second-largest lithium producer, said on Thursday it had earmarked US$3.4 billion of new capital spending by 2025 to boost its production capacity to 210,000 tonnes…
BHP seeks to tighten grip on South America’s copper sector
BHP (NYSE: BHP; LSE: BHP; ASX: BHP), the world’s largest miner, is mulling expanding its investments in Argentina’s copper sector, where it already has a presence through its 5% stake…
Armenia approves restart of Amulsar gold mine
The government of Armenia has inked a US$250-million deal with Lydian Armenia, the company who owns the licence to operate the vast Amulsar gold mine, effectively allowing the resumption of…