Mitsubishi invests $20M in Marimaca Copper for 5% stake
Marimaca Copper (TSX: MARI) has secured a $20-million investment from Mitsubishi Corp. that will give the Japanese firm a 5% stake in the junior. Proceeds of the investment, which comes…
South America
Albemarle becomes first lithium firm to complete responsible mining audit
Albemarle (NYSE: ALB), the world’s largest lithium miner, has become the first producer of the battery metal to complete and independent third-party audit under the rigorous standard set by the Initiative…
Mining deal-making declines, but Beaty and others see opportunities
As the value of mining industry mergers and acquisitions falls from last year’s high, some investors see divergent trends moderating conditions. They say share prices are reasonable or low for…
NYSE rises June 12-16 after US Fed pauses interest rate hikes
Stocks in New York gained during the June 12-16 trading week after the United States Federal Reserve held off raising interest rates for the first time in more than a…
Global Copper Snapshot: Eight companies keen to plug the copper supply gap
Copper is critical for a lower carbon future but as deposits are becoming harder to find and a supply deficit looms, miners are keen to find new sources of the…
Chile offers lithium policy details; to tender permits in first half of 2024
Almost two months after Chile first announced a national lithium strategy, the government has published a 33-page document providing details on the policy’s objectives, schedule and main expected milestones. Copper…
Los Andes Copper stock rises on Chilean court ruling
Los Andes Copper (TSXV: LA; US-OTC: LSANF) has been authorized to restart drilling at its flagship Vizcachitas project in Chile following a court ruling that lifted an injunction against the…
Filo private placement for Argentine copper-gold project balloons to $130M
At the beginning of June, Filo Mining (TSX: FIL; NASDAQ: FIL) announced a $100-million non-brokered private placement in support of exploration and development at its Filo del Sol copper-gold project…
Codelco CEO leaves as copper giant faces lithium role, output slump
Codelco’s copper production has fallen this year more than 11% to at a 25-year low, despite investing about $3.5 billion a year to revamp its aging mines.
Hudbay Minerals, Copper Mountain shareholders approve merger
Hudbay Minerals (TSX: HBM; NYSE: HBM) and Copper Mountain Mining (TSX: CMMC) shareholders have approved the resolutions required to complete their planned merger. The deal hands Hudbay the Copper Mountain…
Lithium Americas produces first carbonate at Argentina’s Caucharí-Olaroz
Lithium Americas (TSX: LAC; NYSE: LAC) has produced its first lithium carbonate at the Caucharí-Olaroz project in Argentina’s Jujuy province. While the material is not battery-quality, the miner noted that…
Appian sells nickel-copper mines in Brazil to ACG for US$1 billion
Private equity firm Appian Capital Advisory is selling its wholly owned Atlantic Nickel and Mineração Vale Verde operations in Brazil to ACG Acquisition Co. (LSE: ACG) for US$1 billion cash….