Peru unveils platform to speed up permitting
Officials from Peru’s Ministry of Energy and Mines met with representatives from the largest mining companies operating in the country to offer details on a new digital initiative expected to…
South America
MP Materials and Lynas explore merger amid rare earth market woes: report
MP Materials (NYSE: MP) and Lynas Rare Earths (ASX: LYC), two leading producers of rare earth elements, could be considering a merger, the Australian Financial Review reported Friday. The Sydney-based publication suggests that…
VIDEO: Ross Beaty on what’s next for junior miners as investors shun the space
Mining veteran Ross Beaty says he’s never seen a market like the current one, where gold and copper are at or near all-time highs, but “there’s absolutely no money for…
VRIC: Gold set to gain as shine comes off US dollar
Escalating U.S. debt and a global move away from the U.S. dollar as the world’s reserve currency presents opportunity for gold and a complex landscape for mining, a recent industry…
Barrick to spend US$136M on closure of failed Pascua-Lama project
Barrick Gold (TSX: ABX; NYSE: GOLD) plans to spend US$136 million to definitively close its failed Pascua-Lama gold-silver project, straddling the border with Argentina. Its subsidiary, Compañía Minera Nevada, has submitted…
Sigma Lithium project in Brazil just got 27% bigger
Canada’s Sigma Lithium (TSX-V: SGML; NASDAQ: SGML) said on Wednesday its flagship Grota do Cirilo project in the Brazilian state of Minas Gerais contains more resources that previously thought, which…
Lithium market transition comes with delays, layoffs and M&As — Wood Mac
The lithium market is being shaken-up by a sharp, sustained slump in prices and a demand slowdown, which has disrupted projects and forced miners to cut production and look for…
Lumina Gold kicks off feasibility study for Ecuador project
Lumina Gold (TSXV: LUM) has hired Ausenco Engineering to lead the feasibility study for its Cangrejos gold-copper project in Ecuador, which the company said is the world’s top 15 gold…
Hecla Mining to speed up growth by expanding into Latin America
Hecla Mining (NYSE: HL), the largest silver producer in the United States, is looking to expand into Mexico, Peru and two other countries in Latin America to speed up growth…
Albemarle lays off 300 employees amid lithium price slump
Albemarle (NYSE: ALB), the world’s largest lithium producer, is said to have laid off more than 300 employees, or 4% of its total workforce, across its U.S. and global operations….
Private equity firms are poised to invest billions in battery metals
Private equity firms say they will boost investments in battery metal projects this year as depressed company valuations, plunging commodity prices and slumbering stock market financing create opportunities. London-based Appian…
Codelco names mining veteran Braim Chiple as CCO
Chile’s state-owned copper giant Codelco has named Braim Chiple as its new chief commercial officer, the latest among top positions changes in the past year, as the miner grapples with…