OTC-listed Chilean Cobalt inks Glencore offtake deal
Less than a month after landing a potential debt financing deal to redevelop its past-producing La Cobaltera project in northern Chile, Chilean Cobalt (US-OTC: COBA) has signed a letter of…
South America
Silvercorp deal for Adventus hits roadblock
Silvercorp Metals (TSX: SVM) says it’s reviewing plans to acquire Adventus Mining (TSXV: ADZN) after a local lawsuit challenged the target company’s environmental permit for its project in Ecuador. The…
Opinion: Want more investors? Act local
The mining industry must boost its support of local communities if it’s ever going to attract enough investors for the world to meet climate-change fighting goals, a new survey and…
BHP cuts employee incentives by 20% globally – report
BHP (LSE: BHP; NYSE: BHP; ASX: BHP), the world’s largest miner is reportedly reducing by 20% short-term incentives offered for the 2023-24 fiscal year to all employees, the Australian Financial…
Brazil’s Lula to ‘demand’ Vale pay for mining disasters
The Brazilian President is expected to meet with Vale executives next week.
Antofagasta updates on US$4.4B Centinela expansion
Chilean miner Antofagasta (LSE: ANTO) has started installing a second concentrator in a Centinela copper mine expansion aiming to increase the company’s total production of the wiring and plumbing metal…
Gold, copper equities to rise, metals flat: analysts
Stocks in certain gold and copper producers are expected to gain this year even as a surge in the metals’ prices subsides, BMO Capital Markets says. Investors may seek attractive…
Tracing global nickel production to its sources
Nickel is an essential component in electric vehicle (EV) batteries, solar panels and alloys for the aerospace industry. Nickel demand for EVs is projected to grow about 40 times by…
Get ready for more disputes about what’s ‘mine’ and theirs
Eleven years ago, The Northern Miner ran a story titled “How Mexico reclaimed its mantle as a top mining nation.” The piece recounted how the nation opened up investment and…
Dead Solaris deal has cash-strapped Canadian miners considering the door
Some of Canada’s leading mining law firms say their clients are considering leaving the country because the federal government’s clampdown on Chinese investment has closed off an important funding lifeline. …
Lithium price surge unlikely to return: Fitch
The lithium market has entered a “new normal” period of stability with sustained price surges a thing of the past, analysts at FitchSolutions BMI said in a webcast Thursday. Falling…
AngloGold boosts investment in Brazil as it mulls Corrego’s fate
South African gold miner AngloGold Ashanti (NYSE: AU; ASX: AGG; JSE: ANG) plans to spend 1.1 billion reais (US$198 million) in Brazil this year, mainly on exploration. The company, which invested…