Glencore buys stakes in Norsk Hydro and Vale’s assets in Brazil
Glencore (LSE: GLEN) said on Thursday is buying a 30% stake in Brazil’s alumina refinery Alunorte from Norwegian aluminum producer Norsk Hydro and a 5% stake in Mineracao Rio do…
South America
Teck takes restructuring plan off the table ahead of vote
Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK), Canada’s largest diversified miner, has decided to withdraw its plan to split up the company into two — a base metals and a coal…
Canada can’t build great mining companies fast enough to meet demand
Mining runs on M&A — one of the only constants in a business that’s full of uncertainty. Still, it’s been painful to watch so many home-grown metals and mining companies…
Collective Mining shares rise on new high-grade find at Apollo in Colombia
Collective Mining (TSXV: CNL; US-OTC: CNLMF) says it’s found another high-grade zone at the Guayabales gold-silver-copper project in Colombia. The company’s shares rose more than 8%. The discovery in…
Anglo American’s copper output up 28% in first quarter
Anglo American (LSE: AAL) said on Tuesday that copper production jumped by 28% in the first three months of the year to 178,100 tonnes, thanks mainly to the ramp-up of its…
TNM Drill Down: Reunion Gold’s Oko West in Guyana tops week’s gold assays
Our TNM Drill Down features highlights of the top gold assays of the past week. Drill holes are ranked by gold grade x width, as identified by our sister company…
Horizonte says Araguaia nickel mine in Brazil is on track for early 2024 production
Horizonte Minerals (TSX: HZM; AIM: HZM) said on Monday it was on track to begin production at its Araguaia nickel mine in northern Brazil in the first quarter of 2024. The…
TSX Venture index falls nearly 4% during Apr. 17-21 trading week
The S&P/TSX Venture Composite Index fell 23.68 points or 3.7% over the Apr. 17-21 trading period to close at 614.2. Sigma Lithium fell the most by value, dropping $5.37 apiece…
Argentina says new projects will boost lithium production fivefold by 2025
Argentina, the world’s fourth largest global lithium supplier, says it’s on track to reach 200,000 tonnes annual production by 2025. That’s thanks to the development of six new projects in…
Chile to nationalize its lithium industry
The long-awaited policy sets ups a public-private model in which the state will partner with miners through a dedicated national lithium company.
Sumitomo Metals backs Teck’s split plan
Japan’s Sumitomo Metal Mining confirmed on Thursday its support for Teck Resources’ (TSX: TECK.A/TECK.B; NYSE: TECK) planned spinoff into two companies in the face of an alternative proposal from Glencore…
Chile drought hits Antofagasta’s copper output in Q1
Chilean miner Antofagasta (LSE: ANTO) said on Wednesday its copper output fell in the March quarter from the previous three months due to water shortages in the home country, which has…