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Chile's antitrust court rejects appeals against Tianqi deal

By: Reuters     31st October 2018 Chile's antitrust court on Tuesday rejected appeals filed against its authorization of Tianqi Lithium's $4.1-billion purchase of a stake in lithium producer SQM, Tianqi said on Tuesday. The decision marks the latest legal victory for Tianqi, a Chinese miner seeking to acquire 2%of Chile's SQM,... 

Epiroc affirms its automation expertise with unveiling of new Regional Application Centre

30th October 2018 Epiroc proudly introduces its new Regional Application Centre (RAC), which aligns with the OEM’s ongoing focus on meeting customers’ growing pursuit to elevate uptime, boost productivity, improve safety and shrink operating costs through the implementation of technology. Based in five key cities... 

Yamana Gold sells Argentina mine, reports lower adjusted earnings

By: Creamer Media Reporter      26th October 2018 Canadian gold and silver miner Yamana Gold will sell its Gualcamayo mine, in San Juan, Argentina, to Colombia-based Latin American gold producer Mineros and has granted that company an option to acquire up to 51% of its La Pepa project in Chile. Yamana will receive $30-million in cash upon... 

Lithium giant clears hurdle in $4.1bn SQM stake buyout

By: Bloomberg     26th October 2018 China’s Tianqi Lithium cleared a major hurdle in its bid to buy a $4.1-billion stake in SQM, the world’s second-largest producer of the mineral used in electric-vehicle batteries. On Thursday, Chile’s constitutional court declared inadmissible a suit questioning whether an agreement between... 

Huge Portals Delivered To Nelson Mandela Bay

24th October 2018 A leading construction company has taken delivery of two Condra 60-ton portal cranes for its pre-cast yard in Port Elizabeth. The twin Class Three machines, each one weighing approximately 52 tons, are very large cranes with 30-metre spans and 9-metre lift heights.  They will be used for the... 

Anglo’s portfolio performs well in Q3  

By: Nadine James     23rd October 2018 Diversified miner Anglo American’s focus on driving efficiency and productivity across the business resulted in another strong quarter, with volumes for the third quarter 1% higher year-on-year, Anglo CE Mark Cutifani commented on Tuesday. “Production per employee has increased by 5% [so far this... 

Starbucks Evolves Structure in EMEA to Accelerate Long-Term Strategic Growth

22nd October 2018 Intention to fully license Starbucks operations with longstanding business partner, Alsea, in France, the Netherlands, Belgium and Luxembourg Company introducing a new support structure in the EMEA head office to better serve an increasingly-licensed regional strategy; Intends to close support... 

Breytenbach welcomes greater certainty for renewable energy projects 

By: Kim Cloete     19th October 2018 Participants in the renewable energy sector say they are encouraged by the dedicated infrastructure team that will be set up in the Presidency, as it will give investors more certainty and confidence to back projects. “We’ve seen what the last two years of delays in the signing of renewable... 

Freeport earns into project near Codelco's Chuquicamata

By: Mariaan Webb     18th October 2018 Base metals junior Solaris Copper, which was recently spun out of Equinox Gold, reported on Thursday that US miner Freeport McMoRan would earn up to 80% in its early stage Ricardo property, in Chile. Freeport would be required to incur gross expenditures of $130-million or $30-million plus the... 

Chilean gov't to seek international arbitration over Albemarle contract

By: Reuters     17th October 2018 The Chilean government said on Wednesday it would seek international arbitration over what it alleged was the failure of lithium miner Albemarle Corp to adhere to the terms of a contract drawn up in 2016. The State development agency Corfo said Albemarle had failed to reply to an agreement to... 

BHP iron-ore output up, FY copper guidance trimmed

By: Esmarie Iannucci     17th October 2018 Diversified giant BHP has reported increases in copper and iron-ore production during the three months to September, while petroleum and coal production fell. Iron-ore production for the three months to September was up by 10% on the previous corresponding period, to 61-million tonnes of ore,... 

Freeport CEO may be ready to sell, but does anyone want to buy?

By: Bloomberg     17th October 2018 Freeport-McMoRan’s annual LME Week party is usually an opportunity for CEO Richard Adkerson to hobnob with the traders and consumers who buy copper from his mining company. At this year’s event, he was surrounded by investment bankers. With its biggest stock overhang – a deal around its... 

Chile's State copper firm outlines lifeline plan for Salvador mine

By: Reuters     17th October 2018 Chile's State copper miner, Codelco, has submitted an environmental impact assessment of its plans to overhaul its aging Salvador deposit that would sharply increase its production and extend its life by 40 years. The Rajo Inca project would convert the existing mine, which has been in operation... 

Codelco faces smelter disruptions in struggle to meet standards

By: Bloomberg     15th October 2018 Codelco plans to suspend operations at two of its four smelters for several weeks as the world’s largest copper producer falls behind schedule in complying with tougher emission rules in Chile by mid-December. Smelters at the Chuquicamata and Salvador mines will be halted for 75 days and 45... 

Chile environmental court orders Barrick to close Pascua-Lama gold mine

By: Reuters     15th October 2018 Chile's environmental court on Friday ordered Canada's Barrick Gold to definitively close the Chilean side of its stalled Pascua-Lama mining project, a final procedural step that draws a line under a long-running saga. The court, sitting in the northern Chilean city of Antofagasta, approved by... 

Chilean court freezes sale of stake in lithium giant SQM to Tianqi

By: Reuters     12th October 2018 SANTIAGO – A Chilean court on Thursday suspended the sale of a coveted stake in lithium producer SQM to China's Tianqi Lithium, saying it will consider a lawsuit filed by the Chilean company's controlling shareholders, who oppose the deal. The lawsuit, filed on Wednesday, alleges a previous... 

Golden Arrow branches out into Chile

By: Creamer Media Reporter      12th October 2018 TSX-V-listed Golden Arrow is expanding into Chile with the acquisition of the 3 450 ha advanced Atlantida copper/gold project. Atlantida combines mineral rights from two separate owners and includes an extensively drilled copper/gold deposit with an historic resource estimate. By consolidating... 

Chile studying possible lithium trade on LME

By: Reuters     11th October 2018 Chile has called for lithium to be traded on the London Metals Exchange to provide greater "clarity" about its value, Mining Minister Baldo Prokurica said on Wednesday. At present, lithium producers negotiate contracts with buyers but the terms of the deals are not made public. Critics say this... 

SQM controlling shareholder moves to block stake sale to China's Tianqi

By: Reuters     11th October 2018 The controlling shareholder in Chilean lithium producer SQM on Wednesday filed suit with Chile's Constitutional Court to block a deal allowing the sale of nearly one-fourth of the miner to China's Tianqi Lithium. The lawsuit alleges that Chile's antitrust court last week failed to follow due... 

Chile's Supreme Court signals death knell for Kinross gold mine

By: Reuters     11th October 2018 Chile's Supreme Court upheld an environmental order for a gold mine owned by Canada's Kinross Gold Corp to close its water pumping wells, the environmental regulator said on Wednesday, bringing the curtain down on a long-running dispute that sparked the Toronto-based miner's retreat from Chile.... 

Plea for govt to awaken to massive economic potential of mining  

By: Martin Creamer     10th October 2018 A plea for the government to awaken to the massive real potential of the South African mining sector was made on Wednesday by Eunomix CEO Claude Baissac, who decried the disincentivising of South African mining over the past 20 years as an inexplicable paradox and a massive mineral policy... 

Poland's KGHM focused on balance sheet, not dividends

By: Reuters     10th October 2018 Polish miner KGHM, one of the world's leading copper producers, is focusing on shoring up its balance sheet rather than any early return to dividends, its new CEO said. Marcin Chludzinski, who was named CEO in June, said he will deliver an updated strategy for the company by the end of the year. 

The battery boom created a new lithium superpower in China

By: Bloomberg     10th October 2018 With a ruined 13th Century castle, the Irish town of Carlow is an unlikely staging post in the super-charged rise of a key player in China’s push to dominate the global electric-vehicle revolution. Ganfeng Lithium Co. sent a team to the town -- a 90-minute drive southwest of Dublin -- in 2013,... 

Chilean lithium miner seen profiting from 'explosive' EV growth

By: Bloomberg     10th October 2018 Electric vehicles may be commonplace sooner than most people think, and that could signal a bonanza for Chilean lithium producer Soc. Quimica y Minera de Chile. Larrain Vial, Chile’s largest brokerage firm, sees global EV penetration at almost 21% by 2025, well above the market consensus of 8%... 

Codelco plans to raise $1bn in 2019

By: Reuters     10th October 2018 Chile's State-owned miner Codelco, the world's largest copper producer, plans to raise up to $1-billion next year to help finance the overhaul of its existing mines, chairperson Juan Benavides said on Tuesday. Benavides also said the company was looking at exploration projects in Brazil, Ecuador... 

Is the reign of Glencore’s billionaire copper king near its end?

By: Bloomberg     9th October 2018 Aristotelis Mistakidis is one of the world’s most powerful commodity traders. For nearly 20 years, the brash, hyperactive Greek known to everyone simply as “Telis” has ruled over the global copper market, buying and selling enough of the red metal to supply every factory in the US twice over.... 

MGX prepares for drilling programme at new Chile projects

By: Mariaan Webb     9th October 2018 Canadian firm MGX Minerals is set to hit the road running in Chile, announcing on Tuesday that it had made its option agreement to acquire an interest in three lithium projects definitive and that it would start a drilling programme this week. MGX, which in August announced an option to buy into... 

Albemarle shares drop after media report on Chile lithium quota

By: Reuters     9th October 2018 Shares of Albemarle Corp fell more than 2% on Monday after a newspaper reported that Chile's nuclear regulator has refused to increase the company's lithium production quota. The report, which has yet to be confirmed by officials, would be a blow to the world's largest lithium producer's aim to... 

Chile eyes new copper markets to shield economy from trade war

By: Reuters     9th October 2018 Chile aims to find new copper markets and expand its lithium industry as it seeks to shield its economy from a US.China trade war, the mining minister of the world's biggest copper producer said on Monday. Baldo Prokurica also told Reuters the South American nation was considering further... 

Orosur COO resigns to be closer to family

By: Mariaan Webb     5th October 2018 Jorge Aceituno has resigned as COO and executive director of Orosur Mining to accept a position closer to his family in Chile, the TSX- and Aim-listed junior announced on Friday. Orosur, which recently closed down its San Gregorio mine in Urugay, said that its renewed focus on the Anza project,... 

Hudbay Minerals responds to rumours of Chile deal

By: Mariaan Webb     5th October 2018 Canadian miner Hudbay Minerals has responded to speculation about the potential acquisition of Chilean miner Mantos Copper, stating that although it usually avoids comment on market rumours, the company’s strategy does include potential growth opportunities, such as acquisitions. Hudbay, which... 

Power transmission line, Chile

By: Sheila Barradas     5th October 2018 The line aims to strengthen the grid to support the numerous renewable-energy generating facilities (wind and solar) being developed in Santiago.  

Mining remains key driver in low to middle income countries – ICMM

4th October 2018 Despite falling commodity prices, many of the world’s poorest countries have become more dependent on their income from mining, new research published by the International Council on Mining and Metals (ICMM) has found. The ICMM on Thursday released the fourth edition of its Mining Contribution... 

International investment in South Africa’s mining industry lagging  

By: Marleny Arnoldi     4th October 2018 Although international mining funds are choosing to invest in other jurisdictions, rather than in South Africa’s mining sector, there is still hope for the local mining sector, Anglo American nonexecutive director and Joburg Indaba international investment panel chair Jim Rutherford said on... 

Chile weighs arbitration with top lithium producer Albemarle

By: Reuters     4th October 2018 The Chilean state agency that oversees lithium mining in the country´s Atacama salt flat will decide within a week whether to take top producer Albemarle Corp to arbitration in a contract dispute, an attorney for the agency said on Wednesday. Maria Elina Cruz, an attorney for Chile state... 

Peru's mining investment boom leaves political woes behind

By: Bloomberg     3rd October 2018 Peru’s ability to post eight consecutive months of investment growth is calming fears that political woes would derail mining activity in the world’s second-largest producer of copper, zinc and silver. Mining investment in Peru jumped 6.3% August compared with last year, to $395-million,... 

Albemarle eyes future as pure-play lithium market leader

By: Reuters     28th September 2018 Albemarle Corp, the world's largest lithium producer, aims to eventually end its dependence on two smaller units to fund growth as global appetite surges for electric-powered vehicles and consumer goods, its chief executive said in an interview. Tesla and other automakers have helped make... 

Foreign-backed miner hopes to begin Chilean lithium project in 2020

By: Reuters     28th September 2018 Foreign-backed Salar Blanco expects to begin construction on its lithium mining project at the beginning of 2020 in Chile's north, once its environmental permit is approved by the government. The approval process for the necessary environmental permit for the initiative, which includes an... 

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