Chilean regulators said on Thursday they had fined the sprawling Quebrada Blanca copper mine, controlled by Canadian miner Teck Resources, for violating the terms of its environmental permits.
Chile’s SMA environmental regulator said it had fined Queb…
Teck’s Quebrada Blanca copper mine in Chile fined for environmental violations Read More »
Chile’s SQM, the world’s No. 2 producer of lithium, saw its quarterly earnings plummet by nearly half amid a slump in prices for the ultralight battery metal, even as sales volumes grew.
Profits sank 47.5% to $70.2-million in the second quarter, from …
SQM profits plummet on falling lithium prices Read More »
Chilean miner Antofagasta on Thursday reported a slightly better-than-expected first-half profit, bolstered by higher copper sales, by-product revenue and lower cost of production but offset by lower copper prices.
Prices of the red metal, which is wi…
Antofagasta profit beats on better cost management amid weak copper Read More »
When the Chinese gold miners came to Masumbiri town in northern Sierra Leone, everyone lined up for jobs. Teenagers lied about their age. Women and girls went to cook and clean at the miners’ camp, a gated compound on a nearby mountainside overlooking …
No pot of gold for locals as China mines Sierra Leone Read More »
Mining companies operating in Mali will no longer be exempt from VAT during production and will have a shorter period of protection from fiscal changes, according to a new mining code announced by the Mines Ministry on Wednesday.
The new code seeks to…
Mali’s new mining code ends tax exemptions, other protections Read More »
A major auction of oil and gas leases in the US Gulf of Mexico on Wednesday received $159.4-million in high bids, government officials said.
Combined with a March auction that drew $244.3-million in high bids, the total was the highest annual bid leve…
US offshore oil auction draws $159.4m in bids for Gulf acreage Read More »
Chile’s Codelco, the world’s top copper producer, said on Wednesday it had shut down its Ventanas smelter along Chile’s central coast for maintenance.
The state miner said in a brief statement the facility had been closed since Monday.
Codelco shuts down its Ventanas copper smelter for maintenance Read More »
Gold miner Avocet Mining on Wednesday appointed Paul Williams and Geoffrey Bouchier from Duff & Phelps as joint administrators, as it started its insolvency process.
The appointments, effective August 21, come a few months after the struggling gol…
Elliott-funded Avocet Mining goes into administration Read More »
Russian miner Norilsk Nickel’s Global Palladium Fund plans to buy between 300 000 and 500 000 troy ounces of palladium by the end of 2019, the miner’s CFO said on Thursday.
The fund of the world’s largest palladium producer, known as Nornickel, buys t…
Nornickel’s palladium fund to buy up to 500 000 oz in 2019 – CFO Read More »
Chile will begin budgeting for the costs of fighting climate change, Finance Minister Felipe Larraín announced on Tuesday, as receding glaciers and drought put a squeeze on water and natural resources in the world’s top copper producer.
The South Amer…
Chile to account for costs of climate change in budget Read More »
