BHP removes striking workers at huge Chile copper mine, output at risk
The union’s 2,400 members downed tools at Escondida Tuesday morning after rejecting BHP’s latest proposal as part of a collective bargaining.
Aclara Resources’ (TSX: ARA) Carina Module rare earths project in Brazil could become an important source of dysprosium, a key rare earth element needed for climate change fighting technology, chief financial officer Francois Motte says.
“This asset could produce around 14% of the dysprosium that today China produces,” Motte said last month during the Rule Symposium in Boca Raton, Florida. “It’s quite material in the world production that is controlled by China.”
Aclara released a new resource estimate for Carina Module last week. The company is working towards developing a vertically integrated, fully traceable mine-to-magnet supply chain with supply from the project and from its Penco Module rare earth project in Chile.
At Penco Module, one of South America’s most advanced rare earth projects, the company has filed an environmental impact assessment and expects to move forward with permitting and construction by the end of 2025.
The company is developing a separation facility in the U.S. to support its operations, targeting the electric vehicle and wind turbine markets, which are essential for the ongoing energy transition.
Watch the full interview below with The Northern Miner’s western editor, Henry Lazenby.
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