Net profit dropped from $5.1 billion to $1.1 billion in the first six months of the year.

The Caserones copper mine has been fined the equivalent of $9 million for serious water-use violations.

The project aims to boost production capacity of copper concentrate from the current 700,000 metric tons a year to 830,000 tons.

The project has been over a decade in the making and is said to boast world’s largest undeveloped copper-gold deposits.

A Mexican court ruled in favor of the workers' union in June, ordering Grupo Mexico to pay back wages and benefits.

Chinese investments and new contracts in the metals and mining sector topped $10 billion during the first half of 2023, a 131% growth year-on-year.

The facility in Magdeburg has the capacity to process 10,000 metric tons of battery parts annually.

“That’s the super secret. There’s a lot of copper up there,” said Ero Copper CEO David Strang.