Xi’s China a boon for mining

Raw material costs have more than doubled since Elon Musk said Tesla will produce 20 million vehicles per year before 2030.

The new forecast is significantly higher than the Refinitiv average of 2.6% but is lower than the 3.6% the ministry had last forecast in May.

Kingdom passed a new minerals investment law last year and provided 13 reconnaissance licences, 133 exploration licences and eight exploitation licences.

Aaron Puna will be temporarily replaced by the head of the firm’s Los Bronces mine, Patricio Hidalgo.

The Maria Reyna and Caballito properties consist of a large, contiguous block of mineral rights with potential to host mineral deposits close to the Constancia processing facilities.

Shares in South Africa-headquartered Gold Fields dropped 20% when the deal was unveiled.

Chile's environmental regulator issued a series of measures against the Ojos del Salado mine, alleging "over-extraction of material" could have caused the sinkhole.

Drlling targets a combination of large step-out holes focusing on the system edges and step-out and infill holes on the Aurora Zone.

Around 1 million tonnes of aluminum capacity has been taken offline in Europe.