Saudi Arabia signs mining deals with four nations

Construction of the Cascabel mine is seen starting in 2025, with operations kicking off in 2030.

The proposal follows the decision of state-owned miner Codelco to close its Ventanas smelter for environmental reasons.

As of 2020, it was producing around 40% of Russian copper.

The new figure compares with a previous estimate of 21 million metric tons.

Copper production will plunge to 682,431 tons, the Ministry of Finance & National Planning said in a report.

Chile’s millennial president, Gabriel Boric, promised to mine differently. He would turn the world’s largest copper producer and second largest lithium miner […]

According to the Energy Transitions Commission, it will require production of up to 6.5 billion tonnes of materials cumulatively between 2022 and 2050.

The SEC obliges companies to file reports on whether their products may include gold, tin, tantalum or tungsten from the DRC its nine neighboring countries.

The country's mining exports in the first six months of the year reached 177.2 million metric tons.