Troubled Peru copper mine starts expansion work in supply boost

Boric also stressed the need for greater economic distribution of mining industry profits to local communities.

Krivelj used to be a lively village surrounded by green hills, then mining began in the 1970s, and pollution has quadrupled since Zijin took over.

Last month, Redwood Materials flipped the switch on its first commercial-scale line producing a fine black powder essential to electric vehicle batteries.

Japanese trading houses Mitsui and Sumitomo have also been studying the assets, Bloomberg said.

The improved agreement, inked by the Warints and Yawi people, emphasizes constructive dialogue and collaboration with local groups.

Private company Hancock Prospecting will pay Titan Minerals as much as $120 million on drilling and exploration work.

The company has an arrangement with Eight Capital, on behalf of a syndicate of underwriters, who have collectively agreed to purchase approximately 21.1 million common shares.

On Tuesday, Codelco CEO said that the company made progress in negotiating with local communities over lithium mining.

Funds that specialize in metals have been more cautious than other speculators on the rally that sent copper prices to a 22-month peak this week.