Freeport McMoran plans $7.5bn investment to expand Chile copper mine The miner also said it expects to submit an environmental permit application to expand the El Abra mine by the end of 2025. Reuters | July 23, 2024 | 12:33 pm
Chile’s mining ministry accepts Cochilco head’s resignation Joaquin Morales will be replaced on an interim basis by the agency's current prosecutor Claudia Rodriguez. Reuters | July 23, 2024 | 10:20 am
Vietnam arrests former deputy environment minister over rare earth mining violations Four other senior officials in environment ministry also accused. Reuters | July 23, 2024 | 9:29 am
India slashes import tax on gold, silver to tackle smuggling Local gold prices hit their lowest level in more than three months after the announcement. Reuters | July 23, 2024 | 7:21 am
Nippon Steel to dissolve JV with China’s Baoshan after 20 years The joint venture was producing and selling cold-rolled steel sheets and hot-dip galvanized steel sheets for automotive use in China. Reuters | July 23, 2024 | 7:06 am
Freeport-McMoran beats second-quarter profit estimates The company benefited from higher copper prices. Reuters | July 23, 2024 | 7:01 am
Codelco obtains $532 million in climate financing The funds will be used to finance its decarbonization plan, under which it aims to decarbonize 100% of its energy matrix by 2030. Reuters | July 23, 2024 | 6:57 am
Lynas Q4 revenue falls on output slump, lower prices The world's largest producer of rare earths outside of China posted sales revenue of A$136.6 million for the quarter. Reuters | July 22, 2024 | 3:22 pm
Copper prices, output drive Grupo Mexico profit jump Copper production during the quarter totaled 270,747 metric tons, up 4.7% from a year earlier. Reuters | July 22, 2024 | 10:40 am
Indonesia launches nickel, tin online tracking system The system, known as SIMBARA, was first implemented in 2022 to track coal, with a plan to widen its use to other minerals. Reuters | July 22, 2024 | 9:19 am
Western miners push for higher metals prices to ward off Chinese rivals Industry leaders have pushed for two pricing structures for several years. Reuters | July 22, 2024 | 8:10 am
Anglo American to sell two assets to Taurus Funds for up to $195 million Anglo plans to divest less profitable assets and focus on expanding copper output. Reuters | July 22, 2024 | 7:01 am
