Trafigura’s $600 million cobalt play faces cash crunch in Congo Trafigura’s metals unit is already under fire after announcing in February it was the victim of a massive alleged nickel fraud. Bloomberg News | August 2, 2023 | 7:42 am
Ecuador court halts referendums on mining, oil projects Popular referendums are a necessary step for any mining company hoping to obtain an environmental license in Ecuador. Cecilia Jamasmie | August 2, 2023 | 4:09 am
Chile fines Lundin mine $9 million for environmental infractions The Caserones copper mine has been fined the equivalent of $9 million for serious water-use violations. Reuters | August 1, 2023 | 3:29 pm
Codelco requests permit for $2.5 billion Ministro Hales mine extension The project aims to boost production capacity of copper concentrate from the current 700,000 metric tons a year to 830,000 tons. Reuters | August 1, 2023 | 2:51 pm
Barrick reiterates 2028 first production for Reko Diq project in Pakistan The project has been over a decade in the making and is said to boast world’s largest undeveloped copper-gold deposits. Staff Writer | August 1, 2023 | 12:02 pm
Mexico says trade deal does not apply in Grupo Mexico mine labor dispute A Mexican court ruled in favor of the workers' union in June, ordering Grupo Mexico to pay back wages and benefits. Reuters | August 1, 2023 | 11:29 am
China’s metals and mining investment overseas to hit record in 2023 – report 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. Staff Writer | August 1, 2023 | 9:36 am
Carajás in Brazil could be a top producer of copper in 10 years, CEO says “That’s the super secret. There’s a lot of copper up there,” said Ero Copper CEO David Strang. Bruno Venditti | July 31, 2023 | 10:21 am
Rio Tinto, Codelco join forces to find more copper in Chile They will explore for the coveted metal in concessions held by Agua de la Falda, in which Rio has a 55% interest. Cecilia Jamasmie | July 31, 2023 | 10:21 am