Portugal PM quits over lithium project corruption probe Antonio Costa has resigned amid an investigation into possible crimes of corruption in government involving lithium and hydrogen projects. Bloomberg News | November 7, 2023 | 10:50 am
Peru miners say copper output could climb without impact from protests Victor Gobitz, president of SNMP, said 2024 output could hit 2.7-2.8 million metric tons. Reuters | November 7, 2023 | 10:11 am
Nascent recovery in Chilean copper mining is spluttering October’s export revenue from copper fell 6.7% from September and 8.8% from a year ago. Bloomberg News | November 7, 2023 | 10:05 am
Codelco cuts 2024 copper premium to China, changes contract structure The miner has offered to sell copper at a premium of $89 a metric ton to major Chinese clients for its 2024 contracts, a drop of 36% from this year. Reuters | November 7, 2023 | 9:57 am
i-80 Gold has potential JV partner to advance base metals development at Ruby Hill The deposits at Ruby Hill collectively represent one of the largest development-stage projects in Nevada, according to the company. Staff Writer | November 7, 2023 | 9:29 am
Iron ore price retreats as China’s bourse plans to limit trading volumes Also weighing on sentiment was news of unseasonably cold weather and blizzards hitting northeast China. Staff Writer | November 7, 2023 | 9:04 am
What green energy transition? Half of mining still exploring for gold New study shows a $1.1 billion drop in gold exploration budgets this year as juniors struggle to raise capital, but the precious metal still accounts for 46% of the total. Frik Els | November 7, 2023 | 8:34 am
Peru mine spending at eight-year low signals copper tightening Mining investment in Peru is expected to reach $3 billion to $3.5 billion in 2024, the country’s industry group SNMPE said. Bloomberg News | November 7, 2023 | 8:33 am
Copper, cobalt supplies from Congo stranded by truckers’ strike Already 2,700 trucks carrying around 89,000 metric tons of copper are stuck in Kolwezi. Reuters | November 7, 2023 | 8:16 am
