Peru minister says $1.4bn Tia Maria mine a “no go”
Economy and finance minister Pedro Francke said Southern Copper should stop pushing a “socially and politically unfeasible" project.
Economy and finance minister Pedro Francke said Southern Copper should stop pushing a “socially and politically unfeasible" project.
Investment in gas in particular needs to be increased to fend off more volatility during the energy transition, he says.
Seven claimants are demanding around half a million euros in damages from the company.
Vale said no one is injured and expects everyone to be rescued by Monday night.
A labor shortage and reluctance to open new mines has left US coal companies struggling to keep up with surging global demand.
Locals have long complained about the lack of local benefits from the massive operation and periodically block roads in protest.
With increasing interest in electric vehicles from consumers, the market for lithium-ion EV batteries is now a $27 billion per year business.
At its peak, the Faro lead-zinc mine accounted for 35% of Yukon’s GDP.
The 44th annual Symposium attracted over 240 delegates ranging from biologists to engineers and geoscientists and representatives from Indigenous communities from throughout western Canada.
Australia’s iron ore companies are turning to Olympic-sized swimming pools, virtual golf arcades and fine dining.