In an unprecedented year marked by disruptions due to the global pandemic, copper mine production was contingent on how each company overcame operational challenges.
Investors worry a referendum on mining in Imbabura, the province in which its flagship Cascabel copper-gold project is located, could jeopardize the mine's future.
The threat of "weaponizing" rare earths by China means potential sellers of the minerals to the US stand to gain from a tightened international supply and higher prices.
Debt financing agreements worth $200 million could be finalized “any day” and are expected to catalyze equity financing to start the almost 30-month development of the 1.1 billion-tonne Colluli sulphate of potash project, the company said.
On the supply side, Fitch expects production misses from Australia to keep the market tight in the coming quarters as large diversified miners lose their appetite for mining coal.