Lithium Chile gets environmental approvals for Turi exploration drilling

The heated legal battle between Anglo American and its Chilean adversary Codelco has finally come to an end as the parties announced Thursday that they've reached an agreement.

Shares of First Majestic in Toronto rose 4.7% to $18.69, after the announcement.

When the third lane opens the canal's capacity will more than double. The largest ships will carry as many as 13,200 containers -- at least double the dry weight of bulk cargo that can pass through today.

Canada’s Franco-Nevada has committed a whopping $1 billion to support the development costs of Inmet's massive Cobre Panama copper project in exchange for a future precious metals stream.

If everything goes as planned, at the end of this week Chile’s Codelco and Anglo American will sign a long-awaited agreement that would end one of the biggest business disputes in recent decades.

London's Sunday Times reports Anglo American is close to a deal to hand over a share in the Los Bronces copper project to Chile's Codelco at "a discount of several billion dollars" some time this week. If the report is correct it would provide further ammunition to those calling for Anglo CEO Cynthia Carroll's head.

"We are not going to see the spectacular growth rates of 10, 12 percent per year."

Mexico-focused First Majestic Silver's (TSX:FR) (NYSE:AG) joined the group of silver producers that have been hit hard by the falling prices of the precious metal, as the company’s reported a profit drop of 50% year-on-year in the second quarter.

The chairman of Chile's state-owned Codelco, Gerardo Jofre, said Tuesday that an eventual change of management in London-based Anglo American (LSE:AAL) shouldn’t affect the ongoing negotiations between the miners over the long-disputed assets in the south of the country.