Chile’s Supreme Court awards $1.4 million to 31 of the 33 miners trapped in 2010

The Supreme Court ruling states that the National Geology and Mining Service and the Labour Directorate failed to comply with its legal obligation of conducting proper precautionary inspections.

Valentina Ruiz Leotaud | July 30, 2023 | 12:53 pm

Saudi Arabia’s Ma’aden to acquire 10% of Brazil base metals firm

Ma'aden, has agreed to acquire a 10% stake in Vale Base Metals, as part of a strategy to invest in global mining assets.

Reuters | July 30, 2023 | 11:05 am

Crystallex gets priority in proceeds from Citgo owner share sale

The auction of shares in Citgo Petroleum’s parent company would help to pay $1.2 billion awarded to Crystallex as compensation for a gold mine seized more than a decade ago.

Bloomberg News | July 29, 2023 | 2:03 pm

Samarco files judicial reorganization plan alongside creditors

The intent is to carry out transactions contemplated in a previous agreement that established a discount on the value of the company's debt.

Reuters | July 29, 2023 | 12:50 pm

Southern Copper getting more optimistic on stalled Peru mine

The company has been trying for years to convince local communities of the merits of the Tia Maria project.

Bloomberg News | July 28, 2023 | 4:36 pm

Glencore in advanced talks for Argentina copper stake

Glencore is close to finalizing a deal to acquire Pan American Silver Corp.’s 56% stake in the Mara copper project.

Bloomberg News | July 28, 2023 | 4:02 pm

Codelco sees lower copper output, more stoppages in 2023

Chile's state miner posted a copper output of 633,000 metric tons over January to June, down 14% from a year earlier.

Reuters | July 28, 2023 | 11:43 am

Albemarle ends early contract deal with Chile supervisors union

Miners routinely seek to seal early contract negotiations to avoid the risk of strikes at their operations.

Reuters | July 28, 2023 | 8:58 am

Vale doesn’t rule out IPO or merger of base metals unit ahead

Vale announced deals to sell a 13% stake in the business for $3.4 billion to Saudi Arabia's Ma'aden and US firm Engine No. 1.

Reuters | July 28, 2023 | 8:17 am

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Avino gets community ok to develop La Preciosa

Lithium Chile awarded huge concession in Argentina’s Arizaro Salar

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Gold CEO firing deals fresh blow to mining’s battered reputation

Brazilian government, miners join forces to improve security in gold mining areas

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