The 238 sq.km. Antino property is the most advanced gold exploration project in Suriname.

The company reported on Thursday a 38% rise in second-quarter net profit on higher copper sales.

Vale posted net income of $892 million, while analysts polled by Refinitiv had forecast a profit of $2.21 billion.

In its quarterly report, the company said that part of its Los Chancas project "continues to be occupied by illegal miners"In its quarterly report, the company said that part of its Los Chancas project "continues to be occupied by illegal miners".

Vale Base Metals is expected to invest $25-30 billion in new projects across Brazil, Canada and Indonesia over the next decade.

The company achieved operational net zero for its first shipment of battery grade lithium.

The miner recently inked a $10.6 billion merger with Livent.

The Biden administration has begun a push to diversify the US’ sources of important goods and materials and to reduce dependency on China.