Australian billionaire Gina Rinehart enters rare earths business in Brazil

Prefeasibility study on the project in southwest Ecuador substantially improves the economic metrics and positions it as a prime development candidate.

The company produced 66.77 million tonnes of iron ore during the first three months of 2023.

Monday’s approval by Chilean ministers of a $3 billion-plus overhaul at Los Bronces gives Anglo’s production output a major boost. 

The company would "desperately" like to work with the government to solve regulatory and tax issues.

Exports of the white metal reached a monthly best in March, with sales jumping 93% from March 2022.

The administration of President Gabriel Boric is optimistic over an agreement between Tuesday and Wednesday, Mining Minister Marcela Hernando said.

A Senate commission is expected to vote on the royalty on Tuesday and would pass to the full Senate if approved.

Conditional measures for the approval of Los Bronces include a joint study with Codelco's Andina mine on monitoring particulate matter emissions.

Lundin has been approached by both major miners and trading houses to discuss possible investments in the Josemaria project in Argentina.