Equinox has seven operating gold mines in the US, Mexico and Brazil and a multi-million ounce growth project in Ontario, Canada.    

The Brazilian mining giant has been slowly ramping back up after losing its mantle as the world’s biggest producer of the steelmaking raw material.

BYD intends to provide technology for Chilean mines to directly extract lithium, and will secure supplies through offtake agreements with producers.

According to J Capital analysts, the DLE technology the company is looking to use could be “dramatically” underperforming expectations.

With the addition of a second production well at the project, total indicated resources are 1.3 million tonnes of LCE at a grade of 284 mg/L.

Although Samarco, a joint venture between BHP and Vale, operated the dam, the class action involving around 200,000 people does not name Vale.

Activity has recently increased at Glencore’s El Pachon copper deposit.