Zijin shares jumped as much as 8.8% in Hong Kong on Monday, and are up 17% this year.

Global copper mine production is set to expand by 7.8% y-o-y in 2021 as a result of multiple new projects coming online, says Fitch.

Samarco filed for bankruptcy protection in April after failing to restructure 50 billion reais ($9.06 billion) in debt.

Mirtha Vasquez, a former head of Congress, is the second person to become prime minister under president Pedro Castillo, who has been in the job just two months.

The world’s second-largest producer of iron ore continues to weigh up the pros and cons of forming a separate company with its copper and nickel mines in Canada, Brazil and Indonesia.

The Coroccohuayco project would require an investment of $590 million to extract copper and gold.

A state agency had suspended its operating license due to an alleged non-compliance with local regulations.

It said part of the problem was the value of the business, which brings in $3.5 billion in revenue a year.