Copper mining is Opec on crack, so why is the price falling?
Half the world’s copper mining is controlled by just three countries, and China alone refines 40% of the metal central to the green energy transition away from fossil fuels.
The move is part of an aggressive transformation of the Chilean state-miner, which is looking at adding fresh technologies to revitalizing some of its century-old mines.
The Chilean state miner has terminated its contract with SNC-Lavalin at its Chuquicamata mine, accusing the engineering firm of failing to comply with work commitments.
Chile would shortly begin accepting bids from local and foreign companies seeking to develop battery materials using discounted Chilean lithium provided by SQM.
The one-time special dividend, worth $470 million, will be given to Newmont's shareholders only if its friendly takeover of Canada’s Goldcorp is approved.
The world’s biggest iron ore producer said the injunction will impact production at its massive Brucutu mine, as it will now take longer than expected to bring it back on line.