Codelco takes Ecuador to arbitration over stalled joint project

Lake Resources and Lilac Solutions claim they can produce lithium carbonate or lithium chloride more rapidly and at a lower cost than others.

In just five years, Anglo assembled marketing operations that now sell more metals than the company produces.

About $816 million will be invested in Peru, including $555 million in copper projects and $216 million in zinc.

The proposed tax, to be applied on the nominal value of extracted metals, would affect copper miners that produce more than 12,000 tonnes of the metal and those extracting 50,000 tonnes of lithium a year.

The copper mine Collahuasi in Chile is expected to produce 545,000 tonnes of copper this year, 4 percent more than in 2017.

South African miner Gold Fields Ltd aims to extend the life of its Cerro Corona gold mine in Peru through 2040 with an investment of at least $240 million.

Other companies interested in partnering with Teck include Freeport-McMoRan, China’s Aluminum Corp of China (Chinalco) and Canada’s base metals miner Lundin Mining.

Partners may lose their right to develop the Mt Holland lithium project after a recommendation by a unit of the West Australian government that regulates mining leases.

Chuquicamata, the company’s second largest copper operation by size, is expected to transition to underground block cave mining by mid-2019.