Draft decree allows miners in Peru to exceed daily installed capacity by 10%

If the two groups fail to come to an agreement, workers will go on strike beginning on Dec. 19.

The company has already applied for operating permits and is about to unveil a direct extraction provider for what is envisaged as a $500-$600 million mine.

The Carina module is estimated to contain 168 million tonnes of inferred material grading 1,510 ppm total rare earth oxide.

The company opened a new plant in Espirito Santo state, Brazil, with production capacity of 2 million metric tons per year.

This financing package funds the advancement of Warintza through studies and permitting, Solaris said.

Peru's copper output was hampered early this year by production pauses triggered by violent anti-government protests.

A forecast surplus of copper going into 2024 has suddenly all but disappeared.

A breach at a rock salt mine in Alagoas state, in Brazil’s northeast, has heightened concerns about an imminent total collapse.

Copper prices on the LME on Friday headed towards four-month highs.