Protest blocks $530m worth of copper from Las Bambas

Receiving the necessary licences would allow the company to continue operating in the state of Minas Gerais, where the iron ore mine is located, for at least another 15 years.

Chile-focused miner also expects costs to rise on tailings dam expenditure.

Proceeds from the private placement and financing will be used for exploration and development of the junior miner’s projects in Colombia and Nicaragua.

Agreement includes Russia’s state nuclear agency Rosatom commitment to build a nuclear power station in the South American country.

Big mining companies, restored to health following the 2015-16 price crash, are seeking to rationalize their portfolios and acquire assets in line with heightened focus on the best quality minerals and anticipated demand for battery materials.

An estimated 40.5 million people were directly engaged in ASM last year, up from 30 million in 2014, 13 million in 1999 and only 6 million in 1993.

The parties have agreed not to release the transaction price.

Indian commodities billionaire said the rally in Anglo American Plc vindicated his personal bet in the mining group.

Tahoe Resources (TSX, NYSE:THO) is denying a media report issued on Thursday that its Shahuindo mine in Peru has contaminated local water supplies.