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South America

Rio, BYD among prospective Enami lithium partners in Chile
30th August 2024 By: Bloomberg

Rio Tinto Group and BYD were selected among prospective partners to develop lithium assets in Chile as part of efforts to tap more of the world’s biggest reserves of the battery metal despite... 


Mount Marion, in Australia
Lithium bust spurs Ganfeng to delay project capex as losses hit
30th August 2024 By: Bloomberg

Battery-material giant Ganfeng Lithium Group said it would delay spending on projects that do not generate “significant” near-term returns after posting a first-half loss, as the industry faces a... 


AECI sets foundation for growth in Peru with strategic land acquisition
29th August 2024 By: Creamer Media Reporter

As part of its strategy to further internationalise its Mining Service business, manufacturer of explosives and chemicals solutions for mineral processing AECI has acquired a development project in... 


Ecuador starts to shut down oil drilling on nature reserve
29th August 2024 By: Reuters

The Ecuadorean government on Wednesday began the process of shuttering oil wells in the 43-ITT block, located on a vast nature reserve, after voters last year backed a referendum to end drilling in... 


McEwen goes 100% renewable at Los Azules
McEwen goes 100% renewable at Los Azules
29th August 2024 By: Mariaan Webb

The Los Azules copper project, in Argentina, will be fully powered by renewable energy, dual-listed McEwen Mining announced on Wednesday. McEwen Copper, in which McEwen Mining has a 48%... 


More renewables on cards at South Deep gold mine, where 50 MW of solar is making major contribution.
More renewable energy on cards at South Deep – Gold Fields
28th August 2024 By: Martin Creamer

The provision of more renewable energy at the South Deep gold mine 50 km south-west of Johannesburg is under intense scrutiny by Gold Fields, which describes the mine’s two-year-old 50 MW solar... 


Peru grants CDPR approval for tailings exploration project
28th August 2024 By: Creamer Media Reporter

Peru-focused Cerro de Pasco Resources (CDPR) has received authorisation from the Energy and Mines Ministry to initiate exploration activities, marking the first approval for a new mining... 


American Lithium CEO resigns
28th August 2024 By: Creamer Media Reporter

TSX-V- and Nasdaq-listed American Lithium has announced the resignation of Simon Clarke as CEO and director with effect from September 1. He is stepping down to pursue other interests, the company... 


BHP CEO Mike Henry
BHP doubling down on organic growth with ‘Plan A’
28th August 2024 By: Mariaan Webb

The world’s biggest mining company, BHP, is sticking with its ‘Plan A’ of growing organically, CEO Mike Henry told investors this week. “We have been clear throughout that we are not driven by M&A... 


Gustavo Pimenta
Vale's CEO announcement to curb market speculation, says chair
28th August 2024 By: Reuters

Brazilian miner Vale's decision this week to announce a new chief executive sought to avoid further market speculation over other potential candidates, the company's chairman told Reuters on... 


First Quantum seeks damages for copper trapped at Panama mine
28th August 2024 By: Bloomberg

First Quantum Minerals is seeking compensation from Panama for a stockpile of semi-processed copper ore stranded at the company’s flagship mine as part of wider arbitration over the shuttered... 


Master Drilling CEO Danie Pretorius.
Mechanical cutting for mining set to move needle for Master Drilling
27th August 2024 By: Martin Creamer

In the six months to June 30, cash from the operating activities of Master Drilling soared 119.8% to $27.7-million. The revenue pipeline of this Johannesburg Stock Exchange-listed tech-savvy... 


With EVs being three times as copper-intensive as internal combustion engine vehicles, BHP expects the transport sector to account for over 20% of global copper demand by 2040.
BHP sees ‘fly-up’ in copper prices later, but short-term outlook cooler
27th August 2024 By: Mariaan Webb

Diversified mining company BHP has projected a strong outlook for the copper market, forecasting significant price increases due to expected supply deficits in the latter part of the decade. The... 


The Hombre Muerto West project, in Argentina
Galan moves on to Chinese backing as Glencore agreement stalls
27th August 2024 By: Mariaan Webb

Australia-listed Galan Lithium on Tuesday announced an offtake prepayment memorandum of understanding with China’s Chengdu Chemphys Chemical Industry. The company also confirmed that the... 


BYD executive VP Stella Li
BYD says fate of lithium project is in hands of Chile government
27th August 2024 By: Bloomberg

BYD said the timing of its lithium project in Chile remains up in the air as the Chinese electric vehicle juggernaut continues to negotiate with authorities in the South American nation. In April... 


Brazil’s former Mines Minister appointed adviser to St George
27th August 2024 By: Creamer Media Reporter

ASX-listed St George Mining has appointed former Brazilian Mines and Energy Minister Adolfo Sachsida as an adviser to its board. Executive chairperson John Prineas welcomed Sachsida to the St... 


A gloved hand holding lithium
Zijin to miss lithium output target and control pace of projects
27th August 2024 By: Bloomberg

Zijin Mining Group, China’s most valuable miner and an aspiring lithium giant, said it will miss its production guidance for the battery material this year as prices continue to languish. Zijin’s... 


The Jimblebar iron-ore mine in Western Australia
BHP’s profit rises 2% as concerns on China demand increase
27th August 2024 By: Bloomberg

BHP Group, the world’s biggest miner, reported full-year profit edged up 2%, in line with analyst forecasts, even as China’s property market continued to weigh on its economy and demand for... 


Copper supply risks ease as miners do deals in biggest supplier
Copper supply risks ease as miners do deals in biggest supplier
27th August 2024 By: Bloomberg

Chile’s copper-mining industry is emerging from an intense period of wage negotiations, signaling a diminished risk of further disruptions in a country that accounts for a quarter of supply. Over... 


BHP CEO Mike Henry
BHP positioned for strong copper growth with more expansion on the horizon
27th August 2024 By: Mariaan Webb

Copper is taking centre stage in diversified mining giant BHP’s growth strategy, with CEO Mike Henry on Tuesday outlining the group’s plans to double its copper production in Australia, while... 


Gustavo Pimenta
Brazilian iron-ore miner Vale names CFO Pimenta as next CEO
27th August 2024 By: Reuters

 Brazilian miner Vale on Monday said that current CFO Gustavo Pimenta will become its next CEO, wrapping up a noisy succession process that had seen board members depart amid accusations of... 


Harmony Gold's Mponeng mine, the world's deepest.
Operational performance elevates Harmony Gold to new heights
26th August 2024 By: Martin Creamer

South African gold mining major Harmony Gold has been elevated to new heights owing to sustained operational excellence, high recovered grades and record gold prices. In the 12 months to June 30,... 


BHP teamed up with Lundin Mining in the buyout of Filo, with the aim of developing two copper mines in the Andes mountains of Argentina, along the border of Chile.
BHP's return to Argentina marks new hope for untapped copper mines
26th August 2024 By: Reuters

A new incentive regime for mining in Argentina is attracting major players such as BHP, who are starting to eye the South American country as the world's next frontier for copper, more than half a... 


China’s Zijin Mining sees increasing threats to M&A ambitions
China’s Zijin Mining sees increasing threats to M&A ambitions
26th August 2024 By: Bloomberg

Major Chinese copper and gold producer Zijin Mining Group said a slowing global economy, geopolitical tensions, and resource nationalism could restrict its overseas deal-making ambitions. Net... 


Samarco expects to reach 60% of output capacity by year-end
26th August 2024 By: Reuters

Brazilian miner Samarco expects to reach 60% of its output capacity by the end of 2024, bringing forward a previous timeline, as it continues to resume activities after halting operations due to a... 


Striking union workers at Chile's Caserones copper mine accept contract deal, Lundin says
Striking union workers at Chile's Caserones copper mine accept contract deal, Lundin says
26th August 2024 By: Reuters

Canada's Lundin Mining said Saturday it had reached an agreement with union workers at the Caserones copper mine in Chile after a strike that lasted nearly two weeks. A majority of union workers... 


Gold Fields CEO Mike Fraser.
Gold Fields’ big South Deep mine is being uplifted for quality-ounce longevity
23rd August 2024 By: Martin Creamer

Johannesburg- and New York-listed Gold Fields said on Friday that it is taking steps to set up its big South Deep gold mine on Gauteng’s West Rand for the long-term production of quality gold... 


Iron-ore stockpiles
BMI revises 2024 iron-ore price forecast lower to $110/t
23rd August 2024 By: Darren Parker

Market analysis firm BMI, a Fitch Solutions company, has revised down its 2024 iron-ore price forecast from an average of $120/t to $110/t, as subdued demand in mainland China amid the ongoing... 


Societe Generale exits LME trading floor in blow for exchange
23rd August 2024 By: Bloomberg

Societe Generale SA is withdrawing from the London Metal Exchange’s open-outcry trading floor, in a move that will raise fresh questions about the viability of the iconic “Ring” as a key... 


Guyana Goldstrike cancels deal to acquire Jupiter copper project
23rd August 2024 By: Creamer Media Reporter

Vancouver-based Guyana Goldstrike will not be proceeding with the acquisition of the Jupiter copper project, in Antofagasta, Chile, and will no longer change its name. Guyana in July struck an... 


Codelco could face $8m fine for tailings dam violations
23rd August 2024 By: Reuters

Chile's environmental regulator on Thursday said it filed two charges against state copper giant Codelco over the management of its Talabre tailings dam at its Ministro Hales division in northern... 


Sadpo chairperson Gert van Niekerk.
South Africa’s small-end diamond producers are battling to survive, Sadpo reports
22nd August 2024 By: Martin Creamer

South Africa’s small-end diamond producers are battling to survive in a diamond situation in South Africa which is under severe pressure, South African Diamond Producers Organisation (Sadpo)... 


Lithium mining is slowly sinking Chile's Atacama salt flat, study shows
Lithium mining is slowly sinking Chile's Atacama salt flat, study shows
22nd August 2024 By: Reuters

Chile's Atacama salt flat is sinking at a rate of 1 to 2 cm (0.4 to 0.8 inches) per year due to lithium brine extraction, according to a study by the University of Chile. The study used satellite... 


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