Sierra Metals operates two copper mines: Yauricocha in Peru and Bolivar in Mexico.
The company has said it aims to achieve carbon neutrality by 2050.
Last week, Rio Tinto announced a $2.5 billion investment to develop its Rincon project, the company’s first commercial-scale brine lithium mine in Argentina’s lithium-rich triangle.
Canada is to slap more tariffs on a range of imports from China early next year “to combat unfair Chinese trade practices,” the federal government said Monday in its 2024 Fall Economic Statement.
Zijin Mining bought Neo Lithium and its Tres Quebradas project in Argentina for about $960 million in 2022.
The company currently owns a 2,000 tpd processing plant and an operating tailings dam with enough capacity for at least 2 years at maximum throughput.
The country is crushing its global competition in the transportation sector, too. Battery electric vehicles (BEVs) will make up about two-thirds of China’s passenger car sales by 2034 and that percentage grows to 89% if hybrid electric vehicles are included.
Rincon has an estimated mine life of 40 years. Construction of the expanded plant is scheduled to begin in mid-2025, subject to necessary permits. First production is expected by 2028, with a three-year ramp-up to full capacity.
Skaland mine is the world’s highest-grade, operating flake graphite mine and the fourth-largest graphite mine outside China.
Alpayana has expanded aggressively in Peru by acquiring distressed assets. Recent purchases include the Yauliyacu and Iscaycruz mines from Glencore (LSE: GLEN), and the Morococha mine from Pan American Silver (TSX: PAAS; NYSE: PAAS).
Bukele went on to say that mining just 4% of the country’s gold deposits would bring in US$131 billion, equivalent to 380% of its GDP.
According to Jaguar, a visual inspection on Dec. 7 had identified areas of concern at the tailings pile. Mine personnel and nearby community members were subsequently evacuated before the slump occurred, the company said.
The new president has indicated that the review process will be comprehensive, aiming to balance national development goals with environmental sustainability.
The Centre for Transformative Work at Curtin University also found persistent issues in Western Australia’s mining sector
As part of a MoU experiences will be shared and tests will be conducted in the state-owned mining company’s divisions to promote industry decarbonization and sustainable development.
The Board of Directors of Metso has appointed Sami Takaluoma as the new President and CEO of Metso. He will assume his duties on November 1, 2024.
Founders Metals' Antino gold project is located in southeastern Suriname near the border with French Guiana.
Fortuna Mining Corp. is a Canadian precious metals mining company with five operating mines in Argentina, Burkina Faso, Côte d’Ivoire, Mexico, and Peru, as well as the preliminary economic assessment stage Diamba Sud Gold Project located in Senegal.
State copper producer Codelco to collaborate with mines automation specialist ABB on digital solutions and electrification across Chilean mining operations
ABB’s contributions to Chile’s mining sector demonstrate the possibilities of aligning sustainability with economic growth. With a clear focus on electrification, digitalization, and renewable energy, ABB and its partners in Chile are setting the standard for sustainable mining.
Currently, China dominates the global market for rare earths, accounting for 70% of mine output and 89% of refining.
The metal used in stainless steel and batteries rose as much as 1.3% on the London Metal Exchange, building on last week’s 5.9% rally as China’s stimulus program jolted investors who’ve been bearish on nickel’s prospects.
The mining giant said the power transmission network is expected to be restored by Oct. 15
The Mexican Mining Chamber (Camimex) opposes the ban on open-pit mining, saying such a prohibition would cause a 1% contraction in the country’s GDP and threaten some 200,000 jobs.
In China, for instance, consumption outpaced the global average between 2020 and 2023, but the country’s demand for energy transition metals is expected to peak in 2030.
Rio Tinto is already a top producer of another coveted battery metal, copper, and has set as goal to produce 1 million tonnes of the metal annually within the next five years.
According to the contracting company, if it goes bankrupt, it would result in the loss of employment for 101 workers and affect another 57 contractor employees.
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