Mining

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Brazil’s Mining Giant Vale Weighs IPO of Metals Unit After Sale of 10% Stake

Automakers are among Vale’s main clients as they try to secure access to strategically important metals amid a shift to electric vehicles

By Dinesh Nair and Thomas Biesheuvel

Panama, First Quantum Minerals Reach Royalties Agreement to Restart Copper Processing

The Panamanian government says the two sides have agreed the former will receive a minimum of $375 million in royalties per year from the Cobre Panamá mine

Argentina, Bolivia, Chile Step Up Efforts to Turn Lithium Into Batteries

The drive across the key producing regions of South America reflects a burgeoning global trend by resource-rich nations to chart a course away from merely supplying raw materials into higher-value activities to boost growth

Central America’s Largest Copper Mine Faces Uncertain Future as Problems Pile Up

Canadian mining company First Quantum Minerals’ project, in which it has invested around $10 billion over the last 10 years, is embroiled in a spat with Panama's government over royalties and faces allegations of environmental damage

Argentine Copper Investment Only a First Step In South America, Stellantis CEO Says

Antonio Filosa, the firm’s president for South America, tells Bloomberg Línea that its strategy is to guarantee the supply of the raw material for the production of electric vehicles

Stellantis Invests $150M in McEwen Copper’s Argentine Mine in Race for Battery Metals

The maker of Peugeot cars and Jeep sport utility vehicles has its eye on one of the world’s bigger underdeveloped copper deposits in Argentina’s San Juan province

Canada’s First Quantum Suspends Copper Ore Processing In Panama Over Royalties Spat

Panama is seeking more revenues from the extraction of the red metal, for which it currently only receives 2% of the company’s profits

Latin America’s First Lithium Battery Plant Procures Supplier, Targets April Opening

Argentina’s YPF-Tec plans to begin manufacturing battery cells in April, and has struck a deal with US-based company Livent, which will supply lithium carbonate

Argentina Poised to Be World’s Third-Largest Lithium Producer by 2030, JPMorgan Says

The US investment bank also forecasts that four African countries could position themselves as major producers of the mineral

Mining Companies Face Too Many Woes in Emerging Markets, Alamos CEO Says

“There are too many difficulties in emerging markets right now,” John McCluskey said

Yamana Gold’s $4.8 Billion Acquisition Wins Backing from Investors

The takeover will see Pan American acquire Yamana’s Latin American assets while Agnico Eagle Mines Ltd. gets the company’s Canadian operations

Latin American Commodities Seen as the Main Beneficiaries of China’s Reopening

Sector experts tell Bloomberg Línea that commodities and infrastructure will be the main sectors to benefit from China abandoning its zero-Covid policy and reopening to trade

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