Mining
English
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
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