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Antamina mine: cost of extension has risen to $2 billion
Peru's largest copper mine, Antamina, will spend $2 billion to extend the life of the deposit to 2036, a sharp increase from the previously planned $1.6 billion. Antamina CEO Victor Gobitz said the new investment for Antamina, co-owned by Glencore PLC, BHP Group Ltd,...
Copper: Codelco loses environmental license for project in Ecuador
A provincial appeals court in Ecuador has stripped Codelco and local partner Enami of their environmental license for the Llurimagua copper project, according to a ruling published Wednesday. Plaintiffs from the nearby Intag Valley, who have opposed mining development...
Mexican president proposes stricter mining laws and shorter concessions
The Mexican government's proposed overhaul of mining laws, including shorter concessions and stricter permit rules, has drawn swift warnings from industry leaders who fear it could undermine the sector's growth prospects. President Andres Manuel Lopez Obrador proposed...
US tariffs on Russian aluminum are unlikely to impact the price of the metal
US tariffs on Russian aluminum are unlikely to impact the price of the metal. The possibility of the United States and its allies imposing economic sanctions against Russian aluminum in response to the ongoing geopolitical issue with Ukraine has been one of the major...