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Cerro de Pasco acquires Volcan’s mining assets in Peru for $30 million
Cerro de Pasco Resources has executed a definitive share purchase deal with Volcan Compañia Minera SAA and its subsidiaries, whereby CDPR will acquire all of the issued shares of Oxidos de Pasco SAC, Empresa Administradora de Cerro SAC and Remediadora Ambiental SAC...
Bids for mothballed Quebec lithium plant due by January, trustee says
Bids to acquire Chinese battery firm CATL’s mothballed lithium plant in the Canadian province of Quebec are due by January next year, a representative with the court-appointed monitor overseeing the auction said on Wednesday. Lithium is expected to be in hot demand in...
First Quantum may team up with Rio Tinto to develop Peru copper mine.
Canadian miner First Quantum Minerals Ltd is looking for strategic partners to develop new copper projects and a joint venture with Rio Tinto in Peru could be on the cards, First Quantum’s chief executive officer said on Wednesday. “That is what we are going to...
Iron ore price: World steel production shrinking
World Steel Association data on Wednesday showed a 2.8% decline in global steel output in October to 151.5 million tonnes with production down across all regions. The 50-year old industry body estimates that crude steel production in China, which is responsible for...