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HBIS lines up investment in Peru iron ore mine
HBIS Resources Co Ltd, a unit of China’s second-biggest steelmaker HBIS Group, said on Monday it had signed an initial deal to develop the Pampa de Pongo iron ore mine in Peru alongside current licence-holder Zhongrong Xinda. The two Chinese companies plan to set up a...
Chile mining activity up as non-mining activity plunges
Chile’s economic activity fell 12.4% in June from the same month a year ago, the central bank said on Monday, contracting less than expected at the peak of the coronavirus outbreak. The bank’s IMACEC economic activity index encompasses about 90% of the economy tallied...
Rio injects extra $200 million in Jadar lithium project
Rio Tinto said on Thursday it approved nearly $200 million for its Jardar lithium project in Serbia that will be used to fund its feasibility study. The Anglo-Australian miner has already invested $450 million into the project and is hoping to complete the study and...
Vale eyes mine expansions – Samarco restart
Brazilian iron ore miner Vale SA is sending a proposal this month to the board for further expansion at its Northern System mining complex, and the company expects to restart operations at its Samarco complex in December, executives said on Thursday. Speaking to...