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Copper: the approval of the new project should enable Peru to produce four million tonnes per year in the coming years
Peru's Minister of Energy and Mines, Rómulo Mucho, announced the approval of the technical report on the $600 million Cerro Verde copper mine expansion project. Cerro Verde, located in the southwestern region of Arequipa, is responsible for almost 19% of the copper...
Rare earths: Australia warns Chinese investors to divest Northern Minerals shares
Australian Treasurer Jim Chalmers has ordered several China-linked investors to divest shares in rare earth miner Northern Minerals on grounds of national interest. Northern Minerals is developing the Browns Range rare earths project in Western Australia at a time...
Copper: Freeport Indonesia increases production target pending new export permit
Mining company Freeport Indonesia has raised its production forecast for this year, pending an extension of the government's promised copper concentrate export permit. The copper concentrate production target for this year has been raised to 3.78 million tonnes, if...
Marcegaglia takes over Ascometal production site
Italian steel producer Marcegaglia Group announced that it has strengthened its position in the French market by taking over Ascometal's production site in Fos-sur-Mer, and the name of the plant has been changed to "Marcegaglia Fos-sur-Mer." Stating that it will spend...