Hochschild Mining to acquire Amarillo Gold

Canadian-based, Brazil-focused producer Amarillo Gold has confirmed it has signed a plan of agreement to be acquired by Hochschild Mining in a share deal worth US$105.8 million. Under the terms of the transaction, Hochschild will acquire all outstanding shares of Amarillo for cash consideration of $0.31 and one share of a new fellow Brazil-focused exploration company, Lavras Gold. Lavras, which will…

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BHP awarded Copper Mark for Chilean, Oz mines

BHP has confirmed its Escondida and Spence operations in Chile, along with its Olympic Dam asset in Australia, have earned the Copper Mark distinction for their respective responsible copper production practices. The mines, which were awarded following an independent assurance process, were first entered for recognition on 31 October 2020 via letters of commitment from BHP. The Copper Mark was awarded…

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Schade stacker headed to Brazil

Aumund of São Paulo and Germany-headquartered Schade Lagertechnik recently teamed up for their newest purchase order: the delivery of a Schade stacker for an iron ore operation in the Minas Gerais state, Brazil. While neither identified the customer, the mine’s plant is to the southeast of Belo Horizonte and will be designed with an output capacity of 1,800 tonnes per…

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Eramet tackling construction again at Argentinian lithium property

The first quarter of next year will be a busy one for miner Eramet, which has confirmed it will restart construction at its Argentina lithium plant – work that has been halted for more than 18 months. As part of its fast-track into an energy metals transition and to strike on growth and demand momentum, the French company said the…

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Lithium Americas makes US$400M bid for Millennial Lithium

Lithium Americas has entered a bidding war for Argentina-focused Millennial Lithium with a US$400 million stock-and-cash offer. The bid comes a month after China’s Contemporary Amperex Technology Co Ltd. (CATL) agreed to purchase Millennial for C$377 million (US$303.8 million). “In proximity to Caucharí-Olaroz, Millennial’s 100%-owned Pastos Grandes lithium brine project represents an attractive regional growth opportunity for Lithium Americas,” said…

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Environmental regulator ‘archives’ AngloGold permit

AngloGold Ashanti has said that Colombia’s environmental regulator published a decision to “archive” the environmental permit application for its Quebradona project in the Middle Cáuca region. The South African miner has yet to receive a formal notification of the decision by Autoridad Nacional de Licencias Ambientales (ANLA) and said it would study the formal archive decision once received. Generally, a…

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