G Mining has kicked off hot processing at its Tocantinzinho gold complex in the Para state of Brazil as the overall project reaches 97% completion and it remains on target for a 2H24 start.
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Miners Vale and BHP, and their joint venture Samarco, have presented Brazilian authorities with a new offer to settle reparations for a tailings dam collapse in 2015, reported Reuters. The new proposal totals 140 billion reais (US$26.09 billion), including 37 billion reais already disbursed in reparation measures, Vale said in a securities filing. It is 13 billion reais higher than…
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SolGold has signed the exploitation for its flagship copper-gold Cascabel project in Ecuador. The milestone follows the successful contractual negotiations and approval of the term sheet by the government of Ecuador in last summer. The contract and existing legislation and regulations establish the legal and financial terms and conditions required for Cascabel’s development. “The signing of the exploitation contract for…
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Vale has signed a master services agreement (MSA) with Wabtec to boost the efficiency and operations of its Evolution Series (EVO) locomotive fleet at Estrada de Ferro Carajás (EFC) in northern Brazil. The 10-year deal, valued at R$1.8 billion/US$335.7 million, will optimize the maintenance services for Vale’s fleet increasing availability, reliability, and the potential for expanded freight transport on the…
Read MoreSouthern Copper’s long-stalled Tia Maria project in Peru is set to break ground by the end of the year or in the first half of 2025, a senior executive told Reuters. Raul Jacob, vice president of Finance at Southern Copper, said “social conditions” had improved after years of protest that have halted the $1.4 billion mine’s development. “We are fine-tuning…
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Chile’s state mining firm ENAMI said it aims to start construction on its first lithium project in the country by 2028, reported Reuters. The project is part of the government’s push to boost its role in production of the battery metal. ENAMI has launched a search for a private partner to offer financial backing or operational support for the project…
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G Mining Ventures provided an update on progress made at its flagship Tocantinzinho gold project currently under construction in the state of Pará, Brazil. The miner said the project remains on schedule and on budget for commercial production in the second half of 2024. Pre-production mining continues to progress above budget, having excavated 12.4 million tonnes of material from the…
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Vale and the Brazilian state of Para have moved closer to an agreement that could allow the miner to resume operations at its Onca Puma nickel mine, reported Reuters. Onca Puma, which has an estimated annual nominal capacity of 27,000 metric tons, had its operating license suspended earlier this year after Para’s environment department flagged irregularities in an annual environmental…
Read MoreHorizonte Minerals, owner of the Araguaia nickel project in Brazil, has entered administration after it confirmed in April it was unable to secure additional financial backing for the Para State project and is eyeing liquidation. In a 16 May announcement, company officials said its administration of the company and Araguaia was effective that day and that representatives from FRP Advisory…
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Chile’s economic development agency said it reached an agreement with U.S.-based Albemarle to establish an option to increase its production quota by 240,000 metric tons of lithium metal equivalent (LME), reported Reuters. The increase would raise Albemarle’s production quota by close to 50%, from about 460,000 metric tons of LME currently. CORFO said that Albemarle would need to prove its…
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