South America’s top coal-producing country is proposing a mining bill to advance its “decarbonization goals” that would ban new exploration and production contracts for the commodity, reported Bloomberg. The proposed Colombian law, which hasn’t been sent to Congress yet, would allow the expropriation of mining assets in some circumstances. The assets would need to “contribute to the country’s reindustrialization, energy…
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Metso has been selected to deliver key concentrator equipment, including secondary cone crushers, for an undisclosed copper mining project in Chile. The value of the order is EUR 55 million (US$59.2 million), and it is booked in the Minerals segment’s first-quarter 2024 orders received. The delivery scope consists of high-capacity Nordberg MP1250 secondary cone crushers, MF Series vibrating screens and…
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Europe’s largest copper producer Aurubis will provide Chile’s state-owned Codelco with technology and know-how to achieve more environmentally responsible mining practices at its operations, reported Reuters. The news agency said two companies plan more than 15 joint projects. Aurubis will provide Codelco with technical expertise including methods and equipment to reduce air and water emissions, measure and analyse pollution, and…
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Nexa Resources said it has resumed operations to normal capacity at its Atacocha San Gerardo open pit mine in Peru after protests by the Joraonivoc community ceased. The miner’s estimated zinc production loss of 0.1 kilotons is expected to be recovered in the upcoming month. “Nexa remains committed to the social development of its host communities and will continue to…
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Brazilian federal prosecutors asked a judge to annul a contract between Canadian miner Belo Sun Mining and Brazil’s land rights agency to build a gold mine in the Amazon rainforest, reported Reuters. The news agency said prosecutors back the right of families living in settlements near where the Volta Grande mine would be built to be consulted on the project…
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Codelco’s board recently met at the Ministro Hales division to discuss its “DMH Future Development” project and its efforts to extend the life of the Chilean deposit by 28 years. The group, meeting for the first time in 2024, toured the Ministro Hales mine as well as its equipment maintenance garage and concentrator plant. General manager Gonzalo Lara also offered…
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Vale SA and BHP, along with the pair’s Samarco iron ore joint venture, must pay 47.6 billion reais, or US$9.67 billion, for damages sustained in the Samarco Fundao tailings dam burst in Mariana, Brazil more than eight years ago. According to reports from Bloomberg and Reuters, the legal decision regarding the November 2015 incident that killed 19 was made 25…
Read MoreSouth32 revealed in its quarterly production and earnings report this week that it will be placing its Cerro Matoso nickel operation in Colombia under a strategic review following a reduction in prices paired with a production shortfall. The complex’s payable nickel production in 2H23 was 18.3 million tonnes, down 10%, despite the miner’s outlook of 40.5Mt full-year while eyeing higher…
Read MoreCanadian-based Latin Metals has confirmed its acquisition of the 68,000-hectare Terraza copper project in the Juyay province of Argentina. Latin Metals’ is a first mover in exploring sediment-hosted copper deposits in this emerging belt and, with this acquisition, increases its ground holding to more than 500,000 hectares. “Latin Metals’ exploration efforts in northwest Argentina are focused on understanding and unlocking…
Read MoreCommercial production of mixed rare earth concentrate (MREC) has commenced from Phase 1 of the Pela Ema deposit at the Serra Verde complex in Minaçu, Goiás State, Brazil. Once ramped up to full production, Serra Verde is expected to produce at least 5,000 tonnes per year of rare earth oxide. MREC samples have already been accepted by major customers, and…
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