Rio Tinto eyes stake in Chile's SQM, the world’s largest lithium miner

Having trouble viewing this email?  View online Latin America News Digest Friday 17 November 2017 Home     Gold     Silver     Africa     Asia     Australia     China     Europe     Latin America Rio Tinto joins race for stake in Chile's SQM, the world's largest lithium miner Mining giant is eying the 32% interest in SQM that PotashCorp is selling to fulfill China's regulators condition for the approval of the its friendly merger with smaller rival Agrium. read » BHP to exit shale within two years, sell nickel assets "We have a strong sense of urgency," chief executive Andrew Mackenzie told reporters following the company's annual general meeting in Melbourne. read » Colombian police dismantle highest illegal gold mine in the country The mine was located on a 2,800-metre high mountain. read » Workers to ramp up strike action at Canadian mine in Mexico Union leaders say that the arrival of 100 officers of the Mexican Armed Forces to the mine spurred the protesters' anger. read » Fresnillo jumps after HBSC upgrades rating to 'buy' HSBC referred to the company as a "sector leader at a discount". read » UN urges miners to better regulations needed to prevent disasters According to the UN Environment Program's latest report, most of the 40 significant mine waste accidents in the past decade have involved dams or other storage areas that failed. read » Former Xstrata CEO Mick Davis may become Rio Tinto new chairman The mining veteran could face competition from internal candidates, including former head of UK gas company Centrica, Sam Laidlaw, who now sits on Rio's board. read » McEwen to begin construction at Gold Bar project in Nevada Move follows the reception of key permit — the signed Record of Decision (ROD) on the Final Environmental Impact Statement (EIS) for the project. read » Operations resume at Buenaventura's silver mine in Peru Community protests had forced the firm to halt output at Uchucchacua last week. read » Copper miners to see profit grow further in 2018 — report Profit margins are expected to end significantly higher this year, and this trend to continue over the next two years, a study by S&P Global Market Intelligence shows. read » Bacanora Minerals secures land access to flagship lithium project in Mexico The de-risking milestone is for the company's Sonora project in Mexico, expected to produce 35,000 tonnes a year of lithium carbonate. read » BHP to step up copper exploration, expansions to meet electric vehicles sector's rising demand World's biggest miner is getting ready to provide enough copper for the 140 million electric cars forecast by 2035. read » Settlement in $48 billion lawsuit against BHP, Vale postponed again Samarco JV iron ore mine in Brazil remains closed two years after deadly dam burst. read » More than 10 firms in the running for Codelco's lithium assets — chairman The state miner is seeking private-sector partners to develop and exploit its vast Maricunga and Pedernales deposits in the north of Chile. read » Canada's 3rd largest mining IPO points to healthy investor appetite Zinc major Nexa Resources up more than 12% since Friday's IPO. read » Former Gemfields exc.-led firm grabs Coscuez emerald mine in Colombia Fura Gems aims to resume production at the mine within six months of the deal closure. read » Vale is stockpiling iron ore to make the most of higher prices Third quarter results for the Brazilian miner, the world's top iron ore producer, show a 19 million tonne gap between sales and output. read » Bacanora secures environmental permit for Sonora project in Mexico Permit lets Bacanora go-ahead with its 35,000tpa (tons per annum) lithium carbonate operation in Mexico. read » Southern Copper to resume Tia Maria project in Peru as permit imminent Peruvian government is expected to issue a long-awaited construction permit for the mine in the first quarter of 2018. read » Frugal billionaire seen as tough negotiator for copper funds Sebastian Pinera, front-runner in Sunday's election, was so frugal with funding during first term that Codelco that company's debt levels jumped 84 percent. read » What people think of globalization, by country More than in the past, the population is divided on whether globalization is a force for good or not. read » Polish copper producer KGHM cuts 2017 investment and output targets The state-run firm also said that this year's output of electrolytic copper from its own concentrates will be 35,000 tonnes than the planned 401,000 tonnes due to an accident at its smelter. read » Argentina wants to overtake Chile in South America lithium race Since President Mauricio took office in December 2015 and opened the country to foreign capital, Argentina has received more investment than any other country in the 'lithium triangle'. read » Copper traders are making high-flying bets about the future of the metal Call options wagering on copper climbing above $10,000 a metric ton by Dec 2018 have started trading during past two weeks, with $4.5m spent by traders. read » Here's what to expect in terms of Eldorado Gold exploration projects Canadian gold miner provides an update on exploration activities completed to date in 2017. read » Brazil regulator rejects Vale bid to change output target for railroad Production goals for Vale's Carajas project, the world's largest open-air iron ore mine, are directly tied to cargo shipments on its railroad there, which carries output to Brazil's Ponta da Madeira port. read » Argentina seeks new markets for aluminum as the US probes imports The US' Commerce Department announced in April that it was probing imports of aluminum from China and elsewhere, blaming unfairly traded imports for causing several domestic smelters to close or halt production in recent years. read » Read more Latin America news on MINING.com » Home     Gold     Silver     Africa     Asia     Australia     China     Europe     Latin America About Us   |  Privacy Policy  |  Unsubscribe   |  Contact Us   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