Colombia always had the potential to become a major mining jurisdiction but the mining sector is now completely frozen. There is a high level of uncertainty due to the governments push to reform the mining code, create a state mining company, and new a environmental decree.
Codelco’s title as the world’s largest copper producer is now in jeopardy with production dropping to the lowest level in 25 years. Codelco has several structural projects underway that are meant to boost copper production for the next 50 years but it has been plagued by delays. Check out our overview to understand the current state of Codelco.
Over the last few weeks there have been several new positive developments for the Ecuadorian mining market. Specifically, EcuaCorriente, plans to invest US$650mn-US$700mn to increase output of its already operating Mirador copper mine which will greatly increase Ecuador’s copper exports.
At a time when the world needs to find more copper, there are only a few examples of junior exploration companies that have been able to make significant discoveries over the last 10 years in Chile. This is set to change with the recently released Preliminary Economic Assessment (PEA) for Hot Chile’s Costa Fuego Copper-Gold Project.
We provide a summary of BHP’s Operational Decarbonisation Investor Briefing which outlines the company’s plans to reach net-zero emissions throughout its global operations by 2050. The plan provides some unique insights into the technology and path it will take to decarbonize its operations.
Lithium Americas announced this week that they have started production at its Cauchari-Olaroz Project located in northwest Argentina’s Jujuy province. The USD$979m lithium project is expected to produce 40,000t of battery-grade lithium carbonate over an estimated operational life of 40 years.
Last month, the Chilean government announced their long-awaited National Lithium Strategy. We have provided a recent “snapshot” of the Chilean Lithium Industry so that everyone can understand where it currently stands and where it goes from here.
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