13 September 2023
13 September 2023
Latin America holds half the world’s lithium. How will increasing government control, foreign exploitation and a proposed Argentina-Chile-Bolivia alliance affect production?
In its new mining reform, the US has called for imposing royalties on US hardrock minerals on domestic land to speed up the permitting and leasing of mines.
The deal comes amid diplomatic tensions between the US and its main competitor China.
Upon completion of the proposed transaction, Canadian Copper will have a 100% stake in the Murray Brook deposit.
Empresa Minera El Benton owns mining titles and rights to the El Benton Mine and the Monte Verde concessions in Bolivia.
The offer has been taken up by banks BNP Paribas, Citi, JP Morgan, Santander and Scotiabank.
Albemarle will use the proceeds to buy a fleet of mining equipment for the restart of its Kings Mountain lithium mine.
The acquisition will expand Riverside Resources’ Elly project in British Columbia.
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The AI theme is extremely prominent in mining, with companies desperate to find new methods to improve productivity and minimize costs, while also finding new sources of minerals. AI is already playing a big role; however, its influence will only grow in the years to come. AI enables mining companies to use autonomous machinery and data to improve efficiency and productivity and reduce downtime. AI can help companies better understand the environment and terrain where exploitation is to begin.
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