Mining News - Page 52

The French chemical and mining company, Group Eramet, reported its economic contribution in Argentina focusing on the growth of its Centenario lithium project, which is soon to enter production in the province of Salta and is operated through its local subsidiary Eramine Sudamérica.

McEwen Mining Inc. announced a new investment of up to $70 million in its subsidiary McEwen Copper Inc. This investment will be made through a private sale of up to 2,333,333 common shares of McEwen Copper at a price of $30.00 per share, and will be mainly focused on the growth of the Los Azules copper project, one of the five megaprojects located in the province of San Juan.

The leading lime company in Latin America has ignited its new kiln, capable of producing about 600 tons of calcium oxide per day, making it the largest in the region.

Canadian company American Salars Lithium has reached an agreement to acquire full ownership of the Pocitos 1 Project in Salta, located in the namesake salar, currently managed by Recharge Resources, the vendor.

In recent weeks, the Argentine community has been debating, through its legislators, the possibility of advancing a political measure launched by the National Government to attract large investments. In this context, the San Juan Productivity Board has expressed its views on the relevance of the "Ley Bases" and the Regime of Incentives for Large Investments (RIGI), voicing its support for this tool that promises a new beginning for mining while ensuring significant flows of international capital.

The Altar Copper-Gold Project, operated by Aldebaran Resources Inc. (TSX V.ALDE), continues to stand out with significant exploration results.

The construction equipment industry in India is on the upswing, driven by several factors such as rapid infrastructure development, mining and urbanisation. bauma CONEXPO INDIA will bring together all these demand and supply-side forces at the India Expo Mart, Greater Noida, Delhi NCR, from 11 to to 14th of December 2024.

In a day marked by intense deliberations in the Argentine Senate, the Bases Law has finally been approved, a legislative milestone that clears the path for the implementation of economic policies proposed by President Javier Milei.

Blue Sky Uranium announced an agreement with Corporación América, the group led by businessman Eduardo Eurnekian, to advance the Ivana uranium deposit to feasibility stages and then to commercial production. The venture is located in Río Negro and is one of Argentina’s most recognized projects related to the gray metal.

Salta hosted the 46th Ordinary Assembly of the Federal Mining Council (COFEMIN), an event that brought together representatives from all 23 provinces of the country and the National Secretary of Mining, Luis Lucero. The opening was led by Romina Sassarini, Secretary of Mining and Energy, who presided over the assembly.

Based on a recent report from the national mining department, the ratio between imports and exports of mining projects saw a significant increase in April 2024 compared to the same period the previous year.

In April 2024, mineral exports reached a value of $267 million, accumulating a total of $1.134 billion in the first four months of the year. This represents a year-on-year decrease of 9.9% for April and a 13.9% drop for the year-to-date. Additionally, according to estimates from the National Secretariat of Mining, the accumulated total for 2024 is 6.2% below the average recorded between 2010 and 2023 for the same months.

The tenth edition of the international exhibition "San Juan Mining Expo" organized by Panorama Minero since 2006, was the site of a historic meeting in the mining industry.

Next Tuesday, May 21, Wednesday, May 22, and Thursday, May 23, Argentine mining will gather at the San Juan Mining Expo 2024, the most important sector event of the year, where strong decisions about the future of the activity are expected. Six governors, the Secretary of Mining of the Nation, and the main mining and supply companies will be present at the event, with the participation of key actors from both the local and international levels. The exhibition comes at a crucial moment for the industry amidst discussions about the RIGI and the need to energize major projects.

According to the annual report from Canada's Fraser Institute, Salta has managed to position itself as the leading province nationwide in two fundamental aspects for the mining industry.

Eramet announced that it is ready to mark a milestone in the Argentine industrial landscape with the upcoming inauguration of its production plant in the province of Salta.

In a context marked by the discussion on the "Large Investments Incentive Scheme" (RIGI) and the Base Law, the Argentine Chamber of Mining Companies (CAEM) and the Argentine Chamber of Mining Suppliers (CAPMIN) have issued a series of statements highlighting the importance of this measure for the development of the mining sector and the national economy.

McEwen Copper, the company developing the Los Azules copper project, announced that it has reached the milestone of US$230 million in investment over the nearly three years it has been exploring the mega-project located in San Juan, Argentina.

Arcadium Lithium, the multinational lithium company, announced its financial results for the first quarter of 2024, highlighting solid profitability driven by average prices for lithium hydroxide and carbonate above US$20,000 per metric ton. The company anticipates cost synergies and savings between US$60 and 80 million for the year and continues to advance towards a capacity of 170,000 LCE by 2026.

AbraSilver Resource Corp, a Toronto-based mining company, announced the start of a 20,000-meter drilling campaign at its Diablillos project in the province of Salta. The diamond drilling program will focus on expanding and delineating high-grade silver and gold mineralization within the company's flagship project. AbraSilver's goal is to identify new mineralized zones and explore under-explored areas, thereby driving the project's growth.