Atacama Desert

Pan American Silver Reports Third Quarter 2023 Results

Retrieved on: 
Tuesday, November 7, 2023
Mining, Minerals, Natural Resources, Gold, Reproduction, Pan-American, Yamana, NYSE, MARA, Tax, US, Public expenditure, Silver, News, Acquisition, Pan American Silver, Maintenance, ILO, Morococha, AISC, El, Environment, Yamana Gold, PAAS, Rio Tinto (corporation), Investment, TSX, La Colorada, Bank, Palladium, Cryptocurrency, Atacama Desert, Skarn

Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) ("Pan American" or the "Company") reports unaudited results for the quarter ended September 30, 2023 ("Q3 2023").

Key Points: 
  • Pan American Silver Corp. (NYSE: PAAS) (TSX: PAAS) ("Pan American" or the "Company") reports unaudited results for the quarter ended September 30, 2023 ("Q3 2023").
  • Silver production was at the low end and gold production was slightly below management's guidance ranges for Q3 2023.
  • Silver Segment Cash Costs and All-in Sustaining Costs ("AISC") per silver ounce of $13.13 and $18.19, respectively.
  • A cash dividend of $0.10 per common share with respect to Q3 2023 was declared on November 7, 2023, payable on or about December 1, 2023, to holders of record of Pan American’s common shares as of the close of markets on November 20, 2023.

Pan American Announces Divestment of MARA, Morococha, Agua de la Falda and Non-Controlling Equity Interests

Retrieved on: 
Monday, July 31, 2023
Mining, Minerals, Natural Resources, Argentum, Area studies, Maintenance, Glencore, CMA, Rio Tinto (corporation), Defense, Newmont, Bank statement, Intellectual property, PAAS, NSR, CODELCO, Exploration, Sale, Morococha, Competition, Amistad, Gold, Documentation, Acquisition, Investment, Pan American Silver, Yamana Gold, Project, TSX, Copper, Pan-American, Aluminium, NYSE, Rio Tinto, Airline, Bank, Cryptocurrency, Agua Rica mine, Aluminum Corporation of China Limited, Atacama Desert

This improved balance sheet strength creates enhanced opportunities for the Company, providing increased capital to advance key strategic projects, including the La Colorada Skarn Project."

Key Points: 
  • This improved balance sheet strength creates enhanced opportunities for the Company, providing increased capital to advance key strategic projects, including the La Colorada Skarn Project."
  • Pan American acquired its 56.25% interest in MARA through its acquisition of Yamana Gold Inc. ("Yamana"), which closed on March 31, 2023.
  • Pan American expects the transaction to be completed in the third quarter of 2023.
  • During the second quarter of 2023, Pan American divested of a number of non-controlling equity investments for a total consideration of US$47.1 million.

Lundin Mining Publishes 2022 Sustainability Report

Retrieved on: 
Monday, July 10, 2023
Carbon accounting, Senior, VFL, Metal, Lundin Mining, Sustainability reporting, FRM, Silent Scope 2, Chapada, Zinkgruvan, Global Reporting Initiative, Woman, Eagle, GHG, Responsibility, Carbon, Certification, Future, SLO, Report, Trust, Copper, Mining, Policy, Ural Mining and Metallurgical Company, Safety, Management, Atacama Desert

"Our 2022 Sustainability Report highlights many examples of the meaningful work we are undertaking to ensure Lundin Mining continues to exceed the evolving demands of our business and stakeholder expectations while supplying the world with metals vital to a low carbon future," said Lundin Mining's Chief Executive Officer, Peter Rockandel.

Key Points: 
  • "Our 2022 Sustainability Report highlights many examples of the meaningful work we are undertaking to ensure Lundin Mining continues to exceed the evolving demands of our business and stakeholder expectations while supplying the world with metals vital to a low carbon future," said Lundin Mining's Chief Executive Officer, Peter Rockandel.
  • "Our operations continue to make great progress in the implementation of our Focused on the Future sustainability strategy.
  • The 2022 Sustainability Report has been prepared in accordance with the Global Reporting Initiative ("GRI") Standards plus the Mining & Metals Sector Supplement.
  • The Report is available on Lundin Mining's website ( lundinmining.com ).

Sandvik wins automation order from Chilean copper miner Pucobre

Retrieved on: 
Friday, June 30, 2023
Mining, Sandvik, Safety, Automation, Lithium, Atacama Desert

STOCKHOLM, June 30, 2023 /PRNewswire/ -- Sandvik has received an order from the Chilean copper miner Sociedad Punta del Cobre S.A (Pucobre) to supply autonomous loaders equipped with AutoMine® Multi-Lite system for its mining operations in northern Chile's Atacama region.

Key Points: 
  • STOCKHOLM, June 30, 2023 /PRNewswire/ -- Sandvik has received an order from the Chilean copper miner Sociedad Punta del Cobre S.A (Pucobre) to supply autonomous loaders equipped with AutoMine® Multi-Lite system for its mining operations in northern Chile's Atacama region.
  • The order is valued at approximately SEK 100 million and was booked in the second quarter 2023.
  • The order from Pucobre, one of the largest underground copper producers in Chile, includes Toro™ LH621i autonomous loaders.
  • "We are pleased to support Pucobre with its ambitious targets for mining automation, and look forward to deliver our leading automation solutions to help improve safety, productivity and reliability at its mine operations," says Mats Eriksson, President of Sandvik Mining and Rock Solutions.

Osisko Announces Royalty Transaction With Hot Chili on the Costa Fuego Copper-Gold Project in Chile

Retrieved on: 
Wednesday, June 28, 2023
Hot Chili, Costa, NSR, Pan-American Highway (South America), MRE, PFS, NYSE, Osisko Gold Royalties, PEA, Gold, Royalty payment, Seawater, National instrument, Mining, Water, Project, National Instrument 43-101, News, Mineral Resources Limited, Copper, Music, Molybdenum, Atacama Desert, Productora de Software

MONTREAL, June 28, 2023 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (“Osisko”) (OR: TSX & NYSE) is pleased to announce that it has entered into a binding agreement to acquire a 1.0% copper net smelter return (“NSR”) royalty and a 3.0% gold NSR royalty (the “Royalties”) from Hot Chili Limited (“Hot Chili”) covering Hot Chili’s Costa Fuego Copper-Gold Project (“Costa Fuego” or the “Project”) in Chile, for total cash consideration of US$15.0 million.

Key Points: 
  • MONTREAL, June 28, 2023 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (“Osisko”) (OR: TSX & NYSE) is pleased to announce that it has entered into a binding agreement to acquire a 1.0% copper net smelter return (“NSR”) royalty and a 3.0% gold NSR royalty (the “Royalties”) from Hot Chili Limited (“Hot Chili”) covering Hot Chili’s Costa Fuego Copper-Gold Project (“Costa Fuego” or the “Project”) in Chile, for total cash consideration of US$15.0 million.
  • Osisko has granted Hot Chili an option to buy down a portion of the royalty, which can only occur upon change of control and exercisable until the fourth anniversary of the transaction close.
  • Should Hot Chili’s ownership of these properties increase, the royalty will thereafter apply to the increased ownership level.
  • Productora is held in a joint venture, presently 80% owned by Hot Chili and Cortadera is 100% owned by Hot Chili.

BHP and Microsoft use AI to lift Escondida copper recovery

Retrieved on: 
Tuesday, May 30, 2023
BHP, Antofagasta Region, Microsoft, Escondida, CVP, Wind, Digital technology, Machine learning, Mining, Atacama Desert, Artificial intelligence, Copper, AI, Iron ore

MELBOURNE, Australia, May 30, 2023 (GLOBE NEWSWIRE) -- A new collaboration between BHP and Microsoft has used artificial intelligence and machine learning with the aim of improving copper recovery at the world’s largest copper mine.

Key Points: 
  • MELBOURNE, Australia, May 30, 2023 (GLOBE NEWSWIRE) -- A new collaboration between BHP and Microsoft has used artificial intelligence and machine learning with the aim of improving copper recovery at the world’s largest copper mine.
  • The use of new digital technology to optimise concentrator performance at BHP’s Escondida operation in Chile is expected to improve copper recovery.
  • “We are excited to partner with BHP on this transformative project that demonstrates the power of AI, machine learning and cloud technologies,” said John Montgomery, CVP, AI Platform at Microsoft.
  • BHP is a top three global producer of copper and has the largest copper endowment of any company globally2.

We found long-banned pollutants in the very deepest part of the ocean

Retrieved on: 
Monday, May 1, 2023
Tissue, Peru–Chile Trench, Travel, Biphenyl, Cell, Baltic Sea, Pacific Ocean, Plankton, Climate change, Animal, River, Water, PCB, Environment, Lake, Dredging, Limestone, Typesetting, Polychlorinated biphenyl, Atacama Desert

Our study took place in the Atacama Trench, which tracks the coast of South America for almost 6,000km.

Key Points: 
  • Our study took place in the Atacama Trench, which tracks the coast of South America for almost 6,000km.
  • When plankton die, their cells sink to the bottom, carrying with them pollutants such as PCBs.
  • A look into the past
    The storage of pollutants means ocean sediment can be used as a rear-view mirror on the past.
  • Pollutants have now been found buried below the bottom of one of the world’s deepest ocean trenches – and they’re not going anywhere.

The New Chilean National Lithium Policy

Retrieved on: 
Monday, April 24, 2023
Lithium, Social responsibility, Minister, Life Music: Stage Two, CORFO, United States Atomic Energy Commission, AEST, ASX, Maricunga Gold Mine, Stage One, Element, LPI, NLP, Government, Carbon, Committee, ILO, Outline, Mining, ESG, Trans-Pacific Partnership, International law, FTA, Legislation, Renewable energy, Cryptocurrency, Airline, Atacama Desert, Policy, Chilean

On the evening of 20 April 2023, Chilean President Gabriel Boric announced the long awaited National Lithium Policy (“NLP” or the “Policy”).

Key Points: 
  • On the evening of 20 April 2023, Chilean President Gabriel Boric announced the long awaited National Lithium Policy (“NLP” or the “Policy”).
  • Lithium Power International’s Director and MSB’s Chairman, Russell Barwick, commented:
    “We are pleased that the National Lithium Policy, as presented last week in Santiago, is very much along the lines of what was discussed and expected in our various discussions with Chilean authorities.
  • Rather than focus on what the legislation means for the future of the Chilean lithium industry, our focus is on what it means for our Maricunga lithium project and how it will transform the Chilean lithium industry through its development.
  • At LPI, we welcome President Boric’s National Lithium Strategy and its objective to positively transform the Chilean lithium industry.

Initial Response to the Chilean National Lithium Policy

Retrieved on: 
Friday, April 21, 2023
Lithium, State, SQM, Life, Face, Light, ASX, Research, Boric, Element, LPI, Government, Respect, ILO, State Company for Internet Services, Congress, Indigenous and Tribal Peoples Convention, 1989, Climate change, Reading, Growth, Enterprise, News, Pharmaceutical industry, Atacama Desert, Policy, Ojos de Maricunga

Lithium Power International Limited (ASX: LPI) (“LPI” or the “Company”) is pleased to provide an English translation of two media reports in Chile in response to the initial release of the Chilean National Lithium Policy and the potential effect on the company’s Maricunga lithium brine project.

Key Points: 
  • Lithium Power International Limited (ASX: LPI) (“LPI” or the “Company”) is pleased to provide an English translation of two media reports in Chile in response to the initial release of the Chilean National Lithium Policy and the potential effect on the company’s Maricunga lithium brine project.
  • This is particularly significant for the lithium industry, which has a fundamental role in the energy transition that enables the fight against climate change that the planet is facing.
  • Cristóbal García-Huidobro, CEO of Lithium Power International and general manager of Minera Salar Blanco, stressed that “this is good news for the country.
  • That is why the National Lithium Policy will be developed in two phases: before and after the State Company.

Kryptk Pacific Minerals Cracks Chilean Market

Retrieved on: 
Tuesday, February 7, 2023
Copper, Gold, EV, Carbon, Acquisition, KPM, IV, III, Mining, Atacama Desert, COVID-19

This equity capital will be used for drilling and testing of the new mines for rare earths, bolstering its Chilean workforce and the purchase of operational equipment to expand copper production capabilities at active mines.

Key Points: 
  • This equity capital will be used for drilling and testing of the new mines for rare earths, bolstering its Chilean workforce and the purchase of operational equipment to expand copper production capabilities at active mines.
  • Working with local engineers and geologists, he acquired distressed copper mining assets, primarily as a consequence of Covid.
  • Today, growing global demand is an opportunity to scale-up production, including the need to process mineral concentrates on site.
  • The mining operations of Kryptk Pacific Chile SpA are located in the III and IV regions of Chile (Atacama and Coquimbo), 420 km north of Santiago.