Mining & Metals: The week in 10 stories

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Friday, August 31, 2018

MEXICO

BNamericas publised a new report in its Intelligence Series: AMLO, friend or foe for mining in Mexico?

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US President Donald Trump confirmed Monday that Mexico and the US reached an agreement in the Nafta 2.0 talks, but accoring to Mexico's economy minister US tariffs on Mexican steel and aluminum remain "unresolved."

Falling gold and silver prices are beginning to take their toll on Mexico's mining sector.

CHILE

Sierra Gorda SCM has received environmental approval for its US$2bn Sierra Gorda optimization project in northern Chile's Antofagasta region, and will maintain the current processing capacity of 55,000t/y copper cathodes during the mine's 21-year lifespan.

Antofagasta Minerals wants to begin production from its Los Pelambres copper mine expansion in January 2019, according to company CEO Iván Arriagada.

BRAZIL

US President Donald Trump signed a proclamation providing targeted relief for Brazil from quotas imposed on steel imports.

BNamericas spoke with Termomecanica's industrial operations director Pedro Torina and commercial and marketing manager Paulo Cezar Martins Pereira about plans for aluminum products and the company's ambitions for a larger presence in South America.

ARGENTINA

The second stage of the expansion of the Olaroz lithium project in Argentina is now fully funded with a combination of cash and debt financing.

Project Spotlight: Neo Lithium's 3Q is a high-grade lithium brine reservoir and salar complex located in the Catamarca province in Argentina, where the company completed a new resource estimate with measured and indicated resources of 4Mt LCE grading 614mg/l lithium.

PERU

Mining investment in Peru will grow around 19% in 2018 and 23% in 2019, the highest rates since 2011, according to the 2019-2022 multi-annual macroeconomic framework report.