Mining

Chile's National Economic Prosecutor's Office (FNE) has ordered an investigation into the effects of Molycop's acquisition by India's Tega Industries and Apollo Global Management funds. The deal, announced in September 2025 and valued at about $1.5 billion, gives Tega a 77% stake and Apollo 23%. The regulator aims to rule out risks to free competition in the national market.

March 25, 2026 An Ruwaito ta hanyar AI

Chile's FNE and antitrust bodies from China, Brazil, and South Korea have approved the joint Andina-Los Bronces mining plan between Codelco and Anglo American. The deal, signed in February 2025, will enable 120,000 additional tonnes of fine copper per year from 2030 to 2051. Codelco board chairman Máximo Pacheco said it will unlock greater potential in the mining district.

A day after seismic activity halted underground production at Garpenbergsgruvan, the situation remains under control but resumption timeline is unclear. Staff continue above-ground work as inspections await safety clearance. Boliden schedules resident info meeting Wednesday.

March 17, 2026 An Ruwaito ta hanyar AI

A Cochilco study projects seawater will account for 68% of water use in Chile's large-scale copper mining by 2034, up from 41% in 2024. Total water demand will rise from 18.5 m³/s to 20.6 m³/s, as continental water use falls.

State-owned mining company LKAB failed to report serious workplace incidents to the Swedish Work Environment Authority, according to an investigation by Arbetet newspaper. The company now admits the error and is in contact with the authority. Employees report life-threatening near-death experiences in the mines.

March 11, 2026 An Ruwaito ta hanyar AI

Liontown Limited held its Q2 2026 earnings call on March 11, 2026, highlighting significant progress at its Kathleen Valley project. The company announced over $208 million in revenue for the half-year, more than double the previous period. CEO Antonino Ottaviano described the period as an inflection point for the business.