Latest news with #MiningMinistry
Yahoo
24-04-2025
- Business
- Yahoo
Chile advances lithium contract awards process for three salt flats
The Chile Government has announced that it is progressing with streamlining the process for awarding lithium contracts across three salt flats, reported Reuters, citing the Mining Ministry. The Mining Ministry confirmed the receipt of applications from various entities to explore and potentially develop the lithium projects. Eramet has applied for rights in the Agua Amarga salt flat. In the Ascotan salt flat, applications were submitted by Eramet, Quiborax and Codelco, Chile's state-owned copper company. The Caliche Kairos consortium submitted an application for the Coipasa salt flat. These developments follow President Gabriel Boric's 2023 initiative to increase state control over lithium resources and form public-private partnerships to bolster the industry. The proposed plan includes a state-controlled joint venture between Codelco and SQM, the nation's largest lithium miner, and aims to open up other salt flats for development. The ministry highlighted that once indigenous consultations and other prerequisites for the Special Lithium Operation Contracts (CEOL), the special lithium mining permit, are met, contracts will be signed with the applicants if they concur with the terms. In the event of disagreement, the ministry indicated that public bidding processes would commence, similar to those initiated for the Ollague salt flat in the Antofagasta region, and Piedra Parada and Laguna Verde in the Atacama region. To be eligible for the expedited contract award process, interested parties were required to demonstrate ownership of the mining concession, sufficient financial capacity and relevant experience in mining or the associated value chain. Furthermore, the ministry noted that the dialogue for indigenous consultation to amend a CEOL at the Maricunga salt flat for Codelco has been completed. The statement said: "All that remains is the publication of the closing resolution, which will include the 11 agreements reached with the six communities that participated in the process." Earlier this month, Codelco secured a $666m (631.83bn pesos) loan from the Japan Bank for International Cooperation and a private financial institution. "Chile advances lithium contract awards process for three salt flats" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
31-03-2025
- Business
- Yahoo
Indigenous groups in Peru protest Glencore's Antapaccay mine
By Marco Aquino LIMA (Reuters) - Members of Indigenous communities blocked access to Glencore's Antapaccay copper mine in Peru's Cusco region to protest an expansion plan at the site, a local community leader said on Monday. Local residents on Sunday began blocking roads and calling for a meeting with government mining officials over fears of environmental damage from the expansion plan, community leader Flavio Huanque said in an interview. He said the protesters represented ten different communities. Glencore did not immediately respond to a request for comment. A source close to the company confirmed that protests had blocked access to mine vehicles. Images from a local online news program showed small groups of people at different points in the road, holding signs. Antapaccay is the seventh largest copper mine in Peru, the world's third-biggest producer of the red metal. Antapaccay has faced protests by local Indigenous groups over environmental concerns in past years as well. Peru's mining sector as a whole has also faced disruptive, at times violent, protests across many of its major mines. Peru's Mining Ministry said in a social media post on Friday that it had met with Glencore executives overseeing Antapaccay's expansion plans. According to the ministry, the company representatives said the expansion represented a $1.8 billion investment, and the miner would work on agreements with the Huano Huano, Huini Coroccohuayco and Pacopata communities. The ministry did not immediately respond to a request for comment on the protests.
Reuters
31-03-2025
- Business
- Reuters
Indigenous groups in Peru protest Glencore's Antapaccay mine
LIMA, March 31 (Reuters) - Members of Indigenous communities blocked access to Glencore's (GLEN.L), opens new tab Antapaccay copper mine in Peru's Cusco region to protest an expansion plan at the site, a local community leader said on Monday. Local residents on Sunday began blocking roads and calling for a meeting with government mining officials over fears of environmental damage from the expansion plan, community leader Flavio Huanque said in an interview. He said the protesters represented ten different communities. Glencore did not immediately respond to a request for comment. A source close to the company confirmed that protests had blocked access to mine vehicles. Images from a local online news program showed small groups of people at different points in the road, holding signs. Antapaccay is the seventh largest copper mine in Peru, the world's third-biggest producer of the red metal. Antapaccay has faced protests by local Indigenous groups over environmental concerns in past years as well. Peru's mining sector as a whole has also faced disruptive, at times violent, protests across many of its major mines. Peru's Mining Ministry said in a social media post on Friday that it had met with Glencore executives overseeing Antapaccay's expansion plans. According to the ministry, the company representatives said the expansion represented a $1.8 billion investment, and the miner would work on agreements with the Huano Huano, Huini Coroccohuayco and Pacopata communities. The ministry did not immediately respond to a request for comment on the protests.
