Articles for tag: Antofagasta, billion, Centinela, expansion, secures

March 19, 2024

Ron Finklestien

mining

Antofagasta’s Bold Move: $2.5 Billion Pours in for Centinela’s Expansion

New Horizons Unveiled A testament to Antofagasta’s finesse in unlocking value within its portfolio, the Centinela Second Concentrator project is poised to redefine the copper production landscape. With Chief Executive Ivan Arriaga at the helm, the company articulates its unwavering commitment to sustainable and responsible practices. A Fresh Stream of Support Not content with mere inertia, Antofagasta has taken steps to secure a separate agreement for Centinela’s water needs. An international consortium stands ready to provide the vital resource for current and future operations. By taking over Centinela’s existing water supply system and expanding it to cater to the second

January 24, 2024

Ron Finklestien

mining

Ghana secures 5% stake in Atlantic Lithium

Ghana’s Significant Investment in Atlantic Lithium Ghana’s Strategic Move Recently, Ghana Investment Funds for Electronic, Electrical and Automotive Industries (MIIF) has taken a substantial 5% stake in Atlantic Lithium. Not stopping there, the move also grants MIIF a remarkable 6% in Ewoyaa, a mining project with auspicious prospects. Ewoyaa is anticipated to churn out an annual average of 3.6 million tonnes of spodumene concentrate or 350,000 tonnes, over its 12-year mine life. This propels it to a position among the world’s 10th-biggest projects according to Atlantic Lithium. Captaining this strategic ship, Edward Nana Yaw Koranteng, the CEO of MIIF, declared,

January 23, 2024

Ron Finklestien

mining

Codelco’s Strategic Move into Lithium Market Codelco’s Strategic Move into Lithium Market

The Maricunga project, located within the so-called lithium triangle in northern Chile, is estimated to contain about 1.9 million tonnes of lithium carbonate equivalent (LCE). The transaction, which now only needs the Federal Court of Australia’s backing, is expected to conclude on Feb. 23, Codelco said. Chairman Máximo Pacheco expressed enthusiasm about the purchase, stating, “With this purchase, Codelco moves forward with its mandate of becoming leaders in the production of critical minerals for the energy transition.” Chile gave the copper giant a key role in the new public-private model for the sector, announced in April last year, which calls