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Chilean lithium miner SQM begins laying off 5% of local workforce
Chilean lithium miner SQM begins laying off 5% of local workforce

Reuters

time25-06-2025

  • Business
  • Reuters

Chilean lithium miner SQM begins laying off 5% of local workforce

SANTIAGO, June 25 (Reuters) - Chilean lithium miner SQM ( opens new tab has begun laying off workers in its Chilean operations, according to a union memo to workers seen by Reuters on Wednesday. A union source said the dismissals would amount to 5% of its workforce nationwide. SQM employs 8,344 people in Chile and elsewhere, with three-quarters working at the northern Chile operations where it extracts lithium, a key battery metal. SQM declined to comment.

Soaring Gold Prices Draw Illicit Miners—and Armed Gangs—to Colombia's Jungles
Soaring Gold Prices Draw Illicit Miners—and Armed Gangs—to Colombia's Jungles

Yahoo

time08-06-2025

  • Business
  • Yahoo

Soaring Gold Prices Draw Illicit Miners—and Armed Gangs—to Colombia's Jungles

PUERTO CLAVER, Colombia—The lure of even a few specks of gold compels Elizabeth Mosquera awake before dawn to slog to a muddy pit, where she wades into waist-deep water and starts to pan. 'What you earn in a month in a regular job, you can make here in an hour or two,' said Mosquera, 47 years old. In Colombia, the prospecting economy is driving revenue to drug-trafficking organizations that are already awash in proceeds from the record supplies of cocaine they are exporting to the U.S. and Europe, law-enforcement officials said.

Peru Says Large-Scale Informal Copper Mining Exists And Could Grow
Peru Says Large-Scale Informal Copper Mining Exists And Could Grow

Bloomberg

time03-06-2025

  • Business
  • Bloomberg

Peru Says Large-Scale Informal Copper Mining Exists And Could Grow

Peru's government is acknowledging for the first time the existence of large-scale informal mining of copper, warning that high prices could see the activity grow in the near future. The government is on alert for large artisanal mining of copper, especially in an area where mineral rights belong to the Las Bambas mine run by China's MMG Ltd., Energy and Mines Minister Jorge Montero told foreign media in Lima on Tuesday.

Argentina approves $2.5 bln Rio Tinto lithium mining project
Argentina approves $2.5 bln Rio Tinto lithium mining project

Reuters

time20-05-2025

  • Business
  • Reuters

Argentina approves $2.5 bln Rio Tinto lithium mining project

BUENOS AIRES, May 20 (Reuters) - Argentina's government on Tuesday approved a $2.5 billion lithium mining project by Anglo-Australian giant Rio Tinto, marking the first mining project under a new investment incentive regime. The approval of Rio Tinto's Rincon project under the RIGI incentive scheme was announced by the country's mining and energy coordination secretary Daniel Gonzalez at a conference in the capital Buenos Aires.

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