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News
Plan México Tops US$3.5 Billion in Newly Authorized Investment
1+ day, 12+ hour ago (719+ words) The money cleared a fast-track approval channel that Claudia Sheinbaum created in May, and business leaders say more deals are close behind. Plan México, President Claudia Sheinbaum’s flagship industrial strategy, has now cleared more than US$3.5 billion in authorized investment....
The SADC Summit in Durban Puts Critical Minerals at the Centre
9+ hour, 36+ min ago (989+ words) SOUTHERN AFRICA · ECONOMY —Monday in Durban: The 46th Ordinary Summit of SADC Heads of State and Government convenes on 17 August at the Durban International Convention Centre. —South Africa takes the chair: President Cyril Ramaphosa hosts and chairs the summit, and South…...
Codelco Overhauls Its Leadership With Five New Vice Presidents and Four Division Chiefs
1+ day, 11+ hour ago (782+ words) The world’s largest copper miner is betting new faces can fix old problems — a fatal accident, a bookkeeping scandal, and ore that keeps getting poorer. Chile’s state copper company just rebuilt its command team from the top down. On August…...
Paraguay Mining and Energy Ministry Plan Eyes US$11 Billion
1+ day, 12+ hour ago (743+ words) The energy sector will need roughly US$11 billion over the next 13 to 15 years. And the government wants a dedicated ministry to help attract it. Paraguay mining and energy policy may soon get its own seat at the cabinet table. On…...
Peñoles Buys Back the 12-Contract Silver Deal With Fresnillo
2+ day, 13+ hour ago (987+ words) The quiet unwinding of a series of 12 agreements closes an 18-year silver-streaming pact between Mexico’s two mining giants. Fresnillo has ended one of Mexican mining’s longest-running silver pacts. Industrias Peñoles, its majority owner, has bought back the Silverstream Contract, a…...
Peru Holds Interest Rate at 4.25% as Crises Mount
2+ day, 13+ hour ago (467+ words) While Peru’s central bank sits calm and still, the new Fujimori government stumbles through a first two weeks marked by a grim murder tally and a sweeping water emergency. Let’s keep this simple. A benchmark interest rate is the price…...
South Africa's Ramokgopa Says Coal Exit Won't Follow Foreign Agendas
2+ day, 14+ hour ago (905+ words) South Africa · ENERGY —Coal dependence: Coal supplied about 83% of South Africa’s electricity generation in 2024, according to Statistics South Africa. —Coal reserves: The country holds about 9.9 billion tonnes of proved coal reserves, or roughly 1% of the world total, according to the…...
Vale Copper Bet Accelerates as Salobo Expansion Is Pulled Forward to 2028
3+ day, 13+ hour ago (1056+ words) The extra ore the miner will squeeze out of tailings is small next to its iron business. Yet it lands exactly where the world is short: copper for grids, cars and the energy transition. Vale copper production is set to…...
YPF and Halliburton Bring Zeus Electric Fracturing to Vaca Muerta
3+ day, 13+ hour ago (228+ words) The real story here is not just a new machine — it is the signal that YPF is doubling down on Vaca Muerta’s most expensive phase, while quietly restructuring its portfolio to focus on shale. For anyone watching Argentine energy, the…...
Antofagasta Minerals Bets Over US$7 Billion on Copper Without Continental Water
3+ day, 13+ hour ago (271+ words) The real story here isn’t just copper at record prices — it’s how one of Chile’s biggest miners is betting billions on water infrastructure to stay relevant for another quarter-century. For anyone living in or watching Latin America’s mining economies, this…...