Jean Paul Luksic, executive president of Chilean company Antofagosta PLC, met this week with authorities and the press at the Minnesota Twins’ Target Field in Minneapolis to present the joint mining project developed with Duluth Metals – a venture now estimated to cost 2 billion US dollars.
Norway’s Norsk Hydro ASA (OSL: NHY), Europe’s third largest aluminum maker, agreed to buy mining and smelting assets from Vale (NYSE: VALE) in a deal valued at 4.9 billion US dollars, boosting its control over raw materials used in production.
Protesters in the southern Peruvian province of Islay ended their six-day general strike after the government agreed to temporarily suspend a controversial mining project.
Chile’s nationalized copper company—and the largest copper company in the world—has a new CEO. Diego Hernández Cabrera, a current executive with International mining giant BHP Billiton, was appointed unanimously this week as CEO by Codelco’s board of executives.