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Chilean Regulator Flags Safety Concerns at Teck's Quebrada Blanca Mine

Chilean Regulator Flags Safety Concerns at Teck's Quebrada Blanca Mine

Chilean authorities have raised significant safety concerns regarding Teck Resources Limited's Quebrada Blanca copper mine. In August, a large crack and leaks were identified at the mine's tailings dam, prompting workers to request an investigation by the mining regulator, Sernageomin. The issues were initially reported between late July and early August, with workers expressing fears over potential safety risks. Despite these concerns, Teck has maintained that the dam is stable and safe, asserting that the issues were promptly addressed. The company has been sending weekly monitoring reports to Sernageomin and has conducted drills for structural collapse scenarios. The mine has faced operational challenges since 2024, leading to a reduction in production guidance.
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Anglo American and Teck Resources Merger Gains Shareholder Approval, Paving Way for Global Copper Expansion

Anglo American and Teck Resources Merger Gains Shareholder Approval, Paving Way for Global Copper Expansion

Anglo American and Teck Resources Merger Gains Shareholder Approval, Paving Way for Global Copper Expansion
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Anglo American and Teck Resources Secure Shareholder Approval for Merger, Await Regulatory Review

Anglo American and Teck Resources Secure Shareholder Approval for Merger, Await Regulatory Review

Anglo American and Teck Resources Secure Shareholder Approval for Merger, Await Regulatory Review
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Glencore Initiates Cobalt Exports Under Congo's New Quota System

Glencore Initiates Cobalt Exports Under Congo's New Quota System

Glencore has commenced cobalt exports under the Democratic Republic of Congo's new quota system, marking the first shipment since the system's implementation. The initial shipment was cleared after a 10% royalty payment, following a months-long export ban that had increased cobalt prices. The DRC, which produces over 70% of the world's cobalt, introduced the quota system to regulate exports, with annual caps set to begin in 2026. Glencore and China's CMOC received the largest allocations, with the first full-sized shipment expected by April.
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Rio2 Acquires Condestable Mine in Peru, Expanding Copper and Gold Production

Rio2 Acquires Condestable Mine in Peru, Expanding Copper and Gold Production

Rio2 Acquires Condestable Mine in Peru, Expanding Copper and Gold Production
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Exclusive-Chilean regulator, workers flagged risk at Teck's Quebrada Blanca dam

Exclusive-Chilean regulator, workers flagged risk at Teck's Quebrada Blanca dam

By Daina Beth Solomon SANTIAGO, Dec 9 (Reuters) - Chilean authorities in August raised concerns over a large crack and leaks at Teck's flagship Quebrada Blanca copper mine and criticized the miner for not immediately reporting the issues, according to documents reviewed by Reuters.
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DRC Tightens Cobalt Export Conditions with New Quota and Royalty Rules

DRC Tightens Cobalt Export Conditions with New Quota and Royalty Rules

The Democratic Republic of Congo (DRC) has introduced new regulations for cobalt exports, implementing a quota system and requiring a 10% royalty pre-payment. These changes aim to increase state revenues and enhance regulatory oversight. Exporters must now secure a compliance certificate and a 'liberatory receipt' before customs clearance. The DRC, which supplies over 70% of the world's cobalt, ended a months-long export ban in October and set export quotas for the fourth quarter of 2025 and for 2026. Major producers like China's CMOC and Glencore have received the largest allocations. The government warns that non-compliance could lead to severe penalties, including license revocation.
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Congo Miners Call for Urgent Talks to Resolve Cobalt Export Backlog

Congo Miners Call for Urgent Talks to Resolve Cobalt Export Backlog

The Democratic Republic of Congo's mining lobby is urging the government to hold urgent talks to clarify new cobalt export rules. The DRC, which supplies over 70% of global cobalt, implemented a quota regime in October, capping annual exports at 96,600 tons from 2026. Major cobalt producers, including China's CMOC and Glencore, received the largest shares, while the regulator retained a strategic reserve. Exporters face challenges due to unclear procedures and payment requirements, including a mandatory 10% royalty prepayment. The Chamber of Mines has requested a meeting with the regulator to address legal ambiguities and compliance hurdles.
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Anglo American Dam Project Resumes Amid Environmental Concerns

Anglo American Dam Project Resumes Amid Environmental Concerns

The Minas Gerais Court of Justice has authorized the continuation of the Anglo American dam project in Conceição do Mato Dentro, Brazil, resuming the environmental licensing process. This decision overturns a previous suspension due to safety concerns for local communities. The project, part of the Minas-Rio System, is deemed essential for maintaining operations and economic activities in the region. However, it has faced opposition due to potential risks to nearby communities and environmental impacts.
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Solis Minerals Secures Drilling Permits for Cinto Copper Project in Peru

Solis Minerals Secures Drilling Permits for Cinto Copper Project in Peru

Solis Minerals Secures Drilling Permits for Cinto Copper Project in Peru
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Anglo American Withdraws Remuneration Resolution Amid Shareholder Concerns

Anglo American Withdraws Remuneration Resolution Amid Shareholder Concerns

Anglo American Withdraws Remuneration Resolution Amid Shareholder Concerns
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DRC Implements New Cobalt Export Quotas and Royalties, Impacting Global Supply

DRC Implements New Cobalt Export Quotas and Royalties, Impacting Global Supply

The Democratic Republic of Congo (DRC) has introduced new regulations for cobalt exports, a critical mineral for electric vehicle (EV) batteries. The new rules, effective immediately, require miners to pay a 10% royalty in advance and obtain a compliance certificate. This move follows the lifting of a months-long export ban and the introduction of a quota system aimed at increasing state revenues and enhancing regulatory oversight. The DRC, which supplies over 70% of the world's cobalt, has set export quotas at 18,125 tonnes for the fourth quarter of 2025 and 96,600 tonnes annually from 2026. Major producers like China's CMOC and Glencore have received the largest allocations, while ARECOMS holds a 10% strategic reserve. The government has warned that non-compliance could lead to severe penalties, including license revocation.