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Peru Considers Agreement with U.S. on Critical Minerals Amid Growing Interest

Peru Considers Agreement with U.S. on Critical Minerals Amid Growing Interest

Peru is evaluating a potential 'memorandum of understanding' with the United States concerning critical minerals, as announced by Peru's foreign minister, Hugo de Zela. The U.S. has expressed significant interest in Peru's critical minerals, particularly given Peru's status as the world's third-largest copper producer. This potential agreement could enhance bilateral cooperation in the mining sector, focusing on minerals essential for various industries, including technology and renewable energy.
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Australia's mining competitiveness at risk from excessive regulation, says Rinehart

Australia's mining competitiveness at risk from excessive regulation, says Rinehart

MELBOURNE, Dec 10 (Reuters) - Mining baroness Gina Rinehart said on Wednesday the burden of excessive regulation on the Australian mining industry has put its global competitiveness at risk.
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Chile Increases Mining Investment Forecast to $105 Billion, Boosting Copper and Lithium Projects

Chile Increases Mining Investment Forecast to $105 Billion, Boosting Copper and Lithium Projects

Chile has raised its mining investment forecast to $105 billion through 2034, marking a 26% increase from the previous year's projection. This adjustment is driven by new copper and lithium projects, as reported by the state-run agency Cochilco. Chile, known as the world's largest producer of copper and the second-largest producer of lithium, is focusing on expanding its mining sector. Key projects include the expansion of BHP's Escondida, the largest copper mine globally, and new concentrators at Collahuasi, a copper mine co-owned by Anglo American and Glencore. The updated investment forecast is the highest since the 2016-2025 period, highlighting the sector's critical role in Chile's economic development.
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Argentine Football Association Raided in Money Laundering Investigation

Argentine Football Association Raided in Money Laundering Investigation

Police in Argentina conducted raids on the national football association headquarters and over 30 soccer clubs as part of a money laundering investigation. The operation was ordered by Federal Judge Luis Armella, focusing on the financial firm Sur Finanzas, a major sponsor of Argentine football. Sur Finanzas has denied the allegations, claiming compliance with regulations. The investigation began with suspicions about Sur Finanzas' contract with Club Atlético Banfield, leading to further raids after documents suggested links to other clubs. The Argentine Football Association has not yet commented.
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Argentine Federal Police Raid Soccer Clubs Amid Money Laundering Investigation

Argentine Federal Police Raid Soccer Clubs Amid Money Laundering Investigation

Federal police in Argentina conducted multiple raids on the headquarters of the Argentine Football Association (AFA) and at least 17 soccer clubs. These raids are part of a judicial investigation into alleged ties to Sur Finanzas, a financial services company under scrutiny for money laundering and tax evasion. The raids, ordered by federal judge Luis Armella, targeted first and second division clubs and the AFA headquarters in Buenos Aires. Sur Finanzas, owned by Ariel Vallejo, sponsors AFA tournaments and several clubs. Police are searching for contracts and documentation related to the financial firm. The investigation stems from a complaint by the Customs Revenue and Control Agency against Sur Finanzas, alleging illicit transactions totaling 818 billion pesos, approximately $560 million.
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Chile set to elect its most right-wing president since Pinochet

Chile set to elect its most right-wing president since Pinochet

By Alexander Villegas and Lucinda Elliott SANTIAGO, Dec 10 (Reuters) - With a commanding lead in opinion polls and an electorate clamoring for security, far-right candidate Jose Antonio Kast is widely expected to win Chile's presidential run-off on Sunday and become the country's most conservative
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Record-Breaking Gathering of Golden Retrievers Held in Buenos Aires Park

Record-Breaking Gathering of Golden Retrievers Held in Buenos Aires Park

In Buenos Aires, Argentina, a record-breaking gathering of 2,397 golden retrievers took place in Bosques de Palermo park. This event set an unofficial world record for the largest assembly of this breed. Dog owners from across Argentina participated, transforming the park into a vibrant scene filled with golden retrievers. The event was organized by Fausto Duperre, an Argentine actor and social media influencer known for his love of golden retrievers. The gathering featured dogs dressed in various costumes, and attendees shared stories and experiences about their pets, celebrating the breed's unique qualities and companionship.
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China's Tencent quits Paramount's bid for Warner Bros to avert national security questions

China's Tencent quits Paramount's bid for Warner Bros to avert national security questions

Chinese gaming and social media giant Tencent Holdings has withdrawn from Paramount Skydance Corp.'s bid to buy Warner Bros Discovery
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IMF urges China to speed up structural reform, raises growth forecasts

IMF urges China to speed up structural reform, raises growth forecasts

BEIJING, Dec 10 (Reuters) - The International Monetary Fund on Wednesday urged China to speed up structural reform, as global pressure mounts on the world's second-largest economy to shift to a consumption-led growth model and rein in debt-driven investment and exports.
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Gold Royalty Acquires Pedra Branca Mine Royalty from BlackRock for $70 Million

Gold Royalty Acquires Pedra Branca Mine Royalty from BlackRock for $70 Million

Gold Royalty Acquires Pedra Branca Mine Royalty from BlackRock for $70 Million
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BHP Partners with BlackRock's GIP for $2 Billion Investment in WAIO Power Assets

BHP Partners with BlackRock's GIP for $2 Billion Investment in WAIO Power Assets

BHP Partners with BlackRock's GIP for $2 Billion Investment in WAIO Power Assets
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Argentina's Railway Privatization Aims to Boost Exports Amid Infrastructure Challenges

Argentina's Railway Privatization Aims to Boost Exports Amid Infrastructure Challenges

Argentina is planning to privatize and modernize its aging railway network to enhance its grain and mining exports. The initiative, led by President Javier Milei, targets the Belgrano Cargas network, which operates the country's largest freight train lines. The network currently transports about 7.5 million tons of cargo annually, primarily agricultural products. However, the infrastructure is outdated, leading to slow travel speeds and frequent derailments. The government plans to tender an additional 11,000 kilometers of currently unused lines. The modernization is expected to reduce freight costs significantly, benefiting the agricultural and mining sectors. The project is part of a broader strategy to increase Argentina's annual exports by $100 billion over seven years.