Lithium X Acquires Arizaro Lithium Brine Project in Argentina

Lithium X announced it has entered into an agreement to acquire the Arizaro lithium brine project in Argentina’s Salta Province. The project consists of 33,846 hectares in 11 mining claims covering parts of the western and eastern portions of the Salar de Arizaro, one of the district’s largest known salt lakes.

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Antofagasta Reports Increased Copper Production

Antofagasta plc reported that 2016 copper production increased by 12.5% to 709,400 metric tons (mt). This was driven by higher copper production in Chile at Centinela and additional production coming from its Antucoya and Zaldívar operations, and was partly offset by the closure of Michilla at the end of 2015. 

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Kibali Ends Challenging Year With Strong Finish

The Kibali gold mine in the Democratic Republic of Congo has continued its performance improvement in the second half of the year after a tough first half. Mark Bristow, chief executive of operator and part owner Randgold Resources, said metallurgical process enhancements improved the recovery rate, the new Kombokolo and Rhino satellite pits added flexibility, and throughput for the year was above nameplate. Grade will remain a challenge until the underground mine is fully commissioned later in 2017, he explained. 

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