This post was originally published on this site.Chile’s state-owned copper producer Codelco and BHP (ASX: BHP) have signed an agreement to advance the exploration of the Anillo copper project in the Antofagasta region in Chile, with BHP committing up to $40 million to assess the geological potential of the area.  The deal, which follows an initial agreement in 2025aims to generate more value from its 2.3-million-hectare portfolio by putting capital, technology and management from top companies in the industry into its operations, while safeguarding its own and Chile’s interests. BHP comes in with the technical and operational capabilities to support...

This post was originally published on this site.Brazilian President Luiz Inácio Lula da Silva’s election victory is set to reinforce government control over the country’s vast rare earth resources, raising the stakes for foreign miners and Washington’s efforts to reduce dependence on China. Lula defeated far-right Senator Flávio Bolsonaro in Sunday’s closely contested runoff, securing a fourth nonconsecutive term if electoral authorities confirm the result. His next term begins Jan. 5, 2027, extending an industrial policy that seeks to keep more mineral processing and manufacturing in Brazil. “This country will not accept being anyone’s backyard,” Lula said in his victory...