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Diversified miner Anglo American has completed a definitive agreement with Chile's State-owned miner Codelco to implement a joint mine plan for their respective Los Bronces and Andina copper mines, expected to unlock 2.7-million tonnes of additional copper over a 21-year period and deliver an average 120 000 t/y of additional low-cost copper production to be shared equally. The companies expect the move to create at least $5-billion in shared value, with implementation conditional on environmental permits being secured by 2030.
Orion CMC pursues Asian partnerships to fund $20-billion critical minerals pipelineOrion Critical Mineral Consortium, a minerals investment group backed by the US government, is in advanced discussions to establish three new public-private partnerships in Asia as it seeks to fund a $20-billion global pipeline of opportunities in copper, lithium, rare earths and other critical minerals. The consortium, led by mining-focused private equity house Orion Resource Partners and backed by the US International Development Finance Corporation and Abu Dhabi's sovereign wealth fund ADQ, sees significant opportunities in South-East Asia, where multiple multibillion-dollar critical minerals projects are under development.
Newmont's Red Chris mine receives regulatory approvals for block cave transitionGlobal gold miner Newmont says its Red Chris mine in British Columbia has received crucial regulatory approvals, paving the way for a transition from openpit mining to a block caving operation and extending its lifespan into the mid-2040s. The company expects the project will create more than 1 800 construction jobs and support about 1 500 peak-season operating roles, while boosting Canada's copper production by about 15%.
Copper Updates
The metals complex is poised for a mixed performance following the US-Iran deal announced in June, with easing demand-side concerns supporting industrial metals, while the alleviation of...
Euronext Brussels-listed base metals miner Nyrstar has advised that certain shareholders filed a petition for interim measures with the Antwerp Enterprise Court on June 26. The claimant...
TSX-V-listed gold and copper project developer Gold Reserve has donated $1-million to support emergency relief and recovery efforts in Venezuela. The country experienced two catastrophic...
South Africa’s Witwatersrand gold basin dominates the list of the world’s deepest mines, claiming seven of the ten spots. Chasing ever-thinner reef seams buried beneath ancient rock, South African...
Productivity, automation, safety and sustainability initiatives are increasingly shaping investment decisions in South Africa’s earthmoving and surface mining equipment sector, says diesel engine...
South Africa’s economy continues to face challenges, including slow growth, high unemployment and pressure on important services such as electricity, transport and water. New infrastructure...
The government of British Columbia has approved key regulatory authorisations for the Red Chris block cave project.
The mining industry is delivering a solid financial performance despite grappling with rising geopolitical pressures, energy transition demands and structural investment gaps. However, despite this...
National Stock Exchange of Australia-listed Danakali has completed field reconnaissance and soil sampling across four of its projects in the Gascoyne and Murchison regions, with additional sampling...
TSX- and NYSE-listed Taseko Mines expects its namechange to Trekor Metals to become effective today, with the company's common shares due to start trading under the new name on June 29. The ticker...
Newly minted BHP CEO Brandon Craig faces a crowded in-tray as he takes mining's top job on July 1, from threatened iron ore strikes and ballooning costs to a potential uranium push and a febrile...
Global diversified miner Vedanta Group has passed a defining milestone in Indian corporate history with the successful listing of four newly demerged companies on the Bombay Stock Exchange and...
Chile's State-owned Codelco, one of the world's largest copper producers, will consider asset sales and partnerships as part of a broader review of its investment priorities, chairperson Bernardo...
TSX- and NYSE-listed Hudbay Minerals has completed the acquisition of Arizona Sonoran Copper, with Arizona Sonoran shareholders having received 0.242 of a Hudbay common share for each Arizona...
TSX-V-listed Koryx Copper reports that while the company’s focus remains on its Haib copper project, in Namibia, it continues to carry out systematic exploration at its Zambian assets, with the aim...
After spending additional time to refine a processing flowsheet, mine plan and other aspects, ASX-listed American West Metals says it is making progress on a prefeasibility study (PFS) for the...
Diversified miner Anglo American has completed a definitive agreement with Chile's State-owned miner Codelco to implement a joint mine plan for their respective Los Bronces and Andina copper...
The Democratic Republic of Congo is considering a plan to help mining employees acquire mandatory stakes in the companies they work for through worker cooperatives and company-financed credit, a...
TSX- and NYSE-listed Teck Resources has appointed Edwin Shadeo treasurer and acting VP for investor relations effective immediately, succeeding Emma Chapman, who is leaving Teck to pursue new...
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