Rio Tinto open to major acquisitions to meet copper goals
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) said on Wednesday it would contemplate a significant copper acquisition if it added exceptional value, but noted that buying quality assets in…
Articles by Cecilia Jamasmie
BHP, Lundin grab Filo in US$3B South American copper deal
Mining giant BHP (NYSE: BHP; LSE: BHP; ASX: BHP) and Canada’s Lundin Mining (TSX: LUN) have teamed up to acquire South America-focused Filo Corp. (TSX: FIL), in a US$3-billion ($4.1…
Eldorado inks deal to earn 80% of Newfoundland project
Eldorado Gold (TSX: ELD; NYSE: EGO) has inked an option deal with TRU Precious Metals (TSX: TRU) to acquire a major stake in the junior’s Golden Rose gold-copper project, in…
Horizon Minerals to become Australia’s newest gold producer
Horizon Minerals (ASX: HRZ) is going ahead with development of the Boorara gold mine in Western Australia, located only 10 km east of Northern Star Resources’ Super Pit gold mine,…
BHP’s Spence copper mine in Chile now fully autonomous
BHP’s (NYSE: BHP; LSE: BHP; ASX: BHP) Spence copper mine in Chile has celebrated three months of being the company’s first fully autonomous operation, a status reached in April after…
Gemfields auction revenue falls as market softens
Coloured gemstones miner Gemfields (LSE: GEM; JSE: GML) fetched US$121 million in revenue from auctions in the six-month period to June 30, a 17% decline from a year ago as…
Australia rejects Rio Tinto unit’s uranium mine lease renewal
Decision ends a decades-long dispute over Jabikula, one of the world’s largest untapped deposits of high-grade uranium.
Sibanye delays results release as it recovers from cyberattack
Sibanye-Stillwater (JSE: SSW, NYSE: SBSW) will delay the release of its operating and financial results for the period ended June 30 after recent disruptions to its IT systems. On July…
Anglo American takes US$1.6B writedown on UK mine
Anglo American (LSE: AAL) swung to a loss in the first half of the year after taking a fresh US$1.6 billion writedown on its Woodsmith fertilizer project in the U.K.,…
First Quantum starts up Zambia nickel mine, enters standstill deal with Jiangxi
First Quantum Minerals (TSX: FM) has begun commercial production at its Enterprise mine, set to become Africa’s biggest nickel operation, helping Zambia get closer to its goal of turning into…
Deep sea miner TMC plans to be ready to apply for licence
Canada’s The Metals Company (NASDAQ: TMC) plans to be ready to apply for a licence to start mining the seabed before the end of this year, with production expected to…
Vale Metals appoints mining veteran Shaun Usmar as CEO
Vale Base Metals, Vale‘s (NYSE: VALE) Canadian-based spinout of its metals business created last year, has appointed mining veteran Shaun Usmar as its new chief executive officer. Usmar brings over…