Southern Copper plans $319M Cuajone mine overhaul
Southern Copper (NYSE, LSE: SCCO) plans to invest $318.6 million (C$440 million) to upgrade its Cuajone copper mine in southern Peru as the company works to lower costs and maintain…
Articles by Cecilia Jamasmie
USA Rare Earth wins up to $19.3M in DOE backing
USA Rare Earth (Nasdaq: USAR) has been selected by the United States Department of Energy (DOE) to receive up to $19.3 million (C$26.6 million) in federal funding for a pilot-scale…
European Union targets tungsten, rare earths stockpile to counter China’s grip
The European Union has shortlisted tungsten, rare earths and gallium for its first coordinated stockpile of critical minerals as the bloc steps up efforts to reduce dependence on China for…
Canada fast-tracks Nouveau Monde Graphite’s mine
Ottawa backs the Quebec-based project, billed as the biggest graphite mine in the G7.
Panama has lost $3.5B from mine halt: First Quantum
First Quantum Minerals (TSX: FM) said the suspension of its Cobre Panamá copper mine has cost Panama an estimated $3.5 billion in lost economic contribution over the past two years,…
Colombia pushes Glencore on Cerrejón closure plans
Colombia is pressing Glencore (LSE: GLEN) to begin planning now for a post-coal future at its Cerrejón mine, setting up a high-stakes debate over whether one of the world’s largest…
Sigma Lithium fights Brazil ruling after shares slide
Sigma Lithium (Nasdaq: SGML) is appealing a Brazilian court ruling tied to allegations involving waste disposal at its Grota do Cirilo lithium operation after the developments helped wipe 15% off…
Elemental Royalty to buy Vizsla Royalties for $327M
Elemental Royalty (TSX: ELE; Nasdaq: ELE) is acquiring Vizsla Royalties (TSX-V: VROY; US-OTC: VROY) in a $327-million (US$239-million) deal, offering a 31% premium as the company continues consolidating the royalty…
Gold M&A: Equinox, Orla combine as $18.5B miner
Equinox Gold (TSX: EQX; NYSE: EQX) said on Wednesday it would acquire Orla Mining (TSX: OLA; NYSE: ORLA) in a deal valued at about US$18.5 billion (C$25.4 billion), creating a…
Codelco faces questions over 20,000-tonne output gap
Chilean state-run copper miner Codelco may have overstated its December output by about 20,000 tonnes after including material that did not qualify as finished product, according to a preliminary internal…
Fortescue to pay A$150M for Aboriginal site damage
Fortescue (ASX: FMG), one of the world’s biggest iron ore miners, must pay more than A$150 million (US$108 million) to an Australian Aboriginal group after a court found the company…
Barrick’s $3B buyback sets stage for spinoff
Barrick Mining (TSX: ABX; NYSE: B) launched a $3-billion share buyback on Monday as the world’s third-largest gold producer seeks to attract investors ahead of a planned spinout of its…