BHP opts for mediation to avert strike at Spence mine
BHP (NYSE: BHP; LSE: BHP; ASX: BHP) has requested the Chilean government to mediate talks with union leaders at its Spence copper mine to avert a strike. The call for…
Financial Matters, M&A
Taseko halts BC copper mine Gibraltar as workers strike
More than 500 workers went on strike over the weekend at Taseko Mines’ (TSX: TKO; LSE: TKO; NYSE: TGB) Gibraltar copper operation in central British Columbia, following unsuccessful contract negotiations. A…
China’s CITIC to sell up to 2% stake in Ivanhoe Mines
CITIC Metal Co. is planning to sell a small portion of its holdings in Ivanhoe Mines (TSX: IVN) through public trades or privately through block trades, or the combination of…
Century Lithium plunges after Clayton Valley feasibility
Century Lithium (TSXV: LCE; OTC: CYDVF) issued a feasibility study showing a 17% internal rate of return using a long-term lithium price for its Clayton Valley project in Nevada. The…
Equinox Gold buys out Orion for almost US$1B as it readies Greenstone for first gold
Equinox Gold (TSX: EQX; NYSE-AM: EQX) is buying partner Orion Mine Finance’s 40% stake in their new Greenstone gold mine in Ontario for US$995 million in cash and shares as it…
Altona Rare Earths strikes copper deal in Botswana
Shares in Altona Rare Earths (LSE: REE) gained more than a third on Tuesday after saying it had inked a deal to acquire the majority of a copper and silver…
African Rainbow Minerals ups copper game with Surge stake buy
African Rainbow Minerals (JSE: ARI) is buying a 15% stake in British Columbia-focused explorer Surge Copper (TSXV: SURG) for $3.8 million, boosting the South African miner’s exposure to copper. South…
Explaining the copper conundrum
Arguably, no one is more aware of the coming copper shortage than copper miners themselves. Glencore CEO Gary Nagle warned in late 2022 — just months before the company made…
Taseko to become sole owner of Gibraltar copper mine in BC
Taseko Mines (TSX: TKO; NYSE: TGB; LSE: TKO) said on Monday it’s acquiring the remaining 12.5% interest in the Gibraltar mine, the second largest open-pit copper operation in Canada, from current…
Riley Gold rises on $20M earn-in with Kinross for Nevada project
Kinross Gold (TSX: K; NYSE: KGC) has signed an option to earn up to a 75% interest in Riley Gold‘s (TSXV: RLYG; US-OTC: RLYGF) Pipeline West/Clipper (PWC) project in Nevada….
Aclara stock surges on investment from Chilean conglomerate
Aclara Resources‘ (TSX: ARA) shares shot up to a near 52-week high after the rare earth elements (REE) developer announced an investment agreement with Chilean conglomerate CAP SA, which operates…
Exclusive: Barrick CEO Bristow drives another U-turn in a remote land
Barrick Gold (TSX: ABX; NYSE: GOLD), the second-biggest gold miner by market value, this month poured its first gold in Papua New Guinea in nearly four years as CEO Mark…