Teck sees copper supply/demand win
Soaring demand for electric vehicles and power plants should support copper prices over the coming decades as supply constraints continue to plague the industry, Teck Resources (TSX: TECK.A, TECK.B; NYSE:…
Financing
VRIC: Copper majors are hunting for explorers
Despite the upheaval of a new Donald Trump presidency in the U.S., pundits at the Vancouver Resource Investment Conference held firm that the metal’s long-term future is as bright as…
Saudis to buy stake in Barrick’s Reko Diq: FT
Saudi Arabian mining fund Manara Minerals is set to buy a 10%-20% in the Reko Diq copper and gold project in Pakistan for about US$500 million to US$1 billion, the…
Teck allots up to US$3.9B to boost copper output
Teck Resources (TSX: TECK.A, TECK.B; NYSE: TECK), Canada’s largest diversified miner, plans to invest up to US$3.9 billion over the next four years to increase its copper production to about…
Barrick’s Reko Diq to generate US$74B over 37 years
Barrick Gold (NYSE: GOLD) (TSX: ABX) said on Monday its half-owned Reko Diq copper and gold project in Pakistan is projected to generate approximately US$74 billion in free cash flow…
Will Indonesia shut the nickel spigot to spur prices?
Indonesia’s clout in the global nickel market rivals OPEC’s in oil. The Southeast Asian nation — an archipelago of more than 17,000 islands straddling the Indian and Pacific oceans —…
Standard Lithium, Equinor secure US$225M to develop Arkansas project
Standard Lithium (TSXV: SLI) announced on Thursday that it has closed a US$225-million grant from the U.S. Department of Energy to to support the stage-one construction of the South West…
Antofagasta misses copper target, keeps guidance
Chilean miner Antofagasta (LSE: ANTO) reported on Thursday that its copper production for 2024 fell below company expectations, despite exceeding its total output for the previous year. The company, Chile’s…
Biden signs order to power-up AI infrastructure
U.S. President Joe Biden issued an executive order Tuesday to support the development of the country’s artificial intelligence infrastructure and meet the enormous energy requirements from AI data centres in…
Financing: US Energy Dept. hands out billions
In mid-December, the U.S Department of Energy announced a conditional loan of US$755 million to battery materials and technology company Novonix to build a plant in Tennessee for manufacturing synthetic…
Asante Gold’s feasibility extends Bibiani 7 years
Asante Gold‘s (CSE: ASE USOTC: ASGOF) new definitive feasibility study (DFS) confirms the potential to extend Bibiani in Ghana by at least seven years through mining underground reserves below the…
Copper smelting fees to remain low amid tight supply
Copper concentrate treatment and refining charges (TC/RCs) paid by mining companies to smelters are expected to stay depressed throughout 2025 amid reduced supply, according to commodity analysis firm Fastmarkets. In…