Newmont prices Red Chris expansion at up to $4.8B
Newmont (NYSE, ASX: NEM) put a price of up to $4.8 billion (C$6.4 billion) on taking its Red Chris copper-gold mine underground in British Columbia, with commercial production targeted for…
Copper
Southern Copper weighs $680M Cuajone expansion
Southern Copper (NYSE, BVL: SCCO) is evaluating a $680-million (C$950.6 million) expansion of its Cuajone mine in southern Peru to counter declining ore grades and improve efficiency as the copper…
Moon River lifts Davidson value to $1.2B, tungsten output jumps
A new study from Moon River Moly (TSXV: MOO; US-OTC: MRIVF) raises the estimated value of its Davidson molybdenum-copper-tungsten project in British Columbia by 20% and more than quadruples tungsten…
Ottawa finally matches $1B Ring of Fire funds
Ottawa has pledged up to $1 billion (US$712 million) to help build roads into Ontario’s Ring of Fire, backing a long-delayed route to undeveloped critical mineral deposits. The three-year commitment,…
Spain: Pan Global eyes copper riches in ancient belt
Pan Global Resources (TSXV: PGZ; US-OTC: PGZFF), led by former Rio Tinto (ASX, LSE, NYSE: RIO) exploration director Tim Moody, sees neighbouring plants as a potential route to copper production…
Mining Forum video: Majors are waking up to discoveries, fund manager says
Commodity Discovery Fund founder Willem Middelkoop is targeting new discoveries and mines nearing production to capture gains from a commodities rally he says could last for decades. The Netherlands-based fund,…
Hudbay, Mitsubishi OK $2.1B Copper World project
Hudbay Minerals (TSX, NYSE: HBM) and Japan’s Mitsubishi have approved construction of the $2.1-billion (C$2.9 billion) Copper World project in southern Arizona despite a 59% surge in construction costs. Scope…
Seville MMH: Spain’s next mines hinge on funding
Financing Spain’s next mines depends on giving investors credible development schedules, yet uncertain approvals make it difficult to plan major spending, developers told the Mining and Minerals Hall conference. The…
Spain hunts hidden metals with €197M plan
Spain aims to begin airborne mineral surveys covering 100,000 sq. km within weeks, while explorers press for clearer spending plans and access to the results of a national effort to…
Magna targets late-2027 ore sales at Crean Hill
Magna Mining (TSX: NICU; US-OTC: MGMNF) on Tuesday approved construction to start next year at its past-producing Crean Hill project in Ontario, advancing plans to become a three-mine producer in…
Summit video: Kodiak tests how much bigger MPD resource can get
Kodiak Copper (TSXV: KDK; US-OTC: KDKCF) is targeting a larger resource at its MPD copper-gold project in southern B.C. by March, CEO Claudia Tornquist says. Recent drilling at the Ketchan…
Seville panel: Europe must match US mining support
Europe needs to match its critical minerals ambitions with purchase guarantees, public investment and stable policies if it wants companies to build mines and processing plants, speakers told the sixth…