Rio Tinto settles hedge fund claims on Oyu Tolgoi
Rio Tinto (ASX, LSE: RIO) has agreed to pay nearly $139 million to settle a long-running class action lawsuit accusing the company of concealing development delays at its $7-billion giant…
Copper
Lundin targets top-10 copper miner status
Canada’s Lundin Mining (TSX: LUN) has unveiled a strategic growth plan designed to catapult the company into the world’s top 10 copper producers. The Vancouver-based miner aims to reach annual…
Karelian spots Victorian-era copper target in N. Ireland
Karelian Diamond Resources (LSE-A: KDR) says it has identified a “significant new copper target” within the recently awarded KDR4 licence area in Northern Ireland. The company found the copper target…
Video: Iamgold pursues ‘Canada-first’ strategy, CEO says
Iamgold (TSX: IMG; NYSE: IAG) is shifting its focus to Canadian production, president and CEO Renaud Adams said. Franco-Nevada (TSX, NYSE: FNV) last month acquired a 7.5% net profit interest…
Teck lands permit to extend copper mine life in BC
Teck Resources (TSX: TECK.A, TECK.B; NYSE: TECK) has secured an environmental assessment certificate to extend the life of its Highland Valley Copper (HVC) mine in British Columbia, keeping Canada’s largest…
Foran assays extend copper zone at McIlvenna Bay
Foran Mining (TSX: FOM; OTCQ-X: FMCXF) cut a highlight result of 21.3 metres grading 1.55% copper at its McIlvenna Bay project in east-central Saskatchewan. Hole BZ-25-02 also intersected 0.69% zinc,…
Video: Cupel Advisory director flags M&A surge, industry image crisis as key trends
A new wave of mergers and acquisitions is rising in the mining sector and single-asset companies might be the first to sell out, Cupel Advisory director Nikki Adshead-Bell says. “We…
Ecuador reopens mining registry after seven-year freeze
Ecuador has reopened its mining concessions registry for the first time since January 2018, aiming to attract investment, streamline licensing and crack down on illegal mining—a long-standing issue across the…
Vale gets initial license for Bacaba copper project
Vale (NYSE: VALE) says authorities have granted a preliminary environmental licence for its Bacaba copper project in Brazil. The miner expects to invest about $290 million (C$393 million) during the…
Sea floor developer TMC lands $85M from Korea Zinc
Canada’s The Metals Company (Nasdaq: TMC) said on Monday that South Korean refiner Korea Zinc will invest $85.2 million (C$116 million) in the company, a major boost for its plans…
Opinion: Why Canada must step up in mining
My family and I came to Canada from Romania when I was in Grade 9 – newcomers with suitcases in hand, no real plan, and no exposure to mining –…
Osisko Metals intersects 2% copper at Gaspé project
Drilling at Osisko Metals’ (TSX: OM) flagship Gaspé project in eastern Quebec returned results as high as 25.6 metres grading 2.19% copper, the company said. That result, in hole 30-1070 from…