Iron ore boom of the 2000s repeating – this time with critical metals
A headline published in The Age back in July 2003 reads: “[Andrew] Forrest has a grand $1.2bn plan for tiny Perth mining company.” That company was called Allied Mining and…
Copper
Teck hits record copper production on Quebrada Blanca ramp-up
Teck Resources (TSX: TECK.A, TECK.B; NYSE: TECK) beat profit estimates for the fourth quarter of 2023 on the back of higher steelmaking coal sales, record copper production and strong prices…
First Quantum inks US$500M offtake amid Panama turmoil
First Quantum Minerals (TSX: FM) says it’s landed a US$500-million offtake agreement with its largest shareholder, China’s Jiangxi Copper, to help shore up finances shredded by its Cobre Panama mine…
Rio Tinto OKs US$6.2B Simandou iron mine
“The board yesterday approved the largest mining project in the world,” CEO Stausholm told Financial Times.
Tudor Gold ups ounces, grade at Goldstorm deposit in BC
The indicated resource count at Tudor Gold‘s (TSXV: TUD) flagship Treaty Creek project in British Columbia has grown by 19% in terms of gold-equivalent ounces following last year’s drill program…
Global exploration snapshot: Eight companies seeking copper, precious metals and more
As explorers continue to hunt for precious metals and critical minerals needed for the green energy transition, their pursuit takes them to every corner of the world. Here are eight…
Deep sea mining seems to be inevitable, says ISA chief
Deep sea mining is likely just a matter of time, according to the head of the International Seabed Authority.
KoBold Metals expands Zambia footprint with Midnight Sun deal
KoBold Metals, backed by a coalition of billionaires including Bill Gates and Jeff Bezos, is expanding its footprint in Zambia after inking a deal with Midnight Sun Mining (TSXV: MMA) to jointly…
Video: Tahltan Nation offers heavy equipment training in mobile simulators
The Tahltan Nation is rolling out schooling for licences in hauling trucks, bulldozers and loaders, a vice president of the Indigenous group’s development company says in a new video. A…
Optimism for metals clashes with reality for juniors ahead of PDAC
Increasing funding for battery metal and uranium projects versus gold brings home the global energy transition but big financing deals for preproduction companies have almost disappeared, new figures show ahead…
New study saves US$1B in upfront cost as SolGold shops Cascabel project
SolGold (TSX: SOLG; LSE: SOLG) has managed to slash the upfront cost of its 100%-owned Cascabel project in Ecuador while the company continues to explore the potential sale of its…
Peru approves US$2B Antamina copper mine expansion
Peru’s environmental watchdog has granted Antamina, the country’s largest copper-zinc mine, a long-awaited permit that allows it to kick off a US$2 billion expansion to extend the operation’s productive life…