Rio Tinto announces billions in new capital commitments
VANCOUVER — Rio Tinto (RIO-N, RIO-L) has announced billions of dollars in capital commitments to advance and upgrade some of its most high-profile assets.
Copper
NGEx hits big copper strikes at Josemaria, Los Helados
VANCOUVER — Vancouver-based copper explorer NGEx Resources (NGQ-T) is enjoying a June comeback, as the company benefits from drill results on promising targets at its land package on the established Region III corridor along the…
Iamgold to sell Quimsacocha
Shares of INV Metals (INV-T) surged 46% to 16¢ on news the Toronto-based company plans to acquire the Quimsacocha gold project in Ecuador from Iamgold (IMT-T) in a move it hopes will take it from a junior exploration company to an…
Capstone’s Minto will live to produce through 2022
VANCOUVER — A lot has changed since Vancouver-based producer Capstone Mining (CS-T) kick-started production at its Minto open-pit copper mine 240-km-north of Whitehorse in 2007. At the time the mine had an eight-year life and a throughput…
Louis Dreyfus to litigate against Baja Mining
Nearly two months after Baja Mining (BAJ-T, BAJFF-O) initially disclosed cost overruns of US$246 million at its Boleo copper-cobalt-zinc project in Baja California Sur, Mexico, one of the company’s largest shareholders, Louis Dreyfus…
Chile, Peru must meet energy challenges as mining booms
VANCOUVER — The Andean nations of Chile and Peru are firmly established as the top copper producing locales in the world. Chile holds the number one spot with annual production clocking in at roughly 4.9 million tonnes, while Peru sits in…
SMI can’t touch the copper-gold pie at Tampakan
On the Philippine island of Mindanao, advancement of the Tampakan project — encompassing one of the planet’s largest undeveloped copper-gold deposits — remains in limbo following months of environmental opposition to a planned…
Aldridge makes big strides at Yenipazar
VANCOUVER — Aldridge Minerals (AGM-V) is aiming to be the next Canadian explorer to take advantage of a mining boom in Turkey that has drawn substantial international investment, and positioned the country as Europe’s top gold…
Thompson Creek CEO gives lowdown on Mt. Milligan
Denver-based molybdenum miner Thompson Creek Metals (TCM-T, TC-N) is bulling through a major expansion despite falling moly prices, temperamental equity markets and rising costs in a bid to diversify its commodity basket and provide long-term…
Candente Copper makes headway in Peru
On the last day of May, the Ministry of Energy and Mines of Peru granted Candente Copper (DNT-T, CCOXF-O) the permit it needs to complete drilling for the feasibility study on its Cañariaco Norte project, a porphyry copper deposit about…
Lumina finds new zones at Taca Taca
The discovery of two new zones of copper mineralization at the Taca Taca project failed to lift the share price of Lumina Copper (LCC-V) largely due to widespread anti-Argentina sentiment in the wake of President Cristina Fernandez’s…
Atico looks to repeat Fortuna’s success
VANCOUVER — Recently-listed Atico Mining (ATY-V) has joined the many new companies exploring for gold in Colombia, but the company plans to set itself apart with its management team and strategy.