Vale’s Indonesia equity sale paves the way for billions in investment
A Canadian unit of Vale Base Metals, Vale’s (NYSE: VALE) copper and nickel spinoff, has agreed to sell a 14% stake in Vale Indonesia (PT Vale) to align with Indonesian…
Copper
IGO stands by incoming CEO after Rio Tinto sacks him
Australia’s lithium and nickel producer IGO (ASX: IGO) is standing by its incoming chief executive officer, Ivan Vella, after Rio Tinto (ASX:RIO) sacked on Wednesday its former aluminum boss for…
JV Article: Torq sees double in the Chilean Andes
Torq Resources (TSXV: TORQ) could be on the cusp of discovering not one, but two major copper-gold systems right under the noses of leading mining companies. Working in northern Chile…
American Lithium eyes Peru production as court rules in its favour
American Lithium (TSXV: LI; NASDAQ: AMLI) said on Wednesday that Peru’s top court had confirmed its local subsidiary’s ownership of 32 out of 172 disputed concessions. The ruling, consistent with…
Osisko Mining, O3 Mining among PDAC’s major award winners
The Prospectors and Developers Association of Canada (PDAC) has announced that five outstanding groups will be presented with awards at its next convention, March 3-6, 2024, in Toronto. Since 1977,…
Teck sells coal assets to Glencore, steelmakers for US$8.9B to focus on copper
Teck Resources (TSX: TECK.A, TECK.B; NYSE: TECK) is selling its coal assets to Glencore (LSE: GLEN) and two Asian steelmakers for US$8.9 billion, Teck said on Nov. 14. Under the deal, which still must…
Mineral Resources boosts stake in lithium miner Azure Minerals
The battle to control Australia’s Azure Minerals (ASX: AZS) seems far from over as Mineral Resources (ASX: MIN) bought additional shares on Tuesday in the lithium and battery metals junior,…
Broken contract? Know your rights
Access to mineral resources is essential for a modern and sustainable economy. Recent global commitments to climate change and achieving a net zero carbon emission environment have created a rush…
Minaurum’s ‘drill to kill’ plan expected to pay off at Alamos Silver in Mexico
Minaurum Gold (TSXV: MGG; US-OTC: MMRGF) is planning to put together a first resource next year at the Alamos Silver project in Mexico, the company said in an early November…
Hudbay to release more realistic Copper Mountain plan
Hudbay Minerals (TSX: HBM; NYSE: HB) plans to publish a new technical report and mine plan for its recently acquired Copper Mountain mine in B.C. that will pull back overly…
Jiangxi Copper boosts First Quantum stake on Cobre Panama hit
China’s Jiangxi Copper, First Quantum Minerals‘ (TSX: FM) largest shareholder, has increased its stake in the Canadian miner, which is still reeling from the heavy losses caused by uncertainty regarding…
Camino shares surge as Rio Tinto takes position next to its Peru copper project
Junior copper explorer Camino Corp. (TSXV: COR) saw a surge in its stock trading volume on Wednesday after reporting that global miner Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO)…