Vale expands production capacity at Salobo copper mine
Brazil-based mining giant Vale (NYSE: VALE) has announced that its Salobo mine has reached a capacity of 32 million tonnes per year after completing a successful throughput test for the…
Copper
Global exploration snapshot: Eight projects to watch
From Alaska to South America, junior exploration companies are hunting for base metals, uranium and precious metals to power our future. Here’s an overview of eight companies advancing promising projects….
Adventus buys Beaty-backed Luminex for Ecuador focus
Canadian junior Adventus Mining (TSX-V: ADZN; US-OTC: ADVZF) is acquiring cohort Luminex Resources (TSX-V: LR; US-OTC: LUMIF) in an all-stock deal to focus on copper and gold development in Ecuador….
Codelco to spend US$720M on Chuquicamata copper mine overhaul
Chile’s Codelco, the world’s top copper producer, plans to invest an additional US$720 million ($985.6 million) revamping its century-old Chuquicamata copper mine, in an effort to stop the company’s overall…
First Quantum to halt Panama mine this week if blockade goes on
First Quantum Minerals (TSX: FM) warned on Monday it would have to suspend operations at its controversial Cobre Panama copper mine, if an ongoing port blockade continues to impede the…
Leonardo DiCaprio backs Panama protests against First Quantum mine
Hollywood actor Leonardo DiCaprio has joined the demands of Panamanian activists asking for the shutdown of First Quantum Mineral’s Cobre Panamá copper mine.
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…
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…