Barrick’s Reko Diq to generate US$74B over 37 years
Barrick Gold (NYSE: GOLD) (TSX: ABX) said on Monday its half-owned Reko Diq copper and gold project in Pakistan is projected to generate approximately US$74 billion in free cash flow…
Copper
GoGold sees Los Ricos South permits in March
GoGold Resources (TSX: GGD; US-OTC: GLGDF) says a new feasibility study shows the Los Ricos South (LRS) project in Mexico would cost US$227 million to build and provide a 28%…
Codelco, Saudi Arabia eye copper JVs: Reuters
Chile’s Codelco and Saudi Arabia are engaged in early-stage discussions about potential joint investments in the copper sector, the state-owned miner’s chairman Maximo Pacheco told Reuters on Friday. The collaboration…
Rio Tinto, Glencore in M&A talks: Bloomberg
Rio Tinto (NYSE, LSE, ASX: RIO) and Glencore (LSE GLEN) have been discussing combining their businesses, according to people familiar with the matter, Bloomberg reported. The Australian mining giant and…
First Quantum cuts guidance on Zambia delays
First Quantum Minerals (TSX: FM) has cut its copper guidance by 3.5% at the midpoint, citing Zambian mine sequencing, while politics has kept Cobre Panama idle. The Toronto-headquartered company now…
Saudis tap Aramco for lithium brine extraction
Saudi Arabia has announced a new joint venture between its state-run oil and mining companies — Aramco, the world’s largest in oil, and Ma’aden — marking another step in its…
Antofagasta misses copper target, keeps guidance
Chilean miner Antofagasta (LSE: ANTO) reported on Thursday that its copper production for 2024 fell below company expectations, despite exceeding its total output for the previous year. The company, Chile’s…
Zijin offers US$1.9B for 25% of China lithium miner
Chinese copper and gold producer Zijin Mining Group is proposing to buy a quarter of compatriot Zangge Mining for 13.7 billion yuan (US$1.9 billion), the companies said. The deal would…
London Symposium JV Video: Quebec’s clean energy, innovation, incentives
Quebec supports mining with hydro-power, streamlined permits and beneficial tax policies, an adviser to the province says. Early government action gives it an edge in the energy transition, Jonathan LaFontaine,…
Yukon Metals samples up to 3.49% copper at AZ
Yukon Metals (CSE: YMC; US-OTC: YMMCF) shares rose on Wednesday after it released sampling results from the AZ project with copper grades as high as 3.49%. The Canadian junior kicked…
Biden signs order to power-up AI infrastructure
U.S. President Joe Biden issued an executive order Tuesday to support the development of the country’s artificial intelligence infrastructure and meet the enormous energy requirements from AI data centres in…
Copper smelting fees to remain low amid tight supply
Copper concentrate treatment and refining charges (TC/RCs) paid by mining companies to smelters are expected to stay depressed throughout 2025 amid reduced supply, according to commodity analysis firm Fastmarkets. In…