Norway to award Arctic seabed mining blocks in 2025
The government announced the first licensing round for seabed minerals on the Norwegian continental shelf for public consultation.
Copper
Lundin Mining to up stake in Caserones copper mine to 70%
Lundin Mining (TSX: LUN) said on Wednesday it will increase its ownership of the Caserones copper-molybdenum mine in Chile to 70% by acquiring an additional 19% interest for US$350 million. …
Friedland, McEwen back Power Nickel’s oversubscribed $20M funding
Canadian explorer Power Nickel (TSX-V: PNPN) has closed its recent $20 million “oversubscribed” financing round backed by billionaire investor Robert Friedland and mining veteran Rob McEwen. The Toronto-based junior said…
Beaty optimistic on Mexico ahead of cross-Canada bike trip to Equinox Gold’s mine opening
Mexico’s new leader is an improvement while Canada should be careful in blocking Chinese investment, according to Ross Beaty, the Canadian Mining Hall of Famer who founded Pan American Silver…
Copper price slides from record on Chinese stockpiles
The price of copper has slid from its record high after China’s real estate turmoil increased storage of the wiring and plumbing metal. A pound of copper was at US$4.376…
M&A activity shows we’re far from a market top in commodities
There’s a long-held fable within investing circles that surging M&A activity can (at times) signal a market top. So, how does that come about? Just like regular investors, major corporate…
Ecuador to approve Mirador copper mine expansion by August
Ecuador is in the final steps of approving an expansion for the Mirador copper mine, run by the local unit of Chinese consortium CRCC-Tongguan, EcuaCorriente, BNamericas has reported. Diego Ocampo,…
JV Article: Midnight Sun Mining partners with KoBold Metals, First Quantum
In February, Midnight Sun Mining (TSXV: MMA) teamed up with KoBold Metals, a privately held U.S. AI-driven mining and exploration company backed by technology investors including Bill Gates and Silicon…
Taseko restarts Gibraltar mine in British Columbia
The company announced earlier this week that it had reached an agreement with the union representing workers at the copper mine.
Nevada Copper on the auction block after filing for bankruptcy
Vancouver-based Nevada Copper (TSX: NCU) has started a sales process as a part of a restructuring announced this week, which included filing for bankruptcy and halting its Pumpkin Hollow copper…
Adventus, Salazar granted key permit for Ecuador copper-gold mine
Adventus Mining (TSXV: ADZN) and Salazar Resources (TSXV: SRL) have scored a win in Ecuador after the country’s environment ministry granted the partners a water use permit for their Curipamba-El…
Kenorland hits high-grade gold at Frotet in Quebec
Kenorland Minerals (TSXV: KLD; US-OTC: KLDCF) said high-grade gold assays from the winter drill program at its Frotet project in Quebec bode well for an initial resource. Highlights include hole…