Teck Resources hikes cost of QB2 copper project in Chile again
Teck Resources (TSX: TECK.A | TECK.B; NYSE: TECK) has once again raised its construction cost estimate for the Quebrada Blanca phase 2 (QB2) copper project in Chile by at least…
Copper
Ivanhoe awarded new exploration rights next to Platreef project on South Africa’s Bushveld Complex
Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) has been granted three new highly prospective exploration rights covering a total surface area of 80 sq. km adjacent to the company’s Platreef project…
Teck exits oilsands with $1B sale of Fort Hills stake to Suncor
Teck Resources (TSX: TECK.A | TECK.B; NYSE: TECK), Canada’s largest diversified miner, is exiting the oilsands business with the sale of its 21.3% stake in the Fort Hills project to Suncor…
Opening up protected areas in the Amazon to mining may lead to massive forest losses
A model developed by Brazilian researchers shows that opening up protected areas in the Amazon to mining projects would lead to massive losses of forest coverage. In a paper published…
Chile’s recast mining royalty bill gets mixed reception from industry
The Chilean government has presented a bill to the Senate’s Mining and Energy committee that “significantly reformulates the mining royalty bill,” the finance ministry said in a statement on Tuesday….
First Quantum posts disappointing Q3, revises guidance on Kansanshi struggles
First Quantum Minerals (TSX: FM) has reported considerably lower third-quarter financial results, citing margin compression because of a declining copper price, cost inflation, and challenged performance from its Kansanshi copper…
As Ontario joins clean energy talks, federal minister Wilkinson looks to streamline project approvals
Ontario has joined a country-wide consultation process to hammer out energy and mining strategies for transitioning to clean power using critical minerals, Canada’s natural resources minister said on Tuesday. The…
TSX Venture edges higher over the Oct. 17-21 trading week
The S&P/TSX Venture Composite Index edged up 11.95 points or 2.1% over the Oct. 17-21 trading session to end at 593.04. Sigma Lithium was the week’s top gainer by value,…
Los Andes Copper on track to deliver Vizcachitas prefeasibility by year-end, says CEO
Los Andes Copper (TSXV: LA; US-OTCQX) is eager to restart drilling at the flagship Vizcachitas porphyry copper-molybdenum deposit in Chile while it works in parallel to publish a pre-feasibility study…
Royalty firm Ecora plans transition to green metals despite lucrative coal contract
Ecora Resources (TSX: ECOR), a mining royalties company, is betting its shift to green-economy investing in projects by giants such as Vale (NYSE: VALE) and Rio Tinto (NYSE: RIO; LSE:…
A scary time for everyone as gloomy forecasts for mining and exploration show
With annual financial budgets looming, the end of October is a frightening time in the calendar. This year is especially scary because of the considerable political and financial uncertainty. Soaring…
Stillwater Critical enjoys ‘sweet spot’ in Montana’s Lower Stillwater PGMs Complex
Stillwater Critical Minerals (TSXV: PGE; US-OTC: PGEZF) is “rewriting the book” on the Lower Stillwater Igneous Complex in Montana, says president and CEO, Michael Rowley. The company’s evaluation of the…