Copper price meltdown sinks mining stocks
The decline in the copper price accelerated on Wednesday, as pandemic fears grip global markets and mining companies announce a wave of production halts and project construction suspensions. Copper trading…
Rio Tinto
Rio Tinto to start producing copper at Winu in 2023
Rio Tinto (NYSE: RIO; LSE: RIO) plans to ramp up development of its Winu copper-gold project in Western Australia, with first production expected in 2023. The world’s No. 2 miner…
Rio Tinto to spend US$1B to reach zero emissions
Rio Tinto (NYSE: RIO; LSE: RIO) will spend $1 billion over the next five years to reduce its carbon footprint and have net zero greenhouse gas emissions by 2050, but…
Will Canadian miners rise again?
The flurry of M&A transactions last year brought a much-awaited consolidation of the global gold sector. It also brought significant changes to the Canadian mining landscape: Newmont’s (NYSE: NEM) takeover…
Leaked EIS buoys Northern Dynasty’s Pebble
Controversial development plans for Northern Dynasty Minerals’ (TSX: NDM; NYSE-AM: NAK) wholly-owned Pebble project in southwest Alaska’s Bristol Bay region, have swung further in the company’s favour following the release…
Site visit: Growth ambitions undiminished for Brazil’s Nexa Resources
SAO PAULO, BRAZIL — With prices down nearly 10% in 2019, now is not an easy time for zinc miners. Measured from the highs hit from March to April, the…
Rio Tinto suspends South African operation over ‘criminal activity’
Increasing violence in communities around its Richards Bay Minerals complex in South Africa has forced Rio Tinto (NYSE: RIO) to curtail all mining operations there, the Anglo-Australian miner says. The…
US markets move higher, Oct. 28-Nov 1: Buenaventura, Rio Tinto, Southern Copper
The Dow Jones Industrial Average rose 1.44% to 27,347.36 and the S&P 500 Index increased 1.47% to 3,066.91. Spot gold gained 0.67% to US$1514.10 per ounce. Compania de Minas Buenaventura…
Bell Copper chases payoff from Perseverance
Tim Marsh likes to say that it took 150 drill holes to hit the high-grade core of the massive Oyu Tolgoi copper-gold porphyry deposit that made the Mongolian discovery economic….
Turquoise Hill faces trouble at Mongolian mine
Shares of Canada’s Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) sunk to historic lows in August on news that production from the vast Oyu Tolgoi copper-gold-silver mine in Mongolia could…
US markets drop, June 24-28: Agnico Eagle, Rio Tinto
The Dow Jones Industrial Average fell 0.45% to 26,599.96 and the S&P 500 Index dropped 0.30% to 2,941.76. Spot gold rose 0.71% or US$9.90 per oz. to US$1,408.90 per oz….
US markets move higher, June 10-14: Rio Tinto, Alamos Gold, Osisko Gold Royalties
The Dow Jones Industrial Average rose 0.41% to finish at 26,089.61, and the S&P 500 Index moved up 0.47% to 2,886.98. Spot gold rose 0.01% to US$1,341.10 per oz. gold….