Extended lockdowns hit copper production
Peruvian copper mine Antamina, owned by BHP (NYSE: BHP; LSE: BHP) and Glencore (LSE: GLEN), has reported 210 positive cases of coronavirus and said the date to restart operations is…
Glencore
First Cobalt advances Ontario-based refinery
First Cobalt (TSXV: FCC; US-OTC: FTSSF) has released an update on the progress of recommissioning its cobalt refinery in partnership with Glencore (LON: GLEN). The company expects to complete a…
Glencore to support First Cobalt’s refinery in Ontario
First Cobalt (TSXV: FCC; US-OTC: FTSSF) has taken a major step toward becoming the only producer of refined cobalt in North America. The company, which plans to restart its hydrometallurgical…
Black Iron, Glencore discuss offtake for Shymanivske in Ukraine
Black Iron (TSX: BKI; US-OTC: BKIRF) and Glencore (LON: GLEN) are in talks to finance construction of the junior’s Shymanivske iron ore project in Ukraine, and have signed a non-binding…
Chaarat to buy Kapan mine as part of ex-USSR consolidation strategy
Chaarat Gold Holdings (LON: CGH) struck a deal at the end of October to acquire the Kapan gold mine in Armenia from Polymetal International (LON: POLY) for US$55 million. The…
Regulus spin-out Aldebaran Resources starts trading
Regulus Resources (TSXV: REG) spin-out Aldebaran Resources (TSXV: ALDE) debuted on the Toronto Venture Exchange at 90¢ before tumbling to 59¢ in mid-afternoon trading. Aldebaran shares the same core management…
Horizonte completes feasibility on Araguaia nickel project in Brazil
Araguaia, one of the largest undeveloped ferro-nickel projects in the world, could produce about 52,000 tonnes of ferronickel a year over a mine life of 28 years, Horizonte Minerals (TSX:…
Glencore expands and extends share buy-back program
Glencore (LON: GLEN) is increasing its share buy-back program by up to an additional US$1 billion. The commodities giant has already purchased 230.2 million of its own shares valued at…
TSX inches higher while gold dips, June 11-15
Canada’s benchmark index rose 0.68% to 16,314.42 during a mixed week. The S&P/TSX Global Mining Index fell 1.9% to 75.17. The S&P/TSX Global Gold Index rose 1.3% to 191.66, while…
South32 offers US$1.3B for Arizona Mining
After taking an initial 15% stake in junior zinc developer Arizona Mining (TSX: AZ) in April 2017 for US$81 million and boosting it to 17% over the next year for…
Connemara completes maiden zinc resource in Ireland
The Republic of Ireland is one of the largest zinc producers in Europe and its base metal deposits have drawn some of the biggest names in the mining business —…
First Cobalt to acquire US Cobalt and its Iron Creek project in Idaho
The proposed acquisition of a junior explorer with a cobalt project in Idaho will give Canada-focused First Cobalt (TSXV: FCC; US-OTC: FTSSF) a footprint in the U.S. and burnish its…