Explaining the copper conundrum
Arguably, no one is more aware of the coming copper shortage than copper miners themselves. Glencore CEO Gary Nagle warned in late 2022 — just months before the company made…
Glencore
Lifezone shares rise on US$50M financing, Tanzania refinery licence
A consortium of marquee mining investors are backing Lifezone Metals (NYSE: LZM) and the development of its flagship Kabanga project in northwest Tanzania, which is on track to reach the…
Teck’s Elk Valley cleanup could cost $4.7B, says environmental group
A report found that the amount set aside by Teck is inadequate to mitigate selenium contamination.
Li-Cycle shares jump on US$75M Glencore investment
Lithium-ion battery resource recovery company Li-Cycle (NYSE: LICY) announced Tuesday it raised US$75 million through a senior note financing with an affiliate of Swiss commodities giant Glencore (LSE: GLEN). Glencore…
Pampa drills long copper interval at Piuquenes in Argentina
Pampa Metals (CSE: PM; US-OTC: PMMCF) says the first drill hole at its Piuquenes project in Argentina cut more than 1% copper equivalent over nearly a third of a kilometre….
Abitibi Metals drills 3.5% copper in Quebec
Abitibi Metals (CSE: AMQ; OTC: AMQFF) says its first two drill holes at the B26 polymetallic deposit in northern Quebec bode well to earn most of the project from the…
Glencore opens new nickel-copper mine at Raglan
Glencore (LSE: GLEN) says its new Anuri underground mine at its Raglan nickel-copper operation in Nunavik, Que., will extend the nickel-copper operation’s mine life by at least 20 years. Raglan…
Feds must force pensions to fund Canadian mining, Lassonde, Giustra say
Ottawa has to pressure pension funds to invest billions in Canadian mining, a radical change from their almost non-existent stakes, if the industry is ever going to produce enough metals…
Glencore to sell stake in troubled New Caledonia nickel operation
Glencore (LSE: GLEN) said on Monday it will close and sell its stake in the loss-making Koniambo Nickel SAS (KNS) business it co-owns in New Caledonia, as a sharp drop…
Metals Acquisition IPO Down Under goes over forecast
Metals Acquisition (NYSE: MTAL.U) has raised A$325 million ($285 million) through a new listing in Australia that will help pay for the billion-dollar purchase of the CSA copper mine there. The…
Big backers see promise in Nunavut gold
BG Gold, flush with $8.2 million in a new private capital raising from major industry investors, is preparing to drill this spring at its Whale Cove project in Nunavut. …
Eldorado Gold buys 9.9% of Amex Exploration to boost Perron project in Quebec
Eldorado Gold (TSX: ELD; NYSE: EGO) is buying almost 10% of Amex Exploration (TSXV: AMX; US-OTC: AMXEF) to advance the Perron gold project in the same northern Quebec district as…