Chinalco bets $1.7B on Peru mine turnaround
Aluminum Corp. of China (Chinalco) is investing about $1.7 billion to overhaul its Toromocho mine in Peru, adding molybdenum output to drive a long-awaited turnaround. The upgrade at the site…
Southern Copper
Top 50 mining companies power through Iran war – up $250 billion in 2026
At the end of the first quarter the MINING.COM TOP 50* ranking of the world’s most valuable miners had a combined market capitalization of $2.41 trillion, up $250 billion so…
Peru OKs Southern Copper’s $1.8B Tía María
Southern Copper (NYSE, LSE: SCCO) has secured a long-awaited licence for its $1.8-billion Tía María copper project in Peru, marking a major step forward after years of social unrest and…
RANKED: Top 20 biggest copper mines 2025
The copper price hit a new 16 month high in London this week, while BHP (NYSE, LSE, ASX: BHP) is predicting global copper demand to grow by at least a…
RANKED: World’s biggest copper mines
Copper is the metal most tied to the global economy because of its essential role in sectors from transportation to manufacturing and electrification. A growing emphasis on clean energy means…
Southern Copper eyes 2027 start for $1.8B Tía María
Southern Copper (NYSE, LSE: SCCO) is pushing forward with its long-delayed Tía María copper mine in Peru, aiming to start production in 2027. The company, a subsidiary of mining giant…
Global mining index soars as China, US stimulus converge
The S&P/TSX Global Mining Index has gained 14% since Sept. 6 in its biggest jump this year after central banks cut interest rates, the United States signalled more battery metal…
Top 10: Freeport-McMoRan, Southern Copper lead US miners in size, profits
Freeport-McMoRan (NYSE: FCX) and Southern Copper (NYSE: SCCO) top the list of U.S. mining companies by market capitalization and net income as two titans of the copper sector. Freeport-McMoRan is…
NYSE gains July 24-28 as economic growth, declining inflation offset interest rate hike
U.S. markets rose moderately during the week after investors considered an interest rate increase by the Federal Reserve to be near its last in the cycle while inflation fell and…
U.S. markets rebound during Jan. 9-13 trading period
The Dow Jones Industrial Average gained an impressive 672 points or 2% during the Jan. 9-13 trading week to close at 34,302.61, and the S&P 500 gained 104.01 or 2.7%…
Foran’s ambitious net zero plans for McIlvenna Bay attract investors
Vancouver-based Foran Mining’s (TSXV: FOM) executive chairman and CEO Dan Myerson doesn’t want to build just one mine. He has designs on creating Canada’s next copper mining camp in the…
Blockade halts Southern Copper’s Cuajone mine in Peru
Operations at Southern Copper’s Cuajone mine in Peru have been suspended for 15 days as locals continue to block the company’s access to a water reservoir and other key supplies,…