Copper price nearing US record as premium doubles, Shanghai stockpiles drop 82%
Copper surged to its highest in more than a month on Tuesday as evidence of a tightening physical market in China piled up and traders rebuilt bets that Washington will…
Teck Resources
Acid test: IEA warns copper supply outlook has “worsened considerably”
Copper’s sulphuric acid market has been thrown into chaos by the Middle East conflict and Beijing’s export ban, according to the International Energy Agency, which warns the metal faces “a…
Ottawa invests up to $400M in Teck’s Trail plant for germanium output
Canada’s federal government is investing a potential $400 million as part of an $850-million total investment in Teck Resources’ (TSX: TECK.A, TECK.B; NYSE: TECK) Trail processing facility in British Columbia…
Mine operators face worsening wildfire seasons
With drought conditions persisting across parts of British Columbia and forecasters calling for a warmer-than-average summer amid a looming El Niño, mining companies are preparing for a wildfire season that could…
Ottawa’s $500M Red Chris bet tests BC grid
Ottawa’s $500-million (US$352 million) contribution to Newmont’s (NYSE, ASX: NEM; TSX: NGT) proposed Red Chris Block Cave has turned British Columbia’s northern power shortage into a live test of Canada’s…
South32 sells aluminum businesses to Alcoa for $5.6B
Australia’s South32 (ASX: S32) has agreed to sell nearly its entire aluminum portfolio to Alcoa (NYSE: AA; ASX: AAI) in a deal valued at up to $5.6 billion (C$7.9 billion)….
Mining influencers take industry’s image battle to TikTok
As the mining industry asks how it can defend its reputation amid a critical and activist-oriented narrative prevailing in the West, young people in mining are taking it upon themselves to counter that narrative using smartphones and social media to tell…
Canterra expands Lundberg target at Buchans copper-zinc project
Drilling at Canterra Minerals’ (TSXV: CTM; US-OTC: CTMCF) past-producing Buchans polymetallic project in Newfoundland showed copper-rich continuity across the Lundberg target and confirmed a high-grade sulphide lens at the Two…
Bunker Hill graduates to TSX
Investors and Bunker Hill Mining (TSX: BNKR; US-OTC: BHLL) management celebrated the company’s graduation to the TSX main board this month at the TMX Group’s Market Centre in Toronto. With…
SME New York: Critical minerals boom lifts dealmaking
Global mining M&A is gaining momentum this year, driven by a surge in critical minerals deals, rising government intervention and a shift towards supply chain security, speakers said this week…
Anglo exits coal in $3.9B Dhilmar sale
Anglo American (LSE: AAL) has agreed to sell its Australian steelmaking coal business to privately held Dhilmar for as much as $3.875 billion (C$5.3 billion), completing its exit from the…
Titan, Teck seek germanium from zinc tailings
Titan Mining (NYSE-A: TII) says it is evaluating potential germanium production from its U.S.-based zinc mining in partnership with Teck Resources (TSX: TECK.A, TECK.B; NYSE: TECK). Titan and Teck envision…