Copper supply gap to emerge in second half of the decade, new report says
After hitting a new record of US$4.88 per lb. on May 10, LME cash copper prices are expected to average US$4.20 per lb. in 2021 and US$3.96 per lb. in…
Teck Resources
Solaris Resources reports high-grade intercepts at Warintza in Ecuador
Solaris Resources (TSX: SLS; US-OTC; SLSSF) has reported the latest assays from its flagship Warintza copper-gold project in south-eastern Ecuador, about 85 km east of the city of Cuenca. The company…
Canada’s Top Ten miners by market cap
Canada is considered one of the world’s premier mining jurisdictions thanks to its refined financial services industry, skilled workforce and robust regulatory environment. The Toronto Stock Exchange is the world’s…
Teck on track to double copper output by 2023, Don Lindsay says
Teck Resources (TSX: TECK.A/TECK-B; NYSE: TECK) is preparing to double its copper output by 2023 to take advantage of accelerated metal demand from global economic growth and the transition to…
First Quantum sells 30% stake in Ravensthorpe to POSCO for US$240M
First Quantum Minerals (TSX: FM) is selling a 30% stake in its Ravensthorpe nickel operation in Western Australia to South Korean steel giant POSCO for US$240 million. The funds will…
World’s top 10 biggest copper mines
Copper, the highly conductive red metal vital to the manufacturing of products essential to the electrification of the world’s energy systems is also used in heating, cooling, electronics, power generation…
Proposed new royalty unsettles miners in Chile
The return of high copper prices has come in the nick of time for Chile, but as the price for the red metal rallies, politicians believe the mining industry could…
TSX slightly up, April 26-30
The S&P/TSX Composite Index rose 0.03% to 19,108.33 during the April 26-30 trading week. The S&P/TSX Global Mining Index slipped 3.78% to 106.88, and the S&P/TSX Global Base Metals Index…
In the midst of a presidential election, Peru mining sector reports mixed results
US markets slip, March 15-19
The Dow Jones Industrial Average dropped 0.46% to finish the week at 32,627.97 and the S&P 500 fell 0.77% to 3,913.10. Spot gold fell by US$17 per oz., or 0.98%, to…
TSX posts modest dip, Feb. 15-19
The S&P/TSX Composite Index fell 75.93 points (0.41%) to finish the Feb. 15-19 trading week at 18,384.27. The Global Base Metals Index rose 10.2% to 169.75 and the Global Mining…
Interview: Chile’s Minister of Mines and Energy prepares for new cycle of expansion
As copper prices hit their highest level in almost a decade, Chile’s mining industry is preparing for a new cycle of expansion. “We hope that if the price cycle remains…