The biggest global mining news of 2023
The mining world was pulled in all directions in 2023: the collapse of lithium prices, furious M&A activity, a bad year for cobalt and nickel, Chinese critical mineral moves, gold’s…
Teck Resources
Solaris taps US$80M Orion financing to advance Warintza copper project in Ecuador
Solaris Resources (TSX: SLS; US-OTC: SLSSF) has secured US$80 million in funding from Orion Mine Finance Management for the Warintza copper-gold project in Ecuador. The deal is made up of US$60…
Arras, Teck join forces in hunt for critical minerals in Kazakhstan
Arras Minerals (TSXV: ARK) announced Thursday that it has formed a strategic alliance with Teck Resources (TSX: TECK.A, TECK.B) to explore for critical minerals within Arras’ land package in Pavlodar,…
Teck sells coal assets to Glencore, steelmakers for US$8.9B to focus on copper
Teck Resources (TSX: TECK.A, TECK.B; NYSE: TECK) is selling its coal assets to Glencore (LSE: GLEN) and two Asian steelmakers for US$8.9 billion, Teck said on Nov. 14. Under the deal, which still must…
CMS: McCluskey’s brush with death and longer mine-life
First the market ran over him, then a truck. This is how John McCluskey hit bottom and bounced back. It was 1999 and the dot.com bubble was already sucking the…
Teck faces $11M fine for alleged breach of enviro permit in Chile
Teck Resources (TSX: TECK.A | TECK.B; NYSE: TECK), Canada’s largest diversified miner, is facing two charges from Chile’s environmental regulator SMA for alleged breaches of its permit at the Carmen…
CMS: Bring new openness to innovation, diversity, future-of-mining panel says
The future of the industry depends less on creating everything anew and more on using what is already known in new ways, mining leaders said on Thursday in London. Innovation…
CMS: Ex-Teck CEO Lindsay touts coal sale to boost stock
Don Lindsay, who led Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK) for 17 years, backed the company’s case behind selling coal assets to recoup billions in valuation. Teck’s Quebrada Blanca 2…
Site visit: American Eagle Gold flying high on NAK copper-gold discovery
Explorer American Eagle Gold’s (TSXV: AE; US-OTC: AMEGF) NAK copper-gold discovery in British Columbia may be early stage, but the project has both investors and its own geologists excited. During…
Surprise: mine spending grows in Mexico despite new law, Obrador’s populist tilt
What’s happening in Mexico? Corporate mining project investments soared this year in the world’s largest silver producer even as the government targeted companies in a tough new law a year…
Hudbay Minerals closes second quarter with $14.9 million loss
Hudbay Minerals (TSX: HBM; NYSE: HBM) reported a net loss of $14.9 million in the second quarter of the year as the Canadian company allocated resources to the acquisition of…
Newmont teams with Teck on Galore Creek development
NovaGold Resources (TSX: NG; NYSE: NG) said on Jul. 27 it has received a further US$25 million payment from Newmont (TSX: NGT; NYSE: NEM) as part of the major’s acquisition…