Antofagasta halts Los Pelambres expansion project
Antofagasta (LSE: ANTO) has suspended a US$1.3 billion expansion at its Los Pelambres operation in Chile for an estimated four months as the coronavirus pandemic has made it impossible to…
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COVID-19 kills worker at First Quantum’s Cobre Panama mine
Panama’s Ministry of Health confirmed that one person has died at the Cobre Panamá operation due to complications caused by COVID-19. On Sunday, the government agency posted a tweet saying…
Spain allows Atalaya’s Riotinto copper mine to resume operations
Atalaya Mining (LSE: ATYM) has restarted its Riotinto copper mine in Spain after local authorities in Andalucía determined that mining operations supplying other essential industries should remain open. The Cyprus-headquartered…
Hudbay boosts gold reserves, production forecast in Manitoba
In its recent annual mineral reserve and resource update, mid-tier copper producer Hudbay Minerals (TSX: HBM; NYSE: HBM) provided some market optimism in the form of a major boost in…
TSX inches higher, March 30-April 3: Agnico, Aura Minerals, Newmont, NovaGold
The S&P/TSX Composite Index rose 1.98%, or 250.56 points, to finish the trading week at 12,938.30. The S&P/TSX Global Mining Index rose 3.61% to 66.80, while the S&P/TSX Global Base…
US markets drop, March 30-April 3: Consol Energy, Cameco, Rio Tinto, Kirkland Lake, Wheaton Precious Metals, Fortuna
The Dow Jones Industrial Average fell 2.70%, or 584.25 points, to 21,052.53 and the S&P 500 dropped 2.08%, or 52.82 points, to 2,488.65. Spot gold fell finished the week at…
TSX Venture falls, March 30-April 3: Gold X, Meridian, Revelo, Morien
The S&P/TSX Venture Composite Index lost 1.19% to finish the trading week at 383.94. Gold X Mining’s shares rose 20¢ to $1.53. The junior, which is advancing its Toroparu project…
Freeport ramps up security after attack kills employee near Grasberg mine
Freeport-McMoRan (NYSE: FCX) confirmed that one employee was killed and another employee and contractor were seriously injured in a shooting in Papua, Indonesia, near the company’s administrative offices in Kuala…
Commentary: Silver to struggle in 2020 due to COVID-19
The GFMS team at Refinitiv recently published its latest findings on the global silver market, highlighting the shift in supply and demand over the course of 2019 and provided provisional…
Brazil shuts 47 mining dams deemed unsafe
Brazil has ordered the immediate closure of 47 mining dams that failed to certify their stability, with more than half of them belonging to Vale (NYSE: VALE), whose Córrego do…
New Gold closes US$300M partnership with Ontario Teacher’s Pension Plan
New Gold (TSX: NGD; NYSE-AM: NGD) has closed a strategic partnership with the Ontario Teachers’ Pension Plan (OTPP) to acquire a 46% free cash flow interest in the company’s New…
Alberta lithium startups aim to ease transition to clean energy economy
Not so long ago, in situ oilsands production was little more than a dream in the eye of Alberta’s petroleum producers. Years of government and industry-funded research cracked that nut…