In charts: Copper project pantry bare from 2025
Bank of America (BofA) Global Research analysts expect the copper market to flip back to a deficit from 2025 onwards following the completion of the current wave of project buildouts,…
Australia, NZ & South Pacific
South32 completes Sierra Gorda stake buy
South32 (LSE: S32; ASX: S32; JSE: S32) has completed the acquisition of a 45% stake in the Sierra Gorda copper mine in Chile from Japan’s Sumitomo Metal Mining and Sumitomo…
Resolute Mining ups Mali gold project resource estimate by 40%
Resolute Mining (ASX: RSG; LSE: RSG) has increased the measured and indicated resource estimate for its Tabakoroni gold deposit in Mali by 40%. The Western Australia-based miner said the asset,…
Gates, Bezos-backed firm gets cash injection to find battery metals
KoBold Metals, a start-up backed by a coalition of billionaires including Bill Gates and Jeff Bezos, has raised $192.5 million in its latest financing round, which will allow it to speed…
Anglo American switches on new met coal mine in Australia
Anglo American (LSE: AAL), which divested its thermal coal mines last year after pressure from investors, has achieved the first longwall shear at its Aquila metallurgical coal mine near Central…
BHP to cut emissions by 30% with first LNG-powered bulk carrier
BHP (NYSE: BHP; LSE: BHP; ASX: BHP) has taken a key step towards its goal of reaching net-zero by 2050 after receiving the first of five LNG-powered carriers to transport…
Perseus Mining secures key stakes in two African gold assets
Perseus Mining (TSX: PRU; ASX: PRU) has struck a deal to acquire a 15% stake in Canadian junior Orca Gold (TSX: ORG) from Resolute Mining (ASX: RSG), which will give…
Macassa #4 shaft reaches 1,950 metres, to be completed late 2022
Kirkland Lake Gold (TSX: KL; NYSE: KL; ASX: KLA) announced that the new, $240 million #4 shaft at its Macassa gold mine reached its planned depth of 1,950 metres on…
JV Article: CopperCorp targets iron-oxide copper-gold deposits in Tasmania, Australia on a district scale
Copper is a key commodity of the future, with demand forecast to outstrip supply over the next decade as the world ramps up the race to decarbonize and transition to…
Silver Lake Resources grabs troubled Harte Gold
Australia’s Silver Lakes Resources (ASX: SLR) said on Friday it had won the bid for Harte Gold (TSX: HRT), whose sole asset is the three-year-old Sugar Zone mine in Ontario, Canada….
Newcrest expands footprint in Canada with Pretium buy
Newcrest Mining (ASX, TSX: NCM) is expanding its footprint in Canada, particularly in British Columbia’s Golden Triangle, after shareholders in Pretium Resources approved the Australian miner’s bid for the company….
Terra Uranium signs option deal with CanAlaska for two uranium projects in Saskatchewan
Australia’s Terra Uranium has signed a deal to earn up to an 80% interest in CanAlaska Uranium’s (TSXV: CVV; US-OTC: CVVUF) 100%-owned Waterbury East and McTavish projects in Saskatchewan’s Eastern Athabasca Basin. Under the option agreement Terra can earn an…