Cost of expansion at Rio Tinto’s Oyu Tolgoi rises again
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) flagged on Friday a cost increase of $300 million for the ongoing expansion of its massive Oyu Tolgoi copper-gold mine in Mongolia….
Canada
Rio Tinto invests US$188M to upgrade aluminum smelter in Quebec
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) is investing US$188 million to increase the production capacity for low-carbon, high-value aluminum billets at its Alma smelter in Lac-Saint-Jean, Que., by…
Barrick sees 5.4% bump in quarterly gold output; copper production up 18.8%
Barrick Gold (NYSE: GOLD; TSX: ABX) has reported its preliminary second quarter operating results, showing total gold production of 1 million oz. and copper production of 120 million lb. During…
Wallbridge spins out nickel assets to focus on gold
Wallbridge Mining (TSX: WM; US-OTC: WLBMF) is selling its nickel assets to Archer Exploration (CSE: RCHR) in an all-share deal worth $53.6 million. The company said it wants to focus…
Osisko Metals updates Pine Point PEA, showing zinc project with $602M after-tax NPV
Osisko Metals (TSXV: OM; US-OTC: OMZNF) has released an updated preliminary economic assessment (PEA) for its wholly owned Pine Point base metals project located near the town of Hay River,…
Rock Tech signs framework agreement with car maker in Germany
Rock Tech Lithium (TSXV: RCK; US-OTC: RCKTF) has signed a framework agreement with an unnamed global car maker headquartered in Germany to supply lithium hydroxide over an initial five-year period….
Ecuador court endorses environmental permits for Dundee’s Loma Larga
Dundee Precious Metals (TSX: DPM) has scored a win in Ecuador as a local court upheld the validity of the company’s environmental permits for exploration at its Loma Larga gold underground…
Pure Gold mulls company sale as part of strategic review
Cash-strapped Pure Gold Mining (TSXV: PGM; LSE: PUR) has kicked off a strategic review process that could involve a potential sale or merger of the company, a sale of all…
Tartisan releases positive PEA for Kenbridge underground nickel mine
Tartisan Nickel (CSE: TN; US-OTC: TTSRF) has announced results of a positive preliminary economic assessment for its flagship Kenbridge nickel project, adjusting the mine plan to focus solely on mining…
JV Article: The mining industry ‘needs to take a proactive approach to waste management,’ says A&M Remediation’s Paul Thususka
Mining companies generate large amounts of waste to produce economically viable metals. For instance, mining for copper, nickel, zinc, and lithium, essential metals for the global push towards decarbonization, can…
JV Article: Mining companies should approach digital transformation as a ‘marathon, not a sprint,’ says Cameco’s Mark Leach
Mining companies that embrace digital transformation can reduce their costs, boost profits, and improve safety and environmental performance, according to Mark Leach, vice-president of business technology services for Cameco (TSX:…
Video: A focus on corporate values can drive change in mining, says consultancy owner
ESG is something that needs to be integrated into the business rather than something on the side, and has evolved from “nice to have” to “must have,” said Orix Geoscience…