Rio Tinto open to major acquisitions to meet copper goals
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) said on Wednesday it would contemplate a significant copper acquisition if it added exceptional value, but noted that buying quality assets in…
South America
BHP, Lundin grab Filo in US$3B South American copper deal
Mining giant BHP (NYSE: BHP; LSE: BHP; ASX: BHP) and Canada’s Lundin Mining (TSX: LUN) have teamed up to acquire South America-focused Filo Corp. (TSX: FIL), in a US$3-billion ($4.1…
Video: Mining faces cash crunch following decades of neglect, Grosskopf says
Undervaluation remains a persistent issue for mining companies, particularly juniors, compared to other sectors like technology and biotech, SCP Resource Finance chairman Peter Grosskopf said in an interview this month….
Video: ‘Big bang’ in commodity demand set to lift miners, Prins says
Global miners are set to benefit from rising needs for “real assets,” Nomi Prins, a macroeconomist and author of the newsletter PrInsights Global, says in a new interview. Global geopolitical…
BHP’s Spence copper mine in Chile now fully autonomous
BHP’s (NYSE: BHP; LSE: BHP; ASX: BHP) Spence copper mine in Chile has celebrated three months of being the company’s first fully autonomous operation, a status reached in April after…
Big Oil seizes lithium opportunities
Mining companies could benefit in cash and technology as major fossil fuel companies such as ExxonMobil (NYSE: XOM), Occidental Petroleum (NYSE: OXY) and Equinor (NYSE: EQNR) invest in lithium, a potential lifeline amid…
Video: AbraSilver focuses on Jack find in Argentina
AbraSilver Resource (TSXV: ABRA; US-OTC: ABBRF) is drilling to expand its Diablillos project in Argentina with a focus on the high-grade Jack deposit, CEO John Miniotis says in an interview….
Adventus wins permit challenge, but Silvercorp deal still in jeopardy
Copper-gold developer Adventus Mining (TSXV: ADZN) got a boost on Thursday after an Ecuador court knocked back a lawsuit challenging a key permit for the company’s flagship El Domo-Curipamba project….
Anglo American takes US$1.6B writedown on UK mine
Anglo American (LSE: AAL) swung to a loss in the first half of the year after taking a fresh US$1.6 billion writedown on its Woodsmith fertilizer project in the U.K.,…
Vale to develop low-carbon iron in Brazil, US and Middle East within a year
Three projects were already announced for Oman, Saudi Arabia, and the United Arab Emirates.
Vale Metals appoints mining veteran Shaun Usmar as CEO
Vale Base Metals, Vale‘s (NYSE: VALE) Canadian-based spinout of its metals business created last year, has appointed mining veteran Shaun Usmar as its new chief executive officer. Usmar brings over…
Solaris issues in-pit resource for ‘world class’ Warintza copper project in Ecuador
Solaris Resources (TSX: SLS; NYSE: SLSR) has provided a mineral resource estimate (MRE) for the in-pit portion of its Warintza project in southeastern Ecuador in support of an upcoming pre-feasibility…