BHP scraps US$2.5B Olympic Dam expansion plan
Mining giant BHP (NYSE: BHP; LSE: BHP) has shelved a planned US$2.5 billion expansion of its Olympic Dam copper, gold and uranium mine in South Australia, after studies of the…
South America
Copper snapshot: Eight companies with promising assets
With rising prices, a favourable supply-demand outlook and few new mines in development, investors are paying close attention to copper. Here are eight companies developing the next generation of projects….
Lundin Mining to halt Candelaria after union talks fail
Lundin Mining (TSX: LUN) will suspend operations at its Candelaria copper mine in Chile after failing to reach a deal with a second union, representing about 550 workers, which will…
Kinross Gold mulls sale of Americas mines
Canadian miner Kinross Gold (TSX: K; NYSE: KGC) is said to be studying a sale of its gold mines in North and South America and moving its primary stock listing…
TSX Venture falls, Oct. 12-16
The S&P/TSX Venture Composite Index fell 0.95%, or 6.94 points, to finish the Oct. 12-16 trading week at 725.31. Spot gold dropped US$30.90 per oz., or 1.60%, to US$1,899.70 per…
Chakana Copper drills Soledad project in Peru
Chakana Copper (TSXV: PERU; US-OTC: CHKKF) has launched a fully-funded, 15,000-metre drill program at its Soledad copper-gold-silver project in Peru, with a target date of March 2021 to release its…
SQM aims to cut water, brine use by 50%
Chile’s SQM (NYSE: SQM), the world’s second largest lithium producer, will voluntarily cut its use of fresh water and brine from the Atacama desert to mitigate the overall impact of its operations…
Sumitomo to sell stake in Sierra Gorda copper mine
Japanese miner and smelter Sumitomo Metal Mining is reviewing its strategic options regarding its minority stake in the Sierra Gorda copper mine in northern Chile, majority owned by Polish miner…
Gold rally lifts top 50 mining stocks above US$1T for first time
MINING.COM’s ranking of the world’s 50 largest mining companies based on market value shows an industry recovering from its Covid-19 slump and moving into positive territory for the fourth quarter…
K+S sells Americas salt business for US$3.2B
German fertilizer producer K+S AG has sold its Americas salt unit to the Kissner Group for US$3.2 billion, a move that would provide the company with funds to pay down…
Aussie gold miner Newcrest to begin trading on TSX
Following its acquisition of a 70% stake in the Red Chris copper-gold mine in British Columbia last year, Australia’s largest listed gold miner, Newcrest Mining (ASX: NCM), will begin trading…
Regulus partners with Osisko Gold Royalties on AntaKori in Peru
Regulus Resources (TSXV: REG; US-OTC: RGLSF) and Osisko Gold Royalties (TSX: OR; NYSE: OR) have announced a strategic partnership that grants Osisko rights on existing royalties covering claims on Regulus’ AntaKori copper-gold-silver project…