BHP turns to mediation to avoid strike at Escondida
BHP (ASX: BHP; LSE: BHP; NYSE: BHP) plans to request the Chilean government mediate in talks with union leaders at Escondida to avert a strike at the operation, the world’s…
South America
Gold Fields buys into Torq’s copper project in Chile
Gold Fields (NYSE: GFI; JSE: GFI) may invest US$48 million to advance Torq Resources’ (TSXV: TORQ; OTC: TRBMF) early-stage Santa Cecilia copper-gold project in Chile, according to a preliminary joint venture agreement. …
Capstone Copper balances higher value, costs in updated Santo Domingo study
Capstone Copper (TSX: CS; ASX: CSC) increased the net present value of its fully-permitted Santo Domingo copper-iron-gold project in Chile by nearly a third while capital costs rose by more…
As majors thirst for copper, Filo bid premium seems awfully low
You might have seen the news: BHP (NYSE: BHP; LSE: BHP; ASX: BHP) has just made its next major copper grab. This time, it’s for the prized Filo del Sol…
Silvercorp drops objection to Adventus deal in wake of Ecuador court ruling
Silvercorp Metals (TSX: SVM; NYSE-AM: SVM) says it will proceed with its $200-million deal to acquire Adventus Mining (TSXV: ADZN), after a court challenge to the junior’s 75%-owned El Domo-Curipamba…
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…
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….