JX Nippon increases ownership in troubled Caserones copper mine
Japan’s top smelter, JX Nippon Mining & Metals, is buying a stake in its majority-owned Caserones copper mine in Chile, which was put up for sale on Nov.9 by its partners in the…
South America
US markets slump, Oct. 26-30
The Dow Jones Industrial Average slumped 6.47% to finish the week at 26,501.60, and the S&P 500 fell by 5.64% to 3,269.96. Spot gold dropped US$22.70 per oz., or 1.19%,…
Teck profit drops 67% on weak coal prices
Teck Resources (TSX: TECK.A/TECK.B; NYSE: TCK), Canada’s largest diversified miner, saw its third-quarter adjusted profit fall by 66.6% as steelmaking coal prices collapsed in the period and Covid-19-related restrictions continued…
Newcrest expands access to North American capital with TSX listing
Following its listing on the Toronto Stock Exchange on Oct.13, Newcrest Mining (TSX: NCM; ASX: NCM), Australia’s largest gold producer, hopes to improve the company’s global visibility and increase its North American…
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…
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…