Rio Tinto names Shell’s Katie Jackson as new copper chief
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has appointed Katie Jackson, a former Shell executive, as the new head of the company’s copper division, based in London, U.K. Jackson,…
South America
Vale board members in a ‘state of war’ over CEO succession — report
The board of directors responsible for selecting the CEO of Vale (NYSE: VALE) is in turmoil, Brazilian newspaper O Globo reported. Last week, consulting firm Russell Reynolds, hired to assist the…
Marimaca Copper gets $68M injection from South Africa’s Assore
Chile-focused Marimaca Copper (TSX: MARI) said on Tuesday that South Africa’s Assore Group, is investing $68 million in the company through its subsidiary Assore International Holdings. Marimaca, which owns the…
Seabed mining body meets amid rising pressure for code
The International Seabed Authority (ISA) kicked off on Monday a two-week meeting expected to be pivotal as the UN body works on the world’s initial regulations for the mining activity,…
SolGold signs US$750M gold stream deal for Ecuador project
Franco-Nevada (TSX: FNV NYSE: FNV) and Osisko Gold Royalties (TSX: OR, NYSE: OR) have agreed to provide US$750 million in funding to SolGold (TSX: SOLG; LSE: SOLG) for its Cascabel…
RANKED: The world’s top 10 gold miners
Gold has re-emerged as one of the top asset classes of 2024, having risen by 12% year to date and shattered multiple records along the way. It is now well…
Nexa Resources in talks to sell Peru copper project
Latin America-focused Nexa Resources (NYSE: NEXA), which operates the largest underground zinc mine in Peru, Cerro Lindo, is in talks to sell its Pukaqaqa copper project in the Andean country. The miner said in a note to the…
Codelco eyes 10% stake in Teck’s QB copper mine
Chile’s state-owned copper giant Codelco is considering acquiring a 10% stake in Teck Resources’ (TSX: TECK.A, TECK.B; NYSE: TECK) Quebrada Blanca copper mine, currently held by state mining firm Enami,…
Aclara, VAC team up to boost REE magnets production
Rare earths developer Aclara Resources (TSX: ARA) has entered into a strategic alliance with magnets producer VAC to provide a “mine-to-magnets” solution, targeting the growing market for responsibly produced permanent magnets needed…
OTC-listed Chilean Cobalt inks Glencore offtake deal
Less than a month after landing a potential debt financing deal to redevelop its past-producing La Cobaltera project in northern Chile, Chilean Cobalt (US-OTC: COBA) has signed a letter of…
Silvercorp deal for Adventus hits roadblock
Silvercorp Metals (TSX: SVM) says it’s reviewing plans to acquire Adventus Mining (TSXV: ADZN) after a local lawsuit challenged the target company’s environmental permit for its project in Ecuador. The…
Opinion: Want more investors? Act local
The mining industry must boost its support of local communities if it’s ever going to attract enough investors for the world to meet climate-change fighting goals, a new survey and…