In charts: Copper project pantry bare from 2025
Bank of America (BofA) Global Research analysts expect the copper market to flip back to a deficit from 2025 onwards following the completion of the current wave of project buildouts,…
South America
South32 completes Sierra Gorda stake buy
South32 (LSE: S32; ASX: S32; JSE: S32) has completed the acquisition of a 45% stake in the Sierra Gorda copper mine in Chile from Japan’s Sumitomo Metal Mining and Sumitomo…
Antofagasta profit, dividend hit records on soaring copper prices
Antofagasta (LSE: ANTO) saw profit surge to its highest ever last year on soaring copper and molybdenum prices, allowing it to pay the biggest dividend in the Chilean miner’s 134-year…
Brazil’s Minas Gerais state to sell stake in lithium miner
Brazil’s minerals and metals-rich state of Minas Gerais is looking to sell its 33.3% stake in Companhia Brasileira de Lítio (CBL), the country’s only producer of lithium carbonate and hydroxide. The state’s…
First Quantum hopes for speedy Cobre Panama contract renewal
First Quantum Minerals (TSX: FM) is hoping a new contract for its flagship copper mine in Panama will be approved soon, after negotiations with the government ended last month, with…
World Copper PEA for Escalones offers post-tax NPV of US$1.5B, payback in 2.2 years
World Copper (TSXV: WCU; US-OTC; WCUFF) has released a positive preliminary economic assessment for its Escalones copper project. The property is within the renowned Chilean porphyry copper bet that runs…
Iamgold appoints activist investor’s nominees to board
Iamgold (TSX: IMG; NYSE: IAG) has appointed three independent directors to its board after reaching an agreement with Resource Capital Fund VII, managed by a U.S. investment fund that launched…
Advanced Marimaca project still in the ‘early stages of discovery,’ says CEO
Marimaca Copper (TSX: MARI) is confident its namesake discovery in northern Chile near Antofagasta is still in the discovery phase despite a feasibility study forthcoming by year-end and a construction…
Newmont buys out Yanacocha partner Buenaventura for US$300M+
Newmont (TSX: NGT; NYSE: NEM) is buying out its partner, Compañia de Minas Buenaventura, at the producing Yanacocha gold-silver-copper mine in Peru. The gold miner has offered US$300 million up…
MMG to halt Las Bambas copper mine by Feb 20 amid fresh blockade
MMG (HKG: 1208) said today that it will have to halt production at its Las Bambas copper mine in Peru by February 20, following a new blockade of the road…
Peru copper output up almost 7% despite social unrest
Copper output in Peru, the world’s second-largest producer after Chile, increased almost 7% to 2.3 million tonnes in 2021 despite several protests that paralyzed some of the country’s key operations. …
Colombia to open gold, coal assets up for bids
Colombia will begin taking offers in its first bidding round for gold and copper exploration contracts before the end of March, the government said this week, as part of ongoing…