Copper price won’t top $11,000 for long: Goldman
Goldman Sachs Group is seeking to curb enthusiasm over copper’s record-breaking rally, saying the metal’s breakout above $11,000 a tonne is unlikely to last as global supplies remain adequate. In…
copper
Ivanhoe sees 2026 Kakula copper output below 2024
Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) said copper output next year at its Kamoa-Kakula complex in the Democratic Republic of Congo should lag 2024 levels even as efforts to rehabilitate the…
Glencore cuts 2026 copper target, plots long-term jump
Mining and commodities giant Glencore (LSE: GLEN) plans to expand annual copper production to about 1.6 million tonnes by 2035 as it seeks to reverse a multi-year slump in output….
Ivanhoe Electric gets $200M loan for U.S. copper mine
Ivanhoe Electric (NYSE-A, TSX: IE) says it’s secured a $200 million (C$280 million) bridge loan from a bank syndicate amid a push to build the next major United States copper…
Marimaca oxide project gets Chile environmental nod
Marimaca Copper (TSX: MARI, ASX: MC2) says it has received formal environmental approval to develop its flagship oxide project in northern Chile, placing it closer to construction-ready status. The Marimaca…
Solaris values Ecuador copper mine at $4.6B
Swiss mine developer Solaris Resources (TSX: SLS; NYSE: SLSR) says a prefeasibility study shows its Warintza copper-gold project in southeastern Ecuador would generate an after-tax net present value of $4.6 billion (C$6.4…
Glencore, Quebec refute smelter shutdown report
Glencore (LSE: GLEN) and Quebec have denied a Reuters report that the company was planning to shut down its Horne smelter in the province — Canada’s largest copper-metal producing plant…
Osisko says Gaspé assays expand copper deposit
Osisko Metals (TSX: OM; US-OTC: OMZNF) said new drilling at its flagship Gaspé project in eastern Quebec yielded multiple occurrences of copper in the deposit’s core. Hole 30-1119 cut 46…
Could Barrick’s next CEO break up the company?
Spinning off Barrick Mining’s (TSX: ABX; NYSE: B) U.S. assets into a new company or exploring a merger with Newmont (NYSE: NEM) are some of the key options that the…
Aldebaran spins out greenfield assets in Argentina
Aldebaran Resources (TSXV: ALDE; US-OTC: ADBRF) has officially spun out its exploration-stage assets in northern Argentina while it continues to work on the more advanced Altar project in San Juan…
Over 25% of copper supply facing ESG hurdles: study
About 6.4 million tonnes of copper production capacity, equal to more than one-quarter of global mine output, are stalled or suspended due to environmental, social, and governance (ESG), a new…
Freeport says all missing workers at Grasberg have died
Freeport-McMoRan (NYSE: FCX) said all seven workers who went missing at the Grasberg copper mine in eastern Indonesia during a mudslide that halted production at the site last month have…