Teck Resources' copper output surged 74% in Q1, driven by Quebrada Blanca (QB) mine expansion in Chile. QB2 production, delayed by weather and COVID-19, saw increased costs.
Lundin Gold, has recently reached a significant milestone by fully repaying a debt of $330 million to Newmont Corporation. This strategic move positions Lundin Gold in a strong financial position and underscores its commitment to financial stability and growth in the sector.
BHP, one of the world's largest mining companies, has launched a bid to acquire Anglo American, a major player in the mining industry, in a deal valued at $39 billion. The offer underscores BHP's aggressive expansion strategy.
Vitol Group, Gunvor Group, and Mercuria Energy Group are expanding their metals divisions, seeking to invest record profits.
Various stakeholders in the sector witnessed firsthand the technological advancements and innovations of the underground mine and other processes.
These geochemical assays of exploration samples continue to support the immense potential harbored by the crown jewel.
The company starts drilling at Golden Summit, focusing on higher-grade gold zones. Building on 2023 success, they aim to enhance resource grade.
Western Alaska increases brokered offering to $7M from $5M in response to demand. Agents to sell up to 10,769,231 units at $0.65/unit.
Emirati engineering firm United Mining Projects Corporation (UMPC), operating through its subsidiary Marhen Lithium, has disclosed a substantial $550-million, four-year investment plan in Argentina's northwestern Catamarca province.
The chilean steel company, Huachipato, reverses suspension plan, implementing surcharges to address price distortions. Anti-Distortion Commission's provisional measures promote fair competition, urging institutional modernization.
The move is aimed at protecting environmentally sensitive regions and wildlife habitats from potential harm associated with resource extraction.
The recent surge in copper prices continues to gain momentum, signaling a potential for further growth in the market. This rally is driven by various factors, including increased demand for copper in industries such as electronics, renewable energy, and infrastructure.
Saudi Arabia is in advanced negotiations to acquire a stake worth nearly $1 billion in Barrick Gold Corporation's Reko Diq project in Pakistan. This, underscores Saudi Arabia's growing interest in diversifying its investment portfolio and strengthening its position.
Newmont has announced the appointment of François Hardy as Chief Technology Officer (CTO). François will be joining Newmont’s Executive Leadership Team, where he'll play a key role in enhancing operational performance and driving growth across the business.
The increase in copper production at BHP's Escondida was mainly due to a higher ore grade.
Lithium South, a leading player in the lithium industry, has announced an expansion of its production well drilling program. The company aims to bolster its lithium production capabilities through this strategic initiative.
This figure reflects the company's financial performance during the mentioned period, which can provide insights into its market positioning and its ability to generate income during that time frame.
Rio Tinto's executive, Bold Baatar, has announced a strategic shift towards prioritizing the development of copper mines rather than acquiring them outright.
The Head of State celebrated the transfer of over 93 billion pesos thanks to the Mining Royalty Law: "307 communes in the country will have fresh resources available, which will be decided in each territory, to address the urgencies and priorities that you define"
The latest report from Freegold Ventures highlights the conclusive results of their activities throughout 2023, emphasizing their ongoing success in expanding operations in the western region.
The price of copper has experienced a notable decrease, largely attributed to the release of unfavorable economic data regarding manufacturing activity in China.
BHP, a prominent player in the global mining industry, has issued a call to action for Chile's government to swiftly enact reforms aimed at simplifying the country's permitting procedures.
Vizsla Silver, a leading exploration company, is poised to bolster its portfolio with the acquisition of a substantial claim package situated along a highly promising structural trend, positioned to the south of Panuco.
As geopolitical uncertainties intensified, investors turned to gold as a refuge, driving its prices higher.
CleanTech Lithium's leadership crisis impacts Chile's lithium industry. Internal challenges hinder efficiency and market position.
In North Carolina, lithium mining has become a prominent example of how sustainable development can be achieved amidst community resistance.
As exploration continues to unfold, the company eagerly anticipates uncovering further insights into the geological potential of this promising project, aiming to contribute valuable findings to the global mining community.
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