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…
Copper
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…
Teck’s $9.5B coal sale to Glencore set to close July 11
The federal government has approved the $9.5-billion sale of Teck Resources’ (TSX: TECK.A, TECK.B; NYSE: TECK) coal business to Swiss-based resource giant Glencore (LSE: GLEN). Teck agreed in November to sell the…
Copper to retest US$10,000 a tonne: Citi, BMO
Copper prices may rise past the US$10,000-per-tonne mark again in the coming weeks due to a Chinese smelter supply shortage and anticipated grid investments by the Asian giant, according to…
BHP cuts employee incentives by 20% globally – report
BHP (LSE: BHP; NYSE: BHP; ASX: BHP), the world’s largest miner is reportedly reducing by 20% short-term incentives offered for the 2023-24 fiscal year to all employees, the Australian Financial…
Orla files for arbitration against Panama and First Quantum could be next
Vancouver-based Orla Mining (TSX: OLA; NYSE: ORLA) has filed for international arbitration against Panama over the cancellation of permits for its Cerro Quema gold project. The company is seeking damages…
Site visit: Can Western Copper and Gold rise to its green challenges?
Near Carmacks, Yukon — Western Copper and Gold’s (TSX: WRN; NYSE-AM: WRN) Casino project sits at the potential junction of a trans-Canadian green power conduit while promising metals needed for the…
First Quantum shares gain after Panama orders copper mine audit
Shares in First Quantum Minerals (TSX: FM) rose 6.7% on Wednesday after Panama’s new president José Raúl Mulino said this week he would order an environmental study of the Cobre Panama…
Antofagasta updates on US$4.4B Centinela expansion
Chilean miner Antofagasta (LSE: ANTO) has started installing a second concentrator in a Centinela copper mine expansion aiming to increase the company’s total production of the wiring and plumbing metal…
Gold, copper equities to rise, metals flat: analysts
Stocks in certain gold and copper producers are expected to gain this year even as a surge in the metals’ prices subsides, BMO Capital Markets says. Investors may seek attractive…
Ivanhoe restarts Congo’s century-old Kipushi zinc mine
Kipushi has set its 2024 production guidance at between 100,000 and 140,000 tonnes of zinc in concentrate.
Get ready for more disputes about what’s ‘mine’ and theirs
Eleven years ago, The Northern Miner ran a story titled “How Mexico reclaimed its mantle as a top mining nation.” The piece recounted how the nation opened up investment and…