US Department of Energy upgrades copper’s status to ‘critical’
The U.S. Department of Energy (DOE) this week officially added copper to its Critical Materials list, marking the first time a U.S. government agency has included copper on one of…
Copper
What’s driving gold miners’ copper craze?
Gold miners have never been more bullish. But not on gold — on copper. The red metal is one of the driving forces behind Newmont’s takeover of copper-rich fellow gold…
Canadian deep-sea miner TMC to seek licence in 2024
Canada’s The Metals Company (NASDAQ: TMCWW) is ready to apply next year for a licence to start mining the seabed, with production expected to start as early as the fourth quarter of…
Midnight Sun looks to Zambian copper giants next door to solve Solwezi puzzle
Al Fabbro has been looking for answers for a decade now, ever since Midnight Sun Mining (TSXV: MMA) acquired the Solwezi copper project in Zambia. The chief executive believes that Solwezi…
Ecuador court halts referendums on mining, oil projects
Ecuador’s constitutional court has temporarily suspended President Guillermo Lasso’s decree allowing environmental consultations for mining and oil projects, which sought to speed up permitting before the end of his term…
China’s overseas metals and mining investment to hit record in 2023, says report
New research data shows that China’s metals and mining investments overseas are on track to hit record levels this year, as the country locks in its position as the dominant…
Rio Tinto, Codelco join forces to find more copper in Chile
Chilean state copper company Codelco is partnering with Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) to explore the Australian miner’s recently acquired Agua de la Falda copper asset in…
NYSE gains July 24-28 as economic growth, declining inflation offset interest rate hike
U.S. markets rose moderately during the week after investors considered an interest rate increase by the Federal Reserve to be near its last in the cycle while inflation fell and…
TSX wrap for week of July 24: Base metals rise, Global Atomic shares drop
Over the July 24-28 trading period, the S&P/TSX Composite Index lost 28.14 points or 0.14%, to 20,519.37. The S&P/TSX Global Mining Index added 1.13 points or 1% to 110.62 and the S&P/TSX…
Glencore buys Pan American’s stake in Argentinean copper project
Glencore (LSE: GLEN) is buying out a 56% stake in Argentina’s MARA copper project from its partner Pan American Silver (TSX: PAAS; NYSE: PAAS) for US$475 million, as part of…
Chile’s Supreme Court awards $1.4M to 31 of the 33 miners trapped in 2010
Chile’s Supreme Court awarded $1.4 million to 31 of the 33 miners that were trapped for two months, back in 2010, 700 metres below the surface in the San José…
Hudbay’s Snow Lake discovery could stretch mine life past 2038
The first discovery in a decade at Hudbay Minerals’ (TSX: HBM; NYSE: HBM) Lalor mine in Snow Lake, Man., has given it a run at finding another anchor deposit to…