Mitsubishi invests $20M in Marimaca Copper for 5% stake
Marimaca Copper (TSX: MARI) has secured a $20-million investment from Mitsubishi Corp. that will give the Japanese firm a 5% stake in the junior. Proceeds of the investment, which comes…
Copper
Rio Tinto invests US$498M in Kennecott copper underground
Rio Tinto (ASX: RIO) is strengthening its position in the U.S. copper supply chain by investing in its Kennecott mine near Salt Lake City, Utah. Underground production will be increased,…
Norway to open its waters to deep-sea mining
The Norwegian government outlined on Tuesday details of a plan to open its sea floor for commercial mineral exploration and extraction, targeting metals considered essential for the transition to a…
Hudbay triples land holding in Manitoba with Rockcliff buy
Canada’s Hudbay Minerals (TSX: HBM; NYSE: HBM) has inked a deal with Rockcliff Metals (CSE: RCLF; US-OTC: RKCLF) to acquire all the shares it doesn’t already own in the copper-focused…
Mining deal-making declines, but Beaty and others see opportunities
As the value of mining industry mergers and acquisitions falls from last year’s high, some investors see divergent trends moderating conditions. They say share prices are reasonable or low for…
TSXV edges higher during June 12-16 trading week
The S&P/TSX Venture Composite Index gained 3.5 points or 0.6% over the June 12-16 trading session to end at 613.82. This week’s top value gainer was Los Andes Copper which…
NYSE rises June 12-16 after US Fed pauses interest rate hikes
Stocks in New York gained during the June 12-16 trading week after the United States Federal Reserve held off raising interest rates for the first time in more than a…
TSX closes higher during June 12-16 trading week
Over the June 12-16 trading period, the S&P/ TSX Composite Index inched 83.31 points or 0.42% higher, to 19,975.37. The S&P/TSX Global Mining Index gained 2.26 points or 2.1% to…
Deep-South stock soars as it gets Namibia copper licence reinstated
Deep-South Resources (TSXV: DSM) is one step away securing the long-awaited renewal for its copper prospecting licence in Namibia that was denied by the country’s mines and energy ministry two…
Global Copper Snapshot: Eight companies keen to plug the copper supply gap
Copper is critical for a lower carbon future but as deposits are becoming harder to find and a supply deficit looms, miners are keen to find new sources of the…
Chile offers lithium policy details; to tender permits in first half of 2024
Almost two months after Chile first announced a national lithium strategy, the government has published a 33-page document providing details on the policy’s objectives, schedule and main expected milestones. Copper…
Los Andes Copper stock rises on Chilean court ruling
Los Andes Copper (TSXV: LA; US-OTC: LSANF) has been authorized to restart drilling at its flagship Vizcachitas project in Chile following a court ruling that lifted an injunction against the…