New Gold halts New Afton mine on tailings safety woes
Shares in New Gold (TSX: NGD; NYSE: NGD) fell more than 11% in Toronto on Thursday after it halted underground mining activities at its New Afton gold-copper mine in Kamloops,…
Copper
Antofagasta profit jumps despite lower copper prices, boosts dividend
Chilean miner Antofagasta (LSE: ANTO) posted on Thursday a 7.5% increase in half-year profit as higher copper sales more than offset lower prices for the metal, considered essential for the…
Ecuador’s president asks court to resume environmental consultations
Ecuador’s President Guillermo Lasso has asked the country’s constitutional court to revoke a decision issued last week to suspend a decree enabling environmental consultations prior to issuing mining licences. Popular…
Hudbay Minerals closes second quarter with $14.9 million loss
Hudbay Minerals (TSX: HBM; NYSE: HBM) reported a net loss of $14.9 million in the second quarter of the year as the Canadian company allocated resources to the acquisition of…
Site visit: Will Rio Tinto bet more on Western Copper and Gold’s Casino project in Yukon?
Near Carmacks, Yukon — Decision time for Western Copper and Gold’s (TSX: WRN; NYSE-AM: WRN) $3.6 billion Casino project in remote Yukon looms less than four months away. Rio Tinto…
Nunavut copper finds send Aston Bay Holdings shares jumping
Shares in Australian-Canadian exploration partners American West Metals (ASX: AW1) and Aston Bay Holdings (TSXV: BAY) shot to 12-month highs on Tuesday after announcing a major copper discovery at the…
How chilly relations with China are playing out for Canada’s miners
As the world’s largest metal consumer, the second largest economy in the world, and the largest funder of overseas metal projects, China’s impact on the mining business globally cannot be…
Capstone Copper building copper-cobalt district in Chile
By integrating its Mantoverde and Santo Domingo mines it expects to churn out 200,000 tonnes of copper and 6,000 tonnes of battery-grade cobalt a year.
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…
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…