Codelco CEO leaves as copper giant faces lithium role, output slump
Codelco’s copper production has fallen this year more than 11% to at a 25-year low, despite investing about $3.5 billion a year to revamp its aging mines.
Copper
Hudbay Minerals, Copper Mountain shareholders approve merger
Hudbay Minerals (TSX: HBM; NYSE: HBM) and Copper Mountain Mining (TSX: CMMC) shareholders have approved the resolutions required to complete their planned merger. The deal hands Hudbay the Copper Mountain…
Cornish Metals to start dewatering South Crofty tin-copper mine
Cornish Metals (TSXV: CUSN; LSE: CUSN) is ready to start dewatering at its South Crofty tin-copper project in Cornwall, southwest England, as it moves closer to reopening the past producing mine….
Canadian Copper grabs majority stake in Murray Brook VMS project in New Brunswick
Canadian Copper (CSE: CCI) is acquiring a 72% stake in the Murray Brook project, located in New Brunswick’s Bathurst mining camp, from Votorantim Metals Canada. In return for the majority…
Arizona Metals probes copper-gold deposit at decades dormant Kay Mine
Arizona Metals (TSX: AMC; US-OTC: AZMCF) says its latest drill results show the potential to expand the old Kay Mine copper-gold deposit in Arizona, which hasn’t been mined in almost…
Appian sells nickel-copper mines in Brazil to ACG for US$1 billion
Private equity firm Appian Capital Advisory is selling its wholly owned Atlantic Nickel and Mineração Vale Verde operations in Brazil to ACG Acquisition Co. (LSE: ACG) for US$1 billion cash….
Ero Copper expands into nickel at Caraíba in Brazil, plans to double copper output
Brazil-focused Ero Copper (TSX: ERO; NYSE: ERO) is reporting new drill results for nickel targets at Caraíba as it advances the Tucumã project to double the company’s copper output by…
Fremont Gold options Vardenis project in Armenia
Fremont Gold (TSXV: FRE; US-OTC: FRERF) will earn up to a 100% stake in Mendia Resources, an Armenian company that holds the exploration licence over the Vardenis copper-gold project in…
GMS: Quebec touts millions of government funding for battery metal projects
Quebec is becoming known for mining project funding that hands out several hundred million dollars a year and promotes the province as a battery metals hotspot. The province’s funding structure…
Gladiator reports high-grade copper at Cowley Park in Yukon
Gladiator Metals (TSXV: GLAD; US-OTC: GDTRF) has intersected shallow copper skarn mineralization in its first drill program at the Cowley Park prospect, part of its Whitehorse Copper project in the…
Labour costs will soon beat oil as mine’s biggest expense, new data indicate
Labour costs are replacing oil products as a mine’s most expensive item as inflation impacts operating expenses more than capital costs, new reports show. Wages for some copper and gold…
Video: Why the time is right for Generation Mining’s Marathon project
Kerry Knoll, chairman of the board of Generation Mining, explains why the Marathon palladium-copper project in northern Ontario is a unique opportunity for Canada to build a reliable supply chain for…