Rio Tinto and Turquoise Hill get serious, ink binding takeover deal
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has inked a definitive arrangement with Turquoise Hill Resources (TSX: TQR) to buy the 49% of the Canadian miner it doesn’t already…
Copper
Spending details of $3.8B Critical Minerals Strategy expected in fall, says government
Details of how the federal government plans to spend its multi-billion dollar Critical Minerals Strategy will be announced sometime in the Fall, says Natural Resources Canada.The Strategy was announced in…
Turquoise Hill’s top five investor rejects Rio Tinto’s bid
Sailingstone Capital Partners, the fifth-biggest investor in Turquoise Hill Resources (TSX: TQR), is ready to put the brakes on Rio Tinto’s (NYSE: RIO; LSE: RIO; ASX: RIO) intended US$3.3 billion…
Moody’s cuts metals price calls amid slowing global growth
Credit rating firm Moody’s Investors Service has pared down its 12-month price outlook for a basket of metals and mining commodities, citing a global economic slowdown and softening demand. Essential…
Mining industry on track to meet decarbonization targets, say analysts
The availability of risk capital for miners is biased towards those with concrete plans for achieving net-zero emissions targets by 2030, says Keith Russell, global director for energy transition, purpose…
TNM Drill Down: Top Ten copper drill results year to date
Copper is known by several monikers: The red metal for its colour; Dr. Copper because its price is a reliable economic indicator; and now, the “green metal” for its central importance…
McEwen Copper completes US$81.9M financing, including US$25M investment by Rio Tinto
McEwen Copper, a subsidiary of McEwen Mining (NYSE: MUX; TSX: MUX), has closed the third and final tranche of its previously announced private placement of common shares priced at US$10 each….
Turquoise Hill agrees to beefed up US$3.3B offer from Rio Tinto
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has reached an in-principle deal with Turquoise Hill (TSX: TQR) to buy the 49% of the Canadian miner it doesn’t already own…
Quebec Nickel drills greater than 1% nickel at Ducros project
Ultramafic rocks mineralized with nickel, copper and platinum group elements that were discovered at surface and drilled in the mid-2000s are now getting a more fulsome examination in a 20,000-metre drill…
Junior exploration sector poised for value investment, say analysts
The beaten-down junior mining complex currently sits at an attractive investment entry point as the sector continues to trade lower relative to gold and other equities, Haywood Capital Markets analysts…
Chile’s President says proposed mining tax, criticized as ‘extreme and dogmatic’, up for discussion
Chile’s President Gabriel Boric said late on Tuesday he is open to discuss changes in the country’s tax law that would affect the mining sector as lawmakers are scheduled to…
Nexa Resources halts Peruvian zinc mine due to blockade
Latin America-focused Nexa Resources (NYSE: NEXA) has halted its Atacocha San Gerardo open pit zinc mine in Peru due to a road blockade by a local community. The zinc producer, controlled by…