Ecuador court issues setback for US$3B copper project
Licence has not been revoked, which means there’s still a chance for the Llurimagua project to become Ecuador’s next big copper mine.
Intelligence
First Quantum to shut Ravensthorpe nickel mine
Canadian miner First Quantum Minerals (TSX: FM) has decided to close its Ravensthorpe nickel operation in Western Australia. The ceasing of operations at the mine this week will cut around…
Anglo American rejects BHP’s ‘undervalued’ US$39B bid
Anglo American (LSE: AAL) has rejected a US$39 billion takeover proposal from BHP (LSE: BHP; NYSE: BHP; ASX: BHP) that requires Anglo to divest its platinum and iron ore businesses…
Rio Tinto to favour building new copper mines over M&A, exec says
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) will prioritize developing new copper mines over acquiring new ones to achieve its goal of producing 1 million tonnes of the metal…
Paladin Energy kicks off uranium production at restarted mine in Namibia
Paladin Energy (ASX: PDN) says it’s begun producing and drumming uranium concentrate at its Langer Heinrich mine in Namibia, adding it would now focus on ramping up operations and building…
Endeavour’s probe into former CEO finds US$15M of “disguised” payments
An internal investigation into Endeavour Mining’s (TSX: EDV; LSE: EDV) former chief executive Sébastien de Montessus has concluded he intentionally concealed payments totalling US$15 million to an undisclosed third party…
Northern Star seeks to expand the already massive gold ‘Super Pit’
Northern Star Resources (ASX: NST), the owner of Western Australia’s biggest open-pit gold mine, the Super Pit, is seeking approval for a significant expansion to the already massive operation. The…
Glencore’s carbon emission jumped 8.8% in 2023, reveals new climate plan
Mining and commodities trader Glencore (LSE: GLEN) has reported an 8.8% in its carbon emissions for 2023 as a consequence of expanding coal production and restarting an oil refinery in…
TNM Drill Down: Southern Cross hits best Sunday Creek gold yet
Our TNM Drill Down features highlights of the best gold assays from the March 1-8 period. Drill holes are ranked by gold grade x width as identified by data company Mining…
BHP becomes first miner in Chile to reach 40%+ female workforce
Women now represent 40.8% of BHP‘s (NYSE: BHP; LSE: BHP; ASX: BHP) staff in Chile, making it the first miner in the country to reach this benchmark. The company, which…
Zijin to expand Tibet copper mine expected to be world’s largest
China’s Zijin Mining Group announced on Friday that is going ahead with the second phase of a major expansion at its Julong copper project in Tibet, after receiving government approval. The…
First Quantum inks US$500M offtake amid Panama turmoil
First Quantum Minerals (TSX: FM) says it’s landed a US$500-million offtake agreement with its largest shareholder, China’s Jiangxi Copper, to help shore up finances shredded by its Cobre Panama mine…