Global copper surplus swells — report
The world’s surplus of refined copper quadrupled in the first half of 2024 compared to a year ago following a growth in production and recovery in mine output, preliminary data…
South America
Vale pegs cost for carbon-free mining and steelmaking at over US$1T
Vale’s CFO said that the biggest challenge is to reduce the cost of the energy transition.
Aura Minerals delays Matupá construction for more drilling to expand gold resource
Aura Minerals (TSX: ORA) (OTCQX: ORAAF) says it’s delaying construction of its Matupá gold project in Brazil for more exploration to “significantly” expand the company’s resources. The Canadian miner withdrew…
People in Mining: Stephen Stewart’s tactical moves lift Ore Group on several fronts
A decade ago, Stephen Stewart launched Ore Group with a clear strategy: capitalize on distressed assets from the global financial crisis and develop them into high-potential projects. His approach has…
SQM profit falls 63%, sees more weak lithium prices
Chile’s SQM (NYSE: SQM), the world’s second-biggest lithium producer, reported a sharp 63% decline in quarterly profit on the back of slumping prices of the key metal used in the…
Heavy rains to threaten 25% of world’s copper projects by 2050
Copper extraction is crucial to the energy transition, but a quarter of sites mining the metal face a rising threat from the impacts of climate change by mid-century, according to…
Collective Mining fuses gold deposits into larger system at Guayabales in Colombia
Collective Mining (NYSE: CNL; TSX: CNL) says new drill results connect its Apollo and nearby Olympus deposits at the Guayabales project in Colombia, creating a mineralized system spanning about 1,000…
TNM Drill Down: Australia, Argentina top copper ranking
The Northern Miner has compiled the top 10 drill results year-to-date for major metals, including copper. Drill holes are ranked by copper grade x width. Drilling in the southern hemisphere…
Lithium Argentina shares rise as Ganfeng takes project stake
Lithium Argentina (TSX: LAAC; NYSE: LAAC) has completed the sale of a 14.9% stake in its Pastos Grandes lithium project in Salta province to China’s Ganfeng Lithium. The deal, which saw Ganfeng…
BHP and workers reach deal to end strike at Escondida
The new deal could be signed on Sunday after union leadership meets with members.
Video: Aurania pivots from Ecuador to Europe
Aurania Resources (TSXV: ARU; US-OTC: AUIF), led by a key member of the Aurelian Resources team that discovered the rich Fruta del Norte gold mine in Ecuador, is turning away…
G Mining sells first gold from Tocantinzinho
The project remains on schedule for commercial production in the second half of 2024.