Hochschild’s rare earths spin-off Aclara to start trading in Toronto
Aclara Resources will begin trading on the Toronto Stock Exchange under the ticker “ARA” on Dec. 10.
South America
MMG to shut down Las Bambas copper mine by mid-December
Chinese miner MMG will end copper production from its Las Bambas mine in Peru by mid-December following months-long road blockades that have prevented essential supplies from reaching the operation, forcing…
Yamana Gold ups production targets after find in Quebec
It expects gold output from its Canadian mines to reach 500,000 ounces a year by 2028 thanks to new mineralized zones found at Wasamac.
Global shift to ‘green steel’ will require US$278B investment by 2050: report
The global steel industry could be almost completely decarbonized by 2050 with an investment of US$278 billion in clean capacity and retrofits to existing production, according to BloombergNEF’s new report, Decarbonizing Steel: A Net-Zero Pathway. A move…
Renewables adoption speed still too slow to limit climate crisis — IEA
Growth in renewable energy is set to hit an all-time record this year, but is still falling “well short” of what is necessary to reach net zero emissions by 2050,…
Report: Large gold miners contributed US$38B in GDP to local economies in 2020
Large scale gold miners make a big contribution to local economies, with a research report released by the World Gold Council today putting some numbers to that contribution. According to the report, The Social and Economic…
UPDATED: Capstone Mining, Mantos Copper to merge
Canada’s Capstone Mining (TSX: CS) and Chile-focused Mantos Copper, run by British investment firm Audley Capital Advisors and Orion Mine Finance, are merging to form a new copper producer called Capstone Copper….
Hochschild to buy Amarillo Gold for control of Posse project, Brazil
London-based Hochschild Mining (LSE: HOC; US-OTC: HCHDF) has announced a $135 million cash offer to acquire Amarillo Gold (TSX: AGC; US-OTC: AGCBF). The offer, priced at 40c per Amarillo share,…
Auxico plans to build US$116M rare earth refinery in Colombia
Auxico Resources Canada (CSE: AUAG) is making plans to build a 10,000-sq.-metre rare earth refinery in the free trade zone in the city of Santa Marta, Colombia. With a throughput…
Inflation anxiety — what’s in store
The Q4 edition of The Northern Miner’s Global Mining Symposium on November 17 and 18 was another resounding success. The conference featured a top notch roster of guests from the…
South32 locks 45% stake in Sierra Gorda copper mine
South32 (LSE: S32; ASX: S32; JSE: S32) says it will proceed with the acquisition of a 45% stake in the Sierra Gorda copper mine in Chile, as project partner KGHM…
Peru’s mining policy snafu gives investment a bloody nose
Peru appears to have backtracked on a decision announced on November 19 that it would have forced the premature closure and block extensions of Hochschild Mining‘s (LSE: HOC; US-OTC: HCHDF)…