Filo Mining Corp has announced assay results from two holes at its ongoing drilling campaign at the Filo del Sol Project in Chile, where one hole contains the best copper equivalent (CuEq) result to date. Hole FSDH055C returned 1,337.5 metres at 1.33% CuEq from 150 metres,...
Chile’s state-run copper giant Codelco is preparing to offer the market some ‘non-core’ exploration assets, according to its vice president of mining resources and development, Patricio Vergara. Speaking at the CRU-CESCO World Copper Conference in Santiago yesterday, Vergara said the privatised assets could become eventual partnerships,...
TSX-listed Capstone Mining has completed its merger with Mantos Copper following receipt of all regulatory approvals, creating a new Americas-focused copper producer named Capstone Copper Corp. The previously agreed business combination stipulates that each Capstone common share be exchanged for one share of Capstone Copper. Following...
Copper developer Hot Chilli has announced the agreement of an offtake with leading commodity producer and trader Glencore for its Costa Fuego copper-gold project in Chile. The agreement with Glencore, Hot Chilli’s largest shareholder at 9.96%, covers 60% of Costa Fuego’s copper concentrate for an eight-year...
BHP will invest around US$79 million for a 5% share in Canadian junior Filo Mining Corp, which is developing a copper-gold-silver project straddling the border between Argentina and Chile. Vancouver-based Filo said on Monday it would issue 6.27 million common shares in a private placement to...
Australia’s South32 has completed the acquisition of a 45% stake in the Sierra Gorda copper mine in Chile from Japan’s Sumitomo Metal Mining and Sumitomo Corp, in a US$1.4 billion cash deal. The deal, originally struck in October 2021, includes a contingent price-linked consideration of up...
The world’s single largest copper producer – Chile’s Codelco – has committed all its sites to participate in the Copper Mark’s framework for sustainable production by the end of 2023. The Copper Mark is an independent assurance framework aiming to promote responsible practices, encourage strong ESG...
TSX-listed Marimaca Copper has announced the start of an infill drilling campaign at the Marimaca oxide deposit in Northern Chile near Antofagasta, while planning for a depth extension drill programme at another area of the project is close to being finalised. The explorer has completed the...
The National Mining Society (Sonami) of Chile has welcomed the country’s new leader Gabriel Boric after the 35-year old former law student swept to victory on Sunday night in a fiercely opposed presidential election. The industry body said voters ‘sent a clear message’ about the need...
Hochschild Mining has announced its intention to spin out and list its Chilean rare earth unit Aclara Resources on Toronto Stock Exchange (TSX). London-listed Hochschild said the move would allow it to tap new funding from the clean energy sector for its rare earth deposit while...