ASX-listed junior explorer Encounter Resources has received endorsement for its Elliott copper project in Australia’s Northern Territory from BHP, with the two companies forming a joint venture (JV). Mining giant BHP can earn up to 75% interest in the project by funding US$16 million over 10...
Pan American Silver has increased the resource estimate at its polymetallic La Colorada skarn deposit in Mexico by 38% in the Toronto-listed company’s latest market update. The inferred resource now stands at 100.4 million tonnes (Mt), grading 44 grams per tonne silver, 0.2% copper, 1.77% lead...
TSXV-listed Lara Exploration earlier this week reported that mining and processing have started at its Celesta copper project in Northern Brazil, with first concentrates to be shipped in early August. The mining programme at Celesta will initially focus on the Osmar target, which has an indicated...
China Molybdenum Co (CMOC) has reached a deal with Triple Flag Precious Metals Corp that will see the latter pay US$550 million for future gold and silver production from the former’s Northparkes copper mine in Australia. CMOC, which is listed in Shanghai and Hong Kong, will...
The world’s 50 most valuable mining companies added US$249.5 billion in market capitalisation over the three months to end June, following collective losses of $282 billion in the first quarter due to the COVID-19 pandemic. The sector’s recovery in Q2 was driven by a significant rally...
China’s Zijin Mining Group Co said on Sunday it would pay US$548 million to acquire a majority stake fellow Chinese mining group Tibet Julong Copper Co Ltd. Zijin will take a 50.1% stake in Tibet Julong, which owns rights to two copper deposits in Tibet: The...
Lithium Australia, Australian Vanadium and Mercator Metals have formed an alliance to undertake exploration activities targeting nickel-copper-platinum group elements (Ni-Cu-PGE) mineralisation at the Coates Mafic Intrusive Complex in Western Australia. The companies’ tenements in the region adjoin each other and are known as the Coates project,...
Mining activity is set to recommence in Latin American mining hubs Mexico and Ecuador following a relaxation of extensive operational shutdown orders to prevent the spread of COVID-19. In Mexico, the government had previously ruled mining a non-essential business on March 31 and suspended activities until...
SolGold has reached a US$150 million net smelter return (NSR) agreement with Franco-Nevada for its Alpala copper-gold deposit, the main target in its Cascabel project in Ecuador. The deal will see Franco-Nevada - which offers natural resource companies upfront cash in exchange for future production –...
Peru and Bolivia have both authorised mining operators to resume activities as of May 2, in a relaxation of national lockdown measures implemented to prevent the spread of COVID-19. Both Latin American countries shut down their mining operations in mid-March along with other key industrial sectors,...