Anglo American has sealed a pledge it made two years ago to run 100% of its South American mining assets on renewable energy, after announcing a deal for its Quellaveco copper operation in Peru. The diversified miner has already agreed to source all of its power...
The management consortium Nova Resources has made a final offer of £4.1 billion to acquire London-listed Kaz Minerals, in a deal that would take the copper mining giant private. Nova Resources, which is controlled by Kaz chair Oleg Novachuk and billionaire metals tycoon Vladimir Kim, said...
NYSE-listed Southern Copper will invest US$8 billion across its projects in Peru, according to a report by the La República newspaper in the Latin American country. The article refers to Southern’s director of operations Jorge Meza’s update on the $1.4 billion Tía María project during the V...
TSXV-listed explorer Kincora Copper has lodged a prospectus to raise up to A$10 million in fresh equity that will see it trade on the Australian Securities Exchange (ASX). New shares in the IPO are being sold at 20¢ each to potential investors, which implies a $24.1...
Freeport-McMoRan chief executive Richard Adkerson has revealed that the mining giant is set to greenlight expansions at several of its US copper mines against a backdrop of rapidly rising demand for the strategic metal. Phoenix-based Freeport is aiming to capitalise on President Joe Biden’s pledge to...
A succession of multi-billion-dollar earnings calls for some of the biggest names in the mining space this week and soaring metals prices have provided the latest evidence of the onset of a commodities ‘supercycle’. The notion of an imminent long-term boom in commodities prices was popularised...
Investors will flood back into the mining industry as the global economic recovery from the COVID-19 crisis drives demand for ‘green metals’, according to Ivanhoe Mines founder and executive co-chairman Robert Friedland. The renowned mining entrepreneur declared ‘the era of the revenge of the miner’, after...
The 2020s will usher in a new commodities supercycle akin to the boom of the early 2000s, according to investment banking giant Goldman Sachs. Goldman’s view on the imminent supercyle is predicated on how the world will recover from the COVID-19 crisis, with emphasis on policies...
A new Fitch Solutions report has forecasted global copper mine production increasing by an average annual rate of 3.7% over 2021-29, with total output rising from 21.5 million tonnes (Mt) to 27.8 Mt in this time. According to the report, copper production will increase by 6.9%...
Chile’s Codelco has released an ambitious set of sustainability plans for its operations and projects, which includes goals to cut carbon emissions by 70% and reduce inland water consumption by 60% by 2030. The plan, centred around five key areas, aims to reduce around three quarters...