BHP’s chief technical officer Laura Tyler has revealed that the group will almost double its exploration spending in the base metals sector within the next five years. In an interview with Reuters, Tyler said that global exploration spending for base metals will nearly double from the...
Glencore hopes to reopen its Mutanda Mining copper and cobalt project in the Democratic Republic of Congo (DRC) by the end of 2021, approximately two years after halting production at the giant operation. Representatives from the Swiss commodities giant recently met with DRC’s new mines minister...
Base metals explorer Sama Resources has acquired 370 exploration claims in the Canadian Province of Québec following the discovery of a mineralised gossan at its 100%-owned Lac Brulé nickel-copper project. In a statement to the TSX, Sama’s CEO Marc-Antoine Audet said: “This striking new discovery in...
29Metals – a growing player in the Australian copper mining business – is looking to raise up to US$471 million in an initial public offering (IPO) in Sydney, after a period of touting its assets to the investor space. The EMR Capital Advisors-backed company plans to...
The Democratic Republic of Congo (DRC) has reportedly banned the export of copper and cobalt concentrate, just days after Ivanhoe Mines’ large-scale Kamoa-Kakula project commenced production. Data provider Fastmarkets said it confirmed with three companies operating copper and cobalt mines in the DRC, who had each received...
Canada’s Ivanhoe Mines has begun producing copper concentrate at its Kamoa-Kakula project in the Democratic Republic of Congo (DRC), which it believes will eventually become the world’s second largest copper mine. Ivanhoe and its partner Zijin Mining said first ore from the Kakula mine was introduced...
The copper price exceeded US$10,000 per tonne yesterday for the first time since 2011, as recovering economies turn to the ‘bellwether metal’ and mines struggle to keep up with rising demand. Prices rose as much as 1.3% to $10,008 per tonne on the London Metal Exchange...
TSXV-listed Foran Mining Corp has partnered with two sustainability-focused companies in a bid to turn the McIlvenna Bay deposit in Canada into the world’s first carbon neutral copper project. The Vancouver-based company last week announced the partnerships with carbon measurement firm Carbonzero and sustainability advisor Synergy...
TSXV-listed exploration outfit Midnight Sun Mining has announced that Rio Tinto has commenced a US$3.2 million exploration programme at its Solwezi copper licences in Zambia, as part of the US$51 million earn-in agreement the two parties signed last year. Rio's initial 2021 programme at Solwezi is...
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...