Tag: Copper

Newmont (NYSE: NEM, TSX: NGT, ASX: NEM) has applied to extend the permit for its Cadia operation, Australia’s largest underground mine, until 2050.

Vale (NYSE: VALE) will hold a public hearing at the end of October as part of the process to advance its $500 million Bacaba copper project in Brazil’s northern state of Pará.

Mining associations, whose members or participants include almost 100 companies, have launched a 60-day public consultation on a program aimed at providing a consolidated standard for the sector’s environment, social issues and governance (ESG).

Copper rose to a two-month high to cap a strong week for metals, helped by the Federal Reserve’s half-point rate cut.

Zambia’s biggest mines are turning to a surprising power source as the copper-producing nation battles an unprecedented energy crisis: South African electricity company Eskom Holdings SOC Ltd., which until March faced its own severe deficit.

American Creek Resources (TSXV: AMK) has firmed up its proposed sale to privately held Cunningham Mining Ltd. in an arm’s-length, all-cash deal valued at C$207 million ($152 million) with the signing of a definitive agreement dated September 5.

Power Nickel has expanded its use of Fleet Space Technologies’ ExoSphere — a cutting-edge exploration tool, to better understand its projects along Chile’s Atacama Fault system.

Zambia has temporarily shut its borders with the Democratic Republic of Congo, the government said at the weekend, in a move that could delay exports from Africa’s biggest copper producer.

The United States on Thursday banned imports from five more Chinese companies over alleged human rights abuses involving the Uyghurs, according to a government posting, as part of its effort to eliminate goods made with forced labor from the US supply chain.

Europe-focused Metals One (AIM: MET1) announced Thursday that Kingsrose Mining (ASX: KRM), partner and operator of its Råna nickel-copper-cobalt project in Norway, has entered into a contract to begin core drilling at the Rånbogen prospect in August.

Zambia has asked mining companies in Africa’s second-biggest copper producer to double their power-saving efforts to 40% of normal demand, as the worst drought in decades saps hydroelectric generation.

Less than a month after landing a potential debt financing deal to redevelop its past-producing La Cobaltera project in northern Chile, Chilean Cobalt (US-OTC: COBA) has signed a letter of intent with Glencore (LSE: GLEN) for an offtake agreement covering the first five years of production.