Tag: Copper

American West Metals (ASX: AW1; US-OTC: AWMLF) on Monday reported bonanza-grade copper and zinc grab samples at the Tempest prospect of the Storm project in Nunavut.

Lundin Group copper and gold explorer NGEx Minerals (TSXV: NGEX) said Friday it has restarted and increased the drill rig count at the Lunahuasi project in Argentina to four following a recent $85.7 million financing.

Chile’s Codelco, the world’s top copper producer, plans to invest an additional US$720 million ($985.6 million) revamping its century-old Chuquicamata copper mine, in an effort to stop the company’s overall production decline.

Teck Resources (TSX: TECK.A, TECK.B; NYSE: TECK) is selling its coal assets to Glencore (LSE: GLEN) and two Asian steelmakers for US$8.9 billion, Teck said on Nov. 14.

Hudbay Minerals (TSX: HBM; NYSE: HB) plans to publish a new technical report and mine plan for its recently acquired Copper Mountain mine in B.C. that will pull back overly optimistic plans drawn up by the operation’s previous owner.

SolGold (LSE: SOLG) said on Wednesday it’s making headway with the potential sale of its flagship Cascabel copper-gold project in Ecuador, as it has held talks with more than 20 “highly credible” interested groups.

Sierra Metals (TSX: SMT) is placing its Cusi silver mine in Mexico on care and maintenance and has started the process to sell the mine amid the company’s shift towards copper. SCP Resource Finance will act as financial advisor for the Cusi mine sale process.

The idled Minto mine in central Yukon, which began operations in 2007 and produced about 500 million lb. of copper since, is officially up for sale.

Mining’s top industry group with BHP (NYSE: BHP; LSE: BHP; ASX: BHP) and Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) among its members has published a framework for companies to determine their emissions, including how to unravel pollution by suppliers and customers.

Facing more restrictive foreign investment policies in developed markets, China is expected to continue building its influence over key minerals such as lithium and cobalt across the developing world, according to S&P Global.

As the world’s largest metal consumer, the second largest economy in the world, and the largest funder of overseas metal projects, China’s impact on the mining business globally cannot be overstated.

Chilean state copper company Codelco is partnering with Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) to explore the Australian miner’s recently acquired Agua de la Falda copper asset in the country’s north.