Tag: Copper

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.

Vancouver’s Los Andes Copper (TSXV: LA; US-OTC: LSANF) has signed a US$20-million royalty agreement with Ecora Resources (TSX: ECOR). The royalty includes a 0.25% net smelter royalty (NSR) on sales from open pit operations and a 0.125% NSR on underground production.

Ecuador-focused SolGold (LSE: SOLG) said on Monday it had been granted a 25-year licence renewal for its flagship Cascabel copper-gold project in the Andean country.

U.S. Gold (NASDAQ: USAU) has been granted a key permit that allows the company to proceed with construction at its proposed CK gold-copper-silver mine in Wyoming.

Faraday Copper (TSX: FDY; US-OTC: CPPKF) has released a fresh round of assay results from its flagship Copper Creek project in Arizona, with drilling highlighting the potential to connect two conceptual open pits in an upcoming resource estimate.

Marimaca Copper (TSX: MARI) has secured a $20-million investment from Mitsubishi Corp. that will give the Japanese firm a 5% stake in the junior. Proceeds of the investment, which comes via a private placement, will be used to accelerate the development Marimaca’s flagship copper project located in the Antofagasta region of Chile.

The Norwegian government outlined on Tuesday details of a plan to open its sea floor for commercial mineral exploration and extraction, targeting metals considered essential for the transition to a greener economy.

Los Andes Copper (TSXV: LA; US-OTC: LSANF) has been authorized to restart drilling at its flagship Vizcachitas project in Chile following a court ruling that lifted an injunction against the company that lasted more than a year.

Hudbay Minerals (TSX: HBM; NYSE: HBM) and Copper Mountain Mining (TSX: CMMC) shareholders have approved the resolutions required to complete their planned merger.

Evolution Mining (ASX: EVN), Australia’s third-biggest gold miner, announced on Monday that is going ahead with two major expansions plans at its Mungari and Ernest Henry operations.

Nickel Creek Platinum (TSX: NCP; US-OTC: NCPCF) says a new resource estimate increases metal by almost a third at its Nickel Shaw project in southwest Yukon.