Latest Updates Around The World
Faraday Copper (TSX:FDY,OTCQX:CPPKF) has signed a letter of intent (LOI) to acquire the historic San Manuel property from BHP (ASX:BHP,NYSE:BHP,LSE:BHP), combining the two adjacent assets into one US-focused copper district. Under the deal, Faraday would acquire 100 percent of the San Manuel property. The site is adjacent to Faraday’s Copper Creek project in Pinal County, […]
Shares of Northern Dynasty Minerals (TSX:NDM,NYSEAMERICAN:NAK) plunged on Wednesday (Feb. 18) after the U.S. Department of Justice (DOJ) filed an injunction supporting the Environmental Protection Agency’s (EPA) January 2023 veto of the company’s long-controversial Pebble project in Alaska. The order supports the EPA’s previous decision to restrict development of the proposed copper, gold and molybdenum […]
Bold Ventures (TSXV:BOL) has launched a diamond drilling program at its Burchell base and precious metals property in Ontario, president and COO Bruce MacLachlan told the Investing News Network. “We only started drilling a few weeks ago, and we will continue to drill for a while,” MacLachlan said, highlighting the start of the program after […]
Freeport-McMoRan (NYSE:FCX) is preparing to bring one of the world’s most important copper assets back online, laying out plans for a phased restart of Indonesia’s Grasberg mine after a deadly mudslide that halted operations late last year. The Arizona-based miner said remediation and preparation work in the Grasberg mineral district remains on schedule thereafter September […]
Austral Resources Australia (ASX:AR1) said on Friday (January 16) that it has entered into an agreement with Glencore (LSE:GLEN,OTCPL:GLCNF) to acquire Lady Loretta’s mining leases. Under the agreement, Austral will acquire 100 percent of Noranda Pacific, the owner and operator of the Lady Loretta mine, associated EPMs, processing infrastructure and mining camp from Glencore. “The […]
Copper prices rose to a new record high on Tuesday (Jan 6), with continued supply disruptions and trading uncertainty pushing the metal to a nearly 30 percent rally since October. Benchmark three-month copper on the London Metal Exchange (LME) rose as much as 3.1 percent in early trading to a record high of US$13,387.50 a […]
Lundin Mining (TSX:LUN,OTC Pink:LUNMF) has agreed sells its Eagle mine and Humboldt plant in Michigan to Talon Metals (TSX:TLO,OTCID:TLOFF)with US-based operations focusing on domestic offerings. The transaction will see Lundin Mining receive 275.2 million Talon shares, representing 18.4 percent of Talon’s outstanding equity, with a total implied value of approximately US$83.7 million based on recent […]
Canada has approved the merger of Teck Resources (TSX:TECK.A,TECK.B,NYSE:TECK) and Anglo American (LSE:AAL,OTCQX:AAUKF), clearing a major regulatory hurdle to create a new global mining heavyweight worth more than $53 billion. Teck and Anglo American said they received approval under the Investment Canada Act, allowing the companies to proceed with their planned “merger of equals.” first […]
Japan’s largest copper smelter has been granted a rare reprieve in one of the strictest processing fees the industry has ever seen. According to media reports Pan Pacific Copper has agreed with Lundin Mining (TSX:LUN,OTC:LUNMF) to roll over its handling and refining costs to 2026 rather than cutting them further. People familiar with the deal […]
BHP Group (ASX:BHP,NYSE:BHP,LSE:BHP,OTCQB:BHPLF) confirmed in a statement on Monday (November 24) that discussions over a merger with Anglo American (LSE:AAL,OTCQX:NGLOY) have officially ended. The discussions date back to April 2024, when BHP made its first offer to Anglo to combine their copper assets. Copper in particular has become a key target as producers seek scale […]
