Rio Tinto-controlled Turquoise Hill Resources said Tuesday it had received an "information" request from the Mongolian Anti-Corruption Authority (ACA) to provide financial data associated to its giant Oyu Tolgoi copper and gold mine in Mongolia. The petition relates to an investigation about possible
The Chile-focused miner said it would seek board approval later this year for the expansion of its flagship Los Pelambres mine, expected to cost $1.3 billion, slightly more than previously forecast. The project will add 55,000 tonnes of copper a year once in full operation, Antofagasta said. The company
Located far up near the northern tip of Sweden is the Aitik mine, the largest open pit copper mine in the country. There, enormous Caterpillar 795F mining trucks with tires 15 feet tall haul 310 ton loads of rocks up steep inclines 24 hours a day, 365 days a year. The bottom of the mine is 1,500 feet below the
For years Rio Tinto has been the sole international copper mine operator in Mongolia, bound closely to a country where it has bet billions of dollars on the giant Oyu Tolgoi project. Others have steered clear due to the risks of operating in a nation with an unpredictable and young democracy and judiciary,
On Monday copper for delivery in May declined nearly 1% on the Comex market in New York at $3.1095 per pound or $6,855 a tonne amid a general weakness on commodity and financial markets gripped by uncertainty surrounding the Trump administration's trade policies and the strength of demand
BELGRADE (Reuters) - China's Zijin Mining Group Co. Ltd. has expressed interest in buying loss-making Serbian copper miner and smelter RTB Bor, which the Balkan state has been trying to sell for the past decade. President Aleksandar Vucic on Monday met representatives of the Chinese firm, who
The rate of copper mines under construction in China might accelerate if metal prices continue to climb on rising demand, Bloomberg Intelligence reported. It said the average copper price in 2017 was 27% higher than a year earlier, mainly due to rising demand from China's growing power grid and electric
There's a strange thing about the fear going through the global mining industry after the Democratic Republic of Congo signed an order to lift royalties last week:
Organizers said the improved numbers is proof that "mining industry has regained its swagger and is building momentum." With the prices for zinc, copper and battery-related metals all up from last year, miners are enjoying a better top line. This time last year spot copper was US$2.60/lb. Today it is at
"The project will wrap up advanced exploration this year and then feasibility studies will begin," Ecuador's Mines Minister Rebeca Illescas said at Ecuador's embassy in Santiago, where the agreement was signed. No estimates on the cost for developing the deposit or how much copper it might produce
Unionized workers at Antofagasta's (LON:ANTO) Los Pelambres copper mine in Chile voted to strike Friday after rejecting the company's latest offer for a
"We cannot conclude that the Copper Rule violates the [Water Quality Control Act] because it purportedly permits rather than prevents contamination when the Copper Rule's plain terms contain an abundance of provisions that afford significant groundwater protection at copper mine facilities designed to
A powerful group of top mining executives, including Canadian mining tycoon Robert Friedland, has failed to derail the momentum of a controversial new tax code in the Democratic Republic of the Congo. The multinational miners held a six-hour meeting with Congolese President Joseph Kabila on
"We cannot conclude that the Copper Rule violates the (Water Quality Act) because it purportedly permits rather than prevents contamination when the Cooper Rule's plain terms contain an abundance of provisions that afford significant groundwater protection at copper mine facilities designed to prevent
The Montana Department of Environmental Quality says it needs more time to study a proposed copper mine near White Sulphur Springs. The Independent Record reports the department sent a letter Tuesday to Sandfire Resources America requesting a consultation about the legally mandated one-year timeframe for
The price of copper dropped close to its 2018 lows and iron ore prices plunged on Thursday after customs data showed imports of raw materials by China weakening sharply in February. In brisk trading New York Comex copper for delivery in May gave up over 2% compared to Wednesday settlement price
LONDON, March 7 (Reuters) - Debt-laden Kazakh miner Eurasian Resources Group (ERG) has revived efforts to sell its Frontier copper mine in Democratic Republic of Congo (DRC) despite a drop in valuation to about $400 million, two banking sources said. The company, which is working with VTB
Castillo Copper Ltd (ASX:CCZ) is focused on fast-tracking the Cangai Copper Mine located in New South Wales back into production. The Jackaderry Project hosts the historical Cangai Copper Mine, which has a JORC Inferred Resource of 3.2 million tonnes at 3.35% copper, one of Australia's highest
The New Afton mine site includes underground workings, historic support facilities, a concentrator and tailings facility. The underground operation is expected to produce, on average, 85,000 oz. of gold and 75 million lb. of copper per year over its 12-year mine life." Contact Gekko's Greg Rasmussen, VP
Mr. Matich also stated "Historically, this Cerro de Cobre copper mine has been interpreted as a skarn, however its location at the base of a significant shale package located just above an accumulation of oxidized red beds strongly fits the copper / cobalt model for mineralization found in the Democratic