KAMLOOPS - Blockchain mines look nothing like copper mines. They are banks of computer that toil away at solving complex calculations. Blockchain is the digital ledger used by many cryptocurrencies such as Bitcoin. Because the computers generate heat, they could be used to warm the greenhouses
Factories around the world are buzzing - the global JP Morgan manufacturing PMI entered the year at its highest since February 2011. The LME index of base metals has climbed to the highest since 2014. Given its widespread use copper is considered a good barometer of the global economy - measured
The Vancouver-based company, worth $2.8 billion after the day's losses, is in partnership with China's Zijin Mining on the Kamoa-Kakula copper deposit in the Central African nation. Kamoa-Kakula is considered the largest high-grade copper project in development globally with a copper resource of more
That means mines and projects run by companies including Glencore, Randgold Resources, China Molybdenum, Eurasian Resources Group, MMG and Ivanhoe Mines will immediately be subjected to higher royalties on metals including copper, cobalt and gold, as well as a new 50% tax on so-called
Testwork confirms DMS applicability at Cradle Arc's Botswana copper mine
A Canadian mining company operating in one of the world's biggest copper deposits has avoided more than half a billion dollars in Canadian tax over the last seven years, according to a report released Wednesday. By using a complex network of tax haven subsidiaries and lending money to itself at high
Copper contained in KITD oxide concentrate of 1,915 was sold to Mutanda Mining in Q4 2017, with 2,746 tonnes of copper contained in KITD oxide concentrate being sold to Mutanda Mining for the FY 2017. The production of KITD concentrates used for the ramp-up of operations in Q4 2017 will continue
West Perth, WA / January 31, 2018 / JMN Wire / MOD Resources Ltd (ASX: MOD) is pleased to announce the pre-feasibility study (PFS) for a proposed open pit mine and copper concentrator at its 70%-owned T3 copper-silver deposit in the Kalahari Copper Belt, Botswana has delivered outstanding results. MOD has
I invite everybody concerned to read the article that I wrote a few years ago about the Rio Tinto mining corporation's oldest copper mine in Rio Tinto river area of Spain. It has been published on many websites around the world. The article is titled: "Rio Tinto (the River, the Mine and the Corporation): Still
The supply picture is further complicated as nearly all cobalt produced globally is as a byproduct of copper and nickel mining which slows down project development and supply growth despite unprecedented demand. Reuters reports Tuesday Vale has hired Canada's Bank of Montreal to raise around
Just a moderate hiking distance from the main road of the affluent community of San Elijo outside San Diego, lie the remains of an old copper mine dating back to the early 1900s. There are several stone ruins scattered around the area, mounds of decades-old copper tailings, and the original dam used by
In recent years, two major copper mine proposals in B.C. - New Prosperity and Ajax - have been rejected by government, either largely or partly due to First Nations opposition. What gets less publicity are mines that have been built with the support and co-operation of First Nations - Red Chris and
Mines closed, coal-mining companies went bankrupt and investment in exploration and new mine development slowed to a trickle. Now that economic growth in the U.S., Europe and other developed countries is pushing up demand for industrial metals and materials - copper, zinc, metallurgical coal
"We see the large mining companies indicating their need to buy growth," said Gill, whose mining and metals-focused investment company is the biggest shareholder in Nevada Copper Corp. "Due to years of under-investment, their project pipelines are now empty and can only be replenished through
NEW YORK - Copper mining deals are off to the best start in at least 12 years - and more money could be pouring into the sector this year. More than $500-million in transactions are pending or were completed so far this month, the most recorded for January in Bloomberg data going back 12 years. Merger
In a surprise move, the U.S. Environmental Protection Agency reversed itself on Friday and maintained restrictions on the proposed Pebble Mine copper and gold mine project in southwest Alaska's Bristol Bay region. "It is my judgment at this time that any mining projects in the region likely pose a risk to the
World's second largest mining company Rio Tinto (ASX, LON:RIO) has lifted force majeure on shipments of refined copper from its Kennecott unit in the U.S., 79 days after adopting the measure. The company halted production of refined copper at its smelter at the Utah-based mine on Oct. 8 after a worker
Chilean state-owned copper mining company Codelco, also known as the world's largest producer of copper, has laid out a $250mn plan to alter its Andina mine as a result of glaciers in the region, Reuters reports. The action is set to be taken in the wake of some harsh criticism towards Codelco from
Copper mining deals are off to the best start in at least 12 years -- and more money could be pouring into the sector this year.
His decision, which falls short of blocking a proposed gold and copper mine in the region outright, represents a surprising twist in a yearslong battle that has pitted a Canadian-owned mining company against commercial fishing operators, native Alaskans and conservationists determined to protect the