(Corrects in second paragraph that parent company MMG and notLas Bambas is planning to double production in 2025 and doubleagain in 2030) By Marcelo Rochabrun and Marco Aquino LIMA, Sept 27 (Reuters) - Chinese miner MMG Ltd expects to invest $2 billion in the next five years toexpand its troubled Las Bambas copper mine in Peru and is eyeingpotential acquisitions to further increase production, an...Read More
U.S. equity index futures were lower this morning at 7:30 AM EDT. S&P 500 futures were down 30 points in pre-opening trade..Next estimate of U.S. annualized second quarter real GDP is scheduled for release at 8:30 AM EDT is expected to remain unchanged at -0.6%.Starbucks added $0.19 to $87.30 after the company increased its dividend by 8%.Vail Resorts gained $8.36 to $218.65 after reporting a...Read More
The results from five drill holes released by Kodiak Copper Corp. (TSXV: KDK) have increased the mineralized area at the Gate Zone of the company's 147 sq. km. MPD copper-gold project in British Columbia.The company's fully funded, 25,000-metre drill programme has delivered "impressive" intercepts, according to CEO Claudia Thornquist."The Gate Zone has delivered further impressive drill intercepts...Read More
Canada Nickel (TSX-V:CNC; OTCQB: CNIKF) has secured a US$10 million loan facility with Auramet to continue advancing its 100%-owned Crawford nickel-cobalt sulphide project in northern Ontario following the release of its feasibility study, expected before year end.The feasibility study is now about 85% complete, the Toronto-headquartered miner said in a news release on Thursday.Canada Nickel CEO M...Read More
Omineca Mining and Metals (TSXV: OMM) and Lightning Creek Mining (LCM), its joint venture partner on the Wingdam project, have contracted Saskatoon-based Fortis Mining Engineering and Manufacturing to provide additional underground mining services.Wingdam is a gold exploration and placer recovery project located along the Barkerville Highway 45 km east of the city of Quesnel, British Columbia. The...Read More
Electric Mobility Canada, with the support of Dunsky Energy + Climate Advisors, has released a scorecard comparing how Canadian provinces and territories are doing at supporting consumers in their transition to electric vehicles.The scorecard shows that "exciting action" is underway, with EVs becoming the clear choice for consumers and businesses in many parts of the country. At the same time, pr...Read More
Shares of Ero Copper (TSX: ERO; NYSE: ERO) rose by 9.4% on Thursday morning on the news of its discovery of a regional nickel sulphide system in the Cura???? Valley of northeastern Brazil.The discovery, known as the Umburana System, has been traced for 5 km so far and is open in all directions. It is highlighted by several surface expressions of nickel mineralization, the Vancouver-headquartered m...Read More
Arizona Sonoran Copper (TSX: ASCU) has published a maiden resource estimate for Arizona's Parks-Salyer (P/S) porphyry copper deposit, immediately southwest of the flagship Cactus project.The P/S resource is on contiguous private land and includes oxide, enriched and stockpile material considered amenable to a heap leaching operation. The inferred resource now stands at 143.6 million tonnes grading...Read More
Global mining and metals executives view ESG, geopolitics and climate change as the top three risks facing their business over the next 12 months, according to this year's ranking of the Top 10 business risks and opportunities for mining and metals in 2023 by EY."We've witnessed huge upheaval and change over the last year, namely due to the war in Ukraine, climate events, new governments in minin...Read More
Copper Mountain Mining (TSX: CMMC) has announced updated mineral resource and reserve estimates for its 75%-owned copper mine located in southern B.C. Based on the new reserves, the company has also released a revised life of mine plan that supports a mill expansion to 65,000 tonnes per day from 45,000 tonnes.The latest update sees the Copper Mountain mine grow its measured and indicated resources...Read More
Lion One Metals (TSXV: LIO; US-OTC: LOMLF) has closed its previously announced bought deal financing to raise gross proceeds of approximately $13.4 million. A total of 17.4 million units priced at 77 ? were offered, including 1.1 million units issued to Eight Capital and Canaccord Genuity as partial exercise of their over-allotment options.Each unit consists of one common share of Lion One and one...Read More
Vancouver-based Foran Mining's (TSXV: FOM) executive chairman and CEO Dan Myerson doesn't want to build just one mine. He has designs on creating Canada's next copper mining camp in the Prairies.Foran has had a busy year as it advances the McIlvenna Bay copper-zinc-gold project in Saskatchewan, which it says will be the world's first zero-carbon operation. It released a positive feasibility study...Read More
When Equinox Partners Investment Management adopted a strict voting policy against industry directors who have served for two or more years but have invested less than two years of director's fees into the underlying equity, it took a stand for shareholder value rarely seen in the junior space.The New York-based hedge fund, with over $700 million in total assets under management with more than hal...Read More
With lithium prices at a record high - around US$71,000 a tonne for lithium carbonate - and demand for green technology surging, a cadre of exploration and development companies is looking to Manitoba as a source for the essential battery metal - and governments are signalling their approval. Snow Lake Lithium (NASDAQ: LITM), which is drilling and expanding historical spodumene pegmatite deposits...Read More
Mining giant Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) says it's investing US$55 million to start underground mining and expand production at its Kennecott copper operations, the world's largest open pit mine, near Salt Lake City, Utah. The move will add 30,000 tonnes of copper production from early 2023 to 2027, alongside the site's open pit operations, the company said in a news release. The op...Read More
International Battery Metals (CSE: IBAT; OTC: IBATF), which is looking to commercialize a first-of-its-kind modular, mobile lithium extraction plant, has made a further step towards its sustainable lithium extraction goals.An independent review by SLR International, a global leader in environmental and engineering services, has verified that the company's patented technology extracts more than 65%...Read More
This week's episode features CPM Group managing partner Jeffrey Christian in conversation with host Adrian Pocobelli on the precious metals market, central bank gold buying and investor demand. He also discusses the latest rumours about a BRIC currency, the Moscow Gold Exchange and outflows of the metal from west to east.All this and more with host Adrian Pocobelli. This week's CEO Spotlight fe...Read More
Wyloo Metals, which earlier in the year acquired Noront Resources and its mining assets located in Ontario's emerging metals camp known as the Ring of Fire, has chosen Ring of Fire Metals as the new name for its Canada-based business as exploration activities begin in the area."The name and branding was chosen to reflect the unique culture of the organization, while also paying homage to its Canad...Read More
Red Pine Exploration (TSXV: RPX, OTCQB: RDEXF) has reported more positive drill results from the 2022 drilling program at its 100%-owned Wawa Gold project in the Michipicoten Greenstone Belt of Ontario, where last year saw successful drilling, consolidation of the company's interests and the acquisition of the War Eagle mining claims adjacent to the property.The property has hosted numerous gold m...Read More
Puma Exploration Inc. (TSX-V: PUMA, OTCQB: PUMXF) (theRead full newsRead More