BHP posts second straight year of record iron ore production, beats estimates
The world's largest listed miner said iron ore output from Western Australia on a 100% basis was 76.8 million tonnes in the three months to June 30.
Canadian copper miner Capstone Mining TSE:CS says it is looking to acquire a producer that would boost its annual output to 100 million pounds.
Capstone CEO Darren Pylot told Bloomberg the company is seeking producing mines in the Americas that would add at least 40 million pounds of output.
Companies that could fill Capstone’s order include Baja Mining Corp. TSE:BAJ, Mercator Minerals Ltd. TSE:ML, Taseko Mines Ltd., Copper Mountain Mining Corp. TSE:CUM and Copper Fox Metals Inc. CVE:CUU, reported Bloomberg, quoting an analyst at Desjardins Securities Inc.
Capstone has two producing copper mines, the Cozamin copper-silver-zinc-lead mine in Mexico and the Minto copper-gold-silver mine in Yukon, Canada. It is also developing the 70%-owned Santo Domingo copper-iron-gold project in Chile in partnership with Korea Resources Corporation and the 100% owned Kutcho copper-zinc-gold-silver project in British Columbia.
