ZINC miner Perilya has reported further copper mineralisation at depth below its main Mount Oxide copper project near Queensland’s Mt Isa with intercepts the miner called “spectacular”.

A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.

Rolling back environmental regulations and speeding up permitting for oil and gas as well as mining projects could put pressure on Canada to do the same. 

Nine drill rigs are working a 30,000-35,000 metre program, with results feeding into future resource estimates.

BHP detailed to investors this week plans to spend $10.7 billion to $14.7 billion within about 10 years.