Mitsubishi ups stake in Anglo’s Quellaveco copper project in $600-million dealAnglo will sell a 21.9% stake in its Peruvian copper project to Mitsubishi, increasing the Japanese firm’s stake in the venture to 40%.Cecilia Jamasmie | June 14, 2018 | 3:40 am
Copper veteran has unfinished business at world’s biggest pitNelson Pizarro wants to remain at the helm of the…Bloomberg News | June 13, 2018 | 1:22 pm
Tharisa expands Zimbabwe exposure with $4.5 million platinum dealIt gives the company access to 23,903 hectares of land…Cecilia Jamasmie | June 13, 2018 | 5:00 am
British Columbia court fines former mining exec $22,000 for environmental violations A court ruling in July found that former CEO Benjamin Mossman was “actively or passively involved” in the Yellow Giant mine exceeding permitted amounts of zinc on multiple occasions. Staff Writer | October 24, 2023 | 3:03 pm
Grupo Mexico posts boost in Q3 profit amid strong sales Revenue for the major global copper producer during the July-to-September period rose 17%. Reuters | October 24, 2023 | 2:30 pm
Teck to re-do environmental permit for Quebrada Blanca expansion in Chile Once submitted, the revised application will tack on around 12 months to the overall regulatory process. Reuters | October 24, 2023 | 12:24 pm
Cochilco says large-scale copper mining costs keep growing The direct cost reached 198.8 cents per pound, a year-on-year increase of 39.6 cents, the report found. Reuters | October 24, 2023 | 11:25 am
Teck stock drops to seven-month low on rising cost of flagship copper mine The Quebrada Blanca 2 project would now cost between $8.6 billion and $8.8 billion, compared with an earlier estimate of $8 billion to $8.2 billion. Bloomberg News | October 24, 2023 | 10:31 am
Anglo American lowers 2023 copper production guidance Anglo expects to produce between 830,000 and 870,000 metric tons of copper this year, lowering a previous forecast of 840,000 to 930,000. Reuters | October 24, 2023 | 9:46 am
Australia boosts critical minerals fund by over $1 billion to attract international investors The $1.3 billion boost will increase the capacity of Australia’s Critical Minerals Facility to finance mining and processing projects for materials. Staff Writer | October 24, 2023 | 9:19 am
Teck Resources says restructuring remains ‘priority’ as Q3 underwhelms The company expects to see annual production at the lower end of its 2023 guidance for QB2. Reuters | October 24, 2023 | 8:28 am
Freeport Indonesia will need to slash output in 2024 if not allowed to export concentrate Indonesia is set to stop exports of copper concentrate from May after the government delayed the implementation of a ban from June this year. Reuters | October 24, 2023 | 8:18 am