First Quantum plans $327m expansion of giant copper mine in Panama

The group announced better-than-expected results for the year on the back of higher prices and said it remains positive about the outlook for commodities markets. Anglo American (AAL.L: Quote) (AGLJ.J:Quote), the world's fourth-largest diversified miner,

Taseko Mines is adding capacity to its Gibraltar Copper Mine in north-central British Columbia. The company stated Wednesday that its board of directors has approved construction of 30,000 tpd concentrator to complement the existing 55,000 tpd facility. The second concentrator will triple the mine's production capacity from 60 million to 180 million pounds per year.

Barrick Gold reported on Thursday that net income in the fourth quarter was up 57% to US$947 million or 95 cents a share, a record result for the world's-largest gold miner. In the same quarter in 2009, Barrick reported US$604 million net income or 61 cents a share. The company produced 1.7 million ounces of gold at a total cash cost of $486 per ounce. Gold production in 2011 is expected to be similar to 2010.

The Obama Administration has called for a hardrock mining royalty and a new hardrock AML fee, along with other fees and tax […]

Panama’s National Assembly has repealed a law blocking foreign investment in mining, which will permit the development of Inmet Mining’s Cobre Panama […]

Ivanhoe Mines has made major “Tier 1” copper discoveries in the Democratic Republic of Congo and South Africa, chief executive Robert Friedland […]

Teck Resources Limited announced earnings in 2010 of $1.5 billion or $2.62 a share. Earning were 36% better than the $1.1 billion […]

One of the world’s largest copper and silver producers has signed a contract worth nearly $US 700 million for the sale of […]

According to the organization’s Director-General, economic recovery is likely to boost the prices of commodities with crude oil, copper, gold, corn and […]