Canadian deep-sea miner TMC to seek licence in 2024

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.

Gold slid to the lowest in more than two years as tighter Fed policy and Europe’s worsening energy crisis has pushed up the US currency.

BHP, which operates the world’s biggest copper mine in Chile, has dangled $10 billion to develop more resources in the country if those uncertainties are finally resolved.

One of the world's largest copper mines has suffered recurrent disruptions from indigenous Peruvian communities who say its vast mineral wealth has not translated into better living conditions.

New report by Fitch Solutions forecasts over 7 million tonnes will be added to global copper production through 2031 as a raft of projects in Chile, Peru and Congo come online.

Noront's primary asset is the Eagle's Nest project, which has been billed by Wyloo as the largest high-grade nickel discovery in Canada since the Voisey’s Bay find in Labrador.

BHP said it will invest $12 million on exploration in the next 10 months and is evaluating six potential projects.

While the rest of the world worries about recession, China is steadily increasing its imports of physical copper.

The move will add 30,000 tonnes of copper production from early 2023 to 2027, alongside the site's open pit operations.