Canada’s regulator clears Newmont’s acquisition of Newcrest
The world’s largest gold miner is also progressing towards receiving regulatory approvals in other jurisdictions, with a transaction close expected in the fourth quarter of the year.
Kingdom passed a new minerals investment law last year and provided 13 reconnaissance licences, 133 exploration licences and eight exploitation licences.
The Maria Reyna and Caballito properties consist of a large, contiguous block of mineral rights with potential to host mineral deposits close to the Constancia processing facilities.
Chile's environmental regulator issued a series of measures against the Ojos del Salado mine, alleging "over-extraction of material" could have caused the sinkhole.
Copper is China's only growing commodity import in 2022 as the country’s inventories drop 60% in a year and worldwide stocks decline to just 3.5 days consumption.
Analyst expects the constellation of base metals companies under coverage’s second quarter results to fall below expectations when they start reporting results from month's-end.