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Canada’s Teck Resources knocked down by global economic grief

Teck Resources Ltd. (TSX:TCK.B and TCK.A),(NYSE:TCK) said Wednesday it is deferring about $1.5-billion in capital it had expected to spend this year and in 2013, adding its third quarter profit dropped by more than half.

Cecilia Jamasmie | October 24, 2012 | 2:29 pm

Lumina Copper not ready for a takeover this year

Canadian Lumina Copper Corp. (CVE:LCC) fell 8.5% Tuesday after the company hinted its expected sale will have to wait as it plans to carry a study at its Taca Taca massive copper/gold/molybdenum deposit in Argentina.

Cecilia Jamasmie | October 10, 2012 | 3:04 pm

Augusta Resources off to the races after environment permit granted for massive Tucson copper mine

Augusta Resource jumped more than 10% on Monday after announcing it has received an air quality permit for its Rosemont mine in Arizona which could by itself account for about 10% of annual US copper output once in production in 2015.

Frik Els | August 6, 2012 | 6:55 pm

Teck Resources down 5% after profits more than halve

The diversified miner suffered lower realized prices across the board with copper down 14% to $3.57 a pound, its realized coal price was 26% below Q2 2011 at $202 a tonne. Zinc (-15%), silver (-24%), lead (-22%) and molybdenum (-18%) prices all declined.

Frik Els | July 25, 2012 | 4:59 pm

WTO probe ratchets up rare earth tensions with China

The World Trade Organization will investigate China's quotas and tariffs on rare earth minerals following prompting from the US, EU and Japan, who allege the export restrictions are in contravention of international trade regulations.

Marc Howe | July 24, 2012 | 10:06 am

Pebble mine: ‘If God were testing us, he couldn’t have found a more challenging place’

Arguably the richest prize in mining, the Pebble project pits a watershed where up to 40 million salmon spawn each year against copper and gold reserves worth as much as $500 billion according to a new documentary.

Frik Els | July 23, 2012 | 11:32 pm

Chile’s largest open pit copper mine goes underground

Chile’s largest open pit copper mine, Chuquicamata, has officially started its conversion towards underground mining. The project will cost Codelco over $2 billion in the preliminary phase but will substantially increase production and extend the mine's lifespan.

Cecilia Jamasmie | July 12, 2012 | 10:17 am

Cooling equipment to help companies be more profitable and environmentally friendly

Ontario-based MFS Systems (2007) Inc. said its cooling equipment could help large companies such as Chile’s copper producer Codelco and molybdenum processor Molymet increase their profits while maintaining high environmental standards.

MINING.com Editor | July 9, 2012 | 5:57 pm

Chile’s Codelco to invest $400 million in molybdenum plant

Chile-owned copper giant Codelco plans to invest $400 million in a molybdenum processing plant and to maximize its market value amid a legal dispute with global miner Anglo American.

Cecilia Jamasmie | July 3, 2012 | 4:52 pm

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