Codelco cuts 2024 copper premium to China, changes contract structure The miner has offered to sell copper at a premium of $89 a metric ton to major Chinese clients for its 2024 contracts, a drop of 36% from this year. Reuters | November 7, 2023 | 9:57 am
What green energy transition? Half of mining still exploring for gold New study shows a $1.1 billion drop in gold exploration budgets this year as juniors struggle to raise capital, but the precious metal still accounts for 46% of the total. Frik Els | November 7, 2023 | 8:34 am
Peru mine spending at eight-year low signals copper tightening Mining investment in Peru is expected to reach $3 billion to $3.5 billion in 2024, the country’s industry group SNMPE said. Bloomberg News | November 7, 2023 | 8:33 am
Copper, cobalt supplies from Congo stranded by truckers’ strike Already 2,700 trucks carrying around 89,000 metric tons of copper are stuck in Kolwezi. Reuters | November 7, 2023 | 8:16 am
Bill Gates-backed mining startup wants to expand into Congo KoBold is exploring around the world for new deposits of metals that are key to the global green-energy transition. Bloomberg News | November 6, 2023 | 11:19 am
Taseko raises additional $100 million for Florence copper project Tarus Mining Royalty Fund will contribute $50 million toward a royalty and Société Générale will provide a $50 million secured debt facility. Staff Writer | November 6, 2023 | 10:51 am
Billionaire-owned Vedanta seals Zambian copper assets deal Vedanta and the Zambian government have sealed an agreement that restores the Indian company's ownership of Konkola Copper Mines. Reuters | November 6, 2023 | 9:20 am
Ivanhoe records $108m third-quarter profit, shares up The Kamoa-Kakula copper complex sold 96,509 tonnes of payable copper in Q3 2023. Staff Writer | November 6, 2023 | 8:39 am
Chile copper production uneven in September – Cochilco Codelco's production slipped 5.3% year-over-year in the month to 116,700 metric tons. Reuters | November 6, 2023 | 7:54 am
