Codelco requests permit for $2.5 billion Ministro Hales mine extension The project aims to boost production capacity of copper concentrate from the current 700,000 metric tons a year to 830,000 tons. Reuters | August 1, 2023 | 2:51 pm
Barrick reiterates 2028 first production for Reko Diq project in Pakistan The project has been over a decade in the making and is said to boast world’s largest undeveloped copper-gold deposits. Staff Writer | August 1, 2023 | 12:02 pm
Mexico says trade deal does not apply in Grupo Mexico mine labor dispute A Mexican court ruled in favor of the workers' union in June, ordering Grupo Mexico to pay back wages and benefits. Reuters | August 1, 2023 | 11:29 am
China’s metals and mining investment overseas to hit record in 2023 – report Chinese investments and new contracts in the metals and mining sector topped $10 billion during the first half of 2023, a 131% growth year-on-year. Staff Writer | August 1, 2023 | 9:36 am
Rio Tinto, Codelco join forces to find more copper in Chile They will explore for the coveted metal in concessions held by Agua de la Falda, in which Rio has a 55% interest. Cecilia Jamasmie | July 31, 2023 | 10:21 am
Carajás in Brazil could be a top producer of copper in 10 years, CEO says “That’s the super secret. There’s a lot of copper up there,” said Ero Copper CEO David Strang. Bruno Venditti | July 31, 2023 | 10:21 am
Magna’s Crean Hill nickel project PEA outlines after-tax NPV of $175m over 15 years The base case scenario for the PEA envisions a combination of open pit and underground mining, with mineable resources being sold to a third-party existing mill in Sudbury. Staff Writer | July 31, 2023 | 9:12 am
Copper price hits three-month high amid demand hopes, supply risks Beijing’s leadership has promised more support for the real estate sector and a reduction in the local-government debt burden. Bloomberg News | July 31, 2023 | 7:20 am
Glencore buys Pan American’s stake in Argentinean copper project Pan American is selling its 56% interest in the MARA copper project, added to its portfolio as part of the acquisition of Yamana Gold. Cecilia Jamasmie | July 31, 2023 | 4:06 am
