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
Chile’s Supreme Court awards $1.4 million to 31 of the 33 miners trapped in 2010 The Supreme Court ruling states that the National Geology and Mining Service and the Labour Directorate failed to comply with its legal obligation of conducting proper precautionary inspections. Valentina Ruiz Leotaud | July 30, 2023 | 12:53 pm
The mining world turns to Saudi cash for critical metal supply Saudi Arabia is seeking to take minority stakes in global mining assets that will over time help provide access to supplies of strategic minerals. Bloomberg News | July 30, 2023 | 11:32 am
Saudi Arabia’s Ma’aden to acquire 10% of Brazil base metals firm Ma'aden, has agreed to acquire a 10% stake in Vale Base Metals, as part of a strategy to invest in global mining assets. Reuters | July 30, 2023 | 11:05 am
Southern Copper getting more optimistic on stalled Peru mine The company has been trying for years to convince local communities of the merits of the Tia Maria project. Bloomberg News | July 28, 2023 | 4:36 pm
Glencore in advanced talks for Argentina copper stake Glencore is close to finalizing a deal to acquire Pan American Silver Corp.’s 56% stake in the Mara copper project. Bloomberg News | July 28, 2023 | 4:02 pm
Hudbay’s Snow Lake discovery could stretch mine life beyond 2038 The company’s winter drilling program had uncovered a trove of new mineralized zones. Henry Lazenby | July 28, 2023 | 2:41 pm
Newcrest interim CEO on Newmont merger, and why copper could soon outshine gold Newmont had to come back quite a few times before Newcrest’s board “felt we could not say no.” Alisha Hiyate | July 28, 2023 | 2:03 pm
