Bluejay Mining pulls demerger plan, aims to raise $6 million It said the spinoff of its battery and critical metals exploration unit, Disko Exploration, is no longer considered the right strategy. Cecilia Jamasmie | February 14, 2023 | 6:49 am
Freeport-McMoRan cuts forecast after floods damage Indonesia’s Grasberg mine Freeport now expects its Q1 sales to be lower than the previous outlook of 900 million pounds of copper and 300,000 ounces of gold. Reuters | February 13, 2023 | 11:13 am
Column: How lack of copper could slow the energy transition It’s far from clear whether a traditionally cautious mining industry will embrace the scale of investment needed to rewire the world. Bloomberg News | February 13, 2023 | 7:28 am
Commodities risk lurking in ESG funds now too big to ignore Analysts estimate that the path to net zero may require digging up 5.2 billion metric tons of metals through 2050, which may be worth as much as $10 trillion. Bloomberg News | February 13, 2023 | 7:01 am
Freeport Indonesia suspends some work at Grasberg mine after floods The situation was under control, but the company gave no estimate of when operations would resume. Reuters | February 12, 2023 | 8:27 am
Mining loans seen passing $1 billion at biggest Congo bank Rawbank forecast its lending to DRC’s mining industry will jump more than 20% to over $1 billion this year. Bloomberg News | February 10, 2023 | 8:44 am
Panama says negotiations with First Quantum making headway The main bone of contention centres on taxes and royalties the Canadian miner should pay to the government. Cecilia Jamasmie | February 10, 2023 | 6:31 am
Torex Gold to spend up to $440 million on Media Luna project The Mexican gold project was 15% complete by the end of 2022 and commercial production is anticipated in late 2024. Cecilia Jamasmie | February 10, 2023 | 3:56 am
MMG secures supplies to continue copper production at reduced rate in Peru At normal times, the Las Bambas mine accounts for some 2% of the global supply. Reuters | February 9, 2023 | 7:20 pm