Trumps administration will soon be “taking the first steps” to rescind a move made by the Obama administration to put the national forest off limits to industry activity.
The new measure will affect global mining firms including First Quantum Minerals, Glencore, Barrick Gold Corp and Vedanta Resources which currently pay a flat rate of 9.30 cents/kWh.
Miners around the globe produced 330,000 more tonnes of copper between January and March this year than in the same period of 2017, helped by higher production in world’s leader Chile.
First Quantum will invest $1.5 million to advance exploration work at the Orquideas and Cascas assets in the first year, with the option of investing an additional $37 million over the course of the subsequent four years covered by the deal.
The panel reviewed the 27 mines in the world's No. 2 nickel ore supplier that former Environment and Natural Resources Secretary Regina Lopez ordered closed or suspended last year.
Sumitomo’s move comes as Japanese trading companies have been grabbing assets and increasing their stakes on a few of them thanks higher commodities prices, which have boosted their profits.
Nevada Copper is pleased to provide an operations and drill update regarding the Underground and Open Pit projects at its Pumpkin Hollow Project in Nevada.
