Rockcliff PEA for Tower and Rail outlines low-capital, robust potential As planned, the Tower and Rail project would produce an average of 12,000 t/y copper-equivalent at an all-in sustaining cost of $2.46/lb copper. Canadian Mining Journal Staff | February 22, 2022 | 7:34 am
Antofagasta profit, dividend hit records on soaring copper prices The copper miner's EBITDA increased about 80% to $4.8 billion in 2021, allowing it to pay the biggest dividend in its 134-year history. Cecilia Jamasmie | February 22, 2022 | 6:01 am
South32 completes Sierra Gorda stake buy The $1.4 billion deal marks the miner's entry into the world’s largest copper-producing country ahead of a forecast demand boom. Cecilia Jamasmie | February 22, 2022 | 3:56 am
China’s demand for metals has wavered as inventories pile up Copper held in warehouses tracked by the Shanghai Futures Exchange surged 28% last week and have more than quadrupled this year. Bloomberg News | February 21, 2022 | 8:59 am
IGO wins auction for Glencore CSA Australia mine Glencore Plc’s CSA copper mine in western New South Wales is expected to be worth $718 million. Bloomberg News | February 20, 2022 | 11:13 am
Congo nears deal with Israeli billionaire to recover assets The DRC is in negotiations with Dan Gertler’s Fleurette Group, which controls mining and oil permits throughout the Central African country. Bloomberg News | February 20, 2022 | 10:55 am
Amex closes financing for exploration at Perron gold project in Quebec The C$49.6 million bought-deal private placement is the largest financing in company history. Canadian Mining Journal Staff | February 17, 2022 | 10:47 am
LME warehousers slash capacity as metal stocks drain away Exchange stocks have been draining away as pandemic demand recovery collides with disrupted supply chains across the base metals spectrum. Reuters | February 17, 2022 | 9:54 am
IGO gets Western Areas’ shareholder Wyloo nod for $790m bid Australian billionaire Andrew Forrest-backed Wyloo Consolidated will vote its 9.8% stake in Western Areas in favor of IGO's bid. Reuters | February 17, 2022 | 8:22 am