No quick end for sale of Teck’s coal unit as mining giant weighs more bids than expected Switzerland’s Glencore will face a highly competitive bidding process whose outcome will not be known quickly. Eric Reguly - The Globe and Mail | September 5, 2023 | 11:43 am
AI helps BHP fight declining ore grades at biggest copper mine BHP said it’s moving forward with studies into potentially replacing a concentrator at Escondida. Bloomberg News | September 5, 2023 | 11:23 am
Albemarle aims to close buyout of Liontown by mid-2024 The deal is non-binding and still must be formalized and approved by shareholders. Reuters | September 5, 2023 | 11:06 am
Skeena boosts Snip indicated resource by 237% to 823,000 oz The increased tonnage in the indicated resource comes as the inferred resource shrinks to 499,000 oz. of gold. Staff Writer | September 5, 2023 | 10:29 am
Cameco 2023 forecast down at Key Lake, Cigar Lake, McArthur River operations Total production from operations is forecast to be 30.3 million lb. uranium concentrate (U3O8), down approximately 9%. Staff Writer | September 5, 2023 | 10:27 am
Chinese firms vie for $2 billion Botswana copper mine Three Chinese groups are among suitors still in the race to acquire the Khoemacau project. Bloomberg News | September 5, 2023 | 10:19 am
Codelco raises $2 billion in bond offering The state-run miner is not only battling to reignite copper production which is at its lowest level in 25 years, but is also facing calls to rein in its debt. Reuters | September 5, 2023 | 10:04 am
Vale to start building Middle East ‘mega hubs’ in 2024 Vale had announced last year plans to develop the plants in Saudi Arabia, the United Arab Emirates and Oman. Reuters | September 5, 2023 | 9:59 am
Aura Minerals declares commercial production at Almas gold mine in Brazil Approximately 4,661 ounces of gold were produced in August, with gross revenues of approximately $9 million recognized in the month. Staff Writer | September 5, 2023 | 9:38 am