Peru’s economy weaker than expected in August, shrinks 0.63% y/y An increase in mining activity partly offset a drop in sectors like manufacturing. Reuters | October 15, 2023 | 10:33 am
Peru’s copper production up 7.5% in August Between January and August, copper output in Peru rose 18% compared to the previous year. Reuters | October 13, 2023 | 1:19 pm
Supreme Court of Canada rules federal environmental impact law is unconstitutional Impact Assessment Act enables Ottawa to regulate energy, mining and other project proposals based on effects that fall into federal jurisdiction – such as on Indigenous peoples, birds, fish, and climate change. Sean Fine - The Globe and Mail | October 13, 2023 | 9:38 am
Miners see value in EU focus on ESG but face red tape hurdles Compliance with ESG standards is increasingly important to keep commitments from institutional investors such as pension funds. Reuters | October 13, 2023 | 9:31 am
Mexico govt blames Grupo Mexico for 2014 toxic spill, wants new cleanup plan The spill pumped 40,000 cubic meters of toxic mining acid into the Bacanuchi river in Mexico's northern Sonora state. Reuters | October 13, 2023 | 9:09 am
LME copper stockpiles rebound to highest in nearly two years Stockpiles rose for a sixth day to reach 181,150 metric tons, extending a threefold increase since July. Bloomberg News | October 12, 2023 | 3:54 pm
Copper price advances as metals get help from Fed comments and China Risk assets are getting a boost from some less hawkish Federal Reserve commentary, and from moves by China to bolster its sinking stock market. Bloomberg News | October 12, 2023 | 2:37 pm
Raising capital now biggest risk to mining companies after ESG The massive capital outlays required by the green energy transition have become a top mining boardroom agenda item, says new survey. Frik Els | October 12, 2023 | 1:26 pm
Newcrest investors strongly approve $17 billion Newmont takeover The proposed deal is the third largest ever involving an Australian company. Reuters | October 12, 2023 | 1:19 pm