Cochilco says large-scale copper mining costs keep growing The direct cost reached 198.8 cents per pound, a year-on-year increase of 39.6 cents, the report found. Reuters | October 24, 2023 | 11:25 am
Teck stock drops to seven-month low on rising cost of flagship copper mine The Quebrada Blanca 2 project would now cost between $8.6 billion and $8.8 billion, compared with an earlier estimate of $8 billion to $8.2 billion. Bloomberg News | October 24, 2023 | 10:31 am
Anglo American lowers 2023 copper production guidance Anglo expects to produce between 830,000 and 870,000 metric tons of copper this year, lowering a previous forecast of 840,000 to 930,000. Reuters | October 24, 2023 | 9:46 am
Teck Resources says restructuring remains ‘priority’ as Q3 underwhelms The company expects to see annual production at the lower end of its 2023 guidance for QB2. Reuters | October 24, 2023 | 8:28 am
Freeport Indonesia will need to slash output in 2024 if not allowed to export concentrate Indonesia is set to stop exports of copper concentrate from May after the government delayed the implementation of a ban from June this year. Reuters | October 24, 2023 | 8:18 am
Video: Don Lindsay on Glencore’s pursuit of Teck and resource nationalism "They don't distinguish between the good coal and the bad coal," former Teck CEO says. Alisha Hiyate | October 24, 2023 | 6:02 am
Ma’aden subscribes for more Ivanhoe Electric shares to maintain 9.9% stake The Saudi state-owned miner previously paid $126.5 million for its original 9.9% stake. Staff Writer | October 23, 2023 | 2:10 pm
First Quantum’s 20-year deal on Cobre Panama is now official The new contract guarantees a minimum annual income of $375 million to the government and will be effective for 20 years. Staff Writer | October 23, 2023 | 11:22 am
Copper price rebounds after hitting lowest in 11 months LME-tracked stockpiles of the metal jumped to the highest since October 2021 last week. Staff Writer | October 23, 2023 | 9:10 am
