Strike at Newmont’s Peñaquito mine ends with 8% pay raise Agreement ends a four-month-long strike at Mexico’s largest gold mine, which cost Newmont millions of dollars a day. Cecilia Jamasmie | October 6, 2023 | 3:50 am
Newmont’s $16.7bn Newcrest deal gets all regulatory nods The deal still awaits the crucial Newcrest shareholder vote, scheduled for Oct. 13. Reuters | October 5, 2023 | 5:54 pm
Lundin in talks with Japanese trading houses to develop Argentina mine New CEO Jack Lundin said the company is conducting risk analysis before finalizing strategic partners to help develop the Josemaria copper-gold mine. Reuters | October 5, 2023 | 3:14 pm
BHP to focus on cost cuts, patient on M&A For BHP to engage in a buyout, it would need to consider price, ease of jurisdiction, and opportunity to add value. Reuters | October 5, 2023 | 2:03 pm
Teck aiming for coal, metals business separation announcement by end of 2023 CEO Jonathan Price said the company is advancing a range of proposals with a range of counterparties. Reuters | October 5, 2023 | 12:45 pm
Codelco loses CFO in latest blow to world’s top copper miner Alejandro Rivera resigned as CFO a day after Codelco’s investment-grade credit rating was cut one notch by Moody’s. Bloomberg News | October 5, 2023 | 11:29 am
Aurubis to keep European copper premium at record high next year The company has told customers it will keep the surcharge at $228 a ton, ahead of the start of annual supply negotiations next week. Bloomberg News | October 5, 2023 | 9:29 am
Chile’s government looks to China to upgrade its economy beyond commodities While Chile’s trade with China surpassed $65 billion last year, most of its exports are dominated by copper and much of it is shipped in the form of concentrates Bloomberg News | October 5, 2023 | 7:14 am
Buenaventura suspends Peru mine on permitting delays Peru’s top publicly traded precious-metals producer has halted Colquijirca's Tajo Norte mine for up to three years due to permitting delays. Cecilia Jamasmie | October 5, 2023 | 3:45 am
