Torex Gold to spend up to $440 million on Media Luna project The Mexican gold project was 15% complete by the end of 2022 and commercial production is anticipated in late 2024. Cecilia Jamasmie | February 10, 2023 | 3:56 am
World’s largest zinc smelter sees opportunity in US energy bill Korea Zinc is seeking to diversify into electric vehicle batteries and renewable energy sources. Bloomberg News | February 9, 2023 | 7:29 pm
MMG secures supplies to continue copper production at reduced rate in Peru At normal times, the Las Bambas mine accounts for some 2% of the global supply. Reuters | February 9, 2023 | 7:20 pm
Russian metal makes up 42% of LME warehouses’ stocks – report Last year, the LME decided not to ban Russian metal from being traded and stored in its system. Reuters | February 9, 2023 | 1:28 pm
Barrick’s gold reserves grow to 78 million oz. in 2022 Barrick’s profile as a copper producer is also growing. Staff Writer | February 9, 2023 | 11:03 am
Redwood Materials wins $2bn DOE loan for EV materials plant The funds will be used to build out a $3.5 billion recycling and re-manufacturing complex in Nevada. Reuters | February 9, 2023 | 10:17 am
CHART: Copper exploration budgets jump, but major discoveries elusive The increase in global copper resources is mostly from 1990s discoveries and the last decade of exploration has been particularly unrewarding, says new report. Frik Els | February 9, 2023 | 10:10 am
Copper price extends gains on hopes for less aggressive interest rate increases Meanwhile, New York Federal Reserve President said that monetary policy will need to be restrictive of growth for a few years. MINING.COM Staff Writer | February 9, 2023 | 5:11 am
Hindalco posts 63% slump in Q3 profit, sees “much better” Q4 Profit more than halved at Hindalco's aluminum upstream segment, which includes bauxite and coal. Reuters | February 9, 2023 | 4:28 am