Supercharged commodity boom: Definitely. Supercycle? Not exactly

Canada’s largest diversified miner has been looking for a development partner for the $4.8-billion extension of Quebrada Blanca copper mine in northern Chile.

CEO Matt Mason will be replaced by chief operating officer Patrick Godin, who joined Stornoway in 2010 and was appointed to the board of directors in 2011.

The Vancouver-based miner acquired Altos De Punitaqui, a producing copper-gold operating company.

Exploration drilling at the Kamoa North prospect area, which forms part of the company's Kamoa-Kakula mining licence, has defined two new, continuous corridors of shallow and high-grade copper mineralization.

The miner said the strike is a breach of the Collective Labour Agreement.

Deal creates one of the world’s biggest silver mining companies.

The same hole also intersected a separate copper rich zone.

The results follow a comprehensive ground mapping and sampling field program this summer.

The project has a pre-production capex of $300 million with additional sustaining capital of $406.0 million.