Infomine

By Frik Els Copper was trading down for a third day on Monday as metal traders in New York shrug off the increasing likelihood of a strike at the world’s largest copper mine and the impact of fiscal stimulus in top metal consumer China. Copper touched $2.76 or $6,080 a tonne on the Comex market, […]

By Cecilia Jamasmie TransCanada Corp. won a small, but important battle Monday after the U.S. State Department released a somewhat positive review for the company’s proposed $8 billion Keystone XL oil pipeline, predicting “moderate” environmental impacts from its construction and operation. The alternate route approved by Nebraska regulators is expected to have minor to moderate

By Cecilia Jamasmie Unionized workers at Codelco’s Chuquicamata copper mine in Chile downed tools on Monday saying they had “exhausted” all instances for dialogue with management. Access to Chuquicamata, the state miner’s second largest copper mine by output, has been blocked since early hours, as unions No. 1, 2, and 3, as well as Antofagasta

By Michael Allan McCrae Autonomous trucks are no longer an up-sell, says Caterpillar’s Craig Watkins, commercial manager for a surface mining technology. The technology has gained traction and customers are asking for them, said Watkins during an interview with MINING.com at the CIM Convention 2018 held this past May. “One of the key changes that’s

By Valentina Ruiz Leotaud Spanish media report that 85 per cent of the 800 workers at First Quantum Mineral’s Cobre Las Cruces mine in Spain went on strike in demand for the payment of ‘toxic bonuses’ (hazard pay) for subcontractors. What they call ‘toxic bonuses’ are additional payments for work that is particularly risky. According

By Valentina Ruiz Leotaud Caterpillar (NYSE:CAT), the world’s No.1 heavy machinery maker, announced today that its worldwide machine retail sales rose 25 per cent Y/Y for the rolling three-month period ending in June. The positive results were driven by the company’s energy and transportation retail sales, which grew 14 per cent in the latest rolling

By Valentina Ruiz Leotaud A 42.26-carat diamond recovered by Canadian junior Tango Mining (TSXV: TGV) fetched almost half a million dollars at the Kimberley Diamond Exchange, the company announced today. In detail, the gem was sold on tender for $11,267 per carat. The unnamed diamond was recovered from run of mine gravel at the company’s

By Michael Allan McCrae The Quellaveco copper project, 60% owned by Anglo American and 40% by Mitsubishi, in Peru was approved yesterday. The estimated capital cost ranges between $5.0 to $5.3 billion. The company expects a post tax IRR of greater than 15% with a four-year payback and an EBITDA margin of more than 50%.

By Valentina Ruiz Leotaud The president of Peru’s National Society of Mining, Petroleum, and Energy, Pablo de la Flor, issued a statement today saying that Anglo American (LON:AAL) and Mitsubishi’s joint venture to develop the Quelleveco project marks a new era for the country’s mining industry. According to de la Flor, the project located in

By Michael Allan McCrae Due to the weak uranium market Cameco says it will suspend operations at McArthur River and Key Lake and permanently lay off 550 site employees and 150 corporate staff said the company in its 2Q. The news bumped Cameco’s stock (CCO.TO) five per cent on Thursday sending it to $14.97 a