The benefits of incorporating the Iron Cap block cave mine earlier into the production schedule of the KSM project have exceeded owner Seabridge Gold’s expectations and should give investors a “compelling view” of the project’s economics.
The TSX-list…
Seabridge presents alternate approach for developing KSM Read More »
Canada-based copper and gold miner First Quantum has lowered its guidance for 2020 by 75 000 t of copper and 30 000 oz of gold, citing a reduction in production expectations at the Cobre Panama mine, which was temporarily idled after some workers contr…
First Quantum cuts 2020 guidance and capex Read More »
Global miner Barrick Gold will challenge Papua New Guinea’s decision not to extend its special mining lease (SML) for the Porgera gold mine, saying the move is tantamount to nationalisation.
Prime Minister James Marape on Friday announced that Papua N…
Barrick says PNG’s Porgera decision is tantamount to nationalisation Read More »
NYSE-listed Freeport-McMoran (FCX) on Friday announced a 30% reduction in planned capital expenditure (capex) for 2020, as it unveiled a new operating plan in response to the Covid-19 pandemic and the resultant negative impact on the global economy.
T…
Freeport-McMoRan announces cost cuts in response to virus Read More »
The US government on Thursday outlined its strategy to arrest the decline of the country’s industrial base in the front-end of the nuclear fuel cycle, including “immediate and bold action” to strengthen the uranium mining, milling and conversion indust…
US miners applaud ‘bold action’ to restore uranium mining Read More »
TSX- and NYSE American-listed Polymet remains “determined and confident” that it would advance its copper/nickel mine on the Iron Range, Minnesota, and has this week turned to the Supreme Court to view a lower court ruling on the company’s air permit.
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PolyMet remains determined to build Minnesota mine Read More »
Multinational commodities trader and miner Glencore will take Katanga Mining private, the TSX-listed subsidiary, which has operations in the Democratic Republic of Congo (DRC), announced on Wednesday. Shareholders will receive C$0.16 in cash for each p…
Glencore to take Katanga Mining private Read More »
Chile-based Antofagasta will spend at least $200-million less on capital expenditure (capex) this year, owing to the temporary suspension of the Los Pelambres expansion project, the deferral of sustaining and other growth capex, as well as lower mine d…
Antofagasta trims capex, sees output at lower-end of guidance Read More »
Canada’s largest diversified miner, Teck Resources, on Tuesday posted an 84% drop in first-quarter profit, as the coronavirus pandemic hit prices hard for the commodities that the miner produces.
The TSX- and NYSE-listed company reported adjusted prof…
Teck’s first-quarter adjusted profit plunges 84% Read More »
The Pebble Limited Partnership (PLP), a subsidiary of TSX-listed Northern Dynasty, is one step closer to completing the federal permitting process for its controversial gold mine in Alaska, after a US federal district court judge dismissed action broug…
Court dismisses lawsuit challenging EPA’s 2019 decision on Pebble project Read More »
