Turquoise Hill Resources Ltd said on Thursday it has decided to defer further discussions on any interim funding arrangements with Rio Tinto for its Mongolian copper project.
The Mongolian state owns 34% in the Oyu Tolgoi copper project, while Rio’s m…
Turquoise Hill to defer any interim funding talks on Mongolian mine with Rio Tinto Read More »
Mining major Rio Tinto on Friday confirmed a cost blow-out of between $1.3-billion and $1.8-billion at the Oyu Tolgoi copper project, in Mongolia, compared with the original $5.3-billion capital estimates.
Meanwhile, first sustainable production has b…
Cost blow-outs and delays confirmed at Oyu Tolgoi Read More »
World top copper producer Chile held its production of copper steady in May versus the previous year even as the coronavirus outbreak exploded in the South American nation, according to data released on Thursday by State copper agency Cochilco.
The f…
World top copper producer Chile keeps output steady in May even as coronavirus explodes Read More »
Chile’s State-run Codelco, the world´s top copper producer, warned on Thursday any move to ramp up restrictions on its mines amid the coronavirus outbreak would be "catastrophic" for the country, the company´s chief executive said in an intervi…
Codelco warns more restrictions on copper mines would be ‘catastrophic’ – report Read More »
TSX-listed Deep-South Resources and Teck Namibia, a wholly owned subsidiary of Teck Resources, have agreed to amend the sale agreement of February 2017, whereby Deep-South acquired Teck’s interest in the Haib Copper project, in Namibia. The sale agreem…
Teck Namibia to potentially gain 26.9% interest in Deep-South Read More »
The Tritton copper project, in New South Wales, has beaten production expectations for the 2020 financial year, ASX-listed Aeris Resources said on Thursday.
The company noted that production for the full year reached 25 041 t, which was some 2% above …
Tritton beats full-year guidance Read More »
Global miner BHP is scaling back its operations at Cerro Colorado, in Chile, with resizing measures to be implemented over the next four months.
These measures will result in a reduced headcount and the company has started discussions with employees a…
BHP scales back Cerro Colorado copper mine Read More »
Sama Resources Inc. [SMA-TSXV; SAMMF-OTC] announced results from its exploration drilling at its nickel, copper,…
Sama Resources makes third mineral discovery in Ivory Coast Read More »
Copper is poised for its best quarter since 2010, helped by optimism over a stronger-than-expected demand rebound in top consumer China and mounting supply concerns in South America.
The metal used in everything from automobiles to electronics has sur…
Copper heads for best quarter since 2010 as supply worries mount Read More »
Of the nearly 1.08-billion tonnes of copper resources discovered since 1990, only 8% is contained in deposits discovered in the past decade, a report published by S&P Global Market Intelligence shows. The report outlines that 224 copper deposits ha…
Copper deposit discovery rate remains dismal, says S&P Read More »
