Michael McPhie, former CEO of the Mining Association of British Columbia, intends to clear his company’s name after it was implicated in share distribution scandal.
Copper Mining News
Copper back in bear market with price down more than 20% since June peak over fears of the impact of the US-China trade war.
MOD is willing to engage with Sandfire and grant confirmatory due diligence if a compelling price is presented and capable of being supported by the board and shareholders.
While company denied media reports that it had sold Lumwana, it said that given the challenging conditions the mine was facing in Zambia, all options would have to be considered.
MOD also said it would raise about A$15 million via a share placement and rights issue, with the majority of the proceeds to be used to advance the T3 copper project in Botswana towards production.
Pancon now controls more than 157 square kilometres west of Timmins.
Robert Mayne-Nicholls has worked in companies such as Codelco, Antofagasta and Barrick Gold.
But only sliver of funds raised destined for mining and metals
Glencore tightened its grip by appointing new executives and entering a management services contract to run its troubled Congo copper and cobalt unit.
A company spokeswoman stressed that while Zheng may be new to the copper industry, he has a lot of management experience.
The company expects Oyu Tolgoi will be the world’s third-largest copper producer at peak metal production.
Company has agreed to buy BHR Newwood DRC Holdings Ltd, a holding company set up by private equity firm BHR to buy a 24% stake in the Congo mine in 2017.
The company's Main Ridge project is located in an area where Spaniards mined placer gold in the 16th Century.
The reduction in global expectations for the price in 2019, coupled with the trade war, will keep investors away, maintaining a downwards trend in the price for the short term.
The funds will enable the company to expand activities in south-west England and to drill exploratory boreholes to extract samples of lithium-bearing brines.
New funds inject new life to existing projects.
Canada's cobalt sector and Ecuador's budding mining sector for copper and gold will be investment hot spots.
The first use case will manage concentrate from Goldcorp’s Penasquito mine in Mexico.
Rau is located at the western end of the company’s Rackla property 55 km northeast of Keno City.
"We refer to lower end of copper price range forecast by analysts and we assume an average copper price at $6,100-$6,300 per tonne."
Toronto-based private-equity firm Waterton Global Resource Management is launching a proxy fight with Hudbay Minerals, pushing to overhaul the board and oust its chief executive over alleged "mismanagement."
The project is adjoining Barrick and Goldcorp's Pueblo Viejo gold-silver mine.
Some of the mining world’s top executives are starting to plan their departures.
The global share of zero-carbon electricity generation is set to increase from 38 percent last year to 63 percent by 2040.
The two-day hearing will be watched by other multinational companies with a base in London and facing legal challenges about their operations abroad.