Molybdenum Mining News

Ecuador mining industry to grow eightfold by 2021 — report

Experts believe the value of the nation's dawning industry is set to jump from $1.1bn this year to $7.9bn in 2021 on a combination of revised regulatory framework and significant gold and copper reserves.

Tailings dam of largest open pit copper mine in Canada is safe: Teck

On April 8, a line spilled 850,000 litres of process water

Ecuador anticipates $4 billion in mining investments by 2021

The country expects mining investments to increase 360% in the next four years compared to the 2013-2016 period as it has already granted 160 of the 420 explorations licences it put out to tender in July.

Cobalt: will 2017 be a year of change?

A number of suspensions, most notably Katanga Mining in the DRC, have contributed to a tight metal market.

INTERACTIVE: Mining emerges from slump

With only a couple of exceptions, metal and mineral prices rallied in 2016 – see at a glance how far the industry has come.

ASX slams door on Moly Mines, leaves 4,000 shareholders in limbo

Exchange rules the firm was not allowed to resume trading due to concerns about controversy-plagued Chinese majority shareholder Hanlong Group.

Chilean mining costs highest in the world, despite saving measures

Production costs in Chile, the world’s No. 1 copper producer, were 5.4% higher last year when compared to its global peers’ average.

Battle against Nevada molybdenum mine goes to appeals court

Activists say the Mount Hope project will have a devastating effect on local water supplies.

Enviro campaign against Pebble mine reignited

A World Conservation Congress’ motion urges the US government to prevent the granting of permits for large-scale mining.

Codelco warns strike at Salvador mine risks division’s future

Salvador, Codelco’s smallest operation, has been battling to turn a profit after dwindling ore grades pushed up production costs.

Taseko may look into Gibraltar copper mine expansion after new claims acquisition

The news comes two weeks after Taseko revealed it was considering restarting the molybdenum circuit at Gibraltar mine, which has been idled since the third quarter of 2015 due to low metal prices.

Rare plant species standing in the way of Idaho moly mine

In Idaho, a classic confrontation between a mining company and environmentalists is shaping up at the CuMo project located in Boise National Forest.

Plan to take company private clouds future of BC moly mine

Alloycorp Mining Inc. (TSX-V: AVT), a junior miner that has been working on the reboot of a molybdenum mine in Kitsault, is going dark.

Molybdenum price is on a tear

Up 43% this year as Chinese imports double.

World’s No.1 copper miner Codelco posts historic loss of $1.4bn in 2015

For every penny copper prices drop, Codelco loses $36 million and Chile, the world's largest producing country, $50 million.

British Columbia native land claims continue to conflict with mineral rights

In recent months, mineral claims in B.C. have been put into question as a result of interim treaty agreements.

World's top copper miner sees metal at $2 a pound for at least two years

Codelco says current copper rally will be short-lived.

North America's 10 highest mines

North America's highest mines are all concentrated in just four states

Chile mulls scrapping copper funding for military

Codelco chairman, Oscar Landerretche, wants the government to scrap the country’s Copper Law, which forces the firm to give 10% of its annual export revenue to the Armed Forces.

The world's 10 highest mines

Eight of the world's highest elevation mines are in one country

Junior spikes 37% on tungsten-moly mine approval

Okay from New Brunswick government comes with 40 environmental conditions.

Codelco vows not to cut copper output even if prices keep falling

The world's No.1 copper miner will keep output targets and won't make major changes to its $25 billion investment plan.

Carl Icahn moves two directors onto Freeport McMoran's board

Freeport-McMoran was up 9.97% on the news to $13.01.

Mining protests turn deadly in Peru

State of emergency declared at Las Bambas.