The Vancouver-based company says there is potential to discover a sizeable porphyry style copper-molybdenum-silver deposit on the property.
Molybdenum Mining News
Supported metal prices, debts being slashed, and production efficiency growth were the keys for the good performance.
The Phoenix-based company posted first quarter net income of $31m, compared with net income of $692m in the year-ago quarter.
The property is a potential producer of copper, gold and molybdenum.
Members of the community of Tacrara were demanding compensation for the use of a road that, according to them, Hudbay’s trucks were not supposed to be using.
In 2017, Chile's Superintendency of Environmental Affairs filed a notice saying the campaign violated the country's environmental regulations.
The plan puts emphasis on emphasis on agritech, aerospace, defense, renewable energy and telecommunications.
Blizzard-like conditions in the Dakotas, western Nebraska and Kansas are stressing winter wheat, inundating mines and disrupting ranches.
The project now contains 423 million indicated tonnes grading 0.41 gram gold per tonne, 0.22% copper, 4.6 grams silver and 41 parts per million molybdenum.
There is a porphyry copper-molybdenum-gold system at the Espiritu SMR property.
The deal closed for C$31 million.
On the positive side, the Andean country's iron ore production grew by 66.8% when compared to the previous year.
Since the mid-1990s, the company has run a waterfowl observation and hazing program at its 182-hectare Berkeley Pit but in late 2016, several thousand snow geese died at the toxic pit.
Changes to an existing provincial law propose a new Special Mining Rate.
Victoria's government wants to spend $220 million on exploration and drill one million metres by 2023.
A “scoping report” based on 175,000 comments will be published in August 2018.
First Quantum will invest $1.5 million to advance exploration work at the Orquideas and Cascas assets in the first year, with the option of investing an additional $37 million over the course of the subsequent four years covered by the deal.
The investment will increase the mine's copper output by 45 percent by 2020, with the value of production exceeding $2 billion annually.
MINING.com discusses the state of private equity investment in mining with Michael Scherb founder of Appian Capital.
New First Nations led campaign calls for improved mining practices and better regulation in British Columbia
Province’s contribution to a clean energy future at risk unless changes are made.
The project joins two mines - one belonging to Goldcorp and the other to Teck Resources.
Healthy demand for molybdenum rich stainless steel, especially from the oil and gas industry, plus sluggish supply growth are expected to keep the price of this minor metal riding high.
Results from 11 of the 12 drilling rigs at its 85%-owned Cascabel copper-gold project, suggest there is much more intense mineralization in the property than thought earlier, the company said.
Environmental assessments already underway will continue under the current process.
The U.S. Army Corps of Engineers has accepted Pebble Limited Partnership’s wetlands-fill permit.