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.
Molybdenum Mining News
On April 8, a line spilled 850,000 litres of process water
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.
A number of suspensions, most notably Katanga Mining in the DRC, have contributed to a tight metal market.
With only a couple of exceptions, metal and mineral prices rallied in 2016 – see at a glance how far the industry has come.
Exchange rules the firm was not allowed to resume trading due to concerns about controversy-plagued Chinese majority shareholder Hanlong Group.
Production costs in Chile, the world’s No. 1 copper producer, were 5.4% higher last year when compared to its global peers’ average.
Activists say the Mount Hope project will have a devastating effect on local water supplies.
A World Conservation Congress’ motion urges the US government to prevent the granting of permits for large-scale mining.
Salvador, Codelco’s smallest operation, has been battling to turn a profit after dwindling ore grades pushed up production costs.
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.
In Idaho, a classic confrontation between a mining company and environmentalists is shaping up at the CuMo project located in Boise National Forest.
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.
Up 43% this year as Chinese imports double.
For every penny copper prices drop, Codelco loses $36 million and Chile, the world's largest producing country, $50 million.
In recent months, mineral claims in B.C. have been put into question as a result of interim treaty agreements.
Codelco says current copper rally will be short-lived.
North America's highest mines are all concentrated in just four states
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.
Eight of the world's highest elevation mines are in one country
Okay from New Brunswick government comes with 40 environmental conditions.
The world's No.1 copper miner will keep output targets and won't make major changes to its $25 billion investment plan.
Freeport-McMoran was up 9.97% on the news to $13.01.
State of emergency declared at Las Bambas.
A flagship mine for the Yukon.