Codelco to cut spending by $8bn through 2028 as profit halves
The world's largest copper miner saw pre-tax earnings to September fall by 57% due to heavy rains, strikes and lower metal prices.
Cecilia Jamasmie , Editor-in-Chief
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Lucara bets on diamond market recovery, plans mine expansion
The company has earmarked $53 million for early work on a planned underground mine at Karowe. A final investment decision will be made in the second half of 2020.
Canadian town of Asbestos, in Quebec, seeks new name
Former mining town asks residents to submit suggestions.
Oz Minerals to kick off construction at $35 million mine in Brazil after series of Vale deals
Pedra Branca underground mine is expected to have an annual production of about 18,000 tonnes of copper and 11,000 ounces of gold over an eight-year mine life.
Anglo American sells stake in Australian coal mine for $141m
A 12% interest in the Grosvenor coking coal mine is being acquired by a consortium of Japanese companies.
Aurania finds evidence of highly sought-after lost gold city in Ecuador
Company geologists found vestiges of an old road in the central part of its Lost Cities-Cutucu project.
Mongolia says Rio’s Oyu Tolgoi mine expansion to go ahead
The miner feared the government would try to completely renegotiate the agreements underpinning the asset's development.
Lynas close to securing funding for rare earths plant in the US
Details about how it will fund the development of a heavy rare earths processing facility in Texas is expected to come by the end of February.
BHP becomes Ecuador-focused SolGold’s largest shareholder
Australia's largest gold producer Newcrest Mining was, until now, SolGold’s largest shareholder.
Avesoro Resources shareholders granted more time to decide on takeover
Investors now have until Dec. 3, by 5pm ET, to cast their vote.
How 2026 will reshape the US critical mineral resilience
Emerging federal activity shows two key themes: growing support for high-risk minerals and renewed focus on domestic processing technologies.
