Teck ups stake in Chile Quebrada Blanca copper mine in $162.5m deal
Company now owns 90% of Compañía Minera Teck Quebrada Blanca, which main asset is the namesake copper project in Northern Chile.
Cecilia Jamasmie , Editor-in-Chief
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Miners, commodities hit as US-China trade war heats up
Mining companies saw its shares plummet along with metal prices on Wednesday as China announced additional tariffs on US products, a move experts say is likely to heighten global concerns of a tit-for-tat trade war between the world's biggest economies.
Eldorado scores key win in row with Greece over projects
Ruling rejects the Greek State's motion that Eldorado's technical study for a metallurgy plant in the country’s Stratoni Valley, was in breach of any agreements between the parts.
Murray & Roberts scores $313 million worth of new mining projects
South African engineering and construction group, currently subject of a takeover bid from Germany’s ATON, said projects were located in sub-Saharan Africa, North America and Australasia.
Next phase at one Australia’s largest copper-gold projects gets OK’d
Permit allows Oz Minerals to start phase two of construction at Carrapateena copper-gold project, in South Australia, this month.
Randgold Resources Tongon mine in Ivory Coast hit by strike
Recurrent industrial action by the workforce of a subcontractor it's jeopardizing Tongon's 290,000-ounce production forecast.
Codelco CEO to stay on after Chile’s new Gov’t reshuffles management
Nelson Pizarro, who took the post in 2014, has played a critical role in the drive to reduce spending and force a reduction in costs, while kicking off a major overhaul of Codelco’s aging mines to deal with dwindling ore grades.
Chile’s recent coal phase-out decision claims first victims
French power company Engie SA is closing all of its coal-fired power plants in the country. It plans to replace the capacity with renewable energy.
Exploration spending in Canada’s poorest regions keeps sliding
The Northwest Territories and Nunavut, two of the three regions with the lowest income per capita, will see exploration investment to drop again in 2018, Natural Resources Canada says.
Miners ask Congo to introduce sliding royalty scale
The proposal, signed by companies responsible for 85% of the DRC's copper, cobalt and gold output, suggest that sliding royalties will give the government a higher share of revenues.
Savannah nears full ownership of Barroso lithium lease
The Aldeia lease transfer would expand Barroso’s resource base as Savannah targets EU lithium supply and advances permitting.
