October 26, 2022

Barrick CEO says Zambia’s Lumwana mine life could be extended to 2060

Speaking at a media briefing, Mark Bristow said since 2019 Lumwana’s fortunes had been turned around, making it one of Zambia’s largest copper producers.

October 26, 2022

Inflation-hit miners are seeing early signs of cost relief

The financial chiefs of First Quantum Minerals and Lundin Mining noted a shifting trend on costs for mine supplies during their third-quarter earnings calls.

October 26, 2022

Chile’s government, miners still clashing over mining royalty bill

The president of Chile's National Mining Society argued that the government should consider promoting more mining production instead of increasing taxes, arguing this would make a greater contribution to the…

October 26, 2022

Hochschild makes new discovery at Pallancata

The new area, called Royropata, is not in the current permitted area, but the company believes that the discovery “has the potential to secure the medium-term future of the Pallancata…

October 26, 2022

European aluminum giant calls for sanctions on Russian metal

Norsk Hydro, which operates the largest primary aluminum plant in Europe, is calling for sanctions to be imposed on Russian metals.

October 26, 2022

Freeport in early talks to extend Indonesia copper rights beyond 2041

Company also reiterated long-standing comments that does not need to buy a rival to grow, pointing to expansion plans in the United States and Asia.

October 26, 2022

Chile amends mining royalty bill with flat 1% ad valorem rate

Additional royalties would be assessed at rates fluctuating from 8% to 26% based on miners' operating margin.

October 26, 2022

World’s biggest uranium miner seeks extra shipping capacity bypassing Russia

Company is seeking to boost the capacity of its alternative shipping route which bypasses Russia to mitigate risks from potential sanctions.

October 25, 2022

Rio Tinto reiterates $3.3bn offer for Turquoise Hill after ISS recommends against deal

ISS on Monday had recommended Turquoise Hill shareholders to vote "against" the deal, joining the Canadian miner's second-largest shareholder Pentwater Capital Management.

October 25, 2022

Lundin Gold completes vent raise at Fruta del Norte mine

The South vent raise has been under construction for the past three years.