September 17, 2024

Bank of America forecasts copper price above $10,000, iron ore price below $80 by 2025

While the outlook for iron ore appears grim, BofA remains bullish on copper due to strong structural demand.

September 17, 2024

Magna Mining PEA update hikes return five-fold for Crean Hill nickel project

The PEA gives the underground mine a base case post-tax net present value (at an 8% discount) of C$194.1 million.

September 17, 2024

Midnight Sun solves Zambian licence error

The disputed Kazhiba licence is one of three target areas on the company’s 506-sq.-km property.

September 17, 2024

BHP warns AI boom would worsen copper shortage

Growth of data centres and AI could boost copper demand by 3.4 million tonnes a year by 2050, CFO Vandita Pant said.

September 16, 2024

First Quantum offers voluntary retirement to Cobre Panama workers

The mine was shut down in November, hours after Panama's Supreme Court declared its contract unconstitutional.

September 16, 2024

Daye copper plant in China to close for 3 months after fire

The stoppage could mean the release of copper raw materials to the market, which has faced unprecedented shortages this year.

September 16, 2024

Antofagasta to invest $3.5 billion in 2025 amid portfolio expansion

The miner is actively looking for copper projects in Peru that can yield at least 50,000 tonnes of the red metal for 10 years or more.

September 16, 2024

Ivanhoe Electric says Santa Cruz PFS on track for Q2 2025

The PFS will include a mine plan that will be supported by a new mineral resource and reserve estimate.

September 13, 2024

Ivanhoe to explore Zambia with a view of replicating success in DRC

The company said it has applied for a significant exploration licence package in Zambia.

September 13, 2024

Zambian copper mines desperate for power find an unlikely savior

Zambia has almost run out of water for generation at Kariba, the world’s biggest man-made reservoir.