December 6, 2023

State auditors recommend Freeport Indonesia be fined for smelter delays

In a December 2018 deal, Freeport and Jakarta agreed that the miner would complete the smelter within five years.

December 6, 2023

Rob McEwen ups stake in junior explorer Goliath Resources

The owner of McEwen Mining made his first investment in Goliath as recently as October 2.

December 6, 2023

Rescuers pull out first survivor of Zambia landslide that trapped 38 miners

On Dec. 1 a landslide inundated an open-pit copper mine and trapped at least 38 people who were working there without a permit.

December 5, 2023

Hudbay’s plan to boost Copper Mountain output comes at a cost

The new 21-year mine plan includes operational enhancements such as remobilizing idle haul trucks, opening additional mining faces, and accelerating stripping to access higher-grade ore.

December 5, 2023

Copper futures dragged down by China’s credit downgrade

Moody’s Investors Service cut its outlook for Chinese sovereign bonds to negative, underscoring deepening global concerns over debt levels in the world’s largest consumer.

December 5, 2023

Rio Tinto looking at synergies to reshape portfolio, not big M&A

"The last thing we need is very big M&A, because it's very disruptive and it takes you off course," CEO Jakob Stausholm said.

December 5, 2023

Deadly attack spurs plea for Peru crackdown on unlicensed mines

The industry is laying part of the blame on temporary permits known in Peru as Reinfo, a registry that allows informal miners to operate with some legal protections while they…

December 5, 2023

Fortune Minerals stock gains on government funds for NICO project

The funds will be used to support a mini-pilot to confirm certain process design criteria and improvements to the NICO project metallurgical processes in Canada's Northwest Territories. .

December 5, 2023

Antofagasta, union begin mediation to avoid strike

The nearly 400 employees represented by a Centinela workers union last month overwhelmingly rejected a contract proposal from Antofagasta.

December 5, 2023

Zambia’s president hopeful that trapped miners still alive

The miners at Seseli Mine were trapped in three locations and heavy rains had flooded the pit.