July 27, 2023

Vale to sell 13% stake in base metals unit for $3.4 billion

Vale Base Metals is expected to invest $25-30 billion in new projects across Brazil, Canada and Indonesia over the next decade.

July 27, 2023

Ivanhoe eyes higher copper production following metallurgical test breakthrough

The company is targeting total copper recoveries in the mid-nineties from this breakthrough.

July 27, 2023

Kodiak Copper confirms extended mineralization at MPD project in British Columbia

The company said a new zone of structurally hosted high-grade copper-gold-silver mineralization was discovered east of the West zone.

July 27, 2023

Analysts mark down copper price forecasts as output ramps up

Analysts have pared price forecasts for the metal as supply expands while demand in China remains muted.

July 27, 2023

Australia to add to priority critical minerals by year-end

Minister Madeleine King said the government would prioritise support for critical minerals projects that underpin key technologies such as battery chemicals.

July 27, 2023

Anglo and Teck underline mining retreat as China dampens profits

Anglo reported a more than 40% fall in underlying earnings to $5.1bn, while Teck posted an even sharper drop in Q2 profit of over 50% to C$1.48 billion ($1.1bn).

July 27, 2023

Teck cuts copper guidance on lower output at QB2

QB2 is the first step in Teck’s plan to grow its copper footprint and implies extending the aging deposit’s life by 28 years.

July 26, 2023

Alaska asks US Supreme Court to undo EPA Pebble mine veto

Alaska said the restrictions violate the state’s sovereign right to regulate its lands and waters.

July 26, 2023

Cochilco cuts 2023 copper price forecast to $3.85/lb

The agency had previously set a forecast of $3.90 in May.

July 26, 2023

Foran Mining’s McIlvenna Bay project receives ministerial approval

The copper-zinc-gold-silver project in Saskatchewan has a projected 18-year mine life, over which it could produce 65 million lb. of copper-equivalent annually.