March 27, 2023

Majuba Hill acquires Copper King and Desert Mountain claims in Utah

The two claim blocks are 56 miles southwest of Kennecott’s prolific Bingham Canyon Mine Complex.

March 27, 2023

Foran closes C$100m private placement for Saskatchewan exploration

Foran holds eight properties encompassing over 140,000 hectares within the Hanson Lake District of eastern Saskatchewan.

March 27, 2023

Copper price rises on lower supply

Copper inventories in warehouses monitored by the Shanghai Futures Exchange were down 11.6% last Friday.

March 27, 2023

Copper Mountain shrugs off disappointing 2022, sets improved output guidance

For 2023, the company is forecasting copper production to reach 88 million to 99 million lb.

March 27, 2023

Column: Funds dump copper amid financial market turbulence

The investment community has turned net short of CME copper for the first time in five months, while funds have cut their long exposure on the London Metal Exchange.

March 27, 2023

Mexico okays Pan American Silver-Yamana Gold deal

With the acquisition of Yamana, Pan American is increasing its Latin American portfolio to 12 mining operations.

March 26, 2023

Panama launches public consultation process over new contract with First Quantum Minerals

The non-binding public consultation process started on March 24 and ends on April 22, 2023.

March 25, 2023

Billionaire mining tycoon in India fights to clear Vedanta’s debt

Vedanta Resources has close to $2 billion of bonds to settle in 2024 — half of which is due in January.

March 24, 2023

Mitsubishi enters Casino project in Yukon, acquiring 5% stake in Western Copper

In summer 2022, Western published a feasibility study on the Casino project, outlining an after-tax NVP of C$2.3 billion with an IRR of 18.1%.

March 24, 2023

Canada budget to have tax credit for equipment used to produce EVs – sources

Country will introduce in its budget a 30% investment tax credit to boost clean-tech manufacturing, Reuters reported.