October 26, 2022

Freeport in talks to buy Arizona copper smelter

Executives from Phoenix-based Freeport recently toured the Hayden smelter -- owned by Grupo Mexico unit Asarco -- to appraise the operation.

October 26, 2022

Newcrest quarterly gold output falls 17% sequentially on planned shutdowns

The company's quarterly copper output also declined.

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

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

Copper price jumps as dollar eases

Metal price edged higher buoyed by a weaker dollar and amid hopes the pace of US interest rate hikes would slow down.

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 25, 2022

More near-term pain for copper companies despite strong fundamentals, analysts warn

Base metals prices have eased considerably in 2022, as demand has weakened while the dollar has strengthened.

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.