MinRes cuts jobs, costs amid CEO probe
Miner is cutting 570 jobs and slowing construction at its Mount Marion lithium project, as it battles falling lithium and iron ore prices.
Latest Stories
UBS expects copper price to average $10,500 in 2025
Demand from the new energy vehicles, solar, wind and China's grid investment remains resilient; and copper is also benefiting from high-growth industries such as the data centres for AI and defense needs.
American Salars acquires lithium project in Canada’s Quebec
Deal grants the Canadian junior a 100% interest in the mineral claims associated with Lac Simard South lithium project.
BHP walks back comments about moving on from new Anglo American bid
BHP is looking for growth opportunities in the copper sector after failing to take over Anglo American earlier this year.
Sumitomo resumes production at Madagascar’s nickel project
Sumitomo has been struggling to stabilise production and improve profitability at the Madagascar project, which launched in 2005.
IGO revises chemical plant project cost at Greenbushes to $579m
The plant at Greenbushes lithium mine is expected to cost about A$880 million.
Copper output from Codelco down nearly 5% this year, but recovery expected
Codelco sees copper 2024 production of between 1.325 million and 1.352 million tons.
Firefly glows on Newfoundland copper project resource surge
The company expanded its Green Bay copper-gold project’s contained metal by 42% in an update this week, putting it on course to restart the Ming mine in 2028.
Ivanhoe cuts copper forecast on DRC power woes, while Friedland touts new discoveries
The Toronto-based company lowered the copper guidance to 425,000–450,000 tonnes, from 440,000–490,000 tonnes.
