Hudbay’s New Britannia expects first gold by Q3 2021
New Britannia refurbishment is about 64% complete and commissioning of the gold plant is expected in mid-2021, three months earlier than originally planned.
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Cameco sees long-term opportunities while dealing with ‘near-term’ pandemic costs
With its Cigar Lake uranium mine in northern Saskatchewan on care and maintenance, Cameco reported a quarterly net loss of C$61 million.
China targets 20% share of new energy vehicle sales by 2025
The plan, which covers the period from 2021 to 2035, will also see battery-electric vehicles dominating new vehicle sales by 2035.
Chile’s mining investment to lag while constitution rewritten, official says
The world-leading copper industry may see investment lag for at least two years.
Billionaire Gina Rinehart’s wealth swells with Hancock’s A$4bn profit
Hancock Prospecting reported a A$4 billion ($2.9bn) net profit after tax for financial 2020, a 56% improvement from the A$2.6 billion logged last year.
Union at Candelaria rejects new deal, strike continues
Workers said will push forward with the nearly month-long strike that has shut down the mine in Chile.
Copper trading volumes rebound as speculators return
Copper volumes on world exchanges are climbing again as a buoyant economic recovery from covid-19 in top metals consumer China spurred speculators to pile back into the market.
Gold price retreats as US voting stretches on
Spot gold fell 0.4% after voting tallies showed a tight race in the US presidential election.
Marathon derisks Valentine with permitting milestone
In April, the company released a prefeasibility study for Valentine, which outlined a 12-year open pit and conventional milling operation producing an average of 175,000 oz. of gold annually in the first nine years of operation.
