First Quantum seeks to speed up Peru projects after Panama debacle
The miner controls the La Granja project, worth at least $2.5 billion, and the $1.86 billion Haquira project.
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Record gold and copper prices are also a boon for illegal mining in Peru
Illegal mining had become a “huge challenge” and that the government was working on a bill to create a new framework for small miners.
Southern Copper aims to boost Peru output by 520,000t in 8-10 years
Southern Copper operates the Cuajone and Toquepala mines in Peru.
Glencore, Rusal extend aluminum supply contract into 2025
Glencore is legally bound to continue the contract because Rusal has not been directly targeted by Western sanctions.
Faraday Copper rallies on $15 million bought deal to advance Arizona project
Its Copper Creek project in Arizona is labelled as one of the largest undeveloped copper projects in the US.
Lawyers representing Congo claim to have new evidence on Apple’s use of conflict minerals
Apple has said in the past that it does not directly buy, procure or source primary minerals, and it has been auditing its suppliers for several years.
Iamgold arranges $300 million financing to restore stake in Côté mine
Iamgold will look to buy back a 9.7% interest in Côté from Sumitomo.
Fortescue excluded from world’s biggest hydropower plant development
The Grand Inga has long faced headwinds because of Congo’s history of corruption and the expected cost of the multiphase project.
Kenorland stock surges as Centerra Gold takes 9.9% stake
The company is already working with Centerra on the Hunter project in Quebec.