Teck stock drops to seven-month low on rising cost of flagship copper mine
The Quebrada Blanca 2 project would now cost between $8.6 billion and $8.8 billion, compared with an earlier estimate of $8 billion to $8.2 billion.
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Nigeria seeks to tighten rules to curb raw mineral exports
The country has lithium, gold, bitumen and iron ore deposits and is intent on emulating nations such as Indonesia in climbing up the commodities value chain.
Anglo American lowers 2023 copper production guidance
Anglo expects to produce between 830,000 and 870,000 metric tons of copper this year, lowering a previous forecast of 840,000 to 930,000.
Australia boosts critical minerals fund by over $1 billion to attract international investors
The $1.3 billion boost will increase the capacity of Australia’s Critical Minerals Facility to finance mining and processing projects for materials.
Rock Tech Lithium to raise $7.3 million for Georgia Lake, converter projects
Located 160 km northeast of Thunder Bay, Georgia Lake is planned as an open-pit and underground mining project.
Malaysia allows Lynas to import radioactive raw material until 2026
The extension comes despite recent concerns in Malaysia about radiation levels from raw material processing.
Teck Resources says restructuring remains ‘priority’ as Q3 underwhelms
The company expects to see annual production at the lower end of its 2023 guidance for QB2.
Namibia orders police to stop Chinese firm’s lithium exports
China's Xinfeng has previously clashed with Namibian authorities over exports.
Freeport Indonesia will need to slash output in 2024 if not allowed to export concentrate
Indonesia is set to stop exports of copper concentrate from May after the government delayed the implementation of a ban from June this year.