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.
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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.
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 treasury.
World’s largest CO2 removal deal ever depends on tech that isn’t ready yet
British energy company Drax Group wants to build power plants that burn wood chips, capture emissions produced from the process and bury them deep underground.
Hochschild makes new discovery at Pallancata
The new area, called Royropata, is not in the current permitted area, but the company believes that the discovery “has the potential to secure the medium-term future of the Pallancata mine.”
European aluminum giant calls for sanctions on Russian metal
Norsk Hydro, which operates the largest primary aluminum plant in Europe, is calling for sanctions to be imposed on Russian metals.
Brit socialite in gold laundering trial was ‘functioning addict’
James Stunt, the former son-in-law of motor racing supremo Bernie Ecclestone, told a court in Leeds the charges against him are slanderous and railed against an “oppressive” police investigation and prosecutors.
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.
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.