Taseko Mines Limited has announced the issuance of a final Underground Injection Control Permit (UIC) from the US Environment Protection Agency (EPA) for its Florence Copper Project. With this crucial permit, the construction of the Florence Copper commercial production facility can commence, supported by an after-tax NPV (8%) of US$930 million and an annual production […]
Rio Tinto and First Quantum Minerals have finalized a joint venture to expedite the development of the La Granja copper project in Peru. The venture comes at a time when the demand for copper is surging due to its pivotal role in green technologies and the global energy transition. This joint venture aims to unlock […]
Kamoa Copper S.A., a subsidiary of Ivanhoe Mines, is pioneering a new trade route for African copper, connecting the heart of the continent to global shores. A freshly inked memorandum of understanding (MOU) with the Lobito Atlantic International SARL Consortium, a heavyweight trio including commodities magnate Trafigura Pte Ltd, infrastructure giant Mota-Engil, and rail titan […]
Vortex Metals has announced its intent to acquire up to an 80% interest in the Illapel Copper Project in two stages, under a non-binding Letter of Intent (LOI) with SCM Ventana Minerals Group, a mining company based in Santiago, Chile. The two parties have agreed to a 90-day exclusivity period to work out the details […]
Stellantis, a Dutch automaker, will acquire a 14.2% equity stake in McEwen Copper for $155 million, becoming the second largest shareholder along with Rio Tinto. McEwen Copper is a subsidiary of Canadian mining company McEwen Mining and holds a 100% stake in the Los Azules copper project in San Juan, Argentina and the Elder Creek […]
Thiess has been selected by Rex Minerals as the preferred mining services provider for the latter’s Hillside copper-gold project in South Australia. The parties have entered into a non-binding letter of intent (LOI) in this regard to establish a strategic alliance that will allow them to work together to come up with an optimal mining […]
Vedanta Limited said that its fully-owned subsidiary — Monte Cello BV (MCBV) has agreed to sell Copper Mines of Tasmania (CMT), the owner of the Mt Lyell Copper Mine in Australia, through an option agreement with New Century Resources. The Mt Lyell Copper Mine is a small copper asset, which has been placed on care […]