Anglo American shares drop on South Africa challenges, production cut
Shares hit their lowest point since March 2020 after the miner unveiled plans to drastically cut the amount of commodities it mines.
Copper
Chile aims to be among world’s top three cobalt producers
Chile, the world’s top copper producer, unveiled this week an ambitious plan to become one of the three largest cobalt producing nations as it simultaneously boosts its lagging copper output….
Global gold snapshot: Eight companies exploring the world for the yellow metal
As gold prices reach historic highs of US$2,019 per oz., exploration companies are pursuing the yellow metal from up and down the Americas to Down Under. Here’s an overview of…
Ivanhoe Mines quadruples exploration spend in search of more DRC copper
Ivanhoe Mines (TSX: IVN) has increased its exploration budget to US$90 million for 2024, quadrupling the previous amount. The primary focus of exploration activities will be the Western Foreland project…
Arras, Teck join forces in hunt for critical minerals in Kazakhstan
Arras Minerals (TSXV: ARK) announced Thursday that it has formed a strategic alliance with Teck Resources (TSX: TECK.A, TECK.B) to explore for critical minerals within Arras’ land package in Pavlodar,…
Why prices will soon catch up with the commodity supply crunch
Today we’re unpacking the poorly understood world of commodity inventories. We’ll look at the critical role they play in maintaining market stability and why it could come unstuck in the…
Rob McEwen doubles stake in BC-focused junior Goliath Resources
Canadian mining mogul Rob McEwen is upping his stake in Goliath Resources (TSXV: GOT; US-OTC: GOTRF), a junior that’s advancing gold projects in northwestern British Columbia. The chairman and chief…
JV Article: Nine Mile Metals uses new tech to see deeper
Using new technology to see deep into the Earth, Nine Mile Metals (CSE: NINE) is hoping to unlock the secrets of New Brunswick’s prolific Bathurst Mining Camp. Most times when…
Norway lawmakers back deep-sea mining in Arctic Ocean
Norway has secured a parliamentary majority to act on plans to open the Arctic Ocean to seabed mineral exploration, despite environmental groups and the fishing industry’s warnings that the move…
Fortune Minerals stock gains on government funds for NICO
Fortune Minerals (TSX: FT; US-OTC: FTMDF) shares soared on Tuesday after the Canadian miner announced government funding of up to $887,170 to help advance its longstanding NICO cobalt-gold-bismuth-copper project in…
Hudbay’s plan to boost Copper Mountain output comes at a cost
Hudbay Minerals (TSX: HBM; NYSE: HBM) on Tuesday tabled a new mine plan for its Copper Mountain acquisition in southern British Columbia, outlining a planned 90% production hike at half…
Crude Anglo American email highlights cyber-hack threat
Subscribers to global miner Anglo American’s (LSE: AAL) email newsletter service might have received an eyebrow-raising message from the company on Monday telling them to “GO F**K YOURSELF.” The company’s…