Rio Tinto to miss 2025 emissions cuts targets
The world’s second largest miner won’t be able to achieve a targeted 15% carbon emissions reduction by 2025, unless it uses carbon offsets.
Copper
Bluejay Mining goes solo at Finland project as JV with Rio Tinto ends
Bluejay Mining (LSE: JAY) said Monday that it will take full ownership of the Enonkoski nickel-copper-cobalt project in Finland, as its joint-venture agreement with Rio Tinto has ended. The London-based…
Highland Copper lands private equity partner for Michigan copper-silver project
Highland Copper Company (TSXV: HI) has published a positive new preliminary economic assessment (PEA) for its White Pine North project in Michigan, and at the same time, clinched a new…
Los Andes Copper signs US$20M royalty deal with Ecora Resources
Vancouver’s Los Andes Copper (TSXV: LA; US-OTC: LSANF) has signed a US$20-million royalty agreement with Ecora Resources (TSX: ECOR). The royalty includes a 0.25% net smelter royalty (NSR) on sales…
South32 takes US$1.3B charge on Arizona project
Australia’s South32 (ASX: S32; LSE: S32) announced on Monday a US$1.3 billion ($1.7 billion) non-cash impairment expense on its Hermosa zinc-lead-silver project in southern Arizona, which will be reflected in…
Slowing global trade will make fighting climate change harder, says BHP exec
Mega-miner BHP takes a longer view than most. The Melbourne-based company, with copper, iron ore, coal and nickel mines in Australia and South America, looks at broad global trends that…
NGEx Minerals more than doubles private placement to $85M
Due to strong demand, NGEx Minerals (TSXV: NGEX) has opted to more than double its private placement financing from $40 million to $85 million, issuing approximately 13 million common shares…
Let business lead on energy transition, AusCan Forum hears, while Trudeau touts values
The world has a long way to go to meet net zero emissions targets, but resource-rich Australia and Canada are both well-positioned to help make it happen. During the 8th…
Antofagasta’s Arriagada, Collahuasi boss among top picks for Codelco’s CEO job
Chile’s state-owned miner Codelco, the world’s top copper producer, is said to have narrowed down the list for the company’s potential new chief executive to about five candidates, including Antofagasta’s…
Canada’s regulator clears Newmont’s acquisition of Newcrest
Mining giant Newmont (NYSE: NEM) said on Tuesday the Canadian Competition Bureau had cleared the company to proceed with its intended acquisition of Australia’s Newcrest Mining (ASX: NCM; TSX: NCM)….
SolGold’s Cascabel copper mine licence renewed for 25 years
Ecuador-focused SolGold (LSE: SOLG) said on Monday it had been granted a 25-year licence renewal for its flagship Cascabel copper-gold project in the Andean country. The miner noted the renewal…
Faraday Copper drilling highlights scope for resource growth
Faraday Copper (TSX: FDY; US-OTC: CPPKF) has released a fresh round of assay results from its flagship Copper Creek project in Arizona, with drilling highlighting the potential to connect two…