IGO to buy Western Areas for A$1.1B amid soaring nickel demand
Australian nickel and lithium miner IGO (ASX: IGO) is buying rival Western Areas (ASX: WSA) in an all-cash deal valued at A$1.1 billion (about US$793 million), marking what could be…
Copper
Hudbay releases initial estimate for Copper World, near Rosemont in Arizona
Hudbay Minerals (TSX: HBM; NYSE: HBM) has released the initial resource estimate for its Copper World deposit with 272 million indicated tonnes and 142 million inferred tonnes, both grading 0.36%…
SolGold reports first resource estimate for Cacharposa deposit in Ecuador
SolGold (TSX: SOLG; LSE: SOLG) has released an initial resource estimate for its Cacharposa porphyry copper-gold deposit, part of the company’s Porvenir project in southern Ecuador, about 100 km south…
Stronger metal prices lift NPV of Copper Mountain’s Eva project in Australia to US$622M
Copper Mountain Mining (TSX: CMMC; ASX: C6C) has updated the economics for its Eva copper project, finding healthier economics thanks to higher metals prices, but also a higher capital commitment….
Eldorado Gold eyes further growth outside Greece
Eldorado Gold (TSX: ELD; NYSE: EGO) says it has completed key growth projects at two of its assets — the Lamaque mine in Val d’Or, Quebec, and the Kışladağ gold…
Strong EV sales will buoy battery metal prices next year
Electric vehicle sales have surged nearly 90% so far this year and will likely jump by 40% year-on-year in 2022, economist Patricia Mohr tells The Northern Miner. The former vice-president…
Decarbonization plays the metals fiddle in 2022
The recent 26th edition of the Conference of the Parties (COP26) brought about renewed vigour to phase down carbon dioxide emissions across the globe. Still, to get there, the mining…
Rio Tinto to write off US$2.3B Oyu Tolgoi loan to Mongolia
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) will cancel a US$2.3 billion debt owed by Mongolia as part of the government’s share of the development costs for the giant…
JV Article: QuestEx Gold & Copper is exploring for world-class projects in BC
Canadian explorer QuestEx Gold & Copper (TSXV: QEX; US-OTC: CLASF) holds approximately 110,000 hectares of mineral tenures that host precious and base metals projects in the Golden Triangle and Toodoggone areas…
JV Article: Equity Metals hits bonanza-grade silver at Silver Queen in BC
Canadian explorer Equity Metals (TSXV: EQTY; US-OTC: EQMEF) owns precious-base metal and diamond projects in British Columbia and the Northwest Territories. The Vancouver-headquartered junior is focused on advancing its 100%-owned flagship Silver…
US markets climb, Dec. 6-10
The Dow Jones Industrial Average rose 4.02% or 13,909.91 points to 35,970.99 and the S&P 500 increased 3.82% or 173.59 points to 4,712.02. Spot gold ended the week at US$1,782.90…
Infinitum Copper plans IPO in January; advances Adelita project in Mexico
With an “A” team of technical advisors, Infinitum Copper has big plans for its Adelita copper project in Mexico, and plans to list on the Toronto Venture Exchange early next…