Rio Tinto charts path to cut spending and boost returns
VANCOUVER — At a shareholder meeting in Sydney, Rio Tinto’s (NYSE: RIO; LSE: RIO) executive team laid out a plan to reinvigorate the world’s second-largest miner.
Copper
Pershimco goes long on Panamanian copper
While it may not be a name many are familiar with, Pershimco Resources (TSXV: PRO) thinks its Cerro Quema project could let it become the next big name in Panamanian copper.
Vale commissions hydromet nickel plant at Long Harbour
VANCOUVER — Twenty years after Diamond Fields Resources discovered nickel in at Voisey’s Bay in Labrador and eight years after Vale (NYSE: VALE) predecessor Inco started mining, work is now wrapping up on a state-of-the-art…
Taseko heads to court to shelve New Prosperity panel findings
VANCOUVER — Taseko Mines (TSX: TKO; NYSE-MKT: TGB) is certain Natural Resources Canada (NRCan) used the wrong project design in assessing the tailings storage facility at the proposed New Properity mine, a fundamental error that led the…
Hudbay to triple copper-equivalent production by 2016
Hudbay Minerals’ (TSX: HBM; NYSE: HBM) CEO David Garofalo says the company is more focused on the bigger growth picture than what will happen in the next quarter.
U.S. markets rise slightly, Nov. 25-29
The Dow Jones Industrial Average and the S&P 500 marked their eighth straight week of gains with the Dow climbing 21.64 points or 0.14% to 16,086.41 and the S&P 500 up 1.05 points or 0.10% to 1,805.81. The eight-week streak for the…
Highland Copper to acquire White Pine
Highland Copper (TSXV: HI; US-OTC: HDRSF) is expanding its footprint in northern Michigan with the acquisition of the White Pine copper project, 100 km southwest of its Keweenaw copper project.
Augusta shares whipsawed on EPA commentary
Shareholders of junior outfit Augusta Resource (TSX: AZC; NYSE-MKT) got a little skittish after the release of a letter from the U.S. Environmental Protection Agency (EPA) by non-government organization Save the Scenic Santa Ritas (SSSR), a…
Prophecy Platinum reports a half-mile of mineralization
Picture seven football fields in a row of continuous mineralization, and that’s the width of platinum group metal (PGM) mineralization intercepted in a single drill hole at Prophecy Platinum’s (TSXV: NKL; US-OTC: PNIKF) Wellgreen…
Analysts see quiet copper market in 2014
VANCOUVER — Increasing mine supply, limited demand and concentrate stockpiles in China have analysts predicting a subdued year for copper in 2014.
Capstone misses but still impresses with production profile
Capstone Mining (TSX: CS; US-OTC: CSFFF) has proven that a slump in commodity prices hasn’t curbed its appetite for growth. With its recent acquisition of BHP Billiton’s (NYSE: BHP) Pinto Valley copper mine in Arizona…
Copper Mountain sinks on $30M equity raise
Copper Mountain Mining (TSX: CUM) shares have been sliding since the company’s surprise move to raise $30.1 million in a bought deal to fund a secondary crusher and increase throughput at its eponymous copper–gold mine near…