World Bank backs $1.4B for Chile’s copper giant
The World Bank Group is holding up a financing structure used by Chile’s state-owned Codelco as a model for mineral-rich countries seeking to attract long-term private capital while reducing mining’s…
Rio Tinto
BHP’s Escondida restart eases tight copper supply woes
The mine halt, low Chinese inventories and an approaching holiday pause had left the copper market with little room for supply disruptions.
Worker death keeps world’s largest copper mine shut
BHP (ASX, NYSE: BHP) kept the globe’s biggest copper mine shut Thursday after an employee was killed during maintenance work at its Escondida operation in northern Chile and regulators investigated…
US, Argentina launch ‘Andes-Atlantic Corridor” with up to $7B backing
The U.S. Export-Import Bank (EXIM) will finance up to $7 billion in Argentine critical minerals and energy projects as Washington seeks to strengthen its access to the region’s resources, the…
Rio Tinto to expand metals trading beyond own output
Rio Tinto (ASX, NYSE, LSE: RIO) plans to expand its metals trading business into third-party material and derivatives as chief executive Simon Trott seeks to squeeze more value from the…
Glencore sets Oct. 14 for Australian market debut
Glencore (LSE: GLEN) expects to begin trading on the Australian Securities Exchange (ASX) on Oct. 14, tapping the country’s A$4.4-trillion (US$3.1-trillion) pension market to support its copper expansion and potential…
Site visit: Titanium, vanadium light up Saga’s Radar in Labrador
Cartwright, Labrador – Over the past several months, the sounds of trucks, ATVs and drill rigs have broken the silence among thick forests in a remote eastern corner of Labrador…
Talon drops plan to build North Dakota mill for Tamarack
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO)-backed developer Talon Metals (TSX: TLO; OTC: TLOFF) has dropped plans to build a mill in North Dakota to process ore from its…
Copper price, miners slide on Trump tariff doubts
Copper prices and U.S. miners plunged Thursday after Reuters reported the White House still hasn’t decided whether to impose tariffs on refined copper as officials weigh support for domestic production…
SW US Spotlight 2: Rio, Teck, Newmont back juniors
Three major miners are backing junior explorers advancing copper projects in the U.S. Southwest, while a fourth company is pushing to become a domestic antimony and gold producer. Teck Resources…
Rio Tinto buys Aurukun bauxite project from Glencore, Mitsubishi
The deal comes as Rio Tinto looks to end operations at its Gove bauxite mine in Australia’s Northern Territory by 2030.
Site visit: Saga races to define Labrador rare earths find
Northeast Labrador – In a small, treeless valley in remote Labrador, a camp of white tents is abuzz with activity as people scurry around to support the larger effort of exploring…