BHP starts $5B upgrade at world’s largest copper mine
BHP (ASX, NYSE, LSE: BHP) has kicked off the environmental permitting process for a new concentrator at its giant Escondida copper mine in Chile, a project valued around $5 billion…
South America
Silver X raises C$69M in private placement
Silver X Mining (TSXV: AGX) has closed a convertible debenture financing of C$69 million to support its projects based in Peru. Under a brokered private placement, the Canadian silver miner…
Chilean court revives $2.5B Dominga project permit
Chile’s Antofagasta Court of Appeals has suspended its own ruling against the $2.5 billion Dominga mining and port project, temporarily restoring its environmental permit and sending the case to the…
Freeport seeks permit for $7.5B Chile copper expansion
U.S. miner Freeport-McMoRan (NYSE: FCX) has begun the environmental permitting process for a $7.5-billion expansion of its majority-owned El Abra copper mine in Chile. The project, owned 51% by Freeport…
Royal Road eyes ‘meaningful’ underground mine as Colombia drilling resumes
Royal Road Minerals (TSX-V: RYR) said recent drilling at its Guintar-Aleman-Margaritas gold-silver-copper project in Colombia suggests the deposit could support a bulk-tonnage underground mine. Hole GUI-DD-028 cut 76 metres of…
Orion’s largest fundraising lifts total past $9B
Orion Resource Partners has completed the final close of its Mine Finance Fund IV at $2.2 billion, representing its biggest fundraising to date. Pension funds, sovereign wealth funds and other…
Centaurus inks Glencore deal for Jaguar nickel output
Centaurus Metals (ASX: CTM) has moved closer to a final investment decision on its Jaguar nickel project in Brazil after Glencore (LSE: GLEN) signed a binding five-year offtake agreement that…
Investors prefer North America to Africa: Sprott chief
Rising gold and silver prices – and the resource nationalism they have fuelled in some African countries – are making North American mines and projects more attractive to global miners amid a search for stable operating environments, says Sprott Asset Management’s chief investment officer. …
Oil shock could sharply raise mining costs: BMO
If crude hits $100 a barrel, mining costs could rise about 20% for iron ore, 16% for copper and 9% for gold.
Cabral Gold surges on best results as output nears
Cabral Gold (TSXV: CBR; US-OTC: CGBZF) shares shot to a new high after results from its Jerimum Cima target in northern Brazil returned the company’s strongest intervals ever as exploration…
US pours $1B into Latin America critical minerals
The United States has poured more than $1 billion into critical minerals investments across Latin America since January 2025, signalling a more assertive effort by Washington to secure supplies of…
Editorial: The new feasibility
All the largest companies are doing it. Why shouldn’t Canada do it, too? The global mining industry has converged on a single idea: copper is the most important strategic metal….