Prolonged Iran war would hammer top copper miners
A prolonged Iran conflict could push copper into surplus and sharply cut earnings for major producers, according to Bloomberg Intelligence. Oil above $150 a barrel in a drawn-out war that…
South America
Central banks’ gold buying momentum carries into 2026
Central banks remained firm buyers of gold in January even as prices were skyrocketing to records — though the institutions’ appetite for bullion could face a stern test amid rising…
Fitzroy finds wide copper in Chile’s Punta del Cobre belt
Fitzroy Minerals (TSXV: FTZ; US-OTC: FTZFF) says drilling at its Buen Retiro project in northern Chile is revealing a major copper system as the company prepares to release an initial resource….
NGEx hits 6.8% copper at Argentina’s Lunahuasi
NGEx Minerals (TSX: NGEX; US-OTC: NGXXF) reported new high-grade drill results from its Lunahuasi copper-gold-silver project in Argentina that bode well for a first resource. The stock soared. Hole DPDH059…
China spent $120B to lock down critical minerals overseas: report
China has invested more than $120 billion in overseas mining and upstream processing since 2023, accelerating a state-backed push to secure the raw materials underpinning the global energy transition, says…
Opinion: Copper rally masks smelting power shift
Copper has rarely looked stronger. Prices are hovering near record levels, buoyed by electrification, artificial intelligence-driven demand expectations and a constrained pipeline of new mine supply. For producers and financial…
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…
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…