Hole 67 returned an intersection of 1,131.6 metres at 1.11% copper equivalent from a depth of 132 metres.
Trevali Mining liquidates Burkina Faso assets after deadly flood.
The miner’s 90%-owned subsidiary Nantou Mining has kicked off a shutdown process that includes the disposal of all assets in the country.
Harmony Gold expands into copper with $230m project buy.
The Eva project in Australia adds 1.72 billion pounds of copper and 260,000 ounces of gold to Harmony’s mineral reserves.
SolGold becomes sole owner of Cascabel with Cornerstone buy.
The friendly deal is SolGold’s third attempt to take over the Canadian junior to own 100% of the project in Ecuador.
Torex Gold secures final environmental permit for Media Luna project in Mexico.
Torex Gold (TSX: TXG) can begin operations at its flagship Media Luna gold project in Mexico, part of the company’s Morelos property, after securing a key and final environmental permit from the country’s Secretariat of Environment and Natural Resources (SEMARNAT).
RG Gold launches $420 million processing plant.
Kazakh gold miner RG Gold has launched a new processing plant worth more than $420 million. The added capacity is expected to enable the company to quadruple its 2023 output to approximately 190,000 ounces.
US steps away from flagship lithium project with Berkshire.
In a February meeting with mining executives, President Joe Biden laid out an aggressive goal for the United States to produce more of its own minerals for the electric vehicle revolution in ways that respected the environment.
Peru’s copper output dips for second straight month in August.
Peru’s copper production fell 1.5% year-on-year in August, the second consecutive monthly drop, due largely to lower activity from several mines controlled by Freeport-McMoRan Corp and Grupo Mexico, according to government data.
Sibanye-Stillwater eyes Zambia’s Mopani Copper Mines.
Expansion-minded Sibanye-Stillwater is interested in Zambia’s Mopani Copper Mines (MCM), the mine and smelter complex looking for new investors after Glencore sold the asset to the state firm ZCCM-IH in January last year.
Horizonte Minerals flags cost increase at Brazil nickel project.
The company started building the Araguaia nickel mine, which it acquired from Glencore in 2015, in May this year.
Aura Minerals advances Matupá gold project in Brazil closer to production with FS release.
Aura Minerals (TSX: ORA) has released the results of a feasibility study for its wholly owned Matupá gold project located in Mato Grosso, Brazil. Matupá will be an open pit mine situated in the Alta Floresta gold province, a prolific region with large companies operating and exploring in the area, including Anglo American, Codelco, Nexa Resources, Iamgold and Yamana Gold.
Iron ore price rises as China port inventory shrinks.
Iron ore prices rose on Monday, as portside inventory in top steel producer China shrank during the Golden Week holidays to the lowest since mid-July, indicating strong demand for the steelmaking ingredient.
