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Copper
 
RING OF FIRE

Noront appeals Ontario Mining Recorder ruling

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KWG's staked claims for a proposed railway corridor. Noront Resources, the proponent of what could possibly be one of the first projects to get off the ground in Ontario’s prospective Ring of Fire mining district, had launched an appeal to the province’s Mining and Lands Commissioner to set...
24th July 2014
 
 
PROJECT DEVELOPMENT

Fortune Receives final Nico water licence

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The developer of the Nico gold/cobalt/bismuth/copper mine and concentrator in Canada’s Northwest Territories (NT), Fortune Metals, on Wednesday reported that the NT government’s (GNWT’s) Environment and Natural Resources Minister Michael...
23rd July 2014
 
 
PROJECT DEVELOPMENT

Aquila Resources reports positive results for new Michigan project PEA

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Great Lakes-focused Aquila Resources on Wednesday reported positive results of a new preliminary economic assessment (PEA) on its flagship Back Forty gold/zinc project, in Michigan. The new PEA was completed by consulting engineering firm Tetra...
23rd July 2014
 
 
DIVERSIFIED MINER

Freeport-McMoRan reports improved Q2 revenues

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Grasberg, Indonesia US diversified miner Freeport-McMoRan on Wednesday reported improved revenues for the three months ended June 30, as the company’s diversification into oil and gas exploration and production was paying off. The Phoenix, Arizona-based global...
23rd July 2014
 
 
COPPER/GOLD

Copper production drops at DeGrussa in June quarter

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Copper-gold miner Sandfire Resources on Wednesday reported that while copper production from its DeGrussa mine, in Western Australia dropped during the three months to June, production during the full year had increased compared with 2013....
23rd July 2014
 
 
BASE METALS

Glencore expects closing La Bambas sale early August

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Global diversified miner Glencore on Tuesday reported that all conditions to complete the $5.85-billion cash sale of its Las Bambas copper project, in Peru, to a consortium of investors had been met, adding that it now expected to close the deal...
22nd July 2014
 
 
COPPER

Boseto delivers a strong quarter for DML

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Copper miner Discovery Metals Limited (DML) has reported its best quarter since mining operations started at the Boseto copper mine, in Botswana. The mine delivered 5 367 t of copper in concentrate during the quarter ended June, which included...
22nd July 2014
 
 
COPPER

China's MMG a step closer to sealing $5.9bn Las Bambas buy

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China's MMG Ltd won unanimous approval from its shareholders on Monday to buy the Las Bambas copper project in Peru from Glencore Plc for $5.85-billion and sell more than half the output to MMG's majority owner. The sale to a consortium led by...
21st July 2014
 
 
 
 
 
 
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