R/€ = 17.14 Change: 0.10
R/$ = 15.18 Change: 0.07
Au 1834.56 $/oz Change: -4.25
Pt 1050.51 $/oz Change: 30.51


Resources Watch  

Updated 3 hours ago This week: Early income bonanza for funded Witwatersrand gold mining reviver; Hillside Aluminium could get green lifeline by 2030; And, Early copper/zinc production investigations under way at Orion’s Prieska 

Environmental groups sue to undo 2017 PolyMet mine deal in Minnesota

By: Reuters     26th January 2022 Environmentalists sued the US Forest Service on Tuesday in an attempt to reverse a 2017 land transfer that gave PolyMet Mining more than 2 670 ha needed to build an open pit copper and gold mine in northern Minnesota. The suit, led by the Center for Biological Diversity (CBD), claims the project... 

Teck joins rivals with stake in startup tapping copper from waste rock

By: Bloomberg     26th January 2022 Canadian miner Teck Resources bought a stake in a US startup that can extract copper out of waste rock, as concerns mount about shortages of one of the metals key to the energy transition. Teck joins BHP Group and Freeport-McMoRan as shareholders in Jetti Resources, which has developed... 

South African pure copper play to list in the first half of 2022 

By: Darren Parker     25th January 2022 Premium grade copper producer Big Tree Copper plans to list on the JSE and/or the Cape Town Stock Exchange (CTSE) in the first half of 2022 as it marches towards full production. The company’s business centres on recycling previously dumped mining waste through above ground processing at the... 

Ero Copper to raise $400m for debt repayment, mine capex

By: Mariaan Webb     25th January 2022 Vancouver-headquartered Ero Copper on Monday announced an offering of $400-million of senior notes to restructure its debt and for capital expenditure (capex) related to a planned new mine in Brazil. The company would use the proceeds from the offering, together with cash on hand, to repay the... 

Rio Tinto CEO concerned about Serbian PM's comments on lithium project

By: Reuters     25th January 2022 Rio Tinto's chief executive said on Tuesday he was concerned about the Serbian prime minister's comments against the company's lithium project, in his first remarks after Belgrade revoked the global mining company's exploration licences. Bowing to environmentalists, Serbian Prime Minister Ana... 

CoE to vote against mining company chairs over dam safety

By: Reuters     25th January 2022 The Church of England (CoE) Pensions Board said on Tuesday it planned to vote against the re-election of company chairs of 183 mining companies unless they sign up to a new global standard on managing mine waste. Created by a 100-strong group of investors representing $20-trillion in assets in... 

Minnesota court orders review of water permit for PolyMet mine

By: Reuters     25th January 2022 The Minnesota Court of Appeals on Monday ordered state regulators to reconsider a wastewater permit that was granted to PolyMet Mining to build an open-pit copper mine, though judges rejected six other challenges to the permit from environmentalists. The appeals court ordered the Minnesota... 

BHP starts Spence automation

By: Esmarie Iannucci     25th January 2022 Major BHP has started autonomous drilling at its Spence copper operation, in Chile. The miner said on Tuesday that five autonomous drills will gradually be put into operation at Spence, with the company hoping that 100% of its drill pool would eventually becoming autonomous. 

Rio strikes deal to start Oyu Tolgoi underground

By: Esmarie Iannucci     25th January 2022 Diversified miner Rio Tinto has announced the restart of underground operations at the Oyu Tolgoi project, in Mongolia, after reaching an agreement with the government of Mongolia. Rio said in a statement that the agreement will move the Oyu Tolgoi project forward, resetting the relationship... 

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