Hudbay Minerals, copper-focused miner, and Manitoba authorities have cleared a staged restart of operations at Snow Lake after the Manitoba Wildfire Service and the Town of Snow Lake lifted a mandatory evacuation order on August 22. Hudbay said inspections found no structural damage to surface infrastructure; milling at New Britannia resumed on August 26 and...
READ MOREPan American Silver, precious-metals miner, and MAG Silver, project partner in Mexico’s Juanicipio mine, have received approval from Mexico’s competition regulator for Pan American’s $2.1-billion acquisition of MAG, clearing the deal to close on or about September 4, 2025. MAG investors can elect $20.54 in cash per share or $0.0001 plus 0.755 of a Pan...
READ MOREDepartment of the Interior, federal resource agency, and the U.S. Geological Survey, science bureau, have proposed a 2025 list of 54 critical minerals that newly elevates copper and silver to “critical” status, shaping federal investment, permitting and stockpiling strategy for the next three years. The draft, to be posted in the Federal Register on August...
READ MORESernageomin, Chile’s mining regulator, and Codelco, state copper producer, have set stricter conditions for bringing shuttered zones of the El Teniente mine back online after a July 31 collapse that killed six workers. The regulator now requires a mine-wide follow-up and monitoring plan to assure stability and safety across underground deposits that remain closed. Codelco—having...
READ MOREMP Materials, rare-earths miner, and Albemarle, lithium producer, stand to benefit as the Commerce Department considers reallocating at least $2 billion from the CHIPS and Science Act toward mining, processing and recycling projects, according to people briefed on the talks. The shift would move money from semiconductor research and fab incentives to shore up U.S....
READ MOREChile’s Copper Commission (Cochilco), the state market monitor, has trimmed its 2025 copper production growth forecast to 1.5% year on year from 3%, citing supply disruptions and mine operating issues. The revision follows a June slump in output at Escondida, the BHP-operated mine that is the world’s largest copper producer, and at Collahuasi, the joint...
READ MORESQM, Chilean lithium and specialty chemicals producer, reported a second-quarter net profit of $88.4 million, down 59% year on year, as realized lithium prices fell and legacy contract floors curtailed volumes. Revenue came in at $1.04 billion, broadly in line with the $1.064 billion analyst consensus, but earnings missed the $143.01 million expected by LSEG-compiled...
READ MORERio Tinto, diversified miner, and BHP, diversified miner, have had a planned federal land transfer for their Resolution Copper project in Arizona paused by a U.S. appeals court, prompting public criticism from President Donald Trump. The San Francisco-based Ninth Circuit issued a temporary stay of the transfer while it considers arguments from the San Carlos...
READ MOREMetallium, an e-waste metals recovery developer, and Flash Metals USA, its U.S. subsidiary, have advanced development of a Technology Campus in Chambers County, Texas that will host their first commercial Flash Joule Heating (FJH) plant, targeting commissioning in December 2025. The company reported proven performance on U.S.-sourced e-waste feedstocks—gold at 100% recovery from material grading...
READ MORENvidia, AI-chip maker, and Taiwan Semiconductor Manufacturing, contract foundry, have doubled down on copper interconnects even as the industry touts silicon photonics, with chief executive Jensen Huang saying optical I/O remains “several years away” from broad deployment and that systems should “stay with copper for as long as we can.” The stance comes as Nvidia...
READ MOREAntofagasta, Chile-focused copper producer, and the Luksic family–controlled miner, reported a near-60% jump in first-half EBITDA to $2.23 billion and a 12-point improvement in margin to 58.8%, driven by an 11% rise in copper production, lower cash costs and stronger realized prices; pretax profit rose to $1.16 billion and the interim dividend was set at...
READ MOREAlbemarle, lithium producer, and Chile’s labor inspectorate, workplace regulator, have begun a formal review of an incident at the La Negra chemical complex near Antofagasta after a complaint that an acid-carrying pipe burst; the company’s facility is operating normally while the inquiry proceeds, according to people familiar with the site. What happened and what’s known...
READ MOREAllonnia, biotechnology developer, and Eagle Mine, US nickel producer owned by Lundin Mining, will deploy a D-Solve mobile unit at Eagle’s Michigan site in 4Q 2025 to remove magnesium and other deleterious elements from nickel concentrate, aiming to raise payable metal and cut smelter penalties in a live production environment. The on-site pilot is designed...
READ MOREBloombergNEF, energy-research firm, and Microsoft, cloud operator, have put hard numbers on the data-center pull on copper: BNEF estimates demand from the sector will average 400,000 t a year over the next decade, peaking at 572,000 t in 2028 and reaching a cumulative 4.3 Mt in use by 2035—layers of new consumption that could stretch...
READ MOREPemex, Mexico’s state oil company, and LitioMx, the national lithium vehicle, have put lithium on the company’s 2025–2035 agenda, with Pemex evaluating direct lithium extraction (DLE) from brines encountered in hydrocarbon wells across five states and considering a new subsidiary, “Pemex Lithium,” to process output into carbonate or hydroxide. Chief executive Víctor Rodríguez said initial...
READ MORES&P Global Market Intelligence, mining data provider, and the gold industry, producers and explorers, have added three deposits to the list of “major discoveries” in 2024, lifting the global inventory of gold contained in discoveries since 1990 to almost 3 billion oz across 353 deposits—but most of the ounces came from old finds that have...
READ MORECodelco, Chile’s state copper producer, and Chile’s labor inspectorate have authorized a phased restart at El Teniente in areas unaffected by the July 31 tunnel collapse that killed six workers, while sections including Recursos Norte and Andesita remain idled pending further inspections and engineering reviews. The return of units such as Pilar Norte, Panel Esmeralda,...
READ MORECodelco, Chile’s state copper miner, and Sernageomin, the national mining regulator, have signalled that the July 31 collapse at El Teniente likely stemmed from stresses created by ongoing extraction rather than a natural quake, as the company seeks permission to reopen parts of the world’s largest underground copper operation following six deaths and nine injuries....
READ MORECodelco, Chile’s state copper producer, and Sernageomin, the national mining regulator, have suspended underground operations at El Teniente after six workers died in a tunnel collapse triggered by a 4.2-magnitude tremor; the company will convene an international panel to determine causes and remedial actions amid concerns over near-term copper supply from one of the world’s...
READ MOREFidelity International, asset manager, and Goldman Sachs, investment bank, have both argued gold could challenge fresh records into 2026, with Fidelity saying prices could reach $4,000/oz by the end of next year as the Federal Reserve eases policy, the dollar weakens and official-sector purchases remain strong. Spot bullion traded around $3,310–$3,350/oz in early August after...
READ MOREGoldman Sachs salespeople recommended hedge-fund clients buy upside call options on U.S. copper a day before President Donald Trump unveiled a scaled-back tariff plan that exempted refined metal, triggering the sharpest price collapse on the New York contract since records began in 1988, according to people briefed on the calls and subsequent desk emails. On...
READ MORESibanye-Stillwater, diversified precious-metals producer and recycler, has agreed to acquire Metallix Refining, a US-based processor of industrial waste streams, for a cash consideration of $82 million and an enterprise value of $105 million. The seller’s headline rand figure of R1.45 billion equates to about $81.2 million at today’s rate, broadly in line with the dollar...
READ MOREAnglo American, the diversified miner, reported second-quarter copper production of 173,300 tonnes. That was 3% higher than the previous quarter on stronger throughput at Peru’s Quellaveco, yet 11% lower year on year after planned reductions in Chile. The group kept its 2025 copper guidance unchanged at 690,000–750,000 tonnes. Rough diamond output slumped 36% to 4.1...
READ MORETeck Resources has approved the expansion of its Highland Valley Copper mine in British Columbia, pushing planned mine life out from 2028 to 2046. Average annual production is projected at 132,000 tonnes of copper. The project carries a capital cost of C$2.1–C$2.4 billion (US$1.54–1.76 billion), to be spent between late 2025 and 2028, with full...
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