Thompson Creek Metals Co. Inc. has entered into an amended agreement with Royal Gold Inc. to sell an additional 15% of the payable gold from Thompson Creek’s Mt. Milligan copper/gold project to Royal Gold for a total of $270 million, $112 million of which will be paid shortly after signing, the Denver-based firm said...
The Conga gold/copper mine in Peru — which some area residents feared would hurt local farmers’ water supplies — has now built in a reservoir system that will give the farmers better year-round access to water, Newmont Mining Corp. said this morning. According to the approved environmental impact assessment, upon which Newmont was providing more details,...
At a time when lithium-battery technology — for devices ranging from mobile phones to hybrid cars — is the end-use most often associated with demand for the mineral, Pan American Lithium Corp. anticipates a future that includes soaring growth in lithium demand to help power the electric-power smart grid, among other applications. Pan American CEO Andrew...
See also our article on resource nationalism Minera Andes Inc. — soon to become part of McEwen Mining — is waiting to learn more about a change in Argentine law that may require miners to repatriate revenue from exports. The company said this morning that the government announced a change to a 2004 decree which...
Quadra FNX Mining Ltd. has cut a deal with Xstrata Nickel to use Xstrata’s Craig mine shaft and related underground infrastructure to further develop and operate Quadra FNX’ Levack mine, including the Morrison deposit, in Sudbury Basin’s North Range in Ontario, it reported today. Quadra FNX said it expects that the use of Xstrata...
Teck Resources Ltd. said this morning that its would be investing C$210 million at its Trail metallurgical operations to significantly increase its capacity to recycle end-of-life electronic waste (e-waste) and another C$475 million in a mill modernization project at Highland Valley Copper. Both operations are in British Columbia. “These projects will improve the long-term...
Baja Mining Corp. said this morning it has started underground mining of copper/cobalt/zinc ore at its Boleo mine near Santa Rosalia, Baja California Sur, Mexico. This is the first stage of an 18 month program, ramping up to full underground production in March 2013, the Vancouver-based company said. The mine’s first continuous mining unit...
Though British Columbia is a hotbed of mining and exploration activity, Copper Mountain is the first base metal mine to commence operations in province since 1998. Some 1,700 folks turned out for the official opening ceremony Aug. 18, Copper Mountain Mining Corp. said this morning. They were treated to a full day of mine...
It hasn’t been too long that a company making copper for cash costs of $3 – $4 a pound was heading for insolvency. But Quadra FNX Mining Ltd. has leveraged three of these higher-cost producers into handsome cash flow, the acquisition of lower-cost mines and the hope for a major low-cost producer in the...
In its second-quarter earnings report released late yesterday, Thompson Creek Metals Co. Inc. said a variety of factors were causing a delay in construction of the mill expansion at its Endako molybdenum mine near Fraser Lake, 100 miles northwest of Prince George, B.C. The mine is operated as a joint venture with Thompson Creek holding...
