BHP, the world’s biggest miner, is preparing to search for a new chief executive officer in the coming months as Mike Henry heads toward the end of his tenure, reported Bloomberg. Company insiders told Bloomberg that a change could come as soon as next year, and internal frontrunners for the role include Geraldine Slattery, president Australia, Vandita Pant, chief financial…
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Excelsior Mining has commenced construction at the past-producing Johnson Camp mine in southeast Arizona with first copper production anticipated in the first half of 2025. The company is working with Rio Tinto venture Nuton to restart the operation. Full story.
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Ero Copper announced a significant commissioning milestone at the Tucumã project in Pará, Brazil, with the production of saleable copper concentrate, which exceeded process design concentrate grade targets. This milestone was achieved following the successful commissioning of the milling and flotation operations prior to the end of the second quarter of 2024. Remaining work on site is focused on concluding…
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Panama President-elect Raul Mulino has ruled out talks with First Quantum Minerals until the Canadian miner drops multiple arbitration proceedings it has launched against the government for shutting down its Cobre Panama mine, reported Reuters. “To consider talking about mining, those arbitrations need to be suspended,” Mulino said, noting the government’s preeminent role in any mining project in Panama. Mulino…
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The head of Toronto-based Hudbay Minerals said BHP’s recent bid for Anglo American has “increased the valuation of copper assets,” reported Reuters. Full story.
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Canadian-based exploration company Rugby Resources said recent surface sampling at its Cobrasco copper project in Colombia has yielded significant copper/molybdenum assay results. Additionally, a new molybdenum stockworked porphyry occurrence has been identified approximately 1 kilometer northeast of the Cobrasco Central drilling area. Reconnaissance mapping indicates the new molybdenum porphyry may represent a continuation of the primary mineralization intersected in drill…
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Europe’s largest copper producer Aurubis will provide Chile’s state-owned Codelco with technology and know-how to achieve more environmentally responsible mining practices at its operations, reported Reuters. The news agency said two companies plan more than 15 joint projects. Aurubis will provide Codelco with technical expertise including methods and equipment to reduce air and water emissions, measure and analyse pollution, and…
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Copper miner Antofagasta has approved, after extensive review, a multi billion-dollar expansion of its Centinela operation in Chile, including a second concentrator that will add an estimated 170,000 copper equivalent tonnes annually. Initial construction and critical path works for the Centinela Second Concentrator project will begin immediately, with full construction expected to commence after definitive project finance documents have been…
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Canadian miner First Quantum Minerals has suspended commercial production at its flagship Cobre Panama copper mine in Panama after the country’s Supreme Court ruled its contract as unconstitutional, reported Reuters. President Laurentino Cortizo said in a televised address that “the orderly and safe closure of the mine” would begin as soon as the ruling was formerly published in the official…
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Newmont has completed the acquisition of Newcrest Mining to create the world’s leading gold company with robust copper production. The transaction strengthens Newmont’s position as a mining leader through the combination of high-quality operations, projects and reserves concentrated in low-risk jurisdictions, including 10 Tier 1 operations to support decades of safe, profitable and responsible gold and copper production. “Today marks…
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