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. “The commencement of leach pad construction marks a key milestone in Excelsior’s partnership with Nuton. The M3 and Rango team we have…
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Copper assets get boost from potential BHP-Anglo deal: Hudbay exec
The head of Toronto-based Hudbay Minerals said BHP’s recent bid for Anglo American has “increased the valuation of copper assets,” reported Reuters. “[It also] highlights that major mining companies believe the price for copper will be significantly higher than current levels and they are willing to pay a premium to acquire existing copper production today,” said Hudbay CEO Peter Kukielski,…
Read MoreTaseko strikes deal for Gibraltar ownership
Canadian-based Taseko Mines has entered into a definitive agreement to acquire the remaining 12.5% interest in the Gibraltar copper-molybdenum mine in British Columbia from Dowa Metals & Mining and Furukawa. Under the terms of the deal, Taseko will acquire Dowa and Furukawa’s shares in Cariboo Copper for a minimum of C$117 million payable over a period of 10 years, plus…
Read MoreNewmont completes Newcrest takeover
U.S.-based Newmont has completed the acquisition of Australian rival 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…
Read MoreCopper and The Road to Net Zero
When it comes to decarbonization, there are few elements more critical to the transition than copper. But copper miners are also working hard to decarbonize their own operations. North American Mining spoke to Nicole Witoslawski of the International Copper Association about the sector’s journey to net zero. By Jonathan Rowland There is an implied narrative in many discussions about mining…
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