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,…

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Taseko 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…

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Newmont 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…

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Copper 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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