CHILE – Lundin Mining Corp. of Toronto has agreed to purchase Freeport-McMoRan’s 80% share of the Candelaria-Ojos del Salado copper mining operation for US$1.8 billion. The operation includes an open pit, an underground mine, and a…
MICHIGAN – Toronto-based Lundin Mining Corp. says concentrate production has begun at its high grade Eagle nickel-copper mine in this state’s Upper Peninsula. Construction is virtually complete, on time and on budget. The mine will make…
This is the time of year we at CMJ pause to examine how Canada’s mining companies performed during the previous year. We start by poring through year-end 2013 results from twice as many companies as will make the list in an effort not to…
This is the season for corporations to announce their second quarter results, both financial and operational. As expected, the news releases are arriving at the inbox in large numbers. Yesterday we offered results from Sherritt and North…
Garth Kirkham, principal at Kirkham Geosystems of Burnaby, BC, is the recipient of two national awards this year. He has been named a Distinguished Lecturer by the CIM recognizing his expertise in the art and science of 3-D modelling and…
MICHIGAN – Lundin Mining Corp. of Toronto has secured commitments from a syndicate of lenders for a $250 million loan with which to advance the Eagle nickel-copper project in the Upper Peninsula, near Marquette. The new credit agreement…
Taseko Mines could become a consolidator in British Columbia and also prey to companies like Lundin Mining, Capstone Mining or Teck Resources, Chris Chang of Laurentian Bank Securities says.
TORONTO – Lundin Mining Corp. is pleased with 2012 production numbers that are near the high end of the announced targets. The company finished the year with an output of 102,050 tonnes of copper, 122,204 tonnes of zinc, 38,464 tonnes of…
Corporate Knights, a specialized media and investment research company based in Toronto, has released its first Canadian mining sustainability ranking. The researchers measured the performance of 52 Canadian miners against 12 sustainability…
Reports have been read. Numbers crunched. Comparisons made. Now our annual look at Canada’s Top 40 mining companies is ready.
VANCOUVER — Toronto-based major Inmet Mining has opted to retain its majority interest in the world-class Cobre Panama copper-gold project through development financing, as the company announced a hybrid plan that would see it shoulder…
DEMOCRATIC REPUBLIC OF CONGO – The US$850 million phase 2 expansion at the Tenke Fungurume copper and cobalt mine is on track for completion in 2013. Copper cathode production will rise to 195,000 t/y, and cobalt hydroxide output…