Sumitomo Metal Mining America Inc.
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GOLD: Iamgold advances permitting for Côté
TORONTO – Iamgold‘s 70%-owned Côté gold project in northern Ontario has received a key federal permitting approval, taking it one step closer to a construction decision. The approval, under the Fisheries Act, is related to impacts on fish habitats and tailings…
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GOLD: Iamgold produces 170,000 oz. in Q1, tweaks guidance due to COVID-19
TORONTO – Miner Iamgold released its first quarter results, reporting production of 170,000 oz. at all-in sustaining costs of US$1,230 per oz. In the release, the company noted that while it did achieve its production targets for the quarter, output…
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Teck advances QB2 copper project in Chile
If all goes according to plan in northern Chile, Teck Resources (TSX: TECK.A, TECK.B; NYSE: TECK) and its partners Sumitomo Metal Mining and Sumitomo will start commissioning and ramping up their Quebrada Blanca 2 (QB2) copper project in the fourth quarter of 2021, with full…
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COPPER: Teck, Sumitomo close Quebrada Blanca transaction
CHILE – Vancouver’s Teck Resources and Japanese partner Sumitomo Metal Mining and Sumitomo Corp. have closed their US$1.2-billion transaction giving Sumitomo a 30% indirect interest in the Quebrada Blanca copper project. The Quebrada Blanca property is 240 km southeast of…
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NICKEL DEVELOPMENT: Ambatovy hits permit snag
MADAGASCAR – Sherritt International of Toronto is pressing forward toward commercial production at the Ambatovy laterite nickel project of which it owns 40%. But, says the company, reaching commercial production may be delayed as the…
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GOLD MINING: Teck sells stake in Pogo mine
ALASKA – Teck Resources of Vancouver is planning to sell its 40% share in the Pogo gold mine near Fairbanks to Sumi…
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NICKEL DEVELOPMENT – Ambatovy costs escalate
MADAGASCAR – The cost of developing the Ambatovy nickel laterite deposit has jumped to $US3.3 billion, up more than…
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COPPER MINING – Cerro Verde expansion commissioned
PERU – PHELPS DODGE of Phoenix, Arizona, has announced that the expansion at the Cerro Verde mine near Arequipa has…
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NICKEL STUDY – Ambatovy numbers updated
MADAGASCAR – DYNATEC CORP. of Richmond Hill (Toronto) has received an updated feasibility study prepared by SNC-LAV…
