Copper
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Clean Air Metals tables resource for Thunder Bay North based on underground scenario
Clean Air Metals has released updated resources for the PGM-cobalt-copper-nickel Current Lake and Escape Lake deposits within its Thunder Bay North project in Ontario, 50 km from Thunder Bay. The company now plans to advance Current Lake towards a preliminary…
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Rio Tinto looming talks with Mongolia to decide Oyu Tolgoi’s fate
The next three to six months will be crucial to the future of the vast Oyu Tolgoi copper-gold mine in Mongolia, as the companies behind the operation engage in talks to find a way to improve the government’s financial benefits…
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Robert Friedland opens Remote Roundup: ‘In our world, the geologists are the gods’
The Association for Mineral Exploration opened up its Remote Roundup – its first virtual conference in the event’s 38-year history – with special guest speakers that included a keynote talk from Robert Friedland, founder and executive co-chairman of Ivanhoe Mines.…
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Barrick meets mid-range of 2020 production guidance
Last year, gold major Barrick met the midpoint of its gold and copper output targets. The miner generated a total of 4.8 million oz. of gold and 457 million lb. of copper in 2020, which falls in line with its…
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Copper Fox shares up on Van Dyke PEA
Copper Fox Metals has announced results from an Preliminary Economic Assessment for its Van Dyke copper project located in Miami, Ariz. The PEA results include a mine life of 17 years, with copper production of 1.1 billion lb. – compared…
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Mongolia threatens to revoke Rio Tinto’s plan for Oyu Tolgoi
The government of Mongolia may cancel and replace the development and financial plan for the country’s vast Oyu Tolgoi copper-gold mine, Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) said today. The company, which is controlled by Rio Tinto (NYSE: RIO;…
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Copper Mountain reports record Q4 production
After beating its production guidance for 2020 and reporting a record fourth quarter, Copper Mountain Mining is guiding a further 22% increase in production this year. The B.C.-based miner’s 75%-owned Copper Mountain mine, 20 km south of Princeton, B.C., produced…
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Taseko Mines to move ahead with Arizona copper project
Taseko Mines (TSX: TKO; NYSE-AM: TGB; LSE: TKO) said the Florence town council in Arizona has decided not to appeal the Aquifer protection permit (APP) for the company’s Florence copper project, which it received last month. The permit, granted by…
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Initial production at Kamoa-Kakula expected in less than six months
Ivanhoe Mines announced that underground development at the Kamoa-Kakula copper project in the Democratic Republic of Congo mined and stockpiled 269,000 tonnes of ore grading 5.36% copper in December from the Kakula and Kansoko mines. In a press release, the…
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Kenorland completes RTO, to start trading in January
Kenorland Minerals will begin trading early this month on the TSX Venture Exchange under the symbol KLD after completing a reverse-takeover transaction with Northway Resources. The prospect generator announced the RTO with Alaska-focused explorer Northway Resources last July. Post-combination, shareholders…
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Excelsior produces first copper cathode at Gunnison in Arizona
Excelsior Mining’s Gunnison copper project in Arizona has produced its first copper cathode. The in-situ recovery (ISR) operation is expected to sell the first copper cathodes in January 2021. “I am happy to confirm that Excelsior Mining is the newest…
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Cartier tables maiden resource for Benoist in Quebec
Quebec-based Cartier Resources has released an initial underground resource estimate for the Pusticamica deposit within its road-accessible Benoist property, 65 km northeast of Lebel-sur-Quevillon. The gold-copper-silver deposit is host to 1.5 million indicated tonnes at 2.57 g/t gold, 0.19% copper…
