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Iron ore price jumps to fresh 6-year high on China building boom
Iron ore prices hit fresh six-and-a-half year highs on Monday on the back of a Chinese construction and factory expansion boom. China is expected to set a growth target of 5.5% in its 2021–2025 economic development plan, the fourteenth five-year plan since 1953. While...
Grasberg mine will become an entirely underground operation
Phoenix-based Freeport McMoRan’s iconic Grasberg mine in the Papua province of Indonesia will become an entirely underground operation in a little over a year – nearly doubling copper and gold output in the process. Freeport Indonesia (PT-FI) expects this year’s...
BHP 30% by 2030 emissions reduction
BHP unveiled on Thursday details of a revamped strategy to cut operational emissions by 30% by 2030 from this year’s levels, but it stopped short of tackling Scope 3 emissions — those generated indirectly when consumers burn or process its oil, coal or iron ore. The...
Callinex shares jump on new discovery in Manitoba
Callinex Mines announced on Wednesday two new high-grade copper, gold, silver and zinc lenses at its Pine Bay project, located 16 km away from Flin Flon, Manitoba. The Rainbow discovery hole, PBM-111, intersected 2.96 metres of 3.09% copper, 0.75 g/t gold, 13.35 g/t...