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BHP to fund Canada’s Midland nickel exploration
Canadian junior Midland Exploration said on Monday it had struck a new funding deal with a subsidiary of BHP for nickel exploration activities in northern Quebec. BHP’s unit Rio Algom Limited will fund 100% of Midland’s exploration for the battery metal within the...
Peruvian metal exports recover in June
Peru’s gold exports grew by 86%, copper exports by 31% and zinc exports by 136% in June when compared to the previous month, new data released by the Ministry of Energy and Mines show. Gold, copper and zinc make up 50% of the country’s metal exports and according to...
Glencore strategy to underpin cobalt prices post covid-19
A year ago Glencore announced it was halting operations at its Mutanda copper-cobalt mine in the Congo, breathing life into a market that was trading at levels 70% below its peak, hit 18 months before. Given that Mutanda is the world’s largest cobalt mine and...
Trump administration to block Pebble mine in Alaska
The Trump administration is planning to block the controversial Pebble mine in southwestern Alaska that’s recently drawn opposition from certain powerful Republicans, according to a person familiar with the matter. The project, which has known deposits of copper, gold...