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Freeport CEO says no change of plans despite copper price rally
Shares in US copper giant Freeport McMoRan declined by as much as 2.3% in New York trading on Thursday after the company released results that disappointed markets despite a swing to profit. The company announced net income attributable to common stock of $53 million,...
Teck’s Chile expansion delayed by up to six months
Teck Resources, Canada’s largest diversified miner, could see its Quebrada Blanca Phase 2 (QB2) expansion project in Chile delayed by up to six month due to covid-19 disruptions. Delivering results for the second-quarter, in which Teck recorded a $149 million-loss,...
First Cobalt goes ahead with refinery expansion plan
First Cobalt is moving directly into an expansion scenario for its permitted cobalt refinery in Ontario after conducting a detailed engineering study on the facility. The company said on Wednesday that this plan could save millions of dollars by lowering operating...
Cardinal Resources’ Ghana mining license ratified
Cardinal Resources announced Monday that its Namdini mining licence has officially received sovereign parliamentary ratification in Ghana. “This ratification and the recent issuing of the Environmental Protection Agency (EPA) permit, along with our water extraction...