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Karora discovers new gold, nickel mineralization at Beta Hunt
Karora Resources, previously known as RNC Minerals, announced on Tuesday that underground drilling has returned high-grade gold and nickel intercepts at its Beta Hunt mine in Western Australia. The mine, located 600 km from Perth in the mining town of Kambalda, is a...
Definitive feasibility study for Kakula confirms giant mine
Canada’s Ivanhoe Mines published on Tuesday the results of an independent definitive feasibility study (DFS) for its Kakula project in the Democratic Republic of Congo, which confirms the asset could become the world’s second largest copper mining complex. Kakula, the...
Copper price drops despite 65% surge in China imports
Copper prices pulled back sharply on Monday despite near-record level Chinese imports and dwindling global inventories of the metal. Customs data released on Monday showed China’s unwrought copper imports (anodes and cathodes) in August declined to 668,486 tonnes from...
Vale to shut New Caledonia mine as buyer walks away
Vale is preparing to potentially shut down its nickel and cobalt operations on the Pacific island of New Caledonia after failing to reach an agreement on the asset’s sale with Australia’s New Century Resources. “Vale will now start the required steps to place VNC on...