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Papua New Guinea hits back at Barrick for halting Porgera
Papua New Guinea is threatening to take immediate control of Barrick Gold’s Porgera mine after the company’s local unit halted operations over the weekend following news that the mining lease would not be renewed. Barrick, the world’s second-largest gold miner, and...
Extended lockdowns to hit copper production
Peruvian copper mine Antamina, owned by BHP and Glencore, reported on Monday 210 positive cases of coronavirus and said the date to restart operations is still uncertain. One of the largest copper/zinc mines in the world, Antamina produced 101 million tonnes of copper...
Rio signs $51 million earn-in on Zambia copper deposits
Rio Tinto has entered into an earn-in and joint venture agreement with Vancouver-based junior Midnight Sun Mining, under which the Anglo-Australian miner can earn up to a 75% interest in the latter’s Solwezi licenses. The Solwezi licenses comprise two individual...
Rio Tinto boosts budget for Citadel copper project
Rio Tinto will spend a further A$9.2 million ($5.9m) on exploration at the Citadel copper-gold project, a joint venture with junior Antipa Minerals, in Western Australia’s Paterson Province. The earmarked budget for this year is well above the previous commitment of...