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Ivanhoe and China’s CNMC announce Africa partnership
Ivanhoe Mines on Tuesday announced a deal with China Nonferrous Metal Mining (CNMC) under which the companies would jointly look for African mining projects to explore, develop or acquire. Ivanhoe’s co-chairmen Robert Friedland and Yufeng Sun said the strategic...
Copper price jumps to 2-year high
Copper prices rallied on Tuesday on the back of falling inventories, unprecedented Chinese economic stimulus and ongoing worries about pandemic-hit supply from top producer South America. Copper inventories in warehouses operated by the London Metal Exchange fell to...
Lynas raises funds for plant in Australia
Rare earths miner Lynas Corp posted on Monday a smaller-than-expected annual loss and outlined plans to raise A$425 million (around $307m) to fund construction of a new ore processing plant in Australia. The world’s biggest rare earths miner outside China said loss...
Jetti Resources’ quest for copper mining’s holy grail
The highly conductive red metal is actually the vital metal of the future that needs to be mined for the green energy era to come to fruition, but big, new deposits are rare. New copper projects such as Cascabel in Ecuador and Pebble in Alaska and the Oyu Tolgoi...