Mining News

Barrick’s Lumwana Mine Fuels Zambia’s Economic Growth With Major Expansion on the Horizon

The company’s Business Accelerator Programme is further building capacity, targeting 150 SMEs to support the upcoming Superpit expansion.

Teck Resources Announced 2024 Production and 2025 Guidance Update

Tech Resources expects copper production to range between 490,000 and 565,000 tonnes in 2025.

US Grants $13.9m Tax Credit to Gunnison’s Nuton-Funded Arizona Copper Mine

Gunnison is expanding the Johnson Camp mine, which is under construction, with first copper production expected in mid-2025.

Rio Tinto, Glencore Merger Discussions No Longer Active: Sources

However, the transaction would not be simple and is likely to face hurdles.

B2Gold Targets Higher Gold Production in 2025

The quarterly gold sales amounted to 187,793 ounces and the annual sales stood at 801,524 ounces.

Operation Under Way to Rescue Trapped Miners from South African Gold Mine

At least four bodies were also retrieved, according to community leader Johannes Qankase.

Mali Commenced Seizing of Gold Stocks at Barrick’s Loulo-Gounkoto Site

The Malian authorities refused to respond.

Torex Gold Attained 2024 Gold Production Guidance

The gold sales for Q4 and full year 2024 amounted to 108,647 ounces and 455,932 ounces, respectively, it noted.

Lundin Gold Exceeded 2024 Output Guidance

The production exceeded the previously announced guidance range of 450,000 to 500,000 ounces.

U.S. Forest Service Approves Stibnite Gold Mine in Central Idaho

Perpetua Resources officials said the permitting process has taken eight years.

Hudbay Minerals Seeks Permit to Expand Peru Copper Mine

Additionally, the project will retain the mine’s current operational timeline.

Barrick Threatens to Halt Mali Operations over Fresh Export Restrictions

It must be noted that the company is already being restricted from shipping gold from the Loulo-Gounkoto mining complex.

Illegal Mining Leads to Environmental Contamination in Colombia

There have been frequent confrontations between the informal miners and Zijin security personnel, which have most often resulted in underground battles.

West Pokot Gold Mines Closed over Safety Concerns

Anyiko said that the local community had consented to the refilling of all quarries to prevent any incidents of injuries and loss of lives.

Metal Futures

CME
Copper4.252$US/Lb
Gold2747.60$US/Oz
Silver30.595$US/Oz
Palladium977.00$US/Oz
SHFE
Aluminum20300.00CNY/Ton
Copper75420.00CNY/Ton
Lead16790.00CNY/Ton
Zinc23675.00CNY/Ton