Tag: Copper

Zambia has temporarily shut its borders with the Democratic Republic of Congo, the government said at the weekend, in a move that could delay exports from Africa’s biggest copper producer.

The United States on Thursday banned imports from five more Chinese companies over alleged human rights abuses involving the Uyghurs, according to a government posting, as part of its effort to eliminate goods made with forced labor from the US supply chain.

Europe-focused Metals One (AIM: MET1) announced Thursday that Kingsrose Mining (ASX: KRM), partner and operator of its Råna nickel-copper-cobalt project in Norway, has entered into a contract to begin core drilling at the Rånbogen prospect in August.

Zambia has asked mining companies in Africa’s second-biggest copper producer to double their power-saving efforts to 40% of normal demand, as the worst drought in decades saps hydroelectric generation.

Less than a month after landing a potential debt financing deal to redevelop its past-producing La Cobaltera project in northern Chile, Chilean Cobalt (US-OTC: COBA) has signed a letter of intent with Glencore (LSE: GLEN) for an offtake agreement covering the first five years of production.

Norway announced on Wednesday the opening of vast areas in the Arctic for its first seabed mineral licensing round.

Adventus Mining (TSXV: ADZN) and Salazar Resources (TSXV: SRL) have scored a win in Ecuador after the country’s environment ministry granted the partners a water use permit for their Curipamba-El Domo copper-gold project.

Nevada Copper (TSX: NCU; US-OTC: NEVDF) “significantly scaled down operations” at its Pumpkin Hollow mine after it failed to secure funding and two board members from its leading investor resigned.

Cascadia Minerals’ (TSXV: CAM) shares soared on Monday after the junior miner announced a $3.2 million private placement led by Michael Gentile, who plans to raise his stake to 9.99% as one of the Yukon explorer’s largest shareholders.

BHP (ASX: BHP; LSE: BHP; NYSE: BHP) and Australian junior Kingsrose Mining (ASX: KRM) inked on Wednesday two joint agreements to explore and develop nickel and copper assets in Norway and Finland.

China’s top copper producer Zijin Mining expects to produce 4% more copper in 2025 than previously planned to profit from the metal’s price ongoing rally, driven by anticipated supply shortages.

Rio Tinto (ASX: RIO; LSE: RIO) reportedly considered a bid for Anglo American (LSE: AAL) in recent months and the second largest miner has not dismissed the possibility of acquiring a portion or the entirety of the company, now a target of BHP (ASX: BHP).