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CITIC Metal to sell up to 2% stake in Ivanhoe Mines

In a press release via the Shanghai Stock Exchange, CITIC said it has received board approval to sell at most 25,390,428Β shares, or 2% of Ivanhoe’s outstanding share capital. Shareholder approval for the divestment will be sought in a meeting scheduled for June 11. Assuming CITIC...

Six new large mines need to come online annually by 2050 to meet global copper demand – study

This is particularly the case taking into account that the Inflation Reduction Act, signed into law in 2022, calls for 100% of cars manufactured to be electric vehicles by 2035. But an electric vehicle requires three to five times as much copper as an...

Rio Tinto’s Emphasis on Developing Copper Mines over Acquisitions Rio Tinto’s Emphasis on Developing Copper Mines over...

Amidst the fervor of copper production expansion, Rio Tinto is steering its focus towards the development of mines in Mongolia, Utah, and beyond, amplifying its global exploratory endeavors. The mining giant...

Impressive Surge in MAG Silver Stocks Amid Juanicipio Mine’s Resource Update Emphatic Uptick in MAG Silver Stocks as Juanicipio Mine Resource Report Breaks

Project Commencement Signals Prosperous Era Embarking on a trajectory toward commercial production in June 2023, the Juanicipio mine finds its abode nestled in the pulsating Fresnillo silver trend of Mexico. In a symbiotic ownership structure, MAG carves out a 44% niche, while Fresnillo plc,...

The Environmental Impact of Congo’s Copper and Cobalt Mines

Local Communities Struggle Amidst Toxicity Residents living near Congo's copper and cobalt mines are facing dire consequences from water contamination. Skin ailments are prevalent, with particular concern for the health of children. Severe Economic Hardships and Health Challenges A staggering 99% of respondents reported reduced crop...

The Golden Gamble: Acquisition of Newmont’s Stake in Γ‰lΓ©onore South by Fury Gold Mines

Unlocking Potential in Quebec's Gold Fields Exploration in mineral-rich areas always holds a promise of unearthing hidden treasures, and Fury Gold Mines seems poised to revel in this hunt. The recent acquisition of Newmont's 50% stake in the Γ‰lΓ©onore South project in Quebec marks...