MMG shuts Las Bambas copper mine due to protests

Mining News Pro - China-backed miner MMG Ltd has placed its vast Las Bambas copper mine in Peru, the world’s second largest producing nation of the metal, on care and maintenance due to ongoing community unrest triggered by the destitution of President Pedro Castillo late last year.

British Columbia First Nations forge partnership to participate in Seabridge Gold’s KSM project

Mining News Pro - British Columbia’s Tahltan Nation and Nisg̱a’a Nation announced Thursday that they have joined together in a new partnership that brings new life to a historic and centuries-old Peace Treaty, through the Treaty Creek Limited Partnership.

Copper price falls with China absent for Lunar New Year

Mining News Pro - Copper price fell for a second day on Wednesday, weighed down by a stronger dollar and the absence of China, where markets are closed for a week-long Lunar New Year holiday.

Mexican court allows Fortuna Silver to keep mining at San Jose for now

Mining News Pro - Fortuna Silver Mines (NYSE: FSM) (TSX: FVI) reported Wednesday that the Mexican federal administrative court has granted a provisional injunction to allow the company’s San Jose mine to continue to operate under the terms of the 12-year environmental impact authorization (EIA).

B2Gold meets production guidance for seventh year running

Mining News Pro - B2Gold (TSX: BTO) produced 1.03 million oz. gold last year with 367,870 oz. or about 36% of the total coming from the fourth quarter.

New solution aims to effectively monitor tailings facilities from space

Mining News Pro - A new solution that uses satellites and earth observation coupled with ground sensors to monitor mine tailings facilities was recently launched by a Tokyo-based company and a London-based startup.

Molybdenum price in Europe hits record high

Mining News Pro - The copper market took a breather on Wednesday after eight straight days of gains, but not before touching a fresh six month high of $4.39 a pound ($9,680 a tonne) in early trade, bringing its gains YTD to 12%.

BHP expects China to underpin commodities demand in 2023

Mining News Pro - China is set to be a stabilizing force for commodities demand this year as developed nations face economic headwinds, BHP Group Ltd said on Thursday as it posted higher quarterly iron ore shipments that edged past expectations.

Trafigura plans to take large amounts of LME copper

Mining News Pro - Commodity trader Trafigura is planning to take large amounts of copper from London Metal Exchange registered warehouses, two people familiar with the matter said, adding that the metal was likely to remain in Europe.

Barrick misses gold guidance as output sinks to 22-year low

Mining News Pro - Barrick Gold Corp.’s bullion output slid last year to its lowest level since 2000, missing analysts’ expectations and its own target as operational woes curbed production.

Gold price eases from 8-month peak as investors await inflation data

Mining News Pro - Gold halted its latest rally on Wednesday as investors positioned themselves ahead of new US inflation data that could hint at the Federal Reserve’s policy path, with expectations mounting that slower rate hikes are on the horizon.

Dynasty Gold shares hit new high on best assays to date from Thundercloud property

Mining News Pro - Dynasty Gold has released assay results from its Phase 1 2022 drill campaign at the Thundercloud property located 47 km southeast of Dryden, Ontario. These results are the best ever reported from the project, the company says, constituting the discovery of wide zones and high-grade gold-bearing quartz veins that require further delineation.

Lundin Gold stock rises as it beats production guidance for second straight year

Mining News Pro - Lundin Gold, which owns and operates one of the world’s highest grade gold mines in southeast Ecuador, has exceeded its production guidance for the second year in the row.

Transformed Dolly Varden Silver in discovery mode, says CEO

Mining News Pro - Looking back on the past two years since he took the reins as CEO of Dolly Varden Silver, Shawn Khunkhun points to a critical acquisition the company made in December 2021 as being the lynchpin to the company’s recent exploration and fundraising success.

Fortuna Silver stock tanks as Mexico challenges environmental approvals for San Jose mine

Mining News Pro - Fortuna Silver Mine stock fell 11% on Thursday after a decision to re-asses the extension of the San Jose mine Environmental Impact Authorization.

Copper price bounces on news about fresh investment in China

Mining News Pro - The copper price rose on Thursday after news about fresh investment in China.

Gold price retreats as new US employment data sends hawkish signal

Mining News Pro - Gold prices slipped by more than 1% on Thursday, putting an end to its New Year rally, as the latest release of US labour market data boosted expectations of higher interest rates for longer.

Royal Gold bolsters royalty position at Nevada’s Cortez complex with $204m deal

Mining News Pro - Royal Gold has further consolidated its royalty position at the Cortez gold complex in Nevada, which has been operating since 1969 and produced approximately 27 million ounces of gold to date.

Fresnillo begins full load commissioning of Juanicipio project

Mining News Pro - Fresnillo (LSE: FRES) has achieved a significant, long-awaited milestone in the commissioning of its Juanicipio project in Mexico.

Copper price retreats as China reports rising covid cases

Mining News Pro - Copper prices slid on Thursday as rising covid-19 infections in China and fears of a global recession weighed on prices.

Maduro exhorts Venezuelan army to combat environmental destruction caused by illegal gold mining

Mining News Pro - Venezuela’s head of state Nicolás Maduro publicly asked the Operational Strategic Commander of the Bolivarian National Armed Forces (Fanb) to ramp up efforts against illegal gold mining in the southeastern Amazonas and Bolívar states.

Recession risk, stagflation set stage for positive gold performance in 2023

Mining News Pro - It has been a year to forget for gold. The precious metal is closing in on a second consecutive yearly decline, with prices down by $250 an ounce since its March highs as central bankers stepped up their aggressive fight against inflation.

Turns out that gold objects were also valued during the Bronze Age

Mining News Pro - Archaeologists from the University of Leicester and the University of Southampton have identified a 4000-year-old gold-working toolkit amongst the grave goods from an important Bronze Age burial near Stonehenge.

Iron ore price rises as more policy support looms in China

Mining News Pro - Iron ore price rose on Monday underpinned by looming additional policy support to shore up the Chinese economy amid its battle to contain covid outbreaks.

Copper price rises on weaker dollar

Mining News Pro - Copper price rose on Monday supported by a weak US dollar and hopes of better demand after China’s pledge to boost its economy and real estate sector.

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