Mining and transport conglomerate Grupo Mexico has reported a 17.55% increase in net profit for the third quarter, driven by rising copper prices and higher production levels. The company’s net profit reached \$820.1 million, which was below analysts’ expectations of \$935.65 million, according to a poll conducted by LSEG. Grupo Mexico, controlled by billionaire German...
READ MORENuVau Minerals, a mining company focused on Quebec, is set to go public this month in an effort to secure provincial government support for its Bracemac McLeod copper-zinc project in the Matagami camp. The Matagami camp, known for its rich mining history, has been operational for over 60 years. NuVau’s project is backed by a...
READ MORETaseko Mines announced that construction at its Florence copper project in Arizona is now nearly 40% complete, keeping the first production target on track for the fourth quarter of 2025. Since construction began earlier this year, the Canadian miner has logged nearly 300,000 work hours without any reported injuries or environmental incidents. There are currently...
READ MOREBHP reported a strong start to the 2025 financial year, with production increases across its major commodities during the quarter ending September 30, 2024. The company saw copper production rise by 4%, driven by higher grades and recoveries at the Escondida mine in Chile. Iron ore production from Western Australia Iron Ore (WAIO) increased by...
READ MOREVale announced on Wednesday, October 16, in a statement to the Brazilian Securities and Exchange Commission (CVM), that the power supply to the Onça Puma plant was re-established on Tuesday night, October 15, as anticipated. According to the mining company, ramp-up of operations has now begun, with normalization of activities expected over the next few...
READ MOREEramet, the mining group, announced that it will not meet its 2024 manganese and nickel production targets. This news caused a sharp decline in the company’s stock price, which fell by 14% on Wednesday, October 16, reaching €56.7 and making it the biggest decliner in the SBF 120 index. Eramet revised its manganese production forecast...
READ MOREAccording to a recent update from the United States Geological Survey (USGS), U.S. domestic mine production of recoverable zinc in July 2024 amounted to 66,300 metric tons (t). Year-to-date mine production through July reached 442,000 t, up from 436,000 t during the same period in 2023. The average daily recoverable mine production in July was...
READ MOREAmerican Resources Corporation’s subsidiary, ReElement, is expanding its production capabilities to produce rare earth oxides on a daily basis at its Noblesville Customer Qualification Plant, in addition to its ongoing lithium carbonate production. This expansion coincides with the company’s build-out phase of its large-scale Advanced Technology Center in Marion, Indiana. ReElement will produce both light...
READ MOREHydro has appointed Erik Fossum and Jeff Lehman as the new leaders for its aluminium extrusion businesses in Europe and North America, respectively. Erik Fossum will serve as the new business unit president of Extrusion Europe, succeeding Bruno D’hondt, who successfully led the unit since September 2018, delivering strong results over the period. Jeff Lehman...
READ MORESecondary refined tin and solder producer Nathan Trotter & Co. has been selected by the U.S. Department of Defense (DoD) to receive funding to expand the country’s tin smelting and refining capacity. The project will involve constructing comprehensive tin smelting and refining facilities in Coatesville, Pennsylvania, to de-risk the tin supply chain. Nathan Trotter will...
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