Global copper production is set to rise in the next two years, leading to a surplus which will put pressure on prices in 2013, said an analyst with industry consultants CRU Group on Tuesday. Christine Meilton, chief consultant at CRU, said new copper production capacity would come onstream in North America and Australia in 2012 ...
De Beers Canada said on Tuesday it would make a board decision on whether to build the Gahcho Kué in the North West Territories, in which it has a 51% stake, this year. The company said there were “just a few areas requiring minor amendments” in the project’s feasibility study that De Beers’ partner Mountain ...
Vancouver-based junior Extorre Gold Mines has received a key approval for its Cerro Moro precious metals project in Argentina, after the provincial government in Santa Cruz gave the green light to an environmental-impact assessment submitted in September last year. Extorre expects to complete a prefeasibility study on Cerro Moro in June, and will then be ...
North China’s Hebei province would constrain the number of coal mines at 200 or so by the end of 2012, sources learnt from the provincial land and resources office. By the end of 2012, the province’s coal mines must achieve annual production capacity of 150,000 tonnes , following coal mine consolidation, according to a circular issued ...
The Quebec Government has launched ‘Plan Nord’ to develop its frozen northern reaches into a powerhouse of mining and renewable energy. The 25-year plan covers about 1.2 million km#&179 and will require an investment of C$80bn (US$83bn) from private and public sectors in Quebec. Quebec hopes for an investment of C$33bn (US$34bn) ...