(Bloomberg) -- Lea la nota en españolA former BHP Group executive will become Chile’s next mining minister, taking charge of efforts to expand copper and lithium production in the country with the largest reserves in the world of both metals.Santiago Montt resigned as chief executive officer of Los Andes Copper Ltd. to join the cabinet of President-Elect José Antonio Kast, the Vancouver-based junior miner said in a statement Tuesday.Mining companies are betting Kast’s pro-business agenda will help accelerat ...

Core Viewpoint - Koryx Copper Inc. has successfully closed a bought deal private placement offering, raising C$46,001,323 through the issuance of 18,776,050 common shares at C$2.45 per share, indicating strong demand from investors [1][4]. Group 1: Offering Details - The offering was led by Stifel Canada as the lead underwriter, with a syndicate that includes several other financial institutions [2]. - The company also announced a strategic non-brokered private placement targeting Namibian investors, aiming to raise an additional C$5,000,000 through the sale of up to 2,040,816 common shares at the same price of C$2.45 per share [3]. - The net proceeds from both the offering and the placement will be utilized for mineral exploration, working capital, and general corporate purposes [5]. Group 2: Financial Terms - Underwriters received a cash commission of 6% on the gross proceeds of the offering, along with 563,281 compensation warrants, which allow the purchase of common shares at the issue price until January 20, 2028 [6]. - The offering is subject to final approval from the TSX Venture Exchange [7]. Group 3: Company Overview - Koryx Copper Inc. is focused on advancing the Haib Copper Project in Namibia and holds a portfolio of copper exploration licenses in Zambia [9]. - The Haib Copper Project is a significant copper/molybdenum porphyry deposit with a current mineral resource of 511 million tonnes at 0.33% copper and 51 parts per million molybdenum in the indicated category [10]. - The project has undergone extensive exploration and technical studies, positioning it as a potential long-life, low-cost copper production site [10][11].

Vancouver, British Columbia--(Newsfile Corp. - January 20, 2026) - Los Andes Copper Ltd. (TSXV: LA) (OTCQX: LSANF) ("Los Andes" or the "Company") advises that Santiago Montt has been appointed as Minister of Mines for the incoming government of President Jose Antonio Kast and has submitted his resignation from the position of Chief Executive Officer ("CEO") of the Company. Mr. Montt will remain with the Company to support an orderly transition until February 19, 2026. Antony Amberg, Chief Geologist at Los ...

Core Insights - Rio Tinto has launched a new 25-megawatt solar plant at its Kennecott copper operations in Utah, enhancing its renewable energy capacity and sustainability efforts [1] - The solar plant utilizes tellurium produced at the site to manufacture the solar panels, demonstrating a circular critical-minerals supply chain [1] - With the addition of this new plant, Kennecott now has a total solar capacity of 30 megawatts, sufficient to power approximately 1,026 average American homes annually [1] - The new solar capacity is expected to reduce Kennecott's Scope 2 emissions by about 6%, equating to a reduction of 20,000 tons [1]

Core Viewpoint - Gunnison Copper Corp. has successfully eliminated all outstanding principal owed to Nebari Natural Resources Credit Fund I LP, marking a significant milestone in the company's balance sheet transformation [1][2]. Debt Reduction - The company has reduced the principal amount of Nebari debt from US$15.0 million to zero, achieving its goal of removing legacy secured debt and strengthening its financial position [2]. - The final elimination of the debt occurred through additional conversion notices from Nebari, totaling US$4.75 million at a conversion price of US$0.2097 per share, resulting in the issuance of 22,651,407 common shares [3]. Management Commentary - The Senior Vice President and CFO of Gunnison Copper stated that the repayment of the Nebari debt is a major milestone, enhancing the company's financial flexibility as it advances its flagship Gunnison Project [4]. - Nebari's representative commented on the company's strengthening progress under capable management, highlighting the successful debt conversions [4]. Financial Position and Project Development - Gunnison has previously announced a US$7.3 million repayment of Nebari's non-convertible debt, and all principal amounts under the Second Amended and Restated Credit Agreement have now been fully repaid or converted [4]. - The company remains focused on operational execution, balance-sheet strength, and delivering long-term value while supporting domestic copper supply and U.S. critical-minerals objectives [5]. Project Details - The flagship Gunnison Copper Project has a Measured and Indicated Mineral Resource of over 831.6 million tons with a total copper grade of 0.31%, and a preliminary economic assessment indicates an NPV8% of $1.3 billion and an IRR of 20.9% [6]. - The Johnson Camp Asset, now in production, is fully funded by Nuton LLC, with a production capacity of up to 25 million lbs of finished copper cathode annually [8].

Core Insights - Midnight Sun Mining Corp. has announced the completion of a maiden Mineral Resource Estimate (MRE) for the Kazhiba Main Oxide Copper Deposit in Zambia, indicating a significant milestone for the company [1][3] - The MRE consists of 2.33 million tonnes of indicated mineral resources with a grade of 1.41% copper, which is above typical economic thresholds for oxide copper [2][4] Mineral Resource Estimate Details - The MRE includes 2,327,200 tonnes of indicated resources at a cut-off grade of 0.10% Cu, translating to approximately 72.3 million pounds of copper [4] - The effective date of the MRE is January 20, 2026, and it was prepared by DMT Kai Batla PTY Ltd. [2][4] - The deposit is characterized by near-surface mineralization, with an average maximum depth of about 30 meters, primarily consisting of acid-soluble malachite [3][7] Economic Considerations - The average grade of 1.41% Cu is well above the economic thresholds for oxide heap leach operations, with processing costs being among the lowest due to the nature of the mineralization [7] - The deposit's proximity to existing infrastructure, including First Quantum's Kansanshi Mine, enhances its economic viability [7] - As of early 2026, copper prices are reported to exceed US$5.50 per pound, providing a favorable market context for the project [7] Future Plans - The company aims to monetize the Kazhiba Main deposit to fund its flagship Dumbwa Project and plans to initiate discussions with key counterparties [3][20] - The MRE will be followed by the filing of a National Instrument 43-101 technical report on SEDAR+ within 45 days of the announcement [14][20] Company Background - Midnight Sun is focused on exploring the Solwezi Project in Zambia, which is located in the Zambia-Congo Copperbelt, a major copper-producing region [18] - The Kazhiba Main Oxide Copper Deposit is part of exploration licence 21509-HQ-LEL, held by the company's subsidiary, Zambian High Light Mining Investment Ltd. [18]

Company Overview - Capstone Copper (CS:CA) is a copper mining company listed in both Canada and Australia, focusing almost exclusively on copper production, unlike many other mining companies that produce a mix of metals [2]. Investment Strategy - The investment strategy emphasizes turnarounds in natural resource industries, with a typical holding period of 2-4 years, focusing on value to provide downside protection while allowing for significant upside participation [1][3]. - The portfolio has achieved a compounded annual growth rate of 37% over the last 7 years, indicating strong performance in the selected investment strategy [1]. Market Conditions - The current focus on natural resource industries is driven by monetary and fiscal policies, underinvestment, and attractive valuations, which present opportunities for investors [3]. - The investing group aims to identify companies with quality characteristics that are trading at depressed valuations, allowing for participation in the upside of natural resource investing while mitigating extreme drawdowns [3].

Core Viewpoint - McEwen Inc. has reported a significant increase in its Year-End 2025 Mineral Resource Estimate for the Grey Fox Project, totaling 1.9 million Indicated gold ounces and 436,000 Inferred gold ounces, with plans to double production by 2030 [1][3]. Mineral Resource Estimate - The 2025 Mineral Resource Estimate at Grey Fox includes 1.9 million Indicated gold ounces and 436,000 Inferred gold ounces, calculated at a gold price of US$3,000 per ounce [1][7]. - There is a 23% increase in Indicated Resources compared to Year-End 2024 [7]. - The total Indicated Resources consist of 19,474,000 tonnes at an average grade of 3.02 grams per tonne (gpt) gold, while Inferred Resources consist of 5,101,000 tonnes at an average grade of 2.66 gpt gold [7][13]. Mining Methods - The company is balancing both underground and open pit mining methods for the Grey Fox Project, which will be detailed in the upcoming Pre-Feasibility Study (PFS) scheduled for Q2 2026 [2][6]. - Early underground mining opportunities have been identified in the Gibson Zone and Whiskey Jack, with the Gibson Zone containing 393,000 Indicated gold ounces and 297,000 Inferred gold ounces [4][5]. Stroud Project - The Stroud Project, acquired in 2024, is adjacent to Grey Fox and contains a historical resource estimate of approximately 270,000 gold ounces, which will be validated and incorporated into future updates [9]. - The company completed over 6,000 meters of drilling at Stroud in 2025 to verify the historical resource [9]. Recent Drill Results - Recent drill results indicate potential for further resource growth, with notable findings such as 10.1 gpt gold over 5.8 meters and 23.8 gpt gold over 1.6 meters [10]. - The company plans to allocate $5 to $10 million for drilling at Grey Fox in 2026 to continue expanding the resource [10].

Core Insights - Copper prices have surged significantly, exceeding $13,000 per metric ton, with an annual gain of over 40% in 2025, marking the strongest increase since the late 2000s [2][5] - The current copper price rally reflects a structural reassessment of its role in the global economy, driven by long-term demand from electrification and renewable energy [5][9] Demand Dynamics - Copper is essential for the global energy transition, powering electric vehicles, battery systems, and renewable energy installations, with AI and cloud computing requiring significantly more copper than traditional infrastructures [6][9] - Industry projections indicate that copper demand may rise by approximately 50% by 2040, driven by electrification and climate investments [10] Supply Constraints - Major copper-producing countries like Indonesia, Chile, and Peru face supply disruptions due to technical challenges, environmental issues, and labor conflicts, leading to a tightening market characterized as a structural deficit [7][10] - Aging infrastructure and lower ore quality are challenges for leading producers such as Freeport-McMoRan and Codelco, while new large-scale mining projects take years to develop [7] Market Reactions - Companies involved in copper production, such as Freeport-McMoRan and Southern Copper Corporation, have seen substantial stock performance due to higher copper prices and constrained supply [11][12] - Diversified mining companies like BHP Group also benefit from rising copper prices, enhancing their overall resource portfolios [12] Future Outlook - Modest production growth is anticipated, but refined copper output may struggle to meet demand, leading to sustained price support through 2026 [13] - Geopolitical factors, trade policies, and investments in mine developments will significantly influence global supply resilience, potentially intensifying market tightness [14] - Copper's evolving role as a strategic commodity central to energy transition and digital infrastructure will be closely monitored, with the potential for a long-term supercycle or high plateau [15]

Core Viewpoint - Mongolian Mining Corporation has released its operational update for the quarter ended December 31, 2025, highlighting significant increases in production and sales of coking coal, as well as initial gold and silver sales from its new gold mine [3][6][12]. Coking Coal Operations - The Group is the largest producer and exporter of washed coking coal in Mongolia, with operations primarily at the Ukhaa Khudag and Baruun Naran mines [4][5]. - In 2025, the Group sold 8,221.3 thousand tonnes of washed coking coal, a 4% increase from 7,882.1 thousand tonnes in 2024 [6]. - The product mix for washed coking coal in 2025 included 4,920.5 thousand tonnes of hard coking coal (HCC), 452.5 thousand tonnes of semi-soft coking coal (SSCC), and 2,848.4 thousand tonnes of mid-ash semi-hard coking coal (MASHCC), with respective contributions of 59%, 6%, and 35% to total sales [7]. - Key operational data for the quarter ended December 31, 2025, showed a 10% increase in ROM coal mined to 3,963.6 thousand tonnes, a 3% increase in processed ROM coking coal to 3,858.6 thousand tonnes, a 12% increase in washed coking coal produced to 2,350.7 thousand tonnes, and a 12% increase in washed coking coal sold to 2,578.1 thousand tonnes compared to the previous quarter [9]. Gold and Metals Operations - The Group holds a 50% equity stake in Erdene Mongol LLC, which operates the Bayan Khundii gold mine, and a 50.5% stake in Universal Copper LLC, which is developing the White Hill copper-silver-gold mine [11]. - In 2025, the Group sold 7,434 ounces of gold and 2,634 ounces of silver from the Bayan Khundii mine, with average prices of 4,153.25 USD/oz for gold and 53.14 USD/oz for silver [12]. - The processing plant at Bayan Khundii has a nameplate capacity of 650,000 tonnes per annum and employs various methods for gold and silver extraction [13]. - During the quarter ended December 31, 2025, the Group conducted geological exploration and metallurgical testing for the White Hill mine development [14].