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BHP Hedges China Risks With Olympic Dam Copper Investment - BHP Group (NYSE:BHP)
Benzinga· 2025-10-02 09:40
BHP (NYSE:BHP) has announced an investment of more than 840 million Australian dollars ($556 million) into growth-enabling copper projects at Olympic Dam in northern South Australia. The funding will expand mining access, upgrade smelting capacity, and reinforce the foundations of the company’s Copper SA operations.“BHP is the largest producer of copper in the world, and we expect to grow our copper base from 1.7 million tons to around 2.5 million tons per annum,” Chief Operating Officer Edgar Basto said. “ ...
Freeport-McMoran Jumps 5.66% on Indonesian Arm Divestment to Govt ‘At No Cost’
Yahoo Finance· 2025-10-01 21:34
We recently published 11 Stocks Crushing Wall Street With Whopping Gains. Freeport-McMoran Inc. (NYSE:FCX) is one of the top performers on Tuesday. Freeport-McMoran grew for a third straight session on Tuesday, adding 5.66 percent to finish at $39.22 apiece as investors cheered its divestment of a significant stake in an Indonesian subsidiary, as part of its strategy to extend mining operations at one of the largest copper mines in the world. According to the company, it gave up a 12-percent stake in PT ...
Andina Copper Appoints Project Manager For Cobrasco
Thenewswire· 2025-10-01 11:30
Core Viewpoint - Andina Copper Corporation has appointed Wilson Escobar as Project Manager for the Cobrasco Copper Project in Chocó, Colombia, highlighting the company's commitment to advancing its copper exploration efforts [1][3]. Company Overview - Andina Copper Corporation is a South America-focused copper explorer listed on the Canadian Stock Exchange (CSE: ANDC), Frankfurt (FSE: FIR), and OTC (OTCQB: PMMCF) exchanges, with projects in Argentina, Colombia, and Chile [6]. Key Appointments - Wilson Escobar, a Colombian geologist with over 25 years of experience in mineral exploration and mine operations, has been appointed as Project Manager [2][3]. - Escobar's previous roles include senior exploration positions at Vale, Anglo American, and South32, showcasing his extensive industry experience [2]. Project Development - The Cobrasco Copper Project is described as a company-making asset, with a focus on defining the size and grade potential of the initial discovery at Cobrasco Central and advancing other targets along the Eocene porphyry belt [4]. - Following the acquisition of Cobrasco and a successful financing round in July 2025, the company has quickly built a local team and recommenced field exploration [4]. Exploration Activities - Surface exploration is currently underway at Cobrasco, with preparations for the 2025/26 field season at the Piuquenes copper-gold project in San Juan, Argentina, where geophysics and new drilling are planned [5]. - Results from a recent surface sampling program at the Mantau copper-gold project in Antofagasta, Chile, are expected soon [5].
Midnight Sun Confirms Dumbwa System With Initial Copper Intercepts
Newsfile· 2025-10-01 10:30
Core Viewpoint - Midnight Sun Mining Corp. has confirmed significant copper mineralization at the Dumbwa Target through initial drilling results, indicating a promising exploration phase for the company [1][4]. Summary by Sections Initial Drilling Results - The initial intercepts at the Dumbwa Target include 39.7 meters of 0.51% copper, with notable sections of 7.0 meters at 1.13% copper and 25.9 meters at 0.48% copper [1][2]. - Hole DBW-25-003 intercepted 0.48% Cu over 25.9 meters and 0.29% Cu over 5.2 meters, while hole DBW-25-007 intercepted 0.51% Cu over 39.7 meters, including 1.13% Cu over 7.0 meters [2][4]. Geological Insights - The mineralization occurs within near-vertical shear zones, with copper sulphides predominantly consisting of bornite, chalcopyrite, and chalcocite [5][8]. - The geological model suggests multiple near-vertical, parallel to sub-parallel shear zones that remain open to further exploration along the ~20-kilometer strike length of the target area [8][14]. Future Exploration Plans - Following the initial holes, additional drilling (DBW-25-009 and DBW-25-010) was conducted to assess the lateral extent of the mineralization and confirm the orientation of the shear zones [6][7]. - The results from the step-out holes confirmed the presence of multiple parallel shear zones and indicated broad intervals of mineralization [7][8]. Company Background - Midnight Sun is focused on exploring the Solwezi Project in Zambia, situated in a highly prospective area of the Zambia-Congo Copperbelt, surrounded by significant copper mining operations [14].
BHP earmarks $555 million to boost copper production in South Australia
Reuters· 2025-10-01 04:37
BHP said on Wednesday it would invest more than A$840 million ($555.16 million) in its Olympic Dam copper operations in South Australia as the miner prepares to make an investment decision by mid-2027 to double output from the state. ...
FCX Investor News: If You Have Suffered Losses in Freeport-McMoRan Inc. (NYSE: FCX), You Are Encouraged to Contact The Rosen Law Firm About Your Rights
Globenewswire· 2025-09-30 23:11
NEW YORK, Sept. 30, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Freeport-McMoRan Inc. (NYSE: FCX) resulting from allegations that Freeport may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Freeport securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arran ...
Glencore's Lomas Bayas mine in Chile working to control fire at waste yard
Reuters· 2025-09-30 20:39
Glencore's Lomas Bayas copper mine in Chile is working to control a fire that broke out at a waste yard at midday on Tuesday, sending up a tall column of smoke, the company said in a statement. ...
Codelco names VP to lead integration at Andina mine with Anglo American
Reuters· 2025-09-30 19:53
The world's biggest copper miner, Chile's Codelco (COBRE.UL), has named Gonzalo Lara Skiba as vice president of integrating operations at Andina, a role in which he will spearhead a shared mine plan between Codelco's Andina and Anglo American's Los Bronces. ...
Dr. Copper Thinks Health Of U.S. Economy Is Fine; Ero Copper Gets Key Rating Upgrade After 156% Jump In Profits Last Quarter
Investors· 2025-09-30 18:49
BREAKING: Tech Futures Rise; Tesla Deliveries Loom Get market updates, educational videos, webinars, and stock analysis. 9/24/2025A Relative Strength Rating upgrade for Ero Copper shows improving technical performance. Will it continue? Get Started 9/24/2025A Relative Strength Rating upgrade for Ero Copper shows improving... INVESTING RESOURCES Take a Trial Today When the price of copper is rising it's a strong indicator the overall economy is healthy. That's how the burnt orange metal got the nickname Dr. ...
Solaris Resources (NYSEAM:SLSR) 2025 Conference Transcript
2025-09-30 16:47
Summary of Solaris Resources Presentation at Lithium Partners Fall 2025 Investor Conference Company Overview - **Company Name**: Solaris Resources - **Ticker Symbols**: SLSR (NYSE), SLS (TSX) - **Market Capitalization**: Approximately $900 million [9] Industry Context - **Industry**: Copper Mining - **Key Project**: Warintza Project, a significant copper porphyry deposit located in southeastern Ecuador Core Points and Arguments 1. **Project Significance**: Warintza is described as a tier one, global scale, near-term, multi-generational copper project with a resource estimate of 4.3 billion tons, expected to expand in 2025 [3][10] 2. **Economic Viability**: The project has a low strip ratio and is positioned in the first quartile of the cash cost curve, indicating robust economic potential [4][10] 3. **Revenue Diversification**: Approximately 18% of revenues are expected to come from byproduct credits, including molybdenum and gold, enhancing revenue stability [4][30] 4. **Funding and Financial Health**: Solaris has secured a $200 million financing package from Royal Gold, which is non-dilutive and covers all necessary activities until a final investment decision (FID) in late 2026 [5][21] 5. **Social License and Community Engagement**: The company has signed multiple agreements with local communities and received endorsements from various government levels, ensuring a social license to operate [6][18] 6. **Management Team**: The management team has extensive experience in mining and a proven track record, which is crucial for the project's success [7][8] 7. **Strategic Positioning**: The project has no major partners in the equity stack, providing strategic flexibility for future partnerships [5][10] 8. **Infrastructure and Location**: Ecuador is highlighted as a favorable mining jurisdiction with low tax rates, good infrastructure, and supportive government policies [15][16][17] 9. **Permitting Process**: The company is progressing well with the Environmental Impact Assessment (EIA) and anticipates approval by late 2025 [27][28] 10. **Future Catalysts**: Key upcoming milestones include the publication of the Preliminary Feasibility Study (PFS) and updated mineral resource estimates in late 2025, followed by a bankable feasibility study in 2026 [29][30] Additional Important Information - **Investor Protection**: The company benefits from investment protection agreements, including tax and regulatory freezes until 2066 [17] - **Community Support**: Strong rapport with local communities and multiple agreements in place to ensure ongoing support for the project [18] - **Market Position**: Solaris believes it is undervalued relative to its net asset value (NAV) and expects to see value accretion as it meets its development milestones [32] This summary encapsulates the key points from the Solaris Resources presentation, highlighting the company's strategic advantages, project viability, and future growth potential in the copper mining industry.