Mining News
The company described the approval as a decisive step in the permitting process and an important advancement toward the project's development.
Total investment in the project could reach $18 billion, Caputo said. The mine is projected to generate exports of more than $2.6 billion annually.
Kinterra Capital acquired the mine site and infrastructure in October 2024 for $128 million.
This project represents one of the largest private investments in rural Arizona’s history.
The mining industry preferred corporate acquisitions over individual asset purchases.
The operational challenges were primarily driven by delays in equipment deliveries to the mine, stemming from road insecurity in parts of the country.
Gomez had been serving as head of the Collahuasi copper mine, one of the world's largest, since 2012 and will replace current CEO Ruben Alvarado.
The company is yet to assess the potential impacts of the disruption on its 2026 production guidance.
In the decision, the Court found that the Plaintiffs failed to show that the planned activities would cause the Plaintiffs irreparable harm.
The project will use sequential open-pit mining at the Marte and Lobo deposits.
The company reported industry-leading safety performance, with a lost-time injury frequency rate of 0.07 per million hours worked for employees and contractors.
Police spokesman Gaspar Luis Inacio said search-and-rescue teams were continuing efforts to locate two individuals believed to still be trapped beneath the debris.
The diversification project outlines a comprehensive plan to transform the Corner Brook site into a modern, competitive, and sustainable manufacturing complex.
Perpetua shares rose more than 12% on the news.
The redevelopment is projected to create more than 2,000 direct and indirect jobs, boosting regional economic activity and Indigenous participation.
For his part, Minister of Petroleum and Mineral Resources Karim Badawi said the partnership will play a vital role in supporting ongoing efforts to develop and advance Egypt’s mining sector.
The tribunal's decision was issued on Friday, May 15. It annulled a favorable 2021 environmental approval (RCA) issued by the Environmental Assessment Service (SEA).
Over 70% of this tonnage originated from the Abore deposit.
The investment comes after Ontario's "One Project, One Process" permitting system, which was implemented last year to reduce mining approval times to two years.
Barrick maintained its full-year 2026 production guidance of 2.90–3.25 million ounces of gold and expects stronger sequential output through the year.
The company also advanced expansion work at Pueblo Viejo Mine and moved its Fourmile project into prefeasibility.
The ministry said the project would cover nearly 6 square kilometers of mining area.
Lundin Gold ended the quarter with $704 million in cash and no debt.
The move is part of a global dash for copper as the trend toward electrification is expected to boost demand for the metal in the years ahead.
The case against the inspectors was dismissed after a judge found that the summons was not properly served.