Glencore to shut Mount Isa copper mines by 2025, cut 1,000 jobs

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PLUS: Newmont starts Penasquito ramp-up | Teck facing $7.6bn fine in Chile | US DOI draft study for Ambler road

October 17th, 2023 MINING NEWS DIGEST   Glencore to shut Mount Isa copper mines by 2025, cut 1,000 jobs – AFR Move will result in the loss of about 1,000 jobs, though it will keep its refinery and smelters open in North Queensland.   Newmont starts ramp-up at Peñasquito as strike ends Return to normal operations at Mexico's largest gold mine is expected to take several weeks, and Newmont vowed to update markets next week.   Teck faces $8 million fine for alleged breach of environmental permit in Chile Teck faces two "serious" charges around its Carmen de Andacollo copper-gold mine in Chile's central Coquimbo Region.   US DOI draft study poses further setback for Alaska's Ambler road project The US Department of the Interior found that as many as 66 communities whose subsistence-style living activities could be affected.   JV Article: Take Part in the 2023 Mining Needs You Virtual Career Fair The Mining Industry Human Resources Council (MiHR) has partnered again with the Prospectors & Developers Association of Canada (PDAC) and the Canadian […]   Rio Tinto cuts Canadian iron ore guidance The Iron Ore Company of Canada, in which Rio has a 60% interest, is now expected to reach 9.3-9.8mt, down from the 10-11mt set in July.   Winshear Gold moves on from Tanzania project, takes $30 million settlement Winshear is one of three mining companies that have requested compensation from the Tanzania government through the ICSID tribunal.   Newcrest reports lower quarterly gold output on maintenance shutdowns Planned maintenance activities at the miner's Cadia, Telfer and Brucejack projects resulted in a lower throughput.   Ivanhoe founder Robert Friedland awarded Mongolia's Order of the Polar Star Previous recipients of the award include Barack Obama, Hillary Clinton and John McCain.   Vale creates company to sell sand from iron ore tailings The company wants to reduce the disposal of such materials in dams or piles following major disasters.   Oroco announces $1.24 billion after-tax NPV for Santo Tomas copper project Over an approximate 20-year mine life, the Santo Tomas project would have total payable copper production (in concentrate) of 4.75 billion lb.   Posco-backed group invests in lithium technology startup EnergyX EnergyX is building a DLE demonstration plant in Argentina's Salta province, near Posco's Sal de Oro project.   Ancient nickel-eating microbes can teach us valuable biomining techniques – study Methanogens are ancient life forms that still exist today. They power their metabolism by breaking down rocks and minerals.   Nigeria to require mining firms to invest in domestic processing – minister Government wants to boost processing and refining of metals like lithium and zinc within the country.   Canada to give Umicore up to C$1bn for new battery components plant The facility, in the Ontario town of Loyalist Township, will manufacture cathode active materials.     You are receiving this email because this email was subscribed to the MINING.com News Digest List. You may manage your subscription, or unsubscribe at any time. This email was sent to you by MINING.COM Copyright © 2023 . All rights reserved.