Ajax Resources signs SPA for 74.79% stake in Chile's Paguanta project
Ajax Resources PLC has signed a share purchase agreement to acquire a 74.79% interest in the Paguanta project in Chile from ASX-listed Asara Resources Limited.
Ajax Resources PLC has signed a share purchase agreement to acquire a 74.79% interest in the Paguanta project in Chile from ASX-listed Asara Resources Limited.
Vale Base Metals has started operating an autonomous Komatsu 930E haul truck fleet at its Salobo copper mine in Brazil and is progressing a coarse particle flotation project that will lift Salobo III capacity by 6 million tonnes per year.
Reported data shows Glencore's copper production in the Democratic Republic of Congo rose 66% in the first half, with cobalt quota policy driving a shift in the company's output structure.
A Jefferies report points to second-quarter production cuts by major miners as a sign that copper supply and demand are tightening simultaneously.
Copper prices are nearing historic peaks as physical metal moves to the US and concentrate supply tightens, according to market reporting.
Indonesia's Onto copper-gold project holds estimated resources exceeding 2 billion tonnes and could host more gold than Grasberg, according to the Indonesia Mining Institute.
Vale has reported progress on the expansion of its Salobo copper mine, a project expected to add 30,000 tonnes of annual production capacity.
Emirates Global Aluminium's plan to restore production ahead of schedule eased supply concerns, sending aluminium prices down for a second consecutive session.
Two major Philippine players are planning to combine their copper and gold assets to form the country's largest mining company.
An Aug. 13, 2026 review of UK-listed miners says Glencore, Antofagasta and Central Asia Metals are being tested on diversification, copper operational delivery and water infrastructure amid a mixed commodity cycle.
The US government has signed a proclamation imposing 100% tariffs on certain drones and drone components to reduce reliance on foreign suppliers and protect domestic supply chains.
Lumina Metals reported quarterly results highlighted by a completed PEA for the Nowa Sól project and a successful dual-listed IPO.
The smelter linked to Indonesia's Grasberg mine has halted operations, causing delays in copper exports.
A Philippine consortium acquired a 20% stake in Atlas Mining; copper mine expansion is imminent.
Chile's Congress passed a major reform bill that will simplify environmental approval procedures for mining projects.
Global visible inventories at the three major exchanges total about 1.11 million tonnes, with the U.S. alone locking in over 1 million tonnes—equivalent to half a year of its domestic consumption.
Hindustan Copper plans to purchase copper concentrate from Chile for supply to Hindalco.
India and Chile are in the final stage of CEPA negotiations, with critical minerals high on New Delhi's priority agenda.