BHP has reiterated its appetite for copper after the completion of a US$4 billion deal for Toronto-listed Filo Corp, locking in a plan to pursue the metal in South America alongside Lundin Mining.
BHP plans to form a joint venture with Canada's Lundin Mining to develop two copper projects in South America, highlighting its keen focus on the ‘future facing' commodity.
Mining technology business K2fly has delivered a 20 per cent boost to its annual recurring revenue, with new sales and contract renewals driving the key performance metric from $7.5 million in the fourth quarter of FY23 to $9 million in the fourth quarter of FY24. Cash receipts from customers of $4.6 million also jumped by 28 per cent during the same period.
Newcrest Mining has achieved its production guidance for the 2020 financial year, however, the goldminer's full-year output was 13 per cent down on the prior year.
There is a fine line between success and failure in the minerals exploration game, however Bentley-based firm HiSeis is helping companies to hit pay dirt faster and more frequently.
Canada's Lundin Mining has told its shareholders to reject Equinox Mineral's $4.9 billion hostile takeover, saying it is "financially inadequate" because of the number of conditions attached to the offer.
Equinox Minerals has reported an after tax profit of $US269 million in the 12 months to December 31, on the back on increased copper production and improved operational performance at its Lumwana copper mine in Zambia.
Fresh from its $1.2 billion takeover of Citadel Resource Group, West Perth-based Equinox Minerals has launched a $C4.8 billion ($A4.83 billion) bid for Canadian base metals producer Lundin Mining Corporation.
