Latest news with #Asarco
Yahoo
4 hours ago
- Business
- Yahoo
Grupo Mexico evaluating US investments after scaled-back copper tariff
MEXICO CITY (Reuters) -Grupo Mexico, a major copper producer, is looking to decide on investments for projects in the United States within the next three to five years, an executive said on a call on Wednesday, as Washington prepares to levy tariffs on some copper products. U.S. copper prices plunged on Wednesday after an order signed by President Donald Trump fell short of the sweeping restrictions expected and left out copper input materials such as ores, concentrates and cathodes. Grupo Mexico had earlier said it saw the proposed tariffs as an opportunity to invest some $6 billion in expanding copper projects in Arizona run by its local subsidiary Asarco, including reopening a mothballed smelting operation. "Now with the recent developments, we're continuously evaluating if we should or we should not restart our Hayden operation," Leonardo Contreras, finance chief of Grupo Mexico's mining division told analysts in a conference call. "We will continue to monitor on how these global changes happen on a daily basis," Contreras added. The tariff was intended to promote domestic development but the United States depends on imports for nearly half of its refined copper needs, and homegrown projects often take years to get off the ground. Chile, Canada and Mexico are currently its main suppliers, though China buys the bulk of their exports. Grupo Mexico said that although the trade war between the U.S. and China could affect global economic growth and consequently demand for copper, it maintained a "very positive" outlook for long-term copper growth in Asia. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
4 hours ago
- Business
- Reuters
Grupo Mexico evaluating US investments after scaled-back copper tariff
MEXICO CITY, July 30 (Reuters) - Grupo Mexico, a major copper producer, is looking to decide on investments for projects in the United States within the next three to five years, an executive said on a call on Wednesday, as Washington prepares to levy tariffs on some copper products. U.S. copper prices plunged on Wednesday after an order signed by President Donald Trump fell short of the sweeping restrictions expected and left out copper input materials such as ores, concentrates and cathodes. Grupo Mexico had earlier said it saw the proposed tariffs as an opportunity to invest some $6 billion in expanding copper projects in Arizona run by its local subsidiary Asarco, including reopening a mothballed smelting operation. "Now with the recent developments, we're continuously evaluating if we should or we should not restart our Hayden operation," Leonardo Contreras, finance chief of Grupo Mexico's mining division told analysts in a conference call. "We will continue to monitor on how these global changes happen on a daily basis," Contreras added. The tariff was intended to promote domestic development but the United States depends on imports for nearly half of its refined copper needs, and homegrown projects often take years to get off the ground. Chile, Canada and Mexico are currently its main suppliers, though China buys the bulk of their exports. Grupo Mexico said that although the trade war between the U.S. and China could affect global economic growth and consequently demand for copper, it maintained a "very positive" outlook for long-term copper growth in Asia.
National Observer
25-06-2025
- National Observer
What warped the minds of serial killers? Lead pollution, a new book argues.
This story was originally published by Grist and appears here as part of the Climate Desk collaboration When Ted Bundy was a child in the 1950s, he hunted for frogs in the nearby swamps in Tacoma, Washington. The young Gary Ridgway, the future Green River Killer, grew up just a short drive north. Both men went on to become prolific serial killers, raping and mutilating dozens of women, starting in the 1970s and '80s. These types of sociopaths are exceedingly rare, representing less than a tenth of 1 percent of all murderers by some accounts. Yet in Tacoma, they were surprisingly common — and there were more than just Bundy and Ridgway. In her new book Murderland: Crime and Bloodlust in the Time of Serial Killers, the Pulitzer Prize-winning author Caroline Fraser maps the rise of serial killers in the Pacific Northwest to the proliferation of pollution. In this case, the lead- and arsenic-poisoned plume that flowed from Asarco's metal smelter northwest of Tacoma, which operated for almost a century and polluted more than 1,000 square miles of the Puget Sound area, the source of the famous 'aroma of Tacoma.' Fraser grew up in the 1970s on Mercer Island, connected to Seattle by a floating bridge with a deadly design, not far from a terrifying lineup of serial killers. George Waterfield Russell Jr., who went on to murder three women, lived just down the street, a few years ahead of Fraser at Mercer Island High School. (No surprise, his family once lived in Tacoma.) She had always thought the idea that the Pacific Northwest was a breeding ground for serial killers was 'some kind of urban legend,' she told Grist. But after much time spent staring at pollution maps, and looking up the former addresses of serial killers, she came up with an irresistible hypothesis: What if lead exposure was warping the minds of the country's most harrowing murderers? In Murderland, Fraser makes a convincing case that these killers were exposed to heavy metal pollution in their youth, often from nearby smelters and the leaded gasoline that was once burned on every road in the country. Studies have shown that childhood lead exposure is connected to rising crime rates, aggression, and psychopathy. In children, it can lead to behavior that's been described as cruel, impulsive, and 'crazy-like'; by adulthood, it's been linked to a loss of brain volume, particularly for men. Fraser doesn't pin sociopathy solely on exposure to lead, though she suggests that it's a key ingredient. 'Recipes for making a serial killer may vary, including such ingredients as poverty, crude forceps deliveries, poor diet, physical and sexual abuse, brain damage, and neglect,' Fraser writes. 'Many horrors play a role in warping these tortured souls, but what happens if we add a light dusting from the periodic table on top of all that trauma?' Fraser is a fan of true crime, but when writing the book, she tried to correct for what she sees as the genre's problems, she said. Biographers often zoom in on a killer in isolation, like Ted Bundy or the Zodiac killer, and he comes off as some kind of mastermind. In Fraser's telling, with all their deprived murders placed side by side, these killers seem patterned, almost predictable. 'It was also revealing to see that they're not only not as smart as we may have thought they were after Hollywood got through with them, but that their behavior is so similar,' she said. 'Like, they're almost kind of automatons, where their behavior's very robotlike.' Fraser draws a parallel between murderers as we normally understand them and more indirect killers, the book's true archvillain: smelting companies and the people profiting off them, like the famous Guggenheim family that acquired Asarco. In 1974, officials at Asarco's Bunker Hill smelter in Kellogg, Idaho, did a back-of-the-napkin estimate and found that poisoning 500 children with lead had a legal liability of merely $6 million to $7 million, compared to the $10 million to $11 million they'd make by increasing lead production. So the choice was easy. 'The behavior of the people who built these smelters, invested in them, ran them, continued to emit tons of lead and arsenic into the air in populated cities — I mean, it's beyond astonishing, what they did,' she said. Take Dr. Sherman Pinto, the medical director at the Tacoma smelter, who claimed that the lung cancer deaths among workers were simply because of pneumonia. 'It just struck me how much their behavior is comparable to that of serial killers, because they're constantly lying,' Fraser said. Beyond the Pacific Northwest, the book follows the depraved behavior of Dennis Rader in Kansas in the 1970s and 1980s, and Richard Ramirez in California in the 1980s — both of whom also grew up near smelting. Even London's famous Jack the Ripper was probably poisoned by the lead smelting boom in the 19th century, driven by demand for paint. Yet Murderland focuses on Washington state for a reason. When Fraser looked at the Washington Department of Ecology's map of lead and arsenic contamination, she saw four plumes: The fallout from Asarco's Tacoma smelter, another smelter plume in Everett, former orchard lands in central Washington that were sprayed with lead arsenate as a pesticide, and a cleanup site on the upper Columbia River. 'Every one of those plumes, including the most remote and least populated site on the Columbia, has hosted the activities of one or more serial rapists or murderers,' Fraser notes. (Israel Keyes, the serial killer and necrophiliac, grew up downriver from the Trail smelter in British Columbia.) Leaded gas was fully phased out in the United States by 1996, and metal smelters have largely been decommissioned for financial reasons. But the legacy of lead remains with us. A recent experiment found that about 90 percent of toothpastes tested contained lead; a few weeks ago, the supermarket chain Publix recalled baby food pouches after product testing detected lead contamination. Last year, the Biden administration issued a regulation requiring drinking water systems across the country to replace lead pipes within 10 years, but the Trump administration and some Republicans in Congress are trying to roll back these protections. 'Regardless of whether you agree with my connection between lead exposure and serial killers, I do think people really need to be aware that that was a huge part of our history, and it's still out there,' Fraser said. 'I hope that this book does something to help people make connections between where they live, and what they might be exposed to, and what that might mean.'
Yahoo
25-03-2025
- Business
- Yahoo
Phase 1 Drilling Program Initiated at the Buchans Critical Minerals Project, Newfoundland
Vancouver, British Columbia--(Newsfile Corp. - March 25, 2025) - Canterra Minerals Corporation (TSXV: CTM) (OTCQB: CTMCF) (FSE: DXZB) ("Canterra" or the "Company") is pleased to announce commencement of drilling and outlines its 2025 drill program at the Buchans Project in the Central Newfoundland Mining District, 50 kms north of Calibre Mining's Valentine Gold Mine and 34 km from Teck Resources' past producing Duck Pond Mine (Figure 2). Key Points: Up to 10,000 m of diamond drilling at Buchans in a phased approach to coincide with the results from the previously announced IP survey (see February 19, 2025 news release) Phase 1 focused on drill targets at Pumphouse and Lundberg to continue advancing near resource expansion opportunities started in the 2024 Buchans drill program Chris Pennimpede, President and CEO of Canterra commented: "We are excited to begin Canterra's 2025 drilling program, which we believe, together with results from the Company's ongoing deep-seeking geophysical surveys, has the potential to yield transformational results for Canterra and the Buchans Project. We are optimistic this work may uncover new discoveries below depths explored by past operators at one of the world's highest-grade past producing VMS mines." Drill Targets in Order of Priority: Pumphouse: This prospect represents an underexplored fault repeat of the Oriental mine horizon located 500 m northwest from the former Oriental orebody and 1.5 km northeast of the former Lucky Strike orebody (Lundberg deposit area). Former mine operators, Asarco, are reported to have mined 3.3 Mt1 averaging 14.18% Zn, 7.90% Pb, 1.47% Cu, 154.0 g/t Ag & 1.96 g/t Au at Oriental between 1935 and 1983. Drilling aims to test the continuity of this zone and provide additional information that may inform future drilling campaigns that will test for extensions of the zone down plunge. Lundberg: The program includes drilling to expand the current 16.8 Mt resource2 laterally and at depth, including north of higher grade stockwork mineralization intersected by Canterra's 2024 drilling and provide further information relating to the underlying Lundberg stockwork footwall mineralization which had not been the focus of previous operators. Figure 1. Buchans drilling targets and limits of Lundberg Resource estimate projected vertically to surface. 2025 drill targets in white view an enhanced version of this graphic, please visit: Buchans Project The Buchans Project is an advanced critical minerals project that hosts a significant undeveloped mineral resource adjacent to the past producing Buchans Mine. This brownfield project covers 87.5 square kilometres near the town of Buchans and includes the past producing Buchans Mine operated by Asarco from 1928 to 1984. The project's undeveloped Lundberg resource is a volcanogenic massive sulphide-related ("VMS") stockwork sulphide deposit comprising a large, near-surface resource located beneath and adjacent to workings of the previously mined, high-grade Lucky Strike massive sulphide orebody. At Buchans, Asarco is reported to have mined high-grade ore totaling 16.2 Mt1 at an average grade of 14.5% Zn, 7.6% Pb, 1.3% Cu, 1.37 g/t Au & 126 g/t Ag mined from five orebodies, all located within Canterra's Buchans Project. The Lundberg resource is located immediately beneath and adjacent to workings of the previously mined, Lucky Strike massive sulphide orebody where Asarco is reported to have mined 5.6 Mt1 of high-grade ore averaging 18.4% Zn, 8.6% Pb, 1.6% Cu, 112 g/t Ag & 1.7 g/t Au. Historic mining at Lucky Strike pre-stripped a significant portion of the Lundberg Resource. Figure 2. Canterra's Central Newfoundland Mining District properties. To view an enhanced version of this graphic, please visit: Notes: (1) Past production figures from Kirkham, R.V., ed., 1987, Buchans Geology, Newfoundland. Geological Survey of Canada, Paper 86-24, 288 p. (2) Lundberg's 2019 Resource Estimate (effective date of February 28, 2019) includes In-pit Indicated Mineral Resources 16,790,000 tonnes grading of 0.42% Cu, 1.53% Zn, 0.64% Pb, 5.69 g/t Ag & 0.07 g/t Au (containing 156 million pounds Cu, 566 million pounds Zn, 237 million pounds Pb, 3.1 million ounces Ag, & 37,000 ounces Au) as well as In-pit Inferred Mineral Resources totaling 380,000 tonnes at a grade of 0.36% Cu, 2.03% Zn, 1.01% Pb, 22.35 g/t Ag & 0.31 g/t Au (containing 3.0 million pounds Cu, 17 million pounds Zn, 9 million pounds Pb, 270,000 ounces Ag, & 38,000 ounces Au; see news release dated June 4, 2024 and associated Technical Report for additional details). Newfoundland and Labrador Junior Exploration Assistance Canterra would like to acknowledge the financial support it may receive from the Junior Exploration Assistance Program from the government of Newfoundland and Labrador related to the completion of its 2025 exploration programs at Buchans. About Canterra Minerals Canterra is a diversified minerals exploration company focused on critical minerals and gold in central Newfoundland. The Company's projects include six mineral deposits located in close proximity to the world-renowned, past producing Buchans mine and Teck Resources' Duck Pond mine that collectively produced copper, zinc, lead, silver and gold. Several of Canterra's deposits support current and historical Mineral Resource Estimates prepared in accordance with National Instrument 43-101 and the Canadian Institute of Mining, Metallurgy, and Petroleum Definition Standards for Mineral Resources and Mineral Reserves current at their respective effective dates. Canterra's gold projects are located on-trend of Calibre Mining's Valentine mine currently under construction and cover a ~60 km extension of the same structural corridor that hosts mineralization within Calibre's mine project. Past drilling by Canterra and others within the Company's gold projects intersected multiple occurrences of orogenic style gold mineralization within a large land position that remains underexplored. Qualified Person Paul Moore MSc. (NL), Vice President of Exploration for Canterra Minerals Corporation, a Qualified Person within the meaning of National Instrument 43-101, has reviewed the technical disclosure in this news release for accuracy and either prepared or supervised its preparation. ON BEHALF OF THE BOARD OF CANTERRA MINERALS CORPORATIONChris PennimpedePresident & CEO Additional information about the Company is available at further information, please contact: +1 (604) 687-6644Email: info@ Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward-Looking InformationThis press release contains statements that constitute "forward-looking information" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation, including statements with respect to estimated mineral resources, the opening of avenues for substantial discoveries within the belt, the Buchans Project being ripe for a modern approach with significant exploration potential for high grade VMS mineralization, the Company anticipating being strongly positioned to unveil the next mineral discovery in central Newfoundland. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include risks associated possible accidents and other risks associated with mineral exploration operations, the risk that the Company will encounter unanticipated geological factors, the possibility that the Company may not be able to secure permitting and other governmental clearances necessary to carry out the Company's exploration plans, the risk that the Company will not be able to raise sufficient funds to carry out its business plans, and the risk of political uncertainties and regulatory or legal changes that might interfere with the Company's business and prospects.; as well as those risks and uncertainties identified and reported in the Company's public filings under its SEDAR+ profile at Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise. To view the source version of this press release, please visit Sign in to access your portfolio
