BHP Group LimitedBHP
▲ PositiveCapitalrelevance
BHP funds a US$4 million exploration program under its alliance with Kobrea, advancing its copper exploration interests in Argentina
Impact on assets 2
Critical Materials & Supply Chain
BHP Group Limited
OK Rusal MKPAO0486
Mentioned
Theme Impact 2
Off-coverage companies 2
Kobrea Exploration Corp.Private▲ Positive
Capitalrelevance
Kobrea's management committee approved a US$4 million BHP-funded exploration program including diamond drilling at the El Destino porphyry target
BHP Metals Exploration Pty LtdPrivate▲ Positive
Capitalrelevance
BHP Metals Exploration will fund the approved US$4 million 2026/2027 exploration program at Kobrea's Western Malargüe copper projects
Related news
Canada
United States
Sweden▲
Lundin Mining Fair Value Rises to CA$42.54 as Analysts Split on Targets
Lundin Mining's fair value estimate has been raised to CA$42.54 from CA$41.45, with fresh analyst price targets clustering in the low to mid CA$40s. Scotiabank lifted its target to C$44 from C$42 while keeping an Outperform rating, and Barclays moved to C$43 from C$42 with an Equal Weight rating. Morgan Stanley adjusted its target to C$39.90 from C$38.20, maintaining Equal Weight, while TD Securities set a C$42 target, trimmed from C$43, but reiterated a Buy rating. On the bearish side, JPMorgan carries an Underweight rating with a SEK 209 target, revised from SEK 215, and a C$32 target, while Canaccord shifted to Hold from Buy with a C$39 target, adjusted from C$40. The updated fair value model uses revenue growth of 80.08% versus the earlier 70.86%, a net profit margin of 24.63% versus 24.32%, a future P/E of 26.92x versus 27.29x, and a discount rate of 7.93% versus 7.84%.
About megatrends
Critical Materials & Supply Chain › Copper Mining & Concentrate ▲Capital
Critical Materials & Supply Chain › Copper Capital
0RQ9.LSE · Capital · Positive Analysts raised Lundin Mining's fair value estimate to CA$42.54 and clustered price targets in the low-to-mid CA$40s, with several upward revisions.
Colombia3
Aris Mining Completes Soto Norte ESIA, Begins Colombia Community Engagement
Aris Mining has completed the Environmental and Social Impact Assessment for its Soto Norte gold-copper project in Santander, Colombia, and in 2026 began formal community engagement across three municipalities ahead of submitting the ESIA and environmental license application. The company said Soto Norte lies outside the Santurbán Páramo and its buffer zone, and it aligned the ESIA and consultation process with Colombia's regulatory framework and the Escazú Agreement. The milestone follows the ANM's July 29, 2026 approval of the modified technical mine plan for Soto Norte, which confirmed regulators have reviewed the project's geology, reserves and mine design but does not replace the need for an environmental license before construction or mining can begin. Aris Mining's narrative projects $2.2 billion revenue and $688.8 million earnings by 2029, requiring 19.9% yearly revenue growth and a $404.1 million earnings increase from $284.7 million today, with a CA$41.53 fair value implying 66% upside. Some of the lowest estimate analysts had assumed about US$2.0 billion of revenue and US$797.7 million of earnings by 2029 while still citing Soto Norte's lengthy permitting and heavy ESG commitments as reasons for caution.
About megatrends
Critical Materials & Supply Chain › Gold ▲Regulation
Critical Materials & Supply Chain › Copper Mining & Concentrate Regulation
Critical Materials & Supply Chain › Precious Metals Regulation
Critical Materials & Supply Chain › Copper Regulation
ARIS · Regulation · Positive Aris Mining completed the Soto Norte ESIA and began formal community engagement, advancing the project toward the required environmental license under Colombia's regulatory framework.
Peru
Chile▲
Rio2 Launches 33,870-Metre Condestable Drilling, Suspends Fenix Gold Work
Rio2 Limited launched a two-phase surface drilling and district-scale exploration program at its Condestable Copper Mine in Peru while suspending drilling at the Fenix Gold Mine in Chile, according to a September 2026 company-wide exploration update. The Condestable campaign covers 33,870 metres across two phases and is designed to better understand and potentially convert both breccia-hosted and vein-hosted copper-gold-silver mineralization based on a refined geological model. The program sits on top of the August 2026 approval of the MEIA modification for Condestable, which supports expansion to 10,000 tonnes per day and dry stack tailings. Rio2 said the Fenix suspension stemmed from adverse weather, safety concerns and contractor standby costs, leaving extreme weather as the key near-term operational risk. The company's narrative projects $691.3 million in revenue and $250.6 million in earnings by 2029, requiring 59.3% yearly revenue growth and roughly a $192 million earnings increase from $58.2 million today.
About megatrends
Critical Materials & Supply Chain › Copper Mining & Concentrate ▲Supply
Critical Materials & Supply Chain › Copper ▲Supply
Rio2 Limited · Supply · Positive Rio2 launched a two-phase 33,870-metre drilling program at Condestable to expand copper-gold-silver resources
COPPER · Supply · Positive Rio2's 33,870-metre drilling at Condestable and MEIA-backed expansion to 10,000 tpd signal potential future copper supply growth