Copper News

Copper mining, investment and price news

Codelco halts world's largest open pit copper mine over strike

Cecilia Jamasmie | July 28, 2015
Codelco halts world's largest open pit copper mine over strike

Things took a turn for the worse Friday, when a worker was shot dead by police near the company's smaller Salvador mine in northern Chile.

Zambia power cuts feed copper supply worries, lift prices

Cecilia Jamasmie | July 28, 2015
Zambia power cuts feed copper supply worries, lift prices

Power restrictions could hit output of most copper mines operating in the country.

Papua New Guinea’s Ok Tedi copper, gold mine halts production

Cecilia Jamasmie | July 28, 2015
Papua New Guinea’s Ok Tedi copper, gold mine halts production

The company is also slashing 30% of its foreign employees and 15% of the local workforce.

Australian firm wants Yukon Zinc's Wolverine mill

Frik Els | July 27, 2015
Australian firm wants Yukon Zinc's Wolverine mill

Brisbane-based Minquest says buying plant of bankrupt zinc miner could save it $150m–200m to bring nearby copper project into production.

Loonie headed to 75 cents by autumn:BMO

Business in Vancouver | July 27, 2015
biv loonie headed to 75 cents by autumn - bmo - 333

Canadians can expect the value of the loonie to drop even further this summer, reaching US$0.75 — or perhaps even lower — according to economists at BMO.

The nickel price can only go up

Frik Els | July 26, 2015
The nickel price can only go up

This trailblazing company is ahead of the game in the fastest growing region in the world.

Teck credit rating at risk due to poor commodity price

Business in Vancouver | July 24, 2015
oilsands oil sands truck mining

Teck Resources Ltd. (TSX:TCK.B)(NYSE:TCK) reported increased profit in 2015’s second quarter but as commodity prices slide, the company sees a greater risk of its credit rating being demoted from investment-grade.

Anglo American to axe 53,000 jobs, put 15 assets up for sale

Cecilia Jamasmie | July 24, 2015
Anglo American to axe 53,000 jobs, put 15 assets up for sale

“It is a pretty tough market,” said Chief Executive Mark Cutifani, “and in all likelihood the next six months are going to be even tougher.”

New study: Costs of permitting delays to mining projects

National Mining Association | July 24, 2015
Colleen - Approved, permit, granted, seal of approval, stamped, permission granted 333

Study shows half of a mining project's value can be lost due to permitting delays.

US mining policy and global competitiveness

National Mining Association | July 24, 2015
Seven familiar names shortlisted to head Anglo American

Mark Fellows, director of metals consulting at SNL Metals & Mining, explains why permitting delays happen, what they’re costing our economy and how to fix it.

Mining firms should act now to stay ahead of local content rules

Achilles | July 24, 2015
Mining firms should act now to stay ahead of local content rules

Global miners could be at risk of losing valuable exploration and operating licences unless they step up their efforts to award work to suppliers in the locality of contracts.

Global miners improve policies on community consent, while oil and gas lag

Oxfam America | July 23, 2015
Global miners improve policies on community consent, while oil and gas lag

Implementation of “free, prior and informed consent” policies vital tool to prevent conflict and costs to companies, reveals study published Thursday by Oxfam.

Coal slump hits Teck’s profit, output forecast

Cecilia Jamasmie | July 23, 2015
Coal slump hits Teck’s profit, output forecast

The Vancouver-based miner profit fell 21% in the quarter, making it adjust its 2015 coal production forecast to 25-26 million tonnes from 26.5-27.5 million tonnes.

Newmont results shows it pulling away from peers

Frik Els | July 22, 2015
Newmont sticks to gold output targets, slashes costs

World's second largest gold miner ups 2015 production to 5.2m–5.5m ounces after second quarter earnings jump 30% and costs fall 14%.

Chile's copper output to fall after 2025

EFE | July 22, 2015

According to the Chilean Copper Commission (Cochilco) it would happen due to lack of appropriate technology.

BHP Billiton beats iron ore guidance, takes copper write-downs

Cecilia Jamasmie | July 22, 2015
BHP Billiton beats iron ore guidance, takes copper write-downs

The world's No.1 miner will continue boosting its iron ore output, adding to a global glut and keeping pressure on prices.

Gabriel files for international arbitration against Romania

Market Wire | July 21, 2015

Dispute over Roşia Montană gold and silver project.

Canadian provinces to cut fuel use, boost tidal energy

Cecilia Jamasmie | July 21, 2015
Canadian provinces to cut fuel use, boost tidal energy

The deals represent two ground-breaking initiatives to make Canada’s mining industry more fuel-efficient and environmentally friendly.

Canadian ministers urged to better prevent damage from mining

Cecilia Jamasmie | July 21, 2015
Canadian ministers urged to better prevent damage from mining

Federal Natural Resources Minister, Greg Rickford, argues that the federal government is taking the right steps through new legislation.

Salman Partners economist calls bottom in copper

The Gold Report | July 20, 2015
bottom salman

Not a typical cycle.

Anglo American to write down up to $4bn on weak commodity prices

Cecilia Jamasmie | July 16, 2015
Anglo American to write down up to $4bn on weak commodity prices

This would be second multi-billion dollar impairment charge Anglo takes this year on its coal and iron ore assets.

Part II: Will mining boom again, Dad?

Brent Cook | July 16, 2015

Don't hold your breath kid. It’s bleak out there and we have a 10-year super commodity bull to work off this time.

Zambia mining industry says new rules to scare investors, deter local processing

Cecilia Jamasmie | July 16, 2015
Zambia mining industry say new rules to scare investors, deter local processing

The Chamber of Mines wants the government to reconsider its decision to hike corporate income tax rate on mineral processing from 30% to 35%, which came in effect July 1.

Prepare for flood of copper concentrate

Frik Els | July 15, 2015
Prepare for flood of copper cocentrate

New data by International Copper Study Group predicts copper mine output will grow 5.7 million tonnes by 2018 as Peru, Zambia and Mexico ramp up production.

What was it like, Dad?

Brent Cook | July 15, 2015

We lost nearly everyone on that journey which began so optimistically—and naively.

Anglo American likely to cut dividend amid commodities collapse

Cecilia Jamasmie | July 15, 2015
Anglo American likely to cut dividend amid commodities collapse

It would be the first time since 2009 that Anglo has to cut dividends.

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