Copper News

Copper mining, investment and price news

Surplus melting away? Codelco says output to drop 5%

Frik Els | November 25, 2014
Surplus melting away? Codelco says output to drop 5%

Copper price falls to 8-month low, but world's top producer and industry bellwether says it "will sell less, because we have less".

So bad it's good: surviving 2014

The Gold Report | November 25, 2014
businessman hands mining

While some thought 2014 was so bad it was good—for contrarian investors—others will be all too happy to see the year in the rearview mirror.

Alaska’s Pebble mine scores win after court orders EPA to back off

Cecilia Jamasmie | November 25, 2014
Alaska’s Pebble mine scores win after court orders EPA to back off

A federal judge has ruled in favour of the Pebble mine project, putting a temporary halt on the U.S. Environmental Protection Agency’s efforts to protect Bristol Bay.

Mining professionals working harder but earning less

AusIMM - The Minerals Institute | November 25, 2014
Gold Mine workers

Australia’s mining industry professionals (including geoscientists and mining engineers) have experienced a cut of almost 20 per cent in their salaries in the past two years.

Canadian Government releases updated CSR strategy: key developments

Fasken Martineau | November 25, 2014

The updated CSR Strategy reflects the Canadian government’s continued commitment to CSR, particularly in the extractive sector.

Glencore-Rio merger will happen hedge funds told

Frik Els | November 25, 2014
finance_businessman_london_newspaper_bowler_hat

Ian Hannam, the once and future king of mining M&A, is swinging for the fences with his new boutique advisory firm reports Bloomberg.

Ivanhoe jumps on exploration results at African mine

Cecilia Jamasmie | November 24, 2014
Ivanhoe jumps on exploration results at African mine

The miner has hit exceptionally high-grade silver, zinc and copper at its Kipushi mine in the DRC.

More than a dozen short-term repairs, plans await Mount Polley remediation: report

Business in Vancouver | November 24, 2014
Canada’s Mount Polley disaster: experts warned tailings pond 'getting large'

A tailings berm breached during the Mount Polley mine disaster has yet to be repaired to the point it can withstand the arrival of water…….

Travis McPherson - CEO.ca

Friedland-backed Kaizen reports “spectacular” copper grades in Canadian tundra

Travis McPherson - CEO.ca | November 24, 2014

Mining legend Robert Friedland and his protege Matthew Hornor’s Kaizen Discovery (KZD:TSXV) continues to be one of the few extremely active junior resource companies. This morning Kaizen announced the sale of a non-core project and the preliminary exploration results from their newly acquired Coppermine project in Nunavut, Canada.

BHP warns more cost cuts, management shake up before demerger

Cecilia Jamasmie | November 24, 2014
BHP warns more cost cuts, management shake up before demerger

The world's largest miner has stepped up its cost-cutting plans as it battles a sharp slide in iron ore, coal and oil prices.

Mining proposals threaten Cabinet Mountains streams, lakes and grizzlies

Spokesman-Review.com | November 23, 2014

The Kootenai National Forest and the Montana Department of Environmental Quality are preparing to release decisions on a proposal for the Montanore Mine near Libby plus a separate decision on the Rock Creek Mine near Noxon.

B.C. gold-copper mine has potential for more environmental damage than Mount Polley breach: Report

Canadian Press | November 23, 2014

The results of a third-party review into the design of a northwestern B.C. gold and copper mine says it has the potential to cause significantly more environmental damage than the recent collapse of the Mount Polley tailings pond.

New Mongolia PM brings little fresh to Oyu Tolgoi talks

Frik Els | November 21, 2014
mongolia_genghis_khan_statue_400_333

The appointment of Chimed Saikhanbileg on Friday represented "business as usual" for the government, and could further drive away foreign investment.

Vancouver miner faces civil suit alleging 'slave labour' amid takeover rumours

Business in Vancouver | November 21, 2014
Bisha project Nevsun Resources Eritrea

Nevsun Resources faces rumours of $1 billion acquisition and civil suit on same day.

U.S. Senate reveals top banks ‘unfair advantage’ in physical commodities business

Cecilia Jamasmie | November 20, 2014
U.S. Senate reveals top banks ‘unfair advantage’ in physical commodities business

The two-year investigation concluded that Goldman Sachs, Morgan Stanley and JP Morgan have been manipulating commodity prices.

Gold Fields Q3 drops, CEO says most gold miners ‘under water’

Cecilia Jamasmie | November 20, 2014
Gold Fields Q3 drops, CEO says most gold miners ‘under water’

The miner, structured to "break even" at $1,050 per ounce, warned it would have to re-think the business if bullion prices dip below $1,000 and stayed there for a while.

Report: BC gold-copper mine has potential for more environmental damage than Mount Polley breach

Frik Els | November 19, 2014
mount polley disaster feat

Third-party review of Imperial Metals' Red Chris mine in northern BC.

Nickel close to month-high as Indonesia keeps ore ban

Cecilia Jamasmie | November 19, 2014
Nickel close to month-high as Indonesia keeps ore ban

The country effectively halted all but processed metal shipments in January in an effort to force miners to build smelters.

Peru blows up machines to scare away illegal gold miners

Cecilia Jamasmie | November 19, 2014
Peru blows up machines to scare away illegal gold miners

Just weeks before the country hosts U.N.-sponsored climate talks.

Parent company liability for foreign subsidiary’s actions – alarming new trend?

A recent lawsuit in British Columbia is the latest example of an emerging trend in which plaintiffs are seeking to hold parent companies liable in negligence in relation to the actions of their foreign subsidiaries.

Travis McPherson - CEO.ca

Resource titan, Robert Friedland on the future of Platreef

Travis McPherson - CEO.ca | November 19, 2014
Mining truck and loader

After the Toronto Stock Exchange rang the closing bell today, Ivanhoe Mines (IVN.TSX) announced they were resuming development work on Platreef, their 75.7 million ounce (Indicated + Inferred) platinum-gold-nickel-copper project in South Africa.

Strike at Peru's top copper mine not hurting output: firm

Cecilia Jamasmie | November 18, 2014
Strike at Peru's top copper mine not hurting output: miner

But unionized workers insist on claiming that Antamina's output would likely drop by at least 90%.

Dismal China data drops copper price back below $3

Frik Els | November 18, 2014
Dismal China data drops copper price back below $3

And if the Chinese government stops adding to its strategic reserves the price could fall towards $2.50 a pound says new research report.

Hit by tailings breach costs, Imperial Metals swings to loss in Q3

Andrew Topf | November 17, 2014
Imperial Metals shareholders mull lawsuit

A catastrophic tailings dam breach at its Mount Polley mine in British Columbia has taken a toll on Imperial Metals' (TSX:III) bottom line.

Billion tonnes? Some DSO? A copper discovery in progress

Mineweb | November 16, 2014

Cukaru Peki was one of the most interesting finds in recent years.

Glencore, Mick Davis among suitors of Anglo American mines in Chile

Reuters | November 14, 2014
Former Xstrata CEO Davis gets a $1bn injection for new venture

Glencore and X2, a company set up by former Xstrata boss Mick Davis, are among the suitors of the Chilean copper assets put up for sale by global miner Anglo American.

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