Copper News

Copper mining, investment and price news

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.

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.

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.

INFOGRAPHIC: a new vision for the mining company of the future

Visual Capitalist | November 13, 2014
Cat Uphill Battle

Mining companies today face a complexity of problems: spiraling costs, government intervention, deepening pits, lower ore grades, lack of community trust, and declining productivity are just some of the issues.

Canadian miners performance down 15% in Q3 on falling metal prices

Cecilia Jamasmie | November 13, 2014
Canadian miners performance down 15% in Q3 on falling metal prices

Decline was in line with S&P/TSX Composite index, which also plummeted 15% during the quarter.

New research finds manufacturing execs concerned with access to U.S. mineral supply

National Mining Association | November 13, 2014

The survey revealed significant concern among business leaders that current mining policy presents a challenge to their supply chain and that reform is necessary.

Grupo Mexico billionaire buying buoys Southern Copper’s stock

Bloomberg | November 13, 2014

German Larrea is purchasing stock in mining unit Southern Copper Corp. (SCCO) to reinforce confidence amid falling metal prices.

Barrick names new executive director for Pascua-Lama

Cecilia Jamasmie | November 13, 2014
Barrick names new executive director for Pascua-Lama

The news come only a day after the project executive director in Chile, Eduardo Flores, told local media that Barrick was hopeful it could find a way forward with the long-delayed mine.

Burkina Faso uprising: what are the risks for gold miners?

Sprott Thoughts | November 13, 2014

In Burkina Faso, protesters wanting to prevent President Blaise Compaoré from serving another term had stormed the Parliament and set it ablaze.

Turquoise Hill surges after Mongolia taps new leader

Frik Els | November 12, 2014
Turquoise Hill surges as Mongolia taps new leader

Nominee Amarjargal Renchinnyam is a respected economist who could help bring Vancouver firm's $5bn Oyu Tolgoi copper-gold expansion project back on track.

CHART: Mining capital crisis continues

Frik Els | November 12, 2014
CHART: Mining capital crisis continues

To keep the lights on 30% of juniors need to raise money within six months, 59% within a year new survey shows.

For mining equipment markets worldwide: the worst may be over

Parker Bay Mining | November 12, 2014
Collapse of equipment makers adds fresh evidence the mining boom is over

After two and a half years in decline, the mining equipment market turned up slightly in the third quarter.

BHP Billiton says scraps sale of Nickel West division

Reuters | November 12, 2014

The world's largest mining company has scrapped the sale of Nickel West and will continue operating the unit after failing to find a buyer at the right price.

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