Copper News

Copper mining, investment and price news

Rio’s Walsh gets big backing from shareholders, to stay longer as CEO

Cecilia Jamasmie | October 23, 2014
Rio’s Walsh gets big backing from shareholders, to stay longer as CEO

The move is seen by analysts as an attempt to strengthen the firm’s image.

Worldwide nonferrous metals exploration budgets down 25% in 2014

SNL Metals & Mining | October 22, 2014
exploration mining geologist

Total worldwide budget for nonferrous metals exploration dropped to US$11.36 billion in 2014 from US$15.19 billion in 2013 — a 25% decrease.

Copper mining has a dirty problem

Frik Els | October 21, 2014
Copper mining has a dirty problem

Arsenic in concentrates.

BHP shoots the lights out

Frik Els | October 21, 2014
BHP shoots the lights out

Petroleum, met coal, iron ore production set new quarterly records. Fall in copper volumes not enough to dent 9% overall output growth.

Stefan Ioannou: copper, nickel and zinc won't be cheap for long

The Mining Report | October 21, 2014
Copper near 12-week high on hopes of Chinese stimulus

The all-powerful U.S. dollar is currently hammering base metals and base metal equities. Haywood Securities Mining Analyst Stefan Ioannou says that increasing demand and near-term supply shortages make base metals a bargain that won't last.

Euromax Resources announces US$175 million gold streaming agreement with Royal Gold

Euromax Resources | October 21, 2014

Euromax Resources has entered into a $175 million deal ith RGLD Gold, to finance the next stages of development and construction of the company's Ilovitza copper-gold project in the Macedonia.

Greenland explorer tearing it up after assays

Frik Els | October 21, 2014
Greenland explorer tearing it up after assays

Vancouver-based junior jumps 7% after assays from prospect on 3,600km2 coastal property returns strong copper-nickel-cobalt and platinum group results.

Citibank acquires Deutsche commodities trading book

Cecilia Jamasmie | October 21, 2014
Citibank acquires Deutsche commodities trading book

Tough regulations and worries about reputation have made trading commodities a source of worries for bank bosses.

Chile’s Codelco to seal $1 billion deal with the UK

Cecilia Jamasmie | October 21, 2014
Chile’s Codelco to seal $1 billion deal with UK

The giant copper miner is also planning to sell about $8 billion of bonds over the next five years to help finance a nearly $30bn investment program aimed to revamp its aging mines.

Travis McPherson - CEO.ca

The Lundin’s look to Chile for copper’s next run

Travis McPherson - CEO.ca | October 21, 2014
The Lundin’s look to Chile for copper’s next run

The firm is developing a trio of staggeringly huge copper deposits on the Chilean-Argentine border that contain a total of over 28 billion pounds of copper and 19 million ounces of gold resources (only two of the deposits have resource estimates on them).

Copper price back below $3 on supply worries, Chinese GDP

Frik Els | October 20, 2014
Copper price back below $3 on supply worries, Chinese GDP

Chinese economy expected to grow at slowest pace since 2009 just as flood of new supply enters the market.

Global unions converge in Mongolia in campaign for Rio Tinto workers’ rights

IndustriALL Global Union | October 20, 2014

Leaders of IndustriALL Global Union’s Rio Tinto Network will gather in Mongolia on 22 October to plan the next moves in the worldwide campaign to improve worker rights at the mining giant.

Mining investment in Kazakhstan to reach $30bn by 2017

Cecilia Jamasmie | October 20, 2014
Mining investment in Kazakhstan to reach $30bn by 2017

The country is fine-tuning details of a new mining law that will make it easier for foreigners to tap the nation’s riches.

In wake of Mount Polley, union wants new BC safety regime

The Tyee | October 19, 2014

The union representing many miners in B.C. is warning about worker safety in the industry.

Visual Capitalist

INFOGRAPHIC: a year's worth of resources in BC

Visual Capitalist | October 17, 2014
autumn in the canadian northwest territories along ogilvie river and mountains

In response to popular demand from our home province of British Columbia, today we visualize the amount of natural resources extracted from BC each year.

Chilean authorities divided over Goldcorp's $3.9bn El Morro mine

Cecilia Jamasmie | October 17, 2014
Chilean authorities divided over Goldcorp's $3.9bn El Morro mine

The country’s environmental authority criticized the Top Court decision saying the miner conducted proper consultation with local indigenous groups and shouldn’t have to do it again.

Chile copper boom begins to fade as production headaches mount

Reuters | October 17, 2014
chile- flag2

The shine may soon come off Chile's decade-long copper boom as technical and regulatory problems in getting new mines into production highlight just how hard it will be to keep ratcheting up the supply.

Vale to ditch 20% of its nickel assets in Indonesia

Cecilia Jamasmie | October 17, 2014
Vale to ditch 20% of its nickel assets in Indonesia

The agreement signed with Indonesia’s outgoing government also means higher royalties to be paid by the firm.

Platinum, palladium price-setting technology ‘optimum’ for gold: LME

Cecilia Jamasmie | October 17, 2014
Platinum, palladium price-setting technology ‘optimum’ for gold: LME

The LME says its electronic solution for the platinum and palladium price — LMEbullion — could benefit gold bugs.

How big miners are reliving the late 90’s bust: Steve Todoruk

Sprott Thoughts | October 16, 2014
Sprott Y2K

It looks like the late 90’s are back in vogue in the mining industry.

Copper price below $3 as mines add a million tonnes

Frik Els | October 16, 2014
Copper price below $3 as mines add 1 million tonnes

Copper price sinks to 10-month low after new report says mine capacity representing 6% of current production will come on stream over the next six months.

Chile’s copper exports down 21% in August

Cecilia Jamasmie | October 16, 2014
Chile’s copper exports down 21% in August

The drop was mainly due to reduced shipments from Codelco and Collahuasi, official figures show.

BHP bows to pressure, to list spinoff in London

Cecilia Jamasmie | October 16, 2014
BHP bows to pressure, to list spinoff in London

The mining giant has made a sharp U-turn on its initial decision to snub a London listing for its $17 billion spinoff.

Newmont’s Conga mine could remain halted until 2018

Cecilia Jamasmie | October 15, 2014
Newmont’s Conga mine could remain halted until 2018

The future of the proposed $5 billion Conga copper and gold project in Peru remains in limbo as its main opponent was recently re-elected governor of the region where the project is situated.

Mines back up and running and commencing with stock clean up

Clear Asset | October 15, 2014
2CA

With mines back in operation and some already up to full production, various companies such as Impala Platinum, Diesel Power and Sibanye Gold will be taking to market a variety of redundant and surplus plant and equipment via an online auction.

INFOGRAPHIC: 10 ways the rich avoid the taxman

Visual Capitalist | October 15, 2014
Businessman running in park

Nobody likes taxes. However, when the super rich are stuck in forfeiting millions of dollars to taxes each year, they probably despise them even more than the average person.

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