Copper News

Copper mining, investment and price news

China is burning through its natural resources

Vladimir Basov | April 26, 2015
Slowdown. What slowdown? China's copper, iron ore imports set records

China is the globe's top mining country, but its alarming reserves-to-production ratio is forcing domestic miners to hunt for deals in the rest of the world.

Barrick faces fresh opposition to executive pay plan

Cecilia Jamasmie | April 24, 2015
Barrick facing fresh opposition to executive pay plan

The Canada Pension Plan Investment Board will vote against the gold miner’s executive compensation structure next week.

Antofagasta's Los Pelambres mine is safe — Chile’s court

Cecilia Jamasmie | April 24, 2015
Antofagasta's Los Pelambres mine is safe — Chile’s court

La Serena appeals court unanimously rejected a lawsuit presented by locals, which claimed the massive tailing dam had dried up a nearby stream and contaminated underground water.

Barrick changes plan to halt Zambia mine over royalties row

Reuters | April 23, 2015

Barrick Gold Corp. has backtracked on its decision to suspend operations at its Lumwana open pit copper mine in Zambia after the cabinet reduced mining royalties.

One killed at protests against Tia Maria copper project in Peru

Cecilia Jamasmie | April 23, 2015
One killed at protests against Tia Maria copper project in Peru

Farmers, anti-mining activists and local leaders have opposed the project for years, claiming it will pollute key waterways for Arequipa, where the mine will be built.

Low diamond prices push Anglo American to cut output

Cecilia Jamasmie | April 23, 2015
Low diamond prices push Anglo American to cut output

The global miner trimmed its forecast from 32m-34m carats to 30m-32m because of “current trading conditions”.

Chile to fine Barrick over ten new environmental violations

Cecilia Jamasmie | April 23, 2015
Chile to fine Barrick over ten new environmental violations

The country's Superintendence for the Environment (SMA) also said the miner has not properly monitored the impact on nearby glaciers.

AME BC pleased with federal budget 2015

AMEBC | April 22, 2015
AMEBC pleased with federal budget

“We are very pleased to see the federal government’s commitments to extend the Mineral Exploration Tax Credit through March 2016 and to expand the eligibility of Canadian exploration expenses,” says David McLelland, Chair of AME BC

Over 240 mining and energy projects waiting for investors in Cuba

Cecilia Jamasmie | April 21, 2015
Over 240 mining and energy projects waiting for investors in Cuba

Cuba, the world’s sixth largest nickel producer and one of the top 10 nickel mining countries, also holds significant deposits of other minerals and oil, new U.S. Geological Survey report shows.

Why Kal Kotecha is still sticking with his New Year's resolution

The Gold Report | April 21, 2015

Kal Kotecha, founder and editor of Junior Gold Report, says now is the time to be buying resource stocks, especially gold equities.

Teck cuts dividend as coal continues downward slide

Business in Vancouver | April 21, 2015
Teck cuts dividend as coal continues downward slide

Canada’s largest diversified miner says slashing the dividend by two-thirds will allow it to keep generating positive cash flow.

VIDEO: Imperial Metals posts Hazletine Creek clean-up work

Michael Allan McCrae | April 20, 2015
mt polley Hazeltine Creek rehabilitation imperial metals

The company has submitted plans to restart the mine.

Tsilhqot’in leader wins $175,000 environmental prize

Business in Vancouver | April 20, 2015
Taseko Mines buying Curis Resources for Arizona copper project

Marilyn Baptiste, a Tsilhqot’in First Nation councillor who was on the front lines in the fight against the Prosperity and New Prosperity mine is in San Francisco has received an international environmental award worth $175,000.

It’s official: Zambia scales back mining royalties to 9%

Cecilia Jamasmie | April 20, 2015
It’s official: Zambia scales back mining royalties to 9%

The announced changes will be effective on July 1, once parliament has approved them.

Irish Kenmare sends S. African miners in Mozambique home over xenophobia

Cecilia Jamasmie | April 20, 2015
Irish Kenmare sends S. African miners in Mozambique home over xenophobia

The decision follows a similar move by Sasol, which repatriated Friday 340 of its employees working on projects in the Southeast Africa nation for their own safety.

Hudbay picks up fourth Manitoba mine

Andrew Topf | April 19, 2015
Lalor, Hudbay

Hudbay Minerals (TSX, NYSX:HBM) has purchased the idled Snow Lake project in Manitoba, adding to its stable of properties in the Canadian province of Manitoba.

Denham Capital's Caroline Donally on private equity in mining

Frik Els | April 17, 2015
Denham Capital's Caroline Donally on private equity in mining

Director of $1bn fund discusses Denham's unique approach, the vibrant parts of the M&A market and what juniors should do to attract capital.

BHP, Rio face hard choices as ore woes set in

Herald Sun | April 17, 2015

Once the darlings of the local market, BHP Billiton and Rio Tinto now face a rocky road as investors accept the reality that lower iron ore prices will last for longer.

Codelco to unveil plan to speed up delayed Chuquicamata mine expansion

Cecilia Jamasmie | April 16, 2015
Codelco to unveil plan to speed up delayed Chuquicamata mine expansion

The plan seeks to tackle an almost yearlong delay in the project to turn century-old Chuquicamata open pit mine into an underground operation.

Southern Copper's $1.2bn Toquepala mine expansion OK’d

Cecilia Jamasmie | April 16, 2015
Southern Copper's $1.2bn Toquepala mine expansion OK’d

The expansion will boost the capacity of the Peruvian mine's copper concentrator to 120,000 tonnes per day from 60,000.

Thousands stand up for Canadian mine threatened with closure in Greece

Cecilia Jamasmie | April 16, 2015
Thousands stand up for Canadian mine threatened with closure in Greece

About 4,000 people protested Thursday in Athens against the government decision to revoke Canada's Eldorado Gold Corp.'s licence to develop a gold mine in Skouries.

Codelco spending $25 billion just to keep output steady

Frik Els | April 15, 2015
Codelco El Teniente mine expansion to take longer, cost $2bn more

$5 billion a year for five years will merely replace exhausted mine capacity says CEO of world's largest copper company.

Study: New projects need a $3.50 copper price

Frik Els | April 15, 2015
Study: New projects need a $3.50 copper price

Copper price hasn't traded at those levels for two years.

$8m grant awarded to Artisanal Gold Council to develop the sector in Peru

Artisanal Gold Council | April 15, 2015
Peru’s illegal mining brings in over $3 billion a year: authorities

The grant will help fund a project to be carried out in Peru over the next five years focused on the sustainable development of a responsible artisanal gold sector.

GRAPHIC: Mongolia needs Oyu Tolgoi more than Rio does

Frik Els | April 14, 2015
Mongolia needs Oyu Tolgoi

Once the fastest growing economy in the world, foreign direct investment in Mongolia collapsed over the space of just two years.

Zambia dumps mining royalty hike, settles at 9%

Cecilia Jamasmie | April 14, 2015
Zambia dumps mining royalty hike, settles at 9 percent

The government intends to set its mining royalties at 9% for both open-pit and underground mines.

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