Copper News

Copper mining, investment and price news

Chile’s main iron-ore producer to invest $650 million this year

Cecilia Jamasmie | April 16, 2014
Chile’s main iron-ore producer to invest $650 million this year

The biggest chunk of the investment will be allocated to CAP's Cerro Negro Norte operation in the country's north.

BHP at full throttle

Frik Els | April 15, 2014
BHP at full throttle

Operational update shows record production achieved for four commodities and at 10 operations.

Copper price rally comes to abrupt end

Frik Els | April 15, 2014
Copper price rally comes abrupt end

After steady recovery from near four-year lows, copper price sinks below $3 a pound again over China and supply growth worries.

Potential copper fortunes under cover next to Arizona’s largest open pits

CEO.CA | April 15, 2014

A recent tour of the Globe-Miami copper mining district between Phoenix and Tucson, Arizona provided four natural resource writers with an appreciation of the massive scale of mining operations in the region.

Turquoise Hill buys time for Oyu Tolgoi expansion

Frik Els | April 15, 2014
Turquoise Hill buys time for Oyu Tolgoi expansion

But production at massive Mongolian mine slips and shares take a beating.

Cecilia Jamasmie

Rio Tinto iron ore output hit by bad weather in Australia, Canada

Cecilia Jamasmie | April 15, 2014
Rio Tinto iron ore output hit by bad weather in Australia, Canada

Production of the steel-making material, however, increased by 16%, which means the miner is on track to meet its full-year target.

Rio Tinto iron ore output falls short

Frik Els | April 14, 2014
Rio Tinto iron ore output falls short

But copper production shoots up 17% in first quarter.

Codelco could tap sovereign wealth fund for needed mine expansions

Cecilia Jamasmie | April 14, 2014
Codelco could tap sovereign wealth fund for needed mine expansions

The world's No.1 copper producer needs to invest roughly $30 billion in the next decade to counter dwindling ore grades in its massive mines.

Glasenberg pulls off blockbuster Las Bambas deal

Frik Els | April 13, 2014
Glencore gets $6bn cash for Las Bambas

Chinese buyers cough up $6.3 billion in cool hard cash for massive Peru copper project indicating renewed confidence in prospects for the red metal.

US gold and silver production dips, copper jumps

Frik Els | April 11, 2014
US gold and silver production dip, copper jumps

US copper mine production grew 5% to 1.23 million tonnes in 2013 according to the latest US Geological Survey, but silver and gold recovered slid.

Former JPMorgan commodities chief under federal probe

Cecilia Jamasmie | April 11, 2014
Former JPMorgan commodities chief under federal probe

The probe was opened following a settlement with regulators that alleged JPMorgan manipulated power markets in the Midwest and California.

Copper, iron ore imports defy China weakness

Frik Els | April 10, 2014
Copper, iron ore imports defy China weakness

China's iron ore imports jump 21% to 74 million tonnes while copper imports surge 31%.

Codelco workers suspected of stealing over $80m in copper

Cecilia Jamasmie | April 10, 2014
Codelco sues employees suspected of stealing over $80 million in copper

The criminal activity involved contractors and it had been going on since 2011.

Barrick Gold shareholders advised to back miner’s pay plan

Cecilia Jamasmie | April 9, 2014
Barrick Gold shareholders advised to back miner’s pay plan

The recommendation comes from Proxy advisory service Institutional Shareholder Services, the same firm that last year called shareholders to vote against the Barrick's approach to compensation.

Moly Mines plunges as suspension from ASX trading looms

Cecilia Jamasmie | April 9, 2014
Copper, iron ore miners take huge hits

The stock fell almost 26% in Sydney after the company announced it expects be suspended from trading later this month.

US firms unprepared for upcoming conflict minerals rule enforcement

Cecilia Jamasmie | April 9, 2014
US firms unprepared for upcoming conflict minerals rule enforcement

A PwC survey shows that only 4% of the 700 companies polled across 15 industries said they have completed a draft of their SEC conflict minerals filings.

Poll: 74% of Chileans want mining companies to pay higher taxes

Cecilia Jamasmie | April 9, 2014
Poll: 74% of Chileans want mining companies to pay higher taxes

They believe those funds should be allocated to the regions where mining operations are based.

Study: Copper surplus likely to push price down to $2.75 a pound

Frik Els | April 8, 2014
Study: Copper surplus likely to push price down to $2.75 a pound

The closely-watched Thomson Reuters GFMS annual copper survey paints a grim picture for the copper price in 2014 and beyond.

Codelco unveils new copper deposits holding over 1,800 million tonnes

Cecilia Jamasmie | April 8, 2014
Codelco could tap sovereign wealth fund for needed mine expansions

The world’s No.1 copper producer said the recently found deposits are all located nearby current operations.

Tommy Humphreys

Peak copper

Tommy Humphreys | April 8, 2014
peak copper

Depending on how you look at it, the copper business will either be a great place or a scary place to be in the coming years.

Matchmaking miners and China's $7 trillion in savings

Cecilia Jamasmie | April 7, 2014
China hunts for mining deals overseas with more than $7 trillion to spend

Only last year Chinese overseas investment totalled $61.6 billion by the end of September.

Rio Tinto walks away from massive Pebble copper-gold project

Cecilia Jamasmie | April 7, 2014
Rio Tinto walks away from massive Pebble copper-gold project

Rio becomes the second large diversified miner, after Anglo American, to back out of the project in less than seven months.

Frank Holmes - U.S. Global Investors

Four areas revved up for a resource boom

revved up mining

A diversified selection of commodity stocks is key.

Chile mulls new investment incentives for miners

Cecilia Jamasmie | April 4, 2014
Chile mulls new investment incentives for miners

Amid mounting criticism on the a proposed reform to the country’s foreign-investment law that removes a mining-friendly clause.

Taseko announces record quarterly copper and molybdenum shipments

CNW Group | April 4, 2014
taseko new prosperity feat

In the first quarter 2014, total production was 34.5 million pounds of copper and 566 thousand pounds of molybdenum, a 49% and 59% increase, respectively, since the first quarter 2013.

Zambia miners can’t afford 29% power price hike — chamber

Cecilia Jamasmie | April 4, 2014
Zambia miners can’t afford 29% power price hike — chamber

Mining companies in Zambia use about 68% of the country’s electricity, while less than a quarter of the population has access to it.

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