Copper News

Copper mining, investment and price news

Codelco sees copper price averaging $3 in 2015

Frik Els | November 28, 2014
Codelco’s new CEO to lead the copper miner’s $25bn revamp

That would constitute a substantial rally after Friday's 4% drubbing of the red metal in New York.

Anglo American’s Los Bronces mine in Chile hit by strike

Cecilia Jamasmie | November 28, 2014
Anglo American’s Los Bronces mine in Chile hit by strike

This is the first time mining engineers, geologists and other highly educated employees go on a strike at a privately owned mine in Chile.

Copper hits 4-year low in New York

Cecilia Jamasmie | November 28, 2014
Copper hits 4-year low in New York

End of strike at Peru’s biggest copper mine and weaker oil prices drove Dr. Copper goes to the ICU.

Rio Tinto cuts spending, defers capex, keeps dividend

Cecilia Jamasmie | November 28, 2014
Rio Tinto cuts spending, defers capex, keeps dividend

The mining giant said it was committed to giving significantly more money back to shareholders in 2015 despite a severe drop in iron ore prices.

Deep-sea miner Nautilus to get $113m of escrowed funds

Cecilia Jamasmie | November 28, 2014
Deep-sea miner Nautilus to get $113m of escrowed funds

The sum will be given on the completion of the sale of 15% of its Solwara 1 project to an entity nominated by Papua New Guinea.

CHARTS: Dollar destruction of commodity prices could be ending

Frik Els | November 27, 2014
CHARTS: Dollar destruction of commodity prices could be ending

The US dollar's stunning run since May which have wreaked havoc on commodity markets may be close to correcting.

Chile’s mining sector to double energy demand by 2025

Cecilia Jamasmie | November 27, 2014
Chile’s mining sector to double energy demand by 2025

These are not very good news for the energy-starved copper producing nation.

Mariana Resources down after dumping copper-gold project in Peru

Cecilia Jamasmie | November 27, 2014
Mariana Resources down after dumping copper-gold project in Peru

Company say it would focus on core projects.

Visual Capitalist

INFOGRAPHIC: the performance of every major asset class so far in 2014

Visual Capitalist | November 27, 2014
Working graphs calculator mining

This all encompassing chart, straight from Deutsche Bank, summarizes the YTD performance of all major asset classes including stocks, government and corporate bonds, currency markets, gold, and commodities.

Analyst: Glasenberg could grab Rio by way of China

Frik Els | November 26, 2014
Analyst: Glasenberg could grab Rio by way of China

By promising top shareholder Chinalco, Rio's stakes in Oyu Tolgoi and Simandou.

Harry Dent's simple strategy for surviving withdrawals from 'markets on crack'

The Gold Report | November 26, 2014
Wall street sign mining

An aging world is a deflationary one, according to "The Demographic Cliff" author Harry Dent. He predicts a major, painful crash in the next two years based on population statistics and historic patterns.

Police and protestors clash at Ivanhoe mine in South Africa

Cecilia Jamasmie | November 26, 2014
Police and protestors clash at Ivanhoe mine in South Africa

Locals were protesting the imminent construction of Platreef platinum mine.

When it rains…Iron ore, gold miners the most vulnerable to Ebola risk

Cecilia Jamasmie | November 26, 2014
When it rains…Iron ore, gold miners the most vulnerable to Ebola risk

Report shows there are 39 assets in production within the Ebola-affected region.

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.

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.

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