Copper News

Copper mining, investment and price news

Freeport, Indonesia make peace: copper exports to resume in August

Cecilia Jamasmie | July 25, 2014
Freeport, Indonesia make peace: copper exports to resume in August

Indonesia's top copper miner hopes next month to ramp up production and restart concentrate shipments from Grasberg, one of the world's largest copper mines.

Codelco delays $6.8 million mine expansion, reviews impacts on glaciers

Cecilia Jamasmie | July 25, 2014
Codelco delays $6.8 million mine expansion, reviews impacts on glaciers

The company says its future depends on the Andina mine expansion, as dwindling ore grades in its old mines are expected to bring annual output down.

Miners need to overhaul business model to boost productivity: study

Cecilia Jamasmie | July 25, 2014
Miners need to overhaul business model to boost productivity: study

Cost reduction measures in the mining industry could well have undermined the sector's productivity, which remains down, according to a new EY report.

This cell phone was charged with apples, potatoes and copper wire

Cecilia Jamasmie | July 25, 2014
This cell phone was charged with apples, potatoes and copper wire

The functional art installation was created outside a shopping centre in London.

Indico announces maiden resource estimate of supergene mineralization at Ocana

Market Wire | July 24, 2014

139M pounds copper indicated and 270M pounds inferred.

Chile’s Escondida mine boosts BHP copper output

Cecilia Jamasmie | July 24, 2014
Chile’s Escondida mine boosts BHP copper output

Improvements at the mine mill throughput and concentrator utilization offset declining ore grades at the world's largest copper mine.

Freeport to soon restart exports from Indonesia as gov’t offers tax cuts

Cecilia Jamasmie | July 24, 2014
Freeport to soon restart exports from Indonesia as gov’t offers tax cuts

About $500 million of exports a month have been halted in Southeast Asia's biggest economy because of the minerals dispute.

Teck Resources' profit hit by lower coal prices

Cecilia Jamasmie | July 24, 2014
Teck Resources' profit hit by lower coal prices

The price drop overshadowed the miner’s coal sales increase during the quarter, which totalled 6.8 million tonnes, compared with 6.3 million tonnes a year earlier.

Pebble Mine will not be built: Friedland

Jeffrey Richmond | July 24, 2014
pebble mine will not be built friedland feat

Legendary mining financier spoke at Sprott Natural Resource Symposium Vancouver.

Tesla retools California plant for Model X SUV

Jeffrey Richmond | July 23, 2014
tesla retools california plant for model x suv feat

Two vehicle models to be built on same assembly line.

UN opens up more deep sea areas for mining, issues seven new licences

Cecilia Jamasmie | July 23, 2014
UN opens up deep sea for mining, issues seven new licences

State-owned and private companies from the UK, Germany, India, Brazil, Singapore and Russia are among those to benefit from the seabed regulator’s decision.

Indonesia lifts six-month ban of metal concentrate exports

Cecilia Jamasmie | July 22, 2014
Indonesia lifts six-month ban of metal concentrate exports

The shipments, the first of their kind in six months, were allowed after Sebuku Iron Lateritic Ores (SILO) and Lumbung Mineral Sentosa agreed to pay the new 20% tax.

London Metal Exchange traders fined for standing up

Cecilia Jamasmie | July 22, 2014
London Metal Exchange traders fined for standing up

Following a 19th century tradition traders today must sit on the red leather sofas arranged in a 20-foot diameter inner ring.

Joy Global picks Meridium to optimize asset performance and equipment reliability

Joy Global | July 22, 2014
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Joy Global will use the Meridium tools to predict and prevent asset failures and enhance maintenance strategies.

China's MMG board grants undivided approval for $5.85bn Las Bambas buy

Cecilia Jamasmie | July 21, 2014
China's MMG board grants undivided approval for $5.85bn Las Bambas buy

Las Bambas will be one of the world’s largest copper mines after it starts up in 2015, with annual output equivalent to more than twice the amount of copper MMG currently produces.

Pebble Mine may be blocked by 'sparingly used' regulation

Michael Allan McCrae | July 20, 2014
bristol bay flickr feat

Northern Dynasty Minerals dropped 7.69% to 78 cents on Friday.

Kaizen not done with acquisitions

CEO.CA | July 18, 2014
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Kaizen will find projects and ITOCHU will fund them.

Rockcliff Closes First Tranche of Private Placement

Market Wire | July 17, 2014

Gross proceeds of $114,500.

Indonesia to revoke Newmont license unless resumes output, lifts lawsuit

Cecilia Jamasmie | July 17, 2014
Indonesia to revoke Newmont license unless resumes output, lifts lawsuit

Authorities are is planning to send a letter to the Colorado-based miner saying that it has defaulted on its contract and, therefore, is “negligent."

Barrick Gold ousts CEO Sokalsky in major shakeup

Cecilia Jamasmie | July 16, 2014
Barrick Gold ousts CEO Sokalsky in major shakeup

The Toronto-based firm has shown president and CEO Jamie Sokalsky the door two years into the job, and less than three months after a breakdown in merger talks with its largest rival.

Pilbara expansion boosts Rio Tinto iron ore output

Cecilia Jamasmie | July 16, 2014
Pilbara expansion boosts Rio Tinto iron ore output

The world’s second-largest mining company’s produced 139.5 million metric tons of iron ore in the six months through June, while its shipments rose 20% to 142.4 million tons.

2014 commodities halftime report

What a difference six months can make.

Cecilia Jamasmie

BHP sell-off could undo Billiton historic deal

Cecilia Jamasmie | July 13, 2014
BHP sell-off could undo Billiton historic deal

As BHP considers the sale of almost all of the businesses that Billiton brought to the 2001 merger deal, experts say the firm is likely to end up leaving London.

Barrick Gold gets partner to mine for copper in Saudi Arabia

Cecilia Jamasmie | July 13, 2014
Barrick Gold gets partner to mine for copper in Saudi Arabia

The miner has agreed to form a joint venture with Saudi Arabian Mining Co (Ma'aden) to run its Jabal Sayid asset.

Peru set to become world’s second largest copper producer in 2016

Cecilia Jamasmie | July 11, 2014
Peru set to become world’s second largest copper producer in 2016

Currently China is the second largest producer of the red metal, with an annual output of about 1.6 million tonnes per year.

First Quantum resumes construction at Cobre Panama, hunts for new deals

Cecilia Jamasmie | July 10, 2014
First Quantum resumes construction at Cobre Panama, hunts for new deals

The miner is now looking for new projects that will allow it to return more than 30% average value to shareholders, president Clive Newall said.

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