Copper News

Copper mining, investment and price news

BHP axing up to 300 Olympic Dam jobs

Cecilia Jamasmie | January 30, 2015
BHP axing up to 300 Olympic Dam jobs

The decision caps off a dreadful month for South Australia’s mining sector.

Here is how metal-eating bacteria may make asteroid mining profitable

Cecilia Jamasmie | January 29, 2015
Here is why metal-eating bacteria may make asteroid mining profitable

The technique, known as biomining, is already being tested here on Earth as a sustainable treatment of ores and mine waste.

Michael Fowler says forget the majors, buy the midtiers

The Gold Report | January 29, 2015
Canadian juniors delisting

According to Michael Fowler, senior mining analyst with Loewen, Ondaatje & McCutcheon, the major gold producers have gorged on debt and sold off their seed corn.

MMG to begin pre-extraction at Las Bambas despite copper rout

Cecilia Jamasmie | January 29, 2015
MMG to begin pre-extraction at Las Bambas despite copper rout

The firm expects production at Ferrobamba, one of the four deposits that make up Las Bambas project, to start early next year.

Mining M&A: Private equity can't run away fast enough

Frik Els | January 29, 2015
Mining M&A: Private equity can't run away fast enough

The smart money is waiting for fire sale prices before jumping into metals and mining. Or worse; has simply lost interest in the sector.

Anglo American set for commodity slump-triggered charge

Cecilia Jamasmie | January 28, 2015
Anglo American set for commodity slump-triggered charge

The firm became the first major mining company to openly accept the toll that slumping commodity prices are taking on the global industry.

Antofagasta expects slightly weaker-than-expected copper output

Reuters | January 28, 2015

Chilean mining firm Antofagasta expects a smaller-than-expected increase in production this year after posting annual output for 2014 in line with its guidance.

Report on what caused Mount Polley disaster expected this week

Cecilia Jamasmie | January 28, 2015
Report on what caused Mount Polley disaster expected this week

The highly anticipated independent expert panel report will determine the cause of the dam failure and is expected to lead to new safety standards for the entire Canadian mining industry.

Freeport-McMoRan slashes capital spending, to divest stake in Indonesian unit

Cecilia Jamasmie | January 27, 2015
Freeport-McMoRan slashes capital spending, to divest stake in Indonesian unit

The U.S. largest miner by market value and revenue has already slashed its capital budget for the year by $2bn and it is ready to make further cuts.

Congo risking billions with planned tax hike, mining code revision

Cecilia Jamasmie | January 27, 2015
Congo risking billions with planned tax hike, mining code revision

The central Africa nation may also lose its position as the continent’s top copper producer.

Yukon Zinc temporarily closing Wolverine Mine

Michael Allan McCrae | January 27, 2015
Mining in 2015: Zinc price with zing

Some crew will be assigned to care and maintenance.

Rio Tinto to drop Oyu Tolgoi $1.6bn royalty if expansion gets ok from Mongolia

Cecilia Jamasmie | January 26, 2015
Rio Tinto to drop Oyu Tolgoi $1.6bn royalty if expansion gets ok from Mongolia

Documents obtained and verified by The Australian, show that Rio Tinto offered Mongolia to forsake a “net smelter return” of 2% cent of the project’s revenue.

Mongolia’s bonds slump with copper as spat with Rio stalls mine

Bloomberg | January 26, 2015

Mongolia’s dollar bonds and currency sank to record lows this month as a slide in commodity prices and a dispute with Rio Tinto Group over developing one of the world’s largest copper and gold mines kept foreign investors away.

Zambia’s new leader to keep polemic mining tax

Cecilia Jamasmie | January 26, 2015
Zambia’s new leader to keep polemic mining tax

Newly elected President Edgar Lungu wants to keep mining royalties at 20%, as opposed to the 6% companies were paying a month ago.

Loonie to hit 85 cents US in 2016 as Bank of Canada hikes key rate, TD forecasts

Business in Vancouver | January 26, 2015

Canadian dollar expected to fall to 75 cents U.S. before slowly climbing back to 85 cents by the end of 2016

Mining stocks fall as copper, iron ore price reach new lows

Frik Els | January 24, 2015
Mining stocks fall as copper, iron ore price reach new lows

Heavy selling across the board as commodities reach fresh multi-year lows, forecasts are slashed and weakness returns to precious metals.

Centerra a step closer to moving gold project in Mongolia forward

Cecilia Jamasmie | January 23, 2015
Centerra a step closer to moving gold project in Mongolia forward

The country’s parliament has designated its Gatsuurt Project as strategically important, paving the way for Centerra's application for the necessary approvals.

Anglo American mulls sale of more coal mines in Australia

Cecilia Jamasmie | January 23, 2015
Anglo American mulls sale of more coal mines in Australia

The operations that may be added to the list of assets for sale are Dawson and Foxleigh, in Queensland.

Baja Mining's long-delayed and almost dead El Boleo finally reaches production

Cecilia Jamasmie | January 23, 2015
Baja Mining's long-delayed and almost dead El Boleo finally reaches production

Red metal output at the mine, over 18 months behind schedule and $750 million over budget, is expected to ramp-up by July.

World Bank: Commodities falling like it's 1985

Frik Els | January 23, 2015
World Bank: Commodities falling like it's 1985

Organization predicts a rare occurrence in 2015: a decline in all nine commodity indices with industrial metals falling another 5%; precious metals down 3%.

Brent Cook: don't buy crap

CEO.CA | January 22, 2015
2014 junior mining forecasts with top analyst picks

At the Cambridge House Vancouver Resource Investment Conference this past Sunday and Monday, we had the chance to ask respected mining analyst Brent Cook for his outlook on the sector for which he is best known.

Peruvian rare earth discovery richer than initially thought

Cecilia Jamasmie | January 22, 2015
Peruvian rare earth discovery richer than initially thought

Geology consultants leading the project found the rare earth claim has the highest range of rare earth metals in Peru.

Colombian gold CEO involved in $970m laundering case arrested

Cecilia Jamasmie | January 22, 2015
Colombian gold CEO involved in $970m laundering case arrested

Prosecutors claim the gold company and its top executives are at the centre of a money-laundering scheme involving cocaine traffickers.

Global mining sector ended 2014 on a disappointing note: report

Cecilia Jamasmie | January 21, 2015
Global mining sector ended 2014 on a disappointing note: report

December is a period that sees lower levels of exploration and resource announcements, and last month was every bit as disappointing as expected, an SNL report shows.

China’s alleged intentions to mine Antarctica spark global debate

Cecilia Jamasmie | January 21, 2015
China’s alleged intentions to mine Antarctica spark global debate

New evidence has emerged of China's interest in digging for oil, gas a minerals in the frozen continent.

BHP breaks production records, but copper output drops

Frik Els | January 21, 2015
BHP warns more cost cuts, management shake up before demerger

World number one miner BHP Billiton achieved record production for eight operations and five commodities over the last six months.

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