Copper Mining News

Mining among unhappiest industries to work in — study

Experts looked at over 500,000 survey responses from over 60,000 employees in 13 different industries worldwide.

UK scientists develop new method to find copper deposits

Technique likely to become an inexpensive way to uncover rich copper deposits.

Happy day for miners: shares up by levels not seen since 2008

The biggest winner was Anglo American (LON:AAL), which briefly posted its biggest ever one-day percentage gain, closing later still 15% up compared to the previous session.

Centerra can go ahead with new gold mine in Mongolia

After a five-year delay, the country’s parliament has finally approved Centerra’s plans to mine the Gatsuurt gold deposit.

The sub-mine crisis of 2016

The collapse of the global resources stock market capitalization will have severe consequences.

India mulls key investment to set iron ore plants in Iran

According to official figures, Iran has now more than $10 billion of investment pledges under its belt.

PDAC recommends measures to support Canadian mineral exploration in pre-budget submission

The Prospectors & Developers Association of Canada is asking the government to increase the Mineral Exploration Tax Credit (METC) to 30% for a period of three years.

Chile’s court confirms 2nd highest fine in history for Caserones mine

The copper mine, property of Japan's top smelter JX Nippon Mining & Metals, will have to pay $10.8 million for breaching environmental rules.

Anglo American risks eviction from FTSE 100

FTSE 100 reweighting to take place in March.

Canadian prospectors holding on to long-term resources demand forecast

However, they acknowledge that there are no signposts yet in the market that suggest mineral prices will rebound soon.

Sibanye Gold shopping for new mines, possibly including base metals

The gold miner is expanding its portfolio to platinum, coal and uranium, as it also mulls an incursion in the base metals sector.

Canada's Royal Nickel turns producer with two acquisitions

Picks up private Australian nickel and gold mine and stake in Manitoba copper mine from VMS Ventures.

Nautilus takes delivery of Seafloor Production Tools

Nautilus Minerals Inc. announces that the Solwara 1 Joint Venture (comprising Nautilus 85% and Eda Kopa (Solwara) Limited 15%) has taken delivery of the three Seafloor Production Tools (“SPTs”) from Soil Machine Dynamics Limited’s facility in Newcastle upon Tyne.

Anglo American may fully exit Brazil — report

The company is said to be wanting to offload its Barro Alto nickel mine and the vast Minas-Rio iron ore complex.

INFOGRAPHIC: The largest company in each state by revenue

Today’s post shows the largest companies by revenue in each U.S. State.

THEnergy review of the Energy and Mines Summit in London

More than 200 delegates from the mining, renewable energy and finance sectors attended this event.

Explorer Aston Bay signs $40-million preliminary deal with BHP on copper asset

Tiny Aston Bay Holdings (BAY-V), a junior with a copper-zinc project in Nunavut, seized the market’s attention by announcing a preliminary joint-venture deal with the world’s largest mining company.

Teck Metals to plead guilty over pollution in Trail, B.C.

Teck Metals Ltd. is expected to be hit with substantial fines.

Caterpillar sees no signs of mining improvement

Quoting levels "very low" and machines already sold are not being put into service by mining companies.

Anglo American shares rally on iron ore output hike, cost-cutting measures

The besieged miner plans to lower costs at its iron ore mines after boosting total annual output for the steelmaking ingredient.

Barrick Gold Corp is back on top as Canada’s best-performing stock and the world’s most valuable gold company

Barrick Gold Corp. has surged to become Canada’s best-performing stock as a two-month rally in the precious metal gives added lift to the company’s turnaround efforts.

Indonesia, Freeport fail to reach deal over copper export permit

The two sides have yet to resolve a government demand that the US firm first pay a $530 million deposit.

CHARTS: Chinese supercycle can't be repeated

Mining hits a BRIC wall.

Antofagasta to lift copper output in 2016 after missing last year's target

The miner expects an output of 710,000-740,000 tonnes for 2016 as it ramps up production at its Antucoya and Centinela Concentrates mines, as well as from its share in Zaldivar mine, which co-owns with Barrick Gold.

Current mining downturn not a ‘normal’ one — Moody’s

The ratings agency expects physical supply/demand imbalance to widen further, leaving miners in extremely weak conditions.