Copper Mining News

Boom in private debt financing for mining

Australia's Taurus raised $683m to invest in mining company debt last year, while two funds currently in the market are targeting investor capital of $800m.

Seabridge Gold’s 2016 drill program targets further Deep Kerr expansion

The program calls for 10,000 meters of core drilling designed to expand by as much as 800 meters the block cave shapes that confine the current resource estimate

IntelliSense.io to deliver efficiencies for AngloAmerican through water & energy optimisation as part of the Newton-Picarte Resource Efficiency for Sustainable Extraction of Raw Materials Program

Cambridge, UK-based IntelliSense.io and AngloAmerican announce that they have initiated a joint project for IntelliSense.io to optimise the energy and water utilisation of the pipeline, which supplies recovered tailings water to the Confluencia Plant at its Los Bronces copper operation in Santiago, Chile.

How big is big?

In an industry that is renowned for stupendous extremes, what is considered big among the big?

Gold price rally boosts Canada’s mining sector growth

Strong performance also came on the back of strategic initiatives, such as non-core asset sales, aggressive cost control measures and a disciplined approach in reducing debt.

State of emergency in Peru over mercury poisoning from illegal gold mining

The 60-day decree affects 11 districts in the Madre de Dios region, where several studies have found high levels of the toxic element in people, rivers and fish.

Rio Tinto makes management changes

Rio Tinto has appointed Stephen McIntosh as the acting Group executive, Technology & Innovation

BHP's Spence copper mine in Chile hit by fresh strike

The labour action follows two other one-day protests at the mine and comes as BHP mulls a $2.2 billion investment to expand the operation.

New Antofagasta CEO: weak copper price for at least 2 years

CEO of Chilean copper giant sees 300,000 tonnes surplus this year and next.

Steel Dynamics Inc. wins metals company of the year: Platts Global Metals Awards

Steel Dynamics, Inc. (SDI), one of the United States’ largest steel producers won the prestigious Metals Company of the Year award at the fourth annual Platts Global Metals Awards, which recognize exemplary performance in fifteen categories across the steel, metals and mining complex.

Copper price falls to 3-month low, defies bullish forecasts

Traders ignore new survey of 22 economists that found consensus for double digit gains by the fourth quarter and into 2017.

Prospect generation – making mining into a numbers game

A concept born from two facts: mineral exploration is extremely capital intensive, and just 1 out of 3,000 mineralized anomalies became a mine.

Sprott monthly market update with Rick Rule: Cobalt bubble coming; Kaminak & The Yukon; streaming & royalties

In the current bull market, with more equity available, streaming and royalty companies continue to provide much needed revenue in the base metals and industrial materials sectors.

Caterpillar retail sales drop 12% in first three months of the year

Results mark the 41 straight month of retail sales declines.

Geoscience BC receives $5 million in new funding from BC government for mineral, water and energy earth science

Geoscience BC to launch its largest airborne magnetic survey this summer in west-central BC

Copper price won't lag spiking oil for much longer

China's spending on infrastructure is being front-loaded and should translate into significantly higher copper demand later in the year.

Copper purification system to cut shipping costs

South Australian company OZ Minerals has designed a refining process that allows it to increase the quality of its copper concentrate and exponentially reduce export costs.

Chilean mining powerhouse looks to new options to emerge from global mining slump

Chile says the country has now adopted a proactive stance to reduce foreign investment barriers in its mining sector as it joins a plethora of mining jurisdictions worldwide battling to mitigate the resources downturn.

Infographic: Weird world currency

We took a look at some of the weird and wonderful things that have been used as alternatives to money around the world, some of which are still in use today.

Getting a heartbeat on British Columbia miners

PricewaterhouseCoopers LLP (PwC) has recently released their 48th annual British Columbia Mining Report.

Eldorado Gold to sell remaining assets in China to Yintai Resources for $600 million

The deal marks the end of Eldorado’s reign in China.

KGHM delays expansion of flagship mine in Chile, shares jump

Shares in Europe's second-largest copper producer jumped as much as 4.7% on Monday after posting earnings at overseas units that helped the Polish miner beat analysts estimates for the first-quarter profit.

Ivan Glasenberg's advice is buy not build, but rival miners aren't listening

Glencore's boss has consistently spanked his competitors for wasting and ultimately popping the now deflated long resources boom through a suicidal splurge on growth that took no account of demand and pricing.

A year of few natural disasters shatters hopes for copper bulls

Earthquakes, landslides and strikes drive copper prices up and down in a normal year. 2016 is turning out to be anything but normal.

Swedish Bronze Age axes made with copper from Cyprus

Ancient bronze tools unearthed in Sweden were made using copper from the Mediterranean, showing there was trade between the two cultures, archeologists have found.