Copper Mining News

Anglo will dig more platinum and diamonds than expected

While prices remain stagnant and demand uncertain, the company is churning out more stones than at any other time in the past decade.

Caterpillar plummets after flagging tariffs-triggered high material costs

The world's no.1 heavy machinery maker reported third-quarter earnings that topped analysts’ estimates, but said the ongoing trade dispute resulted in $40 million in extra costs for materials in the period.

Greatland finds copper, silver and gold at Australia project’s Scallywag target

Precious metal minersaid the target represents "a high priority" for further exploration given its large size.

Congo sets deadline for plan on 11,000-megawatt hydro plant

'There have been tenders, lots of meetings, lots of promotional activities, but it’s only today that we have for the first time a legal document'

Jacobs to sell energy unit to WorleyParsons for $3.3B

The deal is part of Jacobs’ strategy to optimize its portfolio with a focus on higher-growth, higher-profit infrastructure and commercial projects - CEO

Brazilian pension fund Previ won't sell Vale shares before year end- CEO

Previ intends to reduce its stake in the miner over the medium-term.

Glencore boss Ivan Glasenberg to retire in 3-5 years — report

He is said to have already begun training three to four people to succeed him in the job.

Wolverine Mine could be sold soon

The mine has been closed since 2015 after Yukon Zinc lost over $100 million in each of the three years it was in production.

Hudbay Minerals investor calls special shareholder meeting

Private equity firm Waterton Global Resource Management, which now owns about 7 percent of Hudbay, called meeting after the Canadian base and precious metals refused a proposal for board changes.

Kenya to set up gold refinery to help small miners

The aim of the project is to improve the livelihoods of the beneficiary community and regional economy - Mining Ministry

Acacia threatens Tanzania with legal action as dispute escalates

The company is also seeking direct talks with the country's government, as it's been excluded so far from negotiations between controlling shareholder, Barrick Gold, and President John Magufuli.

Freeport eyes majority stake in Solaris early stage Chile project

The US miner has agreed to a deal that would give it up to 80% in Solaris' Ricardo property.

Hudbay investor is said to seek changes to miner's board

Waterton Global Resource Management has expressed its concerns to Hudbay Chairman Alan Hibben, telling him that it would reserve the right to do anything it deemed necessary to improve the company’s performance, said sources.

Spanish environmentalists demand mine closures

The activists expressed their complaints at the European Parliament.

Freeport CEO may be ready to sell, but are there any buyers?

With its biggest stock overhang and a deal around its flagship asset in Indonesia close to being solved, the miner has said all options are open, even potentially a sale of the entire company.

Glencore chair Tony Hayward latest to drop out of Saudi conference

Another executive pulls out of conference due to widespread concern about the fate of journalist Jamal Khashoggi.

Zambia's finance minister says new mining taxes will not hit operations

Mining companies operating in Zambia will still meet their operational costs even after the government imposes higher taxes.

World's top miner embracing the boom in electric car batteries

BHP Billiton Ltd. is boosting sales of the top-quality nickel that’s needed for electric vehicle batteries, another sign that the world’s biggest miner is targeting more opportunities in the booming sector.

BHP says it has seen no material impact from trade tensions

Though we have not seen a material impact on our business, we remain cautious in the near term

Tanzania anti-corruption body charges Acacia subsidiaries with tax evasion, money laundering

The news comes barely a week after the company said another worker had been released on bail after being charged with corruption.

Anglo American ‘encouraged’ by drilling results from copper asset in north Brazil

The company's chief executive in Brazil talked about “very promising” drilling results at property located on the edge of the Amazon rainforest.

Codelco submits $1B plan to extend Salvador mine life beyond 2021

The Rajo Inca project would convert the existing asset, which has been in operation since 1959 and is due to run out of ore in 2021, to an open pit mine from an underground one.

Why conflicted copper shows little consensus

World warehouse stocks are dropping, down 50% since the first of April.

Copper smelter hits cause physical squeeze in Asia

The copper market is currently experiencing a squeeze on physical metal which is unexpected.

Rio Tinto delays start of Oyu Tolgoi expansion due to technical issues

First production from the $5.3 billion underground expansion of Oyu Tolgoi was originally scheduled for early 2020.