Copper Mining News

BHP to sell Chile’s Cerro Colorado copper mine to equity fund EMR

Sale is part of chief executive Andrew Mackenzie’s bid to focus on large assets in commodities such as iron ore, copper and oil.

Copper and cars: Boom goes beyond electric vehicles

UPDATED CHART: By 2025 demand for copper from global vehicle market will double to 3.3 million tonnes.

China marks cobalt, copper ascendancy in Congo with new group

The 35-member union includes China Molybdenum Co.-controlled Tenke Fungurume Mining and MMG Ltd., as well as subsidiaries of China Nonferrous Metal Mining Group and Huayou Cobalt Co. Sicomines, among others.

S.African lobby group opposes parts of new draft mining charter

The Minerals Council South Africa said it does not support some elements in the latest draft of an industry charter.

Almost half of deadly mine accidents in South Africa happened at Sibanye-Stillwater sites: Minister

Gwede Mantashe said that 20 out of 45 mining deaths reported since the start of 2018 have taken place at Sibanye-Stillwater’s mining sites.

EPA to clean up wastewater at 26 Colorado mines

The selected areas are known for presenting high levels of aluminum, cadmium, copper, iron, lead and/or zinc.

Trump trade war blows up big week for mining majors

A week choc-a-bloc with billion dollar copper, iron ore and cobalt deals ends with huge drop in prices and sell-off in stocks of mining's biggest names.

Gecamines says Glencore deal to yield billions for Congo state

Glencore reached a deal with Gecamines on Tuesday to end a legal dispute over Kamoto Copper Co.

Glencore's great game is avoiding US sanctions: Chris Bryant

Glencore says its subsidiaries will pay Gertler what he’s owed, only the funds will be transferred in euros and U.S. citizens won’t be involved.

Glencore settles legal row with former partner over Congo royalties

The Swiss firm will make mining royalty payments to Dan Gertler in euros so that it doesn’t fall foul of US sanctions, which were placed on the Israeli billionaire last year.

Congo miner Gecamines plans to renegotiate with foreign partners

Heavily in debt and with dwindling output, Gecamines has long complained about its joint venture terms.

Congo plans to start $13.9 bn hydropower project this year

The plant would form part of a larger Grand Inga hydropower complex spanning the Congo River.

Vedanta mulls options for Indian iron ore workers after shutdown-sources

Vedanta is considering options including lay-offs for some of the 2,000 employees of its iron ore business that was shut down by a court.

RANKED: Commodities that are added to mining company names

No surprise who the winner is.

Nevsun extends life of its Bisha mine in Eritrea until the end of 2022

Decision gives 18 months more than planned to the operation, which would result in additional production of 470 million pounds of zinc and 52 million pounds of copper during that period.

Erdene becomes first cross-listed firm on the Mongolian Stock Exchange

The listing also makes Erdene the only precious metals exploration and development company currently registered on the exchange.

Brazil's new mining code rules rolled out

The new rules are a clear effort to improve the current legislation as seamlessly as possible, but in close attention to the international industry dynamics and to a number of other sensitive issues (such as environmental recovery and security).

Mitsubishi ups stake in Anglo’s Quellaveco copper project in $600-million deal

Anglo will sell a 21.9% stake in its Peruvian copper project to Mitsubishi, increasing the Japanese firm’s stake in the venture to 40%.

Copper veteran has unfinished business at world’s biggest pit

Nelson Pizarro wants to remain at the helm of the world’s biggest copper company until he can cut the ribbon on a project to convert its flagship pit into a giant underground mine.

Southern Copper to begin operations at $2.5bn Michiquillay earlier than expected

Reaching agreements with residents near the project is expected to take about a year, followed by three to build the mine, which will begin operations by 2022.

Congo's miners face harsh new reality as mining law finalized

After six months of lobbying, companies including Glencore and Randgold Resources have got nowhere in their battle to push back against a new mining law that voids existing agreements and increases their costs.

Vedanta to double output at Zambia's Konkola Copper Mines – regional CEO

Vedanta's Deshnee Naidoo told Reuters, adding that KCM is on track to produce 400,000 tonnes of copper a year in the next few years.

Brazilian President changes decades-old mining laws to lure investment, protect environment

The two separate decrees aim at making the local industry more competitive and sustainable, while while implementing rules on the collection of higher mining royalties.

Kinross going ahead with expansion of Alaska gold mine

Project is expected to extend Fort Knox mine life to 2030 and generate 17% internal rate of return (IRR) at a low capital cost.

Agents with the most mining deals in 2018

Canaccord, BMO and Patersons.