Copper Mining News

Mick Davies' X2 Resources fails to deliver, frees investors from commitments

Launched three years ago with a $5.6bn war chest, the fund once hailed as leader of a new wave of mining investment changes course.

Owner of world's largest gold project just hit the jackpot again

Seabridge Gold, the company behind the massive KSM project in northern B.C., has identified a large, untested target at Iskut.

Zijin, Shandong go after Barrick Gold’s Veladero mine in Argentina

The potential sale of a 50% stake in Veladero mine could fetch Barrick more than $1 billion, sources familiar with the matter say.

Botswana Diamonds finds octahedron in sample material at Orapa

The company, which began exploring the area in March this year, said that specialists from its joint venture partner Alrosa are reanalyzing 80 tonnes of samples that were sent to South Africa.

Anglo American soars on positive production report

Shares were up more than 5% after the firm posted higher output across all divisions, except for copper, and said market conditions for its diamond business had improved.

Callinex trades higher after Rick Rule invests $5M

The zinc junior is one of the latest picks by Rule, president and CEO of Sprott U.S. Holdings.

Caterpillar axes sales forecast, warns factors depressing orders could linger

While quarterly earnings beat analysts expectations, revenue fell short of estimates and CAT also lowered its full-year guidance.

Man drinks sodium cyanide

DO NOT DO THIS!!!!!!!!!!!!!

Nevada Mining Exploration battered by withdrawals, sage grouse, bonding hikes

When Nevada became a state in 1864, an estimated 60 million acres were available for mineral entry in Nevada, of that total 16 million acres have been withdrawn.

Protest ends at MMG’s Las Bambas copper mine in Peru, exports to resume

The process of restoring calm in local communities and the re-opening of essential infrastructure is now underway, said the miner Monday.

Caterpillar rally hindered by fresh drop in sales

The world’s largest heavy machinery maker has logged a 18% drop in global sales of machinery for the three-month period ended in September.

Las Bambas protests could halt copper production

Copper bulls might be tempted to place buy orders after a protest at a Peruvian mine turned ugly about 10 days ago.

Canada's Ajax mine could cost $100 million in lawsuits: Mining Watch

Taking as an example what’s happening at the Malartic mine in Quebec, the watchdog presented “conservative estimates” on possible actions against the gold and copper project in B.C.

Worker dies at La Escondida mine

La Escondida is 57.5% owned by BHP Billiton and 30% owned by Rio Tinto.

Mexico's mining sector to reach $17.8bn by 2020 on the back of silver, zinc prices

The country's sector, dominated by precious metals and zinc, will be well-positioned for the expected price outperformance of these commodities, shows new report.

Rio Tinto to ship less iron ore despite increased demand from China

Smaller rival Fortescue Metals went the opposite way — it increased iron ore exports by 5% in the Sep. quarter.

BHP Billiton to lose chairman Jac Nasser next year

He said he had intended to announce his retirement last year but chose to stay on while BHP dealt with the aftermath of the Samarco mine disaster in Brazil.

Mineria Activa acquires 90% of Pampa Camarones for US$18mm

Private equity firm Mineria Activa acquired 90% of Pampa Camarones through a US$18mm capital increase in the company.

Tires are a top five cost for a miner

KalTire Canada's VP of Operations talks about company's innovations when it comes to monitoring, changing and recycling tires.

World's largest miner wants 50 pct of workforce to be female by 2025: report

"We challenge dated stereotypes about jobs in the resources industry.”

Pistol Bay becomes dominant landholder in the Confederation Lake Greenstone Belt

The Canadian junior announced the acquisition of all properties and deposits from AurCrest Gold and Glencore.

Grupo Mexico’s mine in Spain under scrutiny… again

Grupo Mexico’s project is being scrutinized once again.

Congo takes Freeport, Lundin to court over sale of Tenke Fungurume

The Congo mine, which cost $3 billion to build, holds one of the world’s largest known copper resources.

11 things every metal investor needs to know about zinc

Certain commodities tend to fly under the radar for periods of time. One of those metals that comes and goes is zinc – and after shooting up in price over 35% this year, it definitely has the attention of many investors and speculators again.

World’s top miner BHP Billiton finally sees signs of recovery in mining

BHP is not the first major player to flag green shoots in the mining industry. Caterpillar, the world's largest heavy machinery maker, said the same last month.