Copper Mining News

The $18 billion electric car bubble at risk of bursting in China

There are now 486 EV manufacturers registered in China.

Chile holds 2019 copper forecast at $3.05/lb

The price would be underpinned by a 208,000 tonne deficit in the global market for 2019.

Barrick says Kibali mine on track for another record year

The company achieved preliminary Q1 production of 1.37Moz gold and 106Mlb copper.

Billionaire's copper plant, job losses pressure a key Modi ally

In Tamil Nadu, a small breakaway group is attempting to make inroads in one district by promising to shutter a copper smelter run by mining giant Vedanta Ltd.

Barclays and Red Kite settle copper market dispute

Red Kite in 2017 sued Barclays for $850 million, alleging that the bank's traders were able to see the hedge fund's confidential trading positions on the London Metal Exchange.

Power Ore completes revised Opemiska geological model

The Opemiska complex lies within the Abitibi Greenstone Belt and Quebec’s Plan Nord lands.

Glencore Coal chief development officer named Katanga CEO

Jeff Gerard named to the top job, taking over from Danny Callow.

Copper price jumps to 9-month high on red-hot China data

Measure of industrial output surges to five-year high in March.

Copper Fox updates exploration at Schaft Creek JV

The property is a potential producer of copper, gold and molybdenum.

Moroccan miner Managem considering raising $200m in bond sales

Last month, Managem reported a 16% drop in 2018 revenue after metal prices fell on international markets and its Bakkoudou gold mine in Gabon closed.

Lumina Copper halts Chilean mine operations after worker's death

The cause of the accident that killed an employee of service provider Global Group Ingeniería is under investigation.

Cupric Canyon secures financing for Khoemacau project in Botswana

A $565m funding package brings Cupric Canyon Capital one step closer to turning its Khoemacau project into a major copper and silver mine in northwestern Botswana.

Aztec identifies 11 porphyry targets at Cervantes

The company intends to complete detailed mapping, rock and soil sampling and possibly IP geophysics to confirm possible drill targets.

Nevada Copper files Pumpkin Hollow open pit prefeasibility study

The new technical report shows improved economics, simplified build and phased expansion.

Rio Tinto warning may rupture mining industry into green and dirty

Rio Tinto's warning to mining lobby groups that they have to acknowledge the threat of climate change is likely a sign that the industry will inevitably fracture into two camps.

Hecla Mining’s water permit for Montana mine revoked

Licence would have allowed Hecla to pump groundwater to supply the proposed copper and silver mine beneath a Montana wilderness area.

Waterton takes Hudbay Minerals to court

The Canadian miner's second-largest investor, Waterton Global Resource Management, has filed a lawsuit against the base metals producer in a bid to constrain its ability to solicit proxies.

Chinese refineries can't get enough copper concentrate

At the current rate China is forecast to import a record 22.4 million tonnes of copper ore and concentrate this year.

Taseko stock gets boost on first copper production in Arizona

Taseko’s Florence production test facility is fully operational and producing copper.

BHP Canada makes strategic investment in Midland Exploration

BHP is acquiring 3.44 million units of Midland at $1.70 per unit for $5.9 million.

China's commodity imports look tepid, may be slightly warmer

The decline in commodity imports in the first quarter seem to confirm the narrative of slowing growth in the world's second-largest economy.

Lundin Mining grabs Brazilian mine from Yamana in $1B deal

The Chapada copper-gold mine, in the northwest Brazilian state of Goiás, began production in 2007 and is expected to churn out about 54,500 tonnes of the red metal and 100,000 ounces of the precious one this year.

Rio Tinto injects another $302m into Resolution copper project in Arizona

Investment will go towards more drilling, orebody studies, infrastructure improvements and permitting activities.

Protesters block road used by Hudbay to transport copper in Peru

Members of the community of Tacrara were demanding compensation for the use of a road that, according to them, Hudbay’s trucks were not supposed to be using.

Las Bambas’ copper out to the markets after 68-day blockade

The Nueva Fuerabamba community agreed to let Las Bambas' trucks circulate through the Corredor Minero del Sur.