Copper Mining News

Mining executive steps away from UBC keynote address ahead of securities hearing

Michael McPhie, former CEO of the Mining Association of British Columbia, intends to clear his company’s name after it was implicated in share distribution scandal.

Copper price falls after Chinese economic growth hits 28-year low

Copper back in bear market with price down more than 20% since June peak over fears of the impact of the US-China trade war.

Australia's MOD rejects Sandfire bid as undervalued, willing to negotiate

MOD is willing to engage with Sandfire and grant confirmatory due diligence if a compelling price is presented and capable of being supported by the board and shareholders.

Barrick mulls selling Zambia copper mine over higher taxes

While company denied media reports that it had sold Lumwana, it said that given the challenging conditions the mine was facing in Zambia, all options would have to be considered.

Australia's MOD rebuffs Sandfire’s $63m takeover bid, but willing to negotiate

MOD also said it would raise about A$15 million via a share placement and rights issue, with the majority of the proceeds to be used to advance the T3 copper project in Botswana towards production.

Pancontinental expands in Ontario’s Montcalm Greenstone Belt

Pancon now controls more than 157 square kilometres west of Timmins.

Chile's mining development corporation has a new boss

Robert Mayne-Nicholls has worked in companies such as Codelco, Antofagasta and Barrick Gold.

Record $93B private capital flows into natural resources

But only sliver of funds raised destined for mining and metals

Glencore tightens grip on Congo mining unit as scrutiny sharpens

Glencore tightened its grip by appointing new executives and entering a management services contract to run its troubled Congo copper and cobalt unit.

China's Jiangxi Copper names industry outsider as new general manager

A company spokeswoman stressed that while Zheng may be new to the copper industry, he has a lot of management experience.

Turquoise Hill reports fourth quarter 2018 production for Oyu Tolgoi, 2019 guidance

The company expects Oyu Tolgoi will be the world’s third-largest copper producer at peak metal production.

China Moly ups stake in giant Tenke copper mine to 80%

Company has agreed to buy BHR Newwood DRC Holdings Ltd, a holding company set up by private equity firm BHR to buy a 24% stake in the Congo mine in 2017.

Carube Copper finds high grades in Jamaica

The company's Main Ridge project is located in an area where Spaniards mined placer gold in the 16th Century.

Chile's Cochilco keeps 2019 copper forecast at $3.05/lb amid trade war, Brexit

The reduction in global expectations for the price in 2019, coupled with the trade war, will keep investors away, maintaining a downwards trend in the price for the short term.

Cornish secures further funding to build lithium mine in UK

The funds will enable the company to expand activities in south-west England and to drill exploratory boreholes to extract samples of lithium-bearing brines.

Northern Superior moves forward with projects in Ontario and Quebec

New funds inject new life to existing projects.

Mining the Americas in 2019 — a forecast

Canada's cobalt sector and Ecuador's budding mining sector for copper and gold will be investment hot spots.

MineHub and IBM to introduce global mining and metals supply chain solution with blockchain

The first use case will manage concentrate from Goldcorp’s Penasquito mine in Mexico.

ATAC finds more high grades at Rau

Rau is located at the western end of the company’s Rackla property 55 km northeast of Keno City.

Poland's KGHM expects 2019 average copper price at $6,100-6,300/t

"We refer to lower end of copper price range forecast by analysts and we assume an average copper price at $6,100-$6,300 per tonne."

Hudbay Minerals investor Waterton seeks to replace CEO, board

Toronto-based private-equity firm Waterton Global Resource Management is launching a proxy fight with Hudbay Minerals, pushing to overhaul the board and oust its chief executive over alleged "mismanagement."

Precipitate Gold purchases gold-copper project in the Dominican Republic

The project is adjoining Barrick and Goldcorp's Pueblo Viejo gold-silver mine.

Mining’s biggest jobs are up for grabs. Here are the contenders

Some of the mining world’s top executives are starting to plan their departures.

Electric cars seen getting cleaner even where grids rely on coal

The global share of zero-carbon electricity generation is set to increase from 38 percent last year to 63 percent by 2040.

Vedanta tells top English court pollution case should be heard in Zambia

The two-day hearing will be watched by other multinational companies with a base in London and facing legal challenges about their operations abroad.