Copper Mining News

Better copper prices boost Codelco’s profit offsetting output decline

The state-owned miner reported a Q1 profit of $534 million, more than the total it earned in 2016.

World’s largest gold miner hit by Tanzania export ban

Barrick's comments come on the heels of a report published this week, which claims its Tanzanian subsidiary has been under-reporting the amount of metal in its shipments to evade taxes.

Anglo Asian Mining back in the black as copper output doubles

Better gold prices also helped the Azerbaijan-focused miner reduced its outstanding debts and boost profit.

Castle Silver should be called Castle Cobalt

With the price of cobalt increasing, Bob Moriarty of 321 Gold profiles Castle Silver, which has turned its focus to cobalt.

In times of rate hikes, industrial metals rise fastest

Tom Beck, senior editor of Portfolio Wealth Global, says in times of rate hikes, industrial metals rise fastest, and in today's world, the type of metals in highest demand by China are going to rise the most.

Tanzania outs mining minister over alleged collusion with companies to evade taxes

Shares in gold producer Acacia Mining, one of the firms accused of eluding taxes, fell by more than 18% to 18% to 355.70 pence on the news.

For these women, working underground is a bright opportunity

Mothers will do everything to ensure a bright future for their children.

China’s Zijin pays off stake in Ivanhoe’s Congo copper project

Ivanhoe Mines and Zijin each hold now an indirect 39.6% interest in the Kamoa-Kakula project, thought to be Africa's most significant deposit of the red metal ever found.

Low copper prices force Codelco to revise underground expansion of Chuquicamata

Modifications seek to simplify aspects of the project originally approved in 2010 in order to optimize mineral handling.

Report blasts Antofagasta’s Minera Los Pelambres

Two days before Antofgasta's annual general meeting in London, an 18-pages long report by the London Mining Network slams Los Pelambres' environmental record.

Rio Tinto launches new debt reduction programme

The company said that today’s announcement is part of its ongoing capital management plan.

Top 10 financings in April

April saw 121 financings close in the Canadian financial markets for C$522.7 million including 55 financings for gold totalling $207.3 million, some 40% of the April total.

These 4 charts will turn you into a (raging) zinc price bull

Contract treatment charges – an indicator market tightness – fall by most on record while inventories drop to levels last seen in 2008.

Congo to re-evaluate new mining code next week

Move comes 15 months after the country’s government halted the planned revision amid opposition from mining companies and low commodity prices.

Rio Tinto says it wants to help Australian small businesses

The change will apply to more than 5,500 Australian suppliers under $1 million of expenditure.

Venezuelan NGO asks government to kill Mining Arch decree

An NGO based in the southern Bolívar state is calling the Venezuelan government to kill the 2016 decree that creates the Mining Arch of the Orinoco River National Development Strategic Zone.

China's building a mega city from scratch – it's going to suck in lots of steel, copper

Forget One Belt, One Road, the impact of Xiongan New Area on copper, iron ore and aluminum prices will be felt much earlier says new report.

Northern Dynasty announces Pebble Project advisory committee

Northern Dynasty Minerals Ltd. reports that its wholly-owned subsidiary, Alaska-based Pebble Limited Partnership announced today it has received commitments from five prominent Alaskan and national figures to serve as founding members of an Advisory Committee formed to provide independent, external advice as the Pebble Project advances into federal and state permitting.

$16K in gold bullion up for grabs in new stock-picking contest from Stockpools & Kitco

Junior mining investor enthusiasts will be duelling it out for the big money when the next contest by Stockpools and Kitco is launched the first week of June.

Canada’s Trevali picks up Glencore zinc mines in Africa

The deal, worth about $400 million, will make Trevali the first pure zinc producer with operations in North and South America as well as Africa.

First Quantum to kick off massive $5.48bn copper mine in Panama in just months

Cobre Panama project is now 50% complete and on track to produce 320,000 tonnes of copper in 2019, making the company one of the world’s top six producers of the red metal.

Here’s why Colombia’s mining sector is losing its shine

Companies are pressing the government to better regulate public consultations and votes on mining projects, as they see legal uncertainty as the industry's main current challenge.

Chile's silver output plummets by 26%

This is a big deal as Chile is the fourth largest silver producing country in the world.

Vale closing Birchtree nickel mine in Manitoba

200 jobs lost.

Glencore: 'Electric vehicle revolution is happening faster than expected'

Copper, cobalt, nickel and manganese demand boost as major car companies dramatically increase investment to go electric says CEO Ivan Glasenberg.