Copper Mining News

Indonesia's Silkroad Nickel inks $290m offtake agreement

The deal is to supply 15 million tonnes of nickel ore over a period of five to eight years, beginning March 2020.

OK2 buys three mines in Scandinavia

Together with the acquisition, the Vancouver-based miner will change its name to Norra Metals Corp.

Workers at Codelco’s iconic Chuquicamata mine down tools

World's No. 1 copper producer says mine operating normally despite labour unrest.

Power Ore buys former Falconbridge Opemiska complex

The complex produced more than 1.0 billion lb. of copper and almost 206,000 oz. of gold.

Casa discovers new zone at Pitman in BC

Prospecting, rock and soil geochemical sampling graded as high as 231 grams per tonne silver, 2.83% copper and 6.15% zinc at the Dragon Tale zone over an area measuring 1.4 km by 0.7 km.

Canadian universities not keeping up with mining industry demands—report

Undergraduate mining engineering program enrollment dropped 12% between 2015 and 2016.

Anti-mine stance eases in second-largest copper producer

Cajamarca could attract as much as $18.2 billion investment in new projects, according to the Mines and Energy Ministry.

BHP calls off sale of Cerro Colorado copper mine as buyer backs out

The world’s No.1 miner had decided to offload Cerro Colorado mine in May last year, as part of chief executive Andrew Mackenzie’s bid to focus on large assets in commodities such as iron ore, copper and oil.

Zambia's chamber of mines sees 21,000 job cuts due to higher taxes

Africa's No.2 copper producer plans to introduce new mining duties, replace Value Added Tax with sales tax and increase royalties to help bring down mounting debt.

Amarc to drill Joy copper-gold project in BC

The company also identified three new targets that it says it can make drill ready through induced polarization and geological surveys in early 2019.

Newcrest expands footprint in Chile with two gold deals

The Australian major has signed option and farm-in agreements for Cornerstone Capital Resources’ Miocene and Mirasol Mining's Gorbea properties, all of them in northern Chile.

Botswana’s Mowana copper mine suspends operations over working capital

Copper prices on the international market have been recovering but Mowana mine, which employs 411 workers, has failed to capitalise on the gains due to equipment breakdowns.

Rio's partner in Aussie copper project says nothing great so far about it

Antipa Minerals reported "weak mineralization" in a target area that is part of the Citadel project, which has been touted as likely rich in copper.

Anglo ending 2018 on high note, predicts higher output, lower costs

The diversified miner anticipates 2018 production to be 2% ahead of previous guidance and costs to be 5% below.

Canadian miner granted exploration permit in Spain

Pan Global Resources can now drill the Escacena gold/copper/zinc prospect in the Iberian Pyrite Belt.

Newcrest options Cornerstone’s Miocene property

Miocene is in the Atacama and Antofagasta regions of Chile, where Cornerstone is targeting epithermal gold-silver and porphyry gold-copper deposits.

India's green court to issue judgment on Vedanta smelter next week

A judgment on the smelter will be uploaded on the court's website in a week's time, after which there will be no further hearings on the case.

Congo's Gecamines to boost stake in Boss Mining JV to 49%

The state miner is moving to increase its take from joint ventures with international miners such as Glencore and China Molybdenum, which it accuses of not bringing enough money to the country.

Capstone increases reserves and planned production at Mexican copper project

The Cozamin project is a polymetallic underground mine with a surface milling facility.

China's copper, iron ore imports slump as economic growth slows

Often cited as a market indicator for economic health, the metal has been under pressure since the summer, threatening to unwind a three-year rally.

Importance of rare earth metals mining makes it into COP24

Experts agree that resources are the missing link in the climate debate.

Newmont updates gold and copper outlook for 2019 and 2020

Looking ahead, he continued, the company is executing three projects that will be completed before the end of 2019.

India court panel extends hearing on Vedanta smelter case

State authorities permanently shut down the Tamil Nadu plant after police fired on protesters calling for the closure of the plant in May over concerns it was polluting their air and water.

Chile's Codelco agrees contract with Gabriela Mistral mine workers

The deal, approved by 91.7 percent of the union, also included 1.1 percent salary increases, Codelco said.

Losing licence to operate new and biggest threat to miners — EY

Mining companies across the globe now consider the risk of losing their licence to operate as the biggest risk to their businesses in the next two years