Copper Mining News

Caterpillar touts automation solutions as top miners swing back to profit

The world's No.1 heavy machinery maker is telling miners not to rest on their laurels now that the industry is finally coming back up from a brutal downturn and keep focused on maximizing returns and efficiency.

BHP has lost 41,000 tonnes of copper due to strike at Escondida

The company is reviewing its copper output guidance for 2017 as industrial action at its largest copper mine enters its third week Thursday.

Anglo American not selling assets any more as it returns to profit

The world's number five diversified miner posted its first annual net profit in five years.

BHP Billiton back into the black, pays higher-than-expected dividend

Net profit was $3.2bn for the six months to December 31, compared with a loss of $5.7bn in the same period a year earlier.

Copper price turns higher again – Grasberg gashed

Top listed copper producer Freeport says negotiations with Indonesia going nowhere – will slash production at iconic mine by 60%.

The world’s top 10 highest-grade copper mines

While the copper market is gaining momentum, it is a good time to look at the copper mining champions in terms of copper grade in ore reserves.

Northern Dynasty slams short-seller report as class-suit looms

Rebuttal comes as shareholders launched an investigation over possible false and misleading statements made by the miner about its Pebble copper-gold project in Alaska.

Canada losing ground as mining investment destination

Report by the Mining Association of Canada (MAC) says the country is not in a good position to benefit from the increasing number of companies ready to make new and significant investments.

Here's the latest scoop on Barrick's projects

The company is focusing on assets with the potential to add as much as 1.1 million ounces of gold to its total output beyond 2021.

Vale resumes sale of remaining fertilizer assets in Brazil

A reworked sale process for plants located in the southeastern city of Cubatão was reportedly launched in recent days.

These 10 companies spend most looking for gold, copper

Majors and juniors swap roles in $7 billion a year mining exploration sector

Teck swings to profit in Q4 but misses expectations

The firm, North America's No.1 producer of coking coal, benefitted from the price rally — steelmaking coal climbed 155.5% to $207 in the quarter.

Northern Dynasty stock hammered by short-seller report

Shares in the Canadian miner behind the stalled Pebble copper-gold project in Alaska nosedived after a report branded the venture as “worthless.”

Striking workers at BHP’s Escondida mine accept Gov’t mediation

The meeting is not a return to mediation but an attempt to agree to return to the negotiating table, the union said.

Freeport halts Grasberg mine, begins sending workers home

The firm has not been able to ship copper from the mine in over a month due to a ban on concentrate exports that kicked in on January 12.

Glencore buys stakes in Mutanda and Katanga mines valued at $960m

Glencore is upping its presence in the African mining landscape through the purchase of stakes in two mines it already partially owns.

Weak finish for the Canadian Mining Eye Index in Q4 — EY

EY’s Canadian Mining Eye index declined 13% in the last quarter last year as weak gold and nickel prices offset copper and zinc gains.

Newcrest doubles first-half profit, to pay divvy

The miner attributed the good results to higher metals prices, increased gold and copper output and productivity improvements.

DR Congo’s perfect storm

A leaked White House memo, which outlines the suspension of a portion of the Dodd-Frank rule on ‘conflict minerals’, will exacerbate already high levels of violence in DR Congo.

Copper price surges on BHP force majeure

Copper hits 20-month high after world's number one miner says can't honour supply contracts from Escondida, responsible for 5% of global output.

Quebec pulls permits for Copper One’s exploration claims at Riviere Dore

The miner says the decision is clearly “abusive” and it evidences “an excess of jurisdiction,” reason why it will appeal the resolution.

Copper price drops despite outages at world's biggest mines

Strike at Escondida, export ban and smelter problems at Grasberg and community clashes at Las Bambas.

BHP to spend $2.2bn on US Mad Dog oil project

Expansion has the potential to increase production to 140,000 barrels of oil per day from the about 80,000 barrels it currently generates.

Goldcorp buys back gold stream on giant Chile project

Vancouver company pays $65 million cash for a 4% stream on El Morro deposit, half of NuevoUnion, its joint venture with Teck.

Southern Copper wants to shoot the lights out

World number five producer adding 600,000 annual tonnes in six years.