Copper Mining News

British Columbia's mining revenue expected to drop by 25% by 2022

Revenue from energy and mining is expected to drop from $1.1 billion in 2018-19 to $861 million by 2020-21.

Copper and lithium giant squeezing water rights for miners

Wetlands have been dried out, the environment has been damaged, for the salt flat and for local communities, it is already too late.

LME copper squeeze will test market's bull credentials

Is copper finally about to break up out of its well-trodden seven-month range?

Anglo American core profit beats, on journey to 'zero harm'

No degree of financial performance is worth a life.

Canadian miners had a tough 2018, but optimism remains — EY

Ernst & Young’s Canadian Mining Eye index, which tracks the performance of 100 Toronto Stock Exchange and TSX Venture Exchange mid-tier and junior miners — dropped 2% in the last quarter of 2018.

Suspended cobalt sales, higher costs fuel Katanga’s Q4 loss

The company recorded a $52.8 million fourth quarter loss in adjusted EBITDA.

Osisko releases maiden estimate for Key Anacon, Gilmour

With a 5.5% zinc equivalent cut-off, indicated resources in the Key Anacon Main and Titan zones total 2.0 million tonnes grading 5.77% zinc, 2.38% lead, 0.22% copper, and 68.90 g/t silver.

Annual gold output to double at Lalor mine, says Hudbay

The Lalor mine will then be joining the ranks of primary gold producers as one of the lowest sustaining costs in the industry.

Prospects brighten for Alaska's Pebble project after environmental impact statement released

At market close Wednesday, Northern Dynasty's shares were up over 12%, and gained another 7% in after-hours trading.

Mining stocks rally as copper price hits 7-month high

BHP, Anglo American touch one-year highs.

Glencore will 'vigorously contest' $680m tax demand

The tax demand from the British authorities is linked to transfer pricing

Glencore plans new buyback as trading profit disappoints

“They have so much cash they don’t know what to do with it. We’re glad that they are giving it back.”

AngloGold's Colombia soil study cannot be halted by mayor — provincial authority

The mayor of the town of Jerico had ordered a suspension of the work in January after the council voted late last year to ban mining in the area.

Newcrest ups stake in Ecuador with Cornerstone deal

Australia’s largest gold producer has signed an option and farm-in agreement with Toronto-listed Cornerstone Capital Resources over two early stage projects in Ecuador.

Mining companies operating in Sub-Saharan Africa should invest in renewable energy — report

According to Fitch Solutions, off-grid mines could benefit from reducing their dependency on diesel while taking advantage of the region's favourable climate conditions.

Glencore yields to investor pressure, caps coal production

The mining and trading giant will cap its production of thermal and coking coal at about 150m tonnes per year, close to its planned output level for 2019.

Barrick and Tanzania reach proposal to settle country’s row with Acacia

The gold giant said it would approach the board of Acacia Mining to back the formal proposal that would settle a long-running dispute with the Tanzanian government.

ERG will suspend copper, cobalt output at Congo mine this month

Operations are being suspended while a feasibility study is conducted on building two processing facilities to treat ores at the site.

Lumina Copper faces charges, up to $55m fine for environmental breaches in Chile

This is not the first time the Chilean watchdog has fined Lumina.

Glencore to cut output, jobs at copper, cobalt mine in Congo – WSJ

The output cut is likely to be temporary as the company looks for new ways to mine copper, the report said.

Waterton steps up efforts to oust Hudbay Minerals CEO, board of directors

Toronto-based private-equity firm Waterton Global Resource Management is pushing for an overhaul of Hudbay Minerals’ board and the exit of the CEO, Alan Hair, over alleged "mismanagement."

BHP urges miners to create global body to oversee tailings dams

CEO Andrew Mackenzie said it was too early to say what impact the recent Vale tailings dam disaster will have on efforts to restart BHP and Vale's jointly owned Samarco mine, shut since November 2015 after a dam collapse killed 19 people.

Copper cops play game of cat and mouse around desert convoys

The new police unit has already had some success, arresting 11 people and seizing about 60 tons of mineral stolen from the copper mines.

Buybacks and bumper profits on the cards as mining giants report

Big mining has remained stubbornly focused on shareholder returns, rather than spending on acquisitions and big-ticket projects.

Grasberg hasn't received new copper export permit

Indonesia forecast copper concentrate exports to drop to 200,000 tonnes in 2019 from about 1.2 million tonnes last year.