Copper Mining News

Recommissioned Aussie mine dispatches first nickel concentrate shipment to China

Panoramic Resources' first shipment from the Savannah mine contained 7,735 wmt of nickel/copper/cobalt concentrate valued in approximately $6.1 million.

IBM steps up efforts to help miners improve health and safety records

The company is working with several wearable technology providers so companies can monitor biometric and environmental data to identify whether employees are experiencing dangers or risk, beyond a equipment failure.

Mongolia posts 6.9% economic growth in 2018

Coal and copper generate almost 70% of Mongolia's total export revenues and most of its mining output is sold to neighboring China.

Centamin sees mineral resources more than doubling in Côte d’Ivoire

The miner has added 780,000 indicated ounces of gold to its Doropo project in Cote d’Ivoire, taking the its overall resource to over 2 million ounces.

Silver One starts drilling at Peñasco Quemado in Mexico

Historical measured and indicated resource at the property are of 2.57 million tonnes at a grade of 117 g/t Ag for a silver resource of 9.63 million ounces.

Investors applaud Yamana Gold’s Q4 results

Yamana Gold’s stock was up 4.65% in after hours trading.

Casa options Keaper polymetallic project in British Columbia

The optionee must spend $4 million on exploration, pay Casa $550,000 and issue Casa 2.5 million shares in yearly stages.

Copper miner's $10B bet comes to life in Panama jungle

Poised to supply a global market that’s tipping into deficit gives First Quantum Minerals Ltd. a chance to prove its $10 billion investment was worth all the trouble.

Copper price slides despite Chinese imports at record pace

US-China trade spat benefitting copper miners as tariffs on scrap imports boost concentrate shipments 17% to nearly 2m tonnes.

Norway gives go-ahead to disputed Arctic copper mine

Nussir says the area contains an estimated 72 million tonnes of copper ore - Norway's largest reserve.

Sierra Metals one step closer to expanding Yauricocha mine in Peru

Yauricocha's reserves are, in the proven category, 1.8 million tonnes and a little over 7 million tonnes in the probable category.

Dundee ups 2018 revenue, net earnings

The company recorded revenue of $377.1 million and adjusted net earnings of $29.0 million.

First Cobalt extends mineralization at Iron Creek in Idaho

Iron Creek contains 26.9 million inferred tonnes grading 0.08% cobalt and 0.3% copper for 46.2 million lb. cobalt and 176.2 million lb. copper.

Mitsubishi Materials cuts sales estimate for Indonesia copper smelter

Maintenance and slower ramp-up last year caused a reduction in copper cathode output by 26,000 tonnes.

Peru environmental watchdog rules out tailings spill at Southern Copper mine

Peru's environmental regulator OEFA has concluded that mining waste from the company's Cuajone mine did not spill into a river during heavy rains last week.

Barrick Gold posts $1.2 billion quarterly loss, sees cost rising in 2019

The company pinned the cost increases partly on mining ending at its low-cost Cortez Hills open pit in Nevada in the first half of the year.

Teck misses Q4 profit estimates on lower copper, zinc and oil prices

Canada’s largest diversified miner saw its quarterly profit drop 41.5 % from the year earlier, amid lower prices for copper, zinc and oil.

Cost parity by 'early 2020s' will be electric vehicle tipping point

Improving battery technologies will mean that even long-haul trucks could be economically electrified during the second half of the next decade.

Osisko cuts 9.15% Zn+Pb and 0.54% Cu at Key Anacon

Osisko Metals considers the exploration potential to be high both at Key Anacon and adjacent properties it owns.

Bougainville’s $58B gold-copper mine rights safe for now as Mining Act changes rejected

The autonomous Papua New Guinea region of Bougainville has rejected controversial changes to its mining law.

Southern Copper reports $293.2m in Q4 net income

The companies 112 percent rise in net income in all of 2018 was due mainly to higher sales and lower taxes.

Grupo Mexico net profit falls by a third in Q4

The company reported $2.567 billion in revenues for the fourth quarter, down slightly from a year earlier.

Peruvian authorities looking into possible tailings dam spill at Southern Copper’s Cuajone mine

The country's environmental agency OEFA detected a "flow of a greenish solution" into the nearby Torata River in the waste deposit area of the copper mine, located in the Moquegua region.

Minerals Council of Australia calls for tax, workplace law reform

According to the industry group, such reform would encourage additional investment in capital and technology.

Codelco ready to resume operations at Chuquicamata despite torrential rains

The wet season in the austral summer has caused havoc in northern Chile.