Copper Mining News

Bitcoin contracts are still tiny in the world of commodity futures

“The bitcoin’s super-high volatility is not for everyone’s taste,” said Randy Frederick, vice president of trading and derivatives with Charles Schwab & Co.

Congo mines say revised code threatens industry's future

Monday, mining companies in the DRC said that proposed changes to mining code adopted by lower house of parliament would do lasting damage to investment.

Wisconsin to lift sulphide mining ban

In six months sulphide miners in Wisconsin could be back in business.

Iron ore, copper prices recover after record Chinese imports

November copper concentrate shipments to China hits all-time monthly high – annual iron ore imports set to easily surpass 2016's record 1 billion tonnes.

Tanzania-Zambia railway authority resumes transportation of copper

Friday, TAZARA resumed transportation of copper which had halted on Tuesday after unionised workers went on strike.

Mongolian Gov’t can’t nationalize Erdenet Copper Mine — court

Erdenet, which produces 530,000 tons of ore annually, is one of Asia’s biggest copper and molybdenum mines and a top tax contributor to the country’s $12 billion economy.

Chile’s Codelco hiring for underground expansion of Chuquicamata

About 150 workers will be pre-selected as a result of the process, which closes on Dec. 24. They’ll join the over 1,100 employees already working on the much-needed project.

Canadian federal court rejects Taseko's proposed $1.5bn copper-gold project

The federal court dismissed Taseko's applications for New Prosperity Mine, and ordered the company to pay court costs to the Tsilhqot’in First Nation.

Vedanta's Zambian arm to set up new processing plants

Vedanta Resources said Thursday its Zambian subsidiary KCM plans to set up new copper smelter, cobalt refinery and more under a $1 bln investment programme.

China's Tongling Nonferrous cuts copper output by 20-30 pct

One of China's top copper smelters has reduced production by 20-30 percent to comply with winter output restrictions, a company official said on Thursday.

Indonesia's Freeport-Rio plan masks longer-term issues: Russell

Proposed three-way deal between the Indonesian government, Rio Tinto and Freeport to clean up ownership of Grasberg 'ignores the wider picture'.

Biggest iron ore miner threatens to flood market if prices surge

Brazil's Vale is prepared to unleash as much as 50 million metric tons of spare capacity to balance the market if prices get too high.

Massive Oyu Tolgoi mine to more than double gold production in 2018

Rio Tinto-controlled Turquoise Hill is also predicting costs to fall about 2.8%.

Displaced by mining, Peru villagers spurn shiny new town

The remote town of Nueva Fuerabamba was built to house around 1,600 people who gave up their village and farmland to make room for a massive, open-pit copper mine.

Copper's art of the deal

The seeds of Tuesday's 4.6 percent copper slump -- the sharpest in almost three years -- were planted in a scarcely noted non-event earlier this month.

Vale expects to sell up to $1.5 bln in non-core assets through 2020

The Brazilian miner revealed these expectations in a presentation to investors in New York on Wednesday.

LME to deal clearing blow to new metals platform NFEx

The London Metal Exchange unlikely to provide clearing services for proposed new trading platform NFEx, a significant obstacle to the new exchange.

Suncor Energy begins regulatory process to add significant low-carbon power with cogeneration at its Oil Sands operations

To remain globally cost and carbon competitive, Suncor took first steps to replace coke-fired boilers with two cogeneration units at Oil Sands Base Plant.

This new model tracks copper use from cradle to grave…to reincarnation

Research also charts rapid growth of China’s copper use.

Newmont raises output target for 2018, lowers expected costs

The world’s No.2 gold miner is also planning to boost dividend by at least 50% next year, based on balance sheet improvements and the performance of its gold mines.

Tanzania-Zambia railway halts copper transportation after strike

The line is an important route for copper exports from Zambia and the Democratic Republic of Congo, Africa’s top copper producer.

Copper price plunges

Down 4.7% in worst one-day performance since July 2015.

Glencore, Canadian teachers launch mining royalty firm

BaseCore Metals will be independently operated and have its own board of directors.

Indonesia to grab Rio Tinto stake in Grasberg mine

After pumping billions into the Indonesian mine for almost 25 years, Rio might be able to see a decent return as the country’s government plans to acquire the miner’s 40% stake in the coveted operation.

Electric charge: Glencore bets big on car battery metals

Glencore has increased production of the metals used to make electric car batteries faster than its major mining rivals, according to an industry-wide analysis that shows the scale of a strategy that has big prospective risks and rewards.