Copper Mining News

Top miners saw positive FY2018

Supported metal prices, debts being slashed, and production efficiency growth were the keys for the good performance.

Copper snapshot: Eight companies hunting for the red metal

Here’s a look at eight active juniors with substantial copper assets in their property portfolios.

US-China trade war isn’t buckling copper price – yet

But tin, nickel miners and aluminum manufacturers should worry more.

Glencore's Zambian unit to close two shafts

Zambia's Mopani Copper Mines Plc plans to close two shafts and focus on essential capital projects, the Glencore-owned company said on Friday.

Amazon rainforest is ours and not yours, Brazil tells the world

The comments coincide with government plans to review existing conservation areas amid growing pressure from mining and agriculture lobbies.

Forum Energy Metals inks $30m option with Rio on Janice Lake

The property has geologic features that are analogous to the giant Udokan development project in Russia, which is the largest undeveloped copper project in the world. 

Australian junior Aurelia forgoes Glencore copper mine buy

The exploration and development company became the second Australian miner since April to back off from plans to buy the Glencore's CSA, in New South Wales.

Nevada Copper inks $115m deal to construct Pumpkin Hollow

Nevada's first copper mine in a decade is set to enter production during the final quarter of this year.

Trump bans trade in Iranian metals, ratcheting up tensions

The latest order aims to discourage foreign companies and countries that may still be trying to maintain business with Iran.

Kinross mulls options to resume long-term operations in Chile

The Canadian miner may soon make a decision about returning to long-term production in Chile.

Noront chooses Sault Ste. Marie for site of production facility

Noront owns or has interests in several projects in Ontario’s Ring of Fire.

China-US trade war disrupting metal markets, sparking volatility

A swift deterioration in China-US trade talks hit global financial markets this week as investors faced the prospect of an escalation rather than an end to a 10-month-old trade war.

Chile copper mine production slides in first quarter – Cochilco

Cochilco said world top copper miner Codelco saw output drop 17 percent from the same period in 2018 to 371,000 tonnes.

SolGold confident in new major copper-gold find in Ecuador

The Australian miner believes that Cascabel and now Porvenir are the first in a long, large and rich string of copper-gold projects it will develop in Ecuador.

Lithium price: Battery capacity of electric cars doubles from last year

Lithium prices remain under pressure despite new report showing record 9.8GWh of battery capacity was deployed globally in March.

EnGold extends mineralization at Lac La Hache

Sampling has returned gold values of 40.6, 57.6 and 96.1 g/t.

Faltering metals get check-up as industry gathers in Hong Kong

Base metals have had a shaky start to 2019, with a cautious Q1 advance giving way to an April drop on uncertainty about the global economy.

Hong Kong exchange to launch dollar-denominated mini contracts for base metals

The new offering comes five years after a similar product fizzled on the Singapore Exchange (SGX).

Minnesota environmentalists step up fight against Twin Metals’ copper project

Coalition has gone to court challenging a Trump administration’s decision that opened the door to Twin Metals’ copper, nickel and platinum project in a wilderness area of Minnesota.

Codelco not giving away gold watches anymore

For decades, the National Copper Corporation gave away expensive gold watches to workers that have been with the company for over 30 years.

Community around MMG’s Las Bambas mine holding its breath

The Nueva Fuerabamba community is pushing for laws that decriminalize their protests.

Zambia's finance minister says tax reforms needed to cut debt

The proposed tax change in Africa's second biggest copper producing nation has upset the mining community.

Miner Boliden Q1 core profit tops forecasts

Operating profit fell to 2.05 billion Swedish crowns from 2.72 billion a year earlier, beating the 1.99 billion seen by analysts in a Reuters poll.

Miners in Congo face subcontracting limits under new rules

The new mining code that Congo passed last year confirmed that subcontracting in the mining industry will be limited to companies of which the majority of capital is held by Congolese.

Base metals give ground as manufacturing clouds darken

London Metal Exchange (LME) copper slumped 3% on Wednesday and has slid further to a three-month low.