Copper Mining News

Chile's Codelco agrees contract with Gabriela Mistral mine workers

The deal, approved by 91.7 percent of the union, also included 1.1 percent salary increases, Codelco said.

Losing licence to operate new and biggest threat to miners — EY

Mining companies across the globe now consider the risk of losing their licence to operate as the biggest risk to their businesses in the next two years

Government rejects Sierra Metals’ tailings EIA for Yauricocha expansion

Sierra Metals has 15 business days to provide a re-evaluation to the authorities to initiate a review process.

Congo mining revenues jump 147% in first 9 months of 2018

DRC has collected $1.21 billion in revenues from its mining sector over the first nine months of 2018.

Altamira expands land position in Brazil

The Vancouver-based miner submitted an application to expand to 300,000 hectares its land position at the Firminho project.

Vancouver miner buys cobalt-vanadium-uranium project in Saskatchewan

Searchlight Resources wants to take advantage of the increased interest in battery technology.

Taseko to buy out Yellowhead Mining

Yellowhead is the owner of the Harper Creek copper-gold-silver project about 90 km from Kamloops, British Columbia.

VW says last generation of combustion engines to be launched in 2026

The German carmaker is now committed to radical steps to stop global warming.

Serbia's mining sector could contribute 5% of national output by 2023- minister

Rio Tinto and China's Zijin Mining are potentially the biggest investors.

Glasenberg eyes successor as Glencore readies new generation

Glasenberg, a workaholic, straight-talking South African who has become the public face of the commodity trading industry, has led Glencore for nearly two decades.

Copper deals to get elusive after Teck's $1.2 billion sale

The expansion of the mine, which will require an estimated investment of $4.7 billion, is set to start producing in 2021 and could double Teck’s copper business.

Miramont gets green light to start drilling at Peruvian project

The Vancouver-based miner anticipates drilling to begin early in the New Year.

Teck chooses Sumitomo to develop Chilean copper project in $1.2B deal

Sumitomo Metal Mining and Sumitomo Corp. will pay $800 million earn-in contribution and $400 million matching contribution for a third of Teck's 90% interest in Quebrada Blanca mine.

Trade truce lights fire under mining stocks

Relief that an escalation in the trade war between the US and China has been avoided – at least for now – sparked a huge rally in mining stocks on Monday.

Glasenberg says he'll stay for 3 to 5 years: Glencore Update

"When I go I hope it’ll be a 45-year-old who’ll take over," Glasenberg said

China copper premiums slump to 18-month low as demand wanes

The premiums, paid on top of benchmark three-month London Metal Exchange (LME) prices, fell 10.7% from Friday's levels to $62.50 a tonne, the lowest since June 2017.

Trade war relief for metals, but bull-bear battle rages on: Andy Home

The macro picture may have brightened just a little after the weekend meeting of the U.S. and Chinese presidents, but signs the global economy is losing momentum, do not bode well for metals demand.

Nautilus setting JV to secure support vessels for Solwara 1 project

The support ship will be used at the company's Solwara 1 gold, copper and silver project, off the coast of Papua Guinea, set to be the world’s first commercial deep-sea mine.

Congo state miner in production-sharing deal with Chinese firm

Production sharing agreements align the interests of the two partners because the risk now weighs more on the investor than on Gecamines.

Boreal completes drill campaign at Norway copper-gold project

The campaign was carried out at the Burfjord project, located near Kåfjord, in northeastern Norway.

Management shake-up at Glencore costs copper chief Mistakidis his job

Company veteran and coal chief Peter Freyberg, has been appointed as the head of industrial mining assets, a newly created role.

Codelco strikes contract deal with workers at Ministro Hales mine

The 36-month contract was approved by 53% of the union.

New Mexican president asked to solve issue with former mine workers in two weeks

Initially, workers linked to the Los Mineros Union planned to launch a protest action on December 1st, López Obrador's inauguration day.

Peru’s gold, silver, copper output falls

On the positive side, the Andean country's iron ore production grew by 66.8% when compared to the previous year.

Excelsior closes $75M deal for Arizona copper project

Excelsior will start construction activities at the Arizona Gunnison copper project before the end of the year.