Copper Mining News

Congo will declare cobalt and other minerals as "strategic" in coming days – mines minister

The government considers minerals with the "strategic" designation important for the economic, social and industrial future of the country.

Congo mines minister sees strategic metals decision 'very soon'

Congo’s updated mining code established the category of “strategic” minerals, to which a rate of 10 percent will apply.

Chile lawmakers mull additional mining tax for copper, lithium

The proposed tax, to be applied on the nominal value of extracted metals, would affect copper miners that produce more than 12,000 tonnes of the metal and those extracting 50,000 tonnes of lithium a year.

Royal Gold resolves Voisey’s Bay royalty dispute

Altius entered into an agreement with Vale Canada Limited and certain of its subsidiaries to comprehensively settle their long-standing litigation.

Centerra copper-gold mine in Canada dodges output cuts after securing water sources

Company won’t have to cut output at its central BC-based copper-gold mine, at least for now, as it has been granted approval to use certain short-term water sources.

Top cobalt mines ranked by production in 2017

Top four mines are all located in the Democratic Republic of the Congo.

Lundin Mining has hefty M&A appetite for copper, says incoming CEO

Canada's Lundin Mining Corp is on the hunt for copper mines and projects and willing to spend up to $3 billion on mergers and acquisitions.

Collahuasi copper mine in Chile to raise output 4 pct this year -VP

The copper mine Collahuasi in Chile is expected to produce 545,000 tonnes of copper this year, 4 percent more than in 2017.

Gold Fields plans to extend life of Peru mine through 2040

South African miner Gold Fields Ltd aims to extend the life of its Cerro Corona gold mine in Peru through 2040 with an investment of at least $240 million.

Mitsubishi, Sumitomo said to be after Teck’s Quebrada Blanca mine

Other companies interested in partnering with Teck include Freeport-McMoRan, China’s Aluminum Corp of China (Chinalco) and Canada’s base metals miner Lundin Mining.

After 103 years, Chile’s Codelco blasts at Chuquicamata pit for the last time

Chuquicamata, the company’s second largest copper operation by size, is expected to transition to underground block cave mining by mid-2019.

Yamana warns Argentina’s looming tax on exports could hit bottom line

Miner is mulling ways to mitigate the impact of Argentine President Mauricio Macri's surprise decision to impose a temporary tax on all exports to strengthen the country’s ailing economy.

Chile copper output up 10.8 percent through July -Cochilco

Chile produced 481,700 tonnes of copper in July, an increase of 2.9 percent compared to July 2017.

GT Gold's stocks soar following drill results at Tatogga

Vancouver- based GT Gold Corp.’s (TSX.V: GTT) stock is trading at $0.75 following an announcement of a major new discovery.

Australia’s mining sector pushing for revamped Trans-Pacific Partnership: Interview

MINING.com interviewed the Minerals Council of Australia CEO.

Chinese aluminum gushes onto world markets on Rusal supply fears

Aluminum prices jumped in April after the U.S. announced sanctions on Rusal, the top supplier outside of China.

Mining exploration spending in Australia jumps to 5-year high

Drilling at new projects up 57% as spending on gold exploration reaches 21-year high.

Lundin gives up on Nevsun after Zijin's $1.41 billion offer

Toronto-based miner said it doesn’t intend to amend any of the terms of its bid for Nevsun, but noted it would continue to pursue strategic growth opportunities.

Leaders in raising mining capital in 2017

Yancoal Australia was on top.

China's Western Mining to launch Qinghai copper smelter next month -chairman

Qinghai, which involved investment of 2.4-2.5 billion yuan, is undergoing test production and output will ramp up gradually after commercial launch.

China's CITIC to be Ivanhoe Mine’s top shareholder in $548m-deal

Transaction, which gives CITIC a 20% stake in the Canadian miner, has received all necessary approvals and it’s expected to close on Sep. 19

Zambia to trim budget gap; May be considering higher mine taxes

The Finance Ministry is targeting a budget shortfall of 6.5 percent of gross domestic product next year, compared to 7.4 percent this year.

Copper deal day hits with a flurry of M&A for the hottest metal

“Everyone loves copper and everyone wants to buy it” has been this year’s mining mantra. Today the ball started rolling.

World’s biggest miner speeds hunt for copper assets, buys stake in SolGold

BHP will gain access to SolGold's Cascabel project, in northern Ecuador, believed to have the potential to become one of the largest copper-gold assets ever discovered.

China’s Zijin to buy Nevsun for $1.41bn after Lundin takeover rejected

The Chinese gold and base metals producer will give Nevsun Cdn$6 per share in cash, trumping Lundin’s C$4.75 a share bid launched in July.