Copper Mining News

Junior Companies Mine Their Own Business

Metals investors are used to seeing junior companies founded on a good idea and healthy amounts of hope. However, those times might be over as investors are witnessing an important shift in the market. A few juniors have decided to […]

New Indonesian Gold Mine Expected to Produce in 2011

Hong Kong-based G-Resources Group Ltd. (1051.HK) is on track to becoming a significant gold producer in Asia, with construction already started on the Martabe gold and silver mine in North Sumatra, Indonesia.

Anglo sells steel units to Australia’s OneSteel for $932m

Mining major Anglo American (Anglo) would sell its Moly-Cop and AltaSteel to Australian company OneSteel for $932-million. The two businesses, which are part of Anglo's Scaw Metals, make steel balls and rods that are used […]

China to spend $4.48bn on domestic mining exploration

China is boosting domestic minerals exploration spending in an effort to reduce the country's dependence on imports of iron ore and copper. Read more

Will a Residential Construction Bubble in China Weigh Down Industrial Metals?

The full version of our analysis (with comments particularly valuable for Precious Metals Traders) is available to our Subscribers. China is the world's largest consumer of copper, zinc and nickel and also among the leading consumers of […]

First use of Sinamics SL150 cycloconverters for grinding mills: Siemens to modernise ore mill drive

Canada’s Quadra FNX Mining has commissioned Siemens to modernise the drive in a SAG mill in its Robinson open-pit copper mine in Nevada, USA. Read more

Tan Khandaker: Hedging Strategies to Underpin Rising Gold Price

Tan Khandaker: Hedging Strategies to Underpin Rising Gold Price Source: Brian Sylvester of The Gold Report 10/27/2010 http://www.theaureport.com/cs/user/print/na/7717 Managing Director Tan Khandaker, of New York-based Khandaker Morgan, thinks gold hedging strategies by large funds will […]

Congo resolves dispute over copper mine

“Freeport-McMoRan, the US copper mining group, has resolved a long-standing dispute with the Democratic Republic of Congo over control of a vast copper mine by giving cash and shares to the government.

Reviving Codelco

“During last year’s election campaign, Sebastián Piñera, who became Chile’s president in March, often criticised Codelco, the country’s state-owned copper company, for its inefficiency, griping over its stagnant output and climbing costs.

Equinox Bids for Citadel Shares

“Zambia-focused copper producer Equinox Minerals Ltd. plans to leap into the top 20 of global copper producers with a 1.25 billion Australian dollars (US$1.24 billion) bid for explorer Citadel Resource Group Ltd.

Copper Talk

Copper’s talking up a storm.

Sumitomo Metal Mining Co. said copper ore mined from Chile, and shipped to Indonesia, will be in short supply for at least the next five years.

Antofagasta Plc, which owns three Chilean mines, said a scarcity will persist for “the foreseeable future.”

BHP Billiton Ltd. said production from Escondida in Chile, the world’s biggest copper mine, will drop as much as 10 percent in 2011because of lower ore grades.

Copper Talk

Copper's talking up a storm. Sumitomo Metal Mining Co. said copper ore mined from Chile, and shipped to Indonesia, will be in short supply for at least the next five years.

Gold Mining in Ecuador

By Dave Brown – Exclusive toGold Investing News Ecuador is largely reliant on its oiland gas resources, which have accounted for more than 50 percent of the country’s export earnings and one quarter of public sector revenues […]

China’s Effect on Copper

LME Week is an important tradition in the global metals industry calendar that takes place each year in London during the fall. This year’s event kicked off on Monday and the spotlight on industrial metals […]

Kazakhmys chairman offloads $1.3bn stake

“Vladimir Kim, chairman of Kazakhmys, has sold an 11 per cent stake in the London-listed Kazakh copper miner for $1.3bn in a transaction that could pave the way for the company’s secondary listing in Hong […]

MDM awarded Kinsenda copper project BFS in the DRC

Potentially one of the DRC Copperbelt's richest copper mines, Kinsenda is the subject of a Bankable Feasibility Study commissioned by Metorex and to be undertaken by MDM Engineering Group. Read more

Perilya announces binding pre-bid agreement to take over Globestar Mining

The all-cash offer values the Canadian listed miner, which among others holds the Cerro de Maimón copper-gold-silver project in the Dominican Republic at C$184m. Read more

Rio Tinto announces trial of a new tunnelling system partnering with Aker Wirth

The first of three new underground excavation systems is now ready for full scale performance verification trials at Northparkes’ copper and gold mine in the Central West of New South Wales in 2012. Read more

Outotec cooperates with National Development Corporation of Mongolia to develop Mongolian mineral deposits

Outotec has entered into cooperation with National Development Corporation of Mongolia (NDC) to conduct a conceptual study for a copper smelter to be located in Sainshand, Mongolia. NDC is a consortium of the largest Mongolian […]

Outotec to supply technology for a copper concentrator expansion in Iran

Outotec has been awarded an order from an Italian company IRASCO for the supply of technology for National Iranian Copper Industries Company's copper concentrator expansion located in Sarcheshmeh in Iran. The contract value is nearly […]

Paragon Minerals Corporation (TSXV: PGR) – Issuing Recommendation; VMS Base Metal Discovery in Producing Belt; Joint Venture Gold Projects with Growth Potential

Investment Highlights Paragon Minerals Corporation (“Paragon”, “the company”) is a TSX Venture listed junior exploration company focused on the recognition, acquisition and development of quality gold and base metal resources. The company has a quality portfolio […]

India court orders closure of Vedanta smelter

“Vedanta, the London-listed company founded by billionaire Anil Agarwal, has suffered a fresh blow in India, where a court has ordered the immediate shutdown of its massive copper smelter in the south, citing violation of […]

Mukuba is in the Zambian Copperbelt

As a general rule, the most successful man in life is the man who has the best information The Republic of Zambia (plus 12 million people) is a landlocked country in Southern Africa covering 752, […]

Gold Fields CEO says Philippines "definitely opening up" to major mining companies

As Gold Fields announced this week it would invest $120 million to determine if the company should acquire a 60% interest in the Far Southeast gold-copper deposit, Gold Fields CEO Nick Holland noted "the Philippines […]

ABB commissions the most powerful gearless mill drives ever built

ABB, the leading power and automation technology group, has commissioned automation and power equipment that increases production at Boliden’s Aitik copper concentrator plant, located near the town of Gällivare in northern Sweden. Read more