Copper Mining News

Copper tumbles on broad-based US selling

US copper futures shed almost 2% as investors continued to sell out of the commodities complex NEW YORK (Reuters) - U.S. copper futures shed nearly 2 percent of their value Tuesday morning, extending a retreat from the previous session's record peak as

US copper futures rally to record high

U.S. copper futures rallied 0.8 percent on the first day of trade of the New Year to a record 448.30 cent/lb ($9,883 a tonne), extending 2010's 33 percent gains on expectations of sustainable growth in top metal consumer China.

Metals Market Mania

by Drew Shaw Metals prices have been soaring, and gained steam after the U.S. government approved a two-year extension of Bush-era tax cuts this week, which had been set to expire. If you are an […]

VMS Ventures – Success in Potential Elephant Country

Volcanogenic massive sulphide (VMS) deposits typically occur as lenses of polymetallic massive sulphide and are major sources of zinc (Zn), copper (Cu), lead (Pb), silver (Ag) and gold (Au).

Rio Tinto unveals investment plans

“Tom Albanese, chief executive, Rio Tinto said: ‘We believe the first and best use of our strong cashflows and robust balance sheet is to invest in the excellent range of value-adding growth projects across Rio […]

ABB wins order for gearless mill drive systems for copper project in Kazakhstan

Aker Solutions awards ABB contract on behalf of Kazakhmys PLC for engineering, delivery and installation of three gearless mill drive systems, the first to be delivered in Kazakhstan. Read the full press release

China’s Emphasis on Construction Bullish for Long-term Growth

The full version of our analysis (with comments particularly valuable for Precious Metals Traders) is available to our Subscribers. In an earlier article we saw the might of China’s residential sector. An examination of the non-residential sector and […]

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