Copper Mining News

Tethyan still hopeful Reqo Diq will go ahead

The operator of the $3bn copper and gold joint venture between Barrick and Antofagasta still hopes it will go forward despite a government threat to scrap it

Minera Los Pelambres continues to place its trust in Siemens: Gearless mill drives increase processing capacity for copper ore

Mining & Quarry World reports that since January 2010, Chile´s Minera Los Pelambres Ltda. is operating a new SAG mill and a new ball mill equipped with gearless drives systems by Siemens…more at Mining & […]

Cosira undertakes steelwork for construction of the new shaft at Konkola Copper Mines (KCM) in Zambia

Attached please find a press release on: Cosira, one of South Africa's largest fabricators of structural steel, has recently been awarded the contract for partially constructing the total structural steelwork for the new shaft at Konkola Copper Mines

MINERAL PROCESSING: Hydromet tested for Ferguson Lake ore

NUNAVUT – Starfield Resources of Montreal has asked SGS Lakefield Research to develop a hydrometallurgical process for recovering metal from the massive sulphide ore of its Ferguson Lake copper-nickel-cobalt project within the Hearne Domain of […]

Chilean mines back at full power but, refineries still down

Mines seem to have emerged largely unscathed by the 8.8-magnitude earthquake in the copper-producing nation and are back at work after stable power was supplied.

Chilean copper mines slowly resume operations as power supplies return

Despite the 8.8 earthquake and resulting power shortages, copper mines in central Chile have begun resuming operation. However, copper markets are still somewhat nervous.

Finning to supply mining trucks and support equipment to Ministro Hales copper mine, Chile

Finning International’s South American division has received a Letter of Intent (LoI) from Codelco that includes the supply of 20 Caterpillar 797 mining trucks and 15 pieces of support equipment, plus a ten-year maintenance and repair contract. The approximate value of the deal, including the maintenance services, is $400 million. The equipment will be delivered [...]

Bringing Sexy back to Mining

I was browsing through a daily newspaper today looking for mining stories. There was nothing. Actually that’s not true. There was something on page 28 of the H section, written almost completely in jargon by […]

New Gold Inc growing at the speed of light

New Gold Inc. is looking good these days (NGD.TSX,AMEX)… The company has been around forever, but it’s present day structure stems from a more recent three-way merger with Peak Gold and Metallica Resources. Today it has […]

Investors should seek out companies with prospective porphyry projects

Greetings investors! Goldbugs have long proclaimed that the world is running out of vast, easily-mined gold discoveries. That's not new. But you have to wonder, when average investors begin openly questioning how the big producers […]

Clive Maund: Unlock Profits with Technical Analysis

Source: Interviewed by Karen Roche, Publisher, The Gold Report 2/17/2010 Which camp are you in, inflation or deflation? While Mr. Market labors under the pressures of both and the burgeoning weight of artificial stimuli, […]

NICKEL-COPPER MINING: Shakespeare production begins

ONTARIO – URSA Major Minerals of Toronto has begun mining ore at its Shakespeare nickel-copper open pit mine 70 km west of Sudbury…..more at Canadian Mining Journal

CANADIAN MINING PERSPECTIVE: Auto Workers call for probe of Kidd plant closings

The Canadian Auto Workers (CAW) is calling for a federal and provincial probe into the planned closing of the Kidd copper smelter and zinc plant at Timmins, ON…..more at Canadian Mining Journal

Will Baluchistan Province expropriate Antofagasta/Barrick Reko Diq project?

Critics say the highly prospective Reko Diq copper-gold project should revert to full state-ownership to help Pakistan repay its $51 billion foreign debt, and put Pakistan's largest province on a sound financial footing.

Striking miners vow to not give up Cananea without a fight

In spite of a court decision favoring Grupo Mexico, which even the union's attorney has deemed to be final, striking miners say they won't give up the Cananea copper mine after a 2.5 year battle.

Karabashmed ZAO Plant Achieves Production Record

Ausmelt Limited is pleased to announce a record production performance of the Ausmelt TSL copper plant in Russia and congratulates Karabashmed ZAO on the achievement of 500,000 tonnes of copper production since the foundation of […]

Caution Reigns

From the February 2010 HRA Journal David Coffin & Eric Coffin, HRA Advisories The January market dip was focused on profits taking. Good results in various sectors brought selling, but not sell-offs.  It is evidence […]

Siddharth Rajeev: Recovery Signals Paler Shade for Gold

Source: Interviewed by Karen Roche, Publisher, The Gold Report 2/12/2010 As investment demand for gold-including its attraction as a preservation asset-diminishes in a recovering economy, Siddharth Rajeev, vice president of research for Fundamental Research […]

HOT TOPIC: Whither Kidd copper and zinc?

If Xstrata were forced to divest its Kidd metallurgical plants in Timmins, ON, rather than close them, could a... [Full Story]

Louis James: Sharpen Those Shoppertunistic Buying Skills

Source: Interviewed by Karen Roche, Publisher, The Gold Report 2/10/10 To borrow (and stretch) his metaphor from the healthcare arena, Casey Research Senior Editor Louis James sees the patient remaining in grave condition despite […]

First Quantum mine hit by major power outage

Copper production at Zambia's Kansanshi Mining company ground to a halt after a power line was vandalized

Grupo Mexico predicts growth in copper and other metals, reversing upward inventories trends

With the re-acquisition of U.S. copper miner Asarco, Grupo Mexico claims it is now the world's top company in terms of copper reserves.

The Dollar

When you get into a tight place and everything goes against you, till it seems as though you could not hold on a minute longer, never give up then, for that is just the place […]

Soaring Base Metals Stockpiles

Ever since its secular bull kicked off in 2003, the once-boring base-metals sector took on an aura of excitement.  What trader wasn't excited when copper, zinc, nickel, lead, and aluminum put together respective gains of […]