Copper Mining News

China hikes smelting, steel capacity cuts

Reuters Africa reports that China has ordered local governments to cut a total 2.04 million tonnes of aluminium, copper, lead and zinc smelting capacity in 2011.

Chile's copper workers on nationwide strike; Codelco says it will lose millions

The world's largest copper producer is shut down in a 24-hour strike that has the potential to cause severe losses for Chile's state mining company. Codelco says it could lose $41 million from today's strike

Chile copper mines brace for more bad weather

Reuters reported that two of the world's top copper mines braced for more bad weather in Chile's copper rich north, halting some operations or working under a contingency plan. Ms Bernardita Fernandez the mine operator spokeswoman said the world's No 3

Tiger Resources updates production on Kipoi Copper Project

Tiger Resources Limited announced a production update from its high grade Kipoi Copper Project in the Democratic Republic of Congo. Tiger?s first stage of production which utilizes a heavy media separation plant is tracking well to reach its targeted

Indico Mobilizes Drill Rig for Phase I Drilling at Ocana Project, Southern Peru; Defines Two New Copper-Gold Drill Targets and Expands Drill Program

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/11/11 -- Indico Resources Ltd. ("Indico" or the "Company") (TSX VENTURE: IDI)(OTCQX: IDIFF) announces that following a successful drill permit application process, a rig is being mobilized to the Ocana

Hana Mining Ltd.: Infill Drilling Still Continues to Encounter Thick Intersections of Copper-Silver Mineralization Along the North Limb of the Banana Zone (CCN)

AM VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 11, 2011) - Hana Mining Ltd. ("Hana" or the "Company") (TSX VENTURE:HMG)(FRANKFURT:4LH) is pleased to announce its most recent drilling results from the completion of 10 infill diamond drill holes in the

LME non ferrous trading climbs 16 per cent in H1 2011

LME non-ferrous trading climbs 16 per cent in H1, 2011 Read more : non-ferrous metals,ferrous metals,lme,commodity derivatives LONDON (Commodity Online): Non-ferrous trading registered a growth of 16% in volumes at London Metal Exchange (LME) t with 68.6

Buying copper as a safe haven

Heffernan Capital Management research indicates Copper is a viable inflation hedge and will have more upside than many other commodities. Many people invest in precious metal commodities such as gold and silver but not everyone considers non-precious

Zambia: Mining company seeks partners

Mining company, Sandulula Mining Ltd., is seeking technical and equity funding partners to develop mines in Zambia. Investment opportunity: Mining company, Sandulula Mining Ltd., is seeking technical and equity funding partners to develop mines in Zambia

Copper falls on Italy debt worries; supply in focus

Copper fell on Monday as concerns over Italy's sovereign debt curtailed appetite for risky assets, but a series of strikes in producer countries highlighted supply constraints and lent support to prices. Three-month copper on the London Metal Exchange traded at $9, 581 a tonne in official rings , down from the $9,661 close on Friday.

Avanco Resources [ASX: AVB] – High Grade Strike Length Doubles at Rio Verde

Avanco Resources (ASX: AVB) reports that drilling at the Rio Verde High Grade Zone ("HGZ") has increased the strike of the high grade mineralisation a further 150m to the West (ARVD-141). The HGZ remains open on strike and now exceeds 520m representing a

China's copper demand stages comeback in June, others falter

China's copper staged a strong comeback in June, but the outlook was marred by falls in a list of other key commodities, showing that Beijing's cooling measures were weighing on the economy.

World's largest copper producer faces strike

The world's largest copper producer, Codelco, is facing a 24-hour strike on Monday in opposition to a plan that workers say would move Chile's state-owned mining corporation toward privatization. The Federation of Copper Workers , which represents 15,000 of the company's 20,000 employees, called for the strike, which will be the company's first in 18 years.

Rising copper price trend – Aurubis

Europe's largest copper producer Aurubis sees a trend for rising copper prices thanks to higher demand for more electronics goods, its chief executive told a German paper. "Even if there may be short-terms price swings in either direction... demand for copper is rising with increasing prosperity in countries such as China," Bernd Drouven told Frankfurter Allgemeine Sonntagszeitung.

Rising copper price trend – Aurubis

Europe's top copper producer sees demand for copper rising as prosperity increases in developing nations foreshadowing a rising price trend. FRANKFURT (Reuters) - Europe's largest copper producer Aurubis sees a trend for rising copper prices thanks to

China copper imports up 10% in May on more attractive pricing

China's copper imports rose 9.9 percent from a month ago in June on the back of more attractive import prices, while shipments of key commodities such as crude oil, iron ore and aluminium fell, data from the General Administration of Customs showed. China's imports grew a surprisingly weak 19.3 percent in June from a year earlier, slowing from the 28.4 percent pace in May, reflecting softer domestic demand as a tighter monetary policy starts to bite.

Letter to Times Colonist: More rules not the answer for mining

Calvin Sandborn and Maya Stano raise some valid concerns regarding the current mining boom and suggest that regulatory reform and making more laws will help ("Province failing in inspections and enforcement to protect environment," July 2). Unfortunately, they failed to relate the progressive approaches being taken by the mining industry to achieve environmental protection.

Freeport's massive Grasberg copper-gold mine strikers call for Moffett

A strike paralyzing production at Freeport Indonesia's Grasberg mine, one of the world's largest sources of copper and gold, will extend into a second week after talks broke down between the company and workers, a union official said on Friday. The union, which represents 8,000 workers who have been on strike since Monday, asked U.S.-based Freeport-McMoRan Copper & Gold (FCX.N) to send Chairman James Moffett to the remote Indonesian mine to negotiate.

Metminco signs option agreement to purchase 100% of the La Piedra Cu-Au-Mo Porphyry Project in Chile

Metminco Limited (ASX:MNC) announced that its subsidiary intends to acquire the La Piedra project in Chile.

Investors pile into Bolero on news of Red Chris copper-gold area play

Since announcing plans to drill its Red Chris South property in northwestern BC, Tuesday, July 5, Bolero Resources' (TSX-V: BRU) shareprice has had quite the run. Trading volume spiked and investors pushed its shareprice from under C$0.25 to over C$0.50, as of presstime Friday afternoon.

Chile copper mines brace for more bad weather, halts some operations

Two of the world’s top copper mines Friday braced for more bad weather in Chile’s copper-rich north, halting some operations or working under a contingency plan, executives and union leaders said.

China confidence propels copper to 3-month high

Copper hit a three-month high on Friday as concerns about demand from top consumer China receded and supply disruptions reinforced expectations of potential shortages this year. However, traders expected subdued trading ahead of a monthly jobs report from the United States, the world's largest economy, later on Friday.

First Quantum Minerals Reports Q2 2011 Production of 64,500 Tonnes of Copper and 40,700 Ounces of Gold

VANCOUVER, BRITISH COLUMBIA - First Quantum Minerals Ltd. ("First Quantum" or the "Company") (TSX:FM)(LSE:FQM) today reported Q2 2011 production of 64,500 tonnes of copper and 40,700 ounces of gold. Production was affected by maintenance-related downtime

Peru creates additional retirement fund for miners

Peru's congress Thursday enacted a new law on Thursday that provides miners with an additional retirement fund funded by corporate profits and payrolls Peru's Congress enacted a law on Thursday that will create an additional retirement fund for miners

Codelco weighs bond sale for record $4 billion copper expansions

Codelco, the world’s largest copper producer, will seek to sell bonds within 12 months to help finance a record $4 billion investment in its Chilean mines next year, Chief Executive Officer Diego Hernandez said. The state-owned copper company probably will raise part of the investment in U.S. dollar-denominated bonds as well as using amortization and retention of profits, Hernandez said in an interview in Bloomberg’s Santiago office yesterday.