Copper Mining News

Miner Boliden Q1 core profit tops forecasts

Operating profit fell to 2.05 billion Swedish crowns from 2.72 billion a year earlier, beating the 1.99 billion seen by analysts in a Reuters poll.

Miners in Congo face subcontracting limits under new rules

The new mining code that Congo passed last year confirmed that subcontracting in the mining industry will be limited to companies of which the majority of capital is held by Congolese.

Base metals give ground as manufacturing clouds darken

London Metal Exchange (LME) copper slumped 3% on Wednesday and has slid further to a three-month low.

Rio Tinto speeds up exploration at Winu copper find in Western Australia

Rio has so far drilled 24 holes at the site and will continue extensive drilling in months to come as part of its $250 million exploration program.

Tesla warns of coming battery minerals shortage

The electric vehicles pioneer is worried about the effects of booming demand for EVs will have on the supply of minerals needed to manufacture rechargeable batteries.

Hudbay Minerals settles board battle with shareholder Waterton

Canadian miner will elect 11 nominees of Waterton Global Resource Management, its second largest shareholder, as part of the settlement that ends a long-dragged out battle over control of Hudbay.

Automation overhaul at Matsa’s Spanish copper mines

RCT has finished a major automation project at Matsa Resources’ Aguas Teñidas and Magdalena mines in the Huelva province of Spain.

Ivanhoe appoints former Kinross CFO Giardini president, CEO to retire

Ivanhoe Mines has appointed former Kinross CFO Tony Giardini as its new president.

Ivanhoe Mines CEO to retire in June

Lars-Eric Johansson plans to retire at the end of June after 12 years at the helm.

World Bank, Germany, Rio and Anglo set up "climate smart" mining fund

The World Bank is targeting a total investment of $50 million, to be deployed over a 5-year timeframe.

Gold Fields acquires 16% stake in Chakana Copper

One of the largest gold mining companies in the world has taken a shine to Chakana Copper and its Soledad project in Peru.

INFOGRAPHIC: Metals and minerals used in renewable power generation

Global demand for strategic minerals like lithium, graphite and nickel will skyrocket by 965%, 383% and 108% respectively by 2050, according to the World Bank’s updated 2018 projections.

GFG to spend up to A$100m on Australian copper, iron ore developer

GFG is building up a South Australian franchise to its global steel and energy business.

Ridgestone Mining finds two types of mineralization at Mexican gold-copper project

Rebeico sits on Mexico’s famed Sierra Madre Gold belt, credited with production of over 80 million ounces of gold and over 4.5 billion ounces of silver.

Chile's Codelco kicks off underground mining at Chuquicamata

More than 8,000 tonnes of ore have already been extracted since early April.

Rockridge hits high grades at Knife Lake

The Knife Lake property was extensively explored from the late 1960s to the 1990s, with the last documented work program completed in 2001.

Cobre Panama makes initial 25 tonnes for First Quantum

The project is on track to deliver between 140,000 and 175,000 tonnes in 2019.

China's metals imports robust despite macro doubts

Industrial metal markets are taking a breather as they await tangible evidence that China's latest stimulus package is feeding through to a flagging manufacturing sector.

Environmental group alleges Northern Dynasty misled investors about Pebble project

A flood of stock promotion newsletters began recommending Northern Dynasty, one describing it as "Trump’s Gold."

Chile manufacturing output rose 1.3% in March, copper output down

The slight increase in manufacturing production was driven primarily by a year-on-year increase in the production of machinery and equipment.

Glencore lowers 2019 production forecasts for copper to oil

Glencore cut its full-year copper-output goal by about 3% and lowered production targets for other commodities from nickel to oil.

First Quantum surprises investors with early release of earnings

While the adjusted per-share earnings beat the average analyst estimate, revenue came in lower than expected and copper production fell 5.8% from a year earlier.

North American Palladium expands Sunday Lake with best drill results

Recent drill results include 3.22 g/t platinum, 2.08 g/t palladium, 0.23 g/t gold, 0.57% copper and 0.19% nickel over 41.2 m.

UK regulator drops big companies from responsible-payment list

Five firms, including BHP, were removed from the Prompt Payment Code, an initiative to speed up settlement of invoices owed to suppliers.

Jiangxi Copper Q1 profits dip 3.1% year-on-year on lower prices

The company plans to raise production of copper cathodes by 1.4% this year to 1.44 million tonnes.