Copper Mining News

Revitalised demand growth to buttress molybdenum prices

Healthy demand for molybdenum rich stainless steel, especially from the oil and gas industry, plus sluggish supply growth are expected to keep the price of this minor metal riding high.

Copper price bears are out as first surplus in six years predicted

Also adding to negative outlook – soaring global warehouse stocks, hedge funds bearish positions at 17-month high and subdued Chinese demand.

Caserones copper mine in Chile says to close copper concentrator

Caserones said in a statement the rest of the mine remained in operation.

Cradle Arc to boost copper output in Botswana from April

Copper producer Cradle Arc is increasing output to 12,000 tonnes per year at a Botswana mine it has restarted.

Murray & Roberts scores $313 million worth of new mining projects

South African engineering and construction group, currently subject of a takeover bid from Germany’s ATON, said projects were located in sub-Saharan Africa, North America and Australasia.

CHARTS: Mining rally running out of steam as copper price weighs

Cobalt, nickel still on the boil, but gloomier outlook reflected in copper price and fall in market value of top mining companies during first quarter.

Next phase at one Australia’s largest copper-gold projects gets OK’d

Permit allows Oz Minerals to start phase two of construction at Carrapateena copper-gold project, in South Australia, this month.

Japan's Mitsubishi Materials sees H1 copper output up 7 pct y/y

Japan's third-biggest copper smelter said it plans to produce 187,374 tonnes of refined copper during April-September.

Inomin acquires multi-mineral property in British Columbia

The 420-hectare property is located in the New Westminster Mining Division of southwestern British Columbia.

Investment in Africa’s mining sector to rise: BMI

BMI presents the recent changes to the DRC’s mining code as an example of a situation that challenges all the parties involved, but that is very unlikely to cloud miners’ interest in venturing in the country.

Codelco CEO to stay on after Chile’s new Gov’t reshuffles management

Nelson Pizarro, who took the post in 2014, has played a critical role in the drive to reduce spending and force a reduction in costs, while kicking off a major overhaul of Codelco’s aging mines to deal with dwindling ore grades.

Mongolia arrests ex-minister in Swiss graft probe — govt

A Mongolian former finance minister, Bayartsogt Sangajav, has been arrested as part of an investigation into suspected abuse of power during investment talks for the giant Oyu Tolgoi copper mine in 2009.

Chile’s recent coal phase-out decision claims first victims

French power company Engie SA is closing all of its coal-fired power plants in the country. It plans to replace the capacity with renewable energy.

Workers at Codelco's Radomiro Tomic mine reject contract offer

Earlier on Thursday, Codelco CEO Nelson Pizarro called on workers to show restraint and moderation in negotiations.

Of all things molybdenum could crash cobalt, nickel price party

New lab discovery uses molybdenum to solve problems of lithium sulphur batteries, doing away with nickel and cobalt for cheaper, lighter, safer technology.

Chilean miner Codelco says copper output, profit jumped in 2017

Chile's state copper company Codelco said on Thursday it produced 1.734 million tonnes of copper in 2017, its second highest output ever.

Miners ask Congo to introduce sliding royalty scale

The proposal, signed by companies responsible for 85% of the DRC's copper, cobalt and gold output, suggest that sliding royalties will give the government a higher share of revenues.

Grizzly wants to buy Robocop

Robocop is comprised of five mineral claims totalling 9,891 acres north of the Canada-US border.

Jiangxi Copper posts fastest annual net profit growth in 7 years

"We expect copper prices to hover around highs in 2018."

Kinross closer to making decision on reopening gold mine in Chile

Operations at La Coipa mine, located in in northern Chile, were halted in 2013, when the targeted orebody run out of riches.

Aura Minerals wants to reactivate projects under care and maintenance

The miner is working towards reactivating its Aranzazu and São Francisco gold projects in Mexico and Brazil, respectively.

Digging for cobalt riches: Congo races to fix a deadly problem

The man was digging a toilet in his backyard when his shovel struck a shimmering blue vein of cobalt... At least that’s the legend in Kolwezi.

Japan's JXTG raises profit forecast despite $1.2bn charge

The Japanese energy and metals company said the impairment loss at its Caserones copper mine in Chile was due to higher production costs.

Copper price: 120% premium for Brazil junior another bullish sign

Oz Minerals offers top dollar for Avanco which boasts top private equity players and Glencore as major shareholders.

Profit at China's Jinchuan International surges on higher cobalt, copper prices

Jinchuan posted net profit of $41.6 million last year, up from 8.3 million a year earlier.