Copper Mining News

Worker dies at Eldorado Gold Skouries project in Greece

Contractor employee was struck by a branch from a falling tree, resulting in fatal injuries.

US to extend ban on mining near Yellowstone national park

US Interior Secretary Ryan Zinke wants to speed up a two-year review of mining on more than 30,000 acres just north of the park.

Peru's Buenaventura seeks partner for arsenic copper project

The company plans to locate the installation next to its existing Rio Seco manganese plant in the Peruvian province of Huaral.

Freeport to yield control of giant Grasberg copper mine to Indonesia

The company has greed to reduce its stake in the Grasberg mine to 49% in exchange for licenses to operate the massive copper and gold pit until 2041.

Brazil to redo Amazon mining decree after criticism

Brazil's government will revise a decree that opened up a vast mineral reserve in the Amazon rainforest to mining responding to overwhelming criticism.

Copper price powers on but doubts are starting to creep in

Hedge funds' bullish bets set new record, but is the copper market "overreacting to short-term conditions and ignoring several warning signs"?

China's metals trade fragments into multiple narratives: Andy Home

China's metals trade figures were once a spotlight on the state of the world's manufacturing engine and price driver.

Glencore's Zambian unit says investments at risk due to power issues

Power has been restricted due to a dispute over new, higher tariffs.

Philippines to expand mining ban to watershed areas, ore exports

In an effort to receive more financial benefits from mining operations, the government's proposal will also require investors in the sector to get legislative approval before operating.

Copper price rally is only gathering momentum

Copper price jumps to near three-year high as likely impact of Chinese scrap metal import ban sparks another session of speculative buying.

OZ Minerals to build $700 mln copper mine in Australia

OZ would begin construction of its Carrapateena copper mine in Australia, the country's largest undeveloped copper project, which it estimated would cost A$916 million ($724 million).

COLUMN-COMEX copper stocks are at 13-year highs, and rising: Andy Home

COMEX stocks are the third, often forgotten component of the global copper inventory picture.

Congo H1 copper output up 15%, inflation to hit 52%-cbank

Copper output in Congo, Africa's top producer of the metal, rose 15 percent year-on-year in the first half of 2017 to more than half a million tonnes, and cobalt production surged 27 percent to almost 40,000 tonnes, the central bank said.

The base metal breakout – industrial commodities threaten their decade-long downtrend

Base metals are showing signs of real strength, with prices across the complex breaking out, or threatening to do so.

Trump to open parts of Utah National Monument to miners, oil firms — report

The monument, one of the 27 President Trump is taking a second look at, covers 1.3 million acres (about 5,260 square km), and it includes land considered sacred to Native Americans.

Brazil to let mining happen in Amazon area the size of Switzerland

The region, preserved as a national reserve for more than three decades, is thought to be rich in gold, iron ore, copper and other minerals.

Eager for red-hot cobalt gains, investors think small

Prices for cobalt, a key ingredient in lithium-ion batteries for electric vehicles, have spiked 83 percent this year.

BHP Billiton to replace two directors in board shake-up

Controversial director Grant King is stepping down, only six months after joining the company amid concerns among investors over oil investments.

Glencore's Zambian unit may shed 4,700 workers on power shortages

Mopani Copper Mines, Glencore's Zambian unit, said on Tuesday it may lay off nearly 5,000 workers due to a dispute with its electricity supplier over prices that has led to reduced power supply to its […]

Copper rally lifts Antofagasta’s profits — up 88% in first half of 2017

The miner believes a tightening global supply of copper will keep prices on the high-end of the spectrum this year and next.

BHP exiting oil and gas

After posting a fourfold rise in profits, world's number one mining company now "actively pursuing options to exit" its US oil and gas business bought for $20B six years ago.

Copper price rallies after Grasberg violence

Copper above $3.00 after former workers torch dozens of buildings, vehicles at Freeport's Indonesia operations blocking access to world number two mine.

Chile rejects divisive $2.5 billion Dominga copper-iron ore project

A committee of six ministers pointed to numerous flaws with the project, including severe impact to a Humboldt penguin reserve.

Canada's Ontario province to build roads into Ring of Fire region

The province first committed $1 billion to fund infrastructure into the chromite-rich area in 2014.

Giant Peru mine blockade lifted after state of emergency

Copper price rally cools after threat to global supply from top 5 Las Bambas mine is averted.