President John Magufuli has also ordered the mining ministry to freeze the renewal of expired permits.
Copper Mining News
The online marketplace, named Open Mineral, will let miners put up tenders for their concentrate directly to end-users.
The company may be able to begin developing the potential open-pit Century project in Ontario by 2023.
Workers at Zaldivar are set to vote on a strike this week, while supervisors at Centinela mine have already decided it, but expect a government mediation mechanism to extend negotiations for at least five more days.
The two new laws allow the government to force mining and energy companies to renegotiate their contracts.
A team of MIT researchers in the United States has shown that they can separate pure copper and other trace elements from sulphur-based minerals using molten electrolysis.
Base metals enjoy one of their best trading weeks of the year – nickel jumps 3.5%, zinc at highest since March.
Escondida, majority owned and operated by BHP, produced 97,103 tonnes of copper between January and March, down from 265,597 tonnes a year earlier.
The firms said it's also initiating consultations with its unions about the potential impacts on employees during this period of suspended production.
The Tanzanian government submitted three bills to parliament on Thursday that would allow it to force mining and energy companies to renegotiate their contracts.
After acquiring Goldcorp's 21% in San Nicolás, Canada's largest diversified miner will be the Zacatecas-based copper-zinc project sole owner.
Mining companies operating in Chile are examining restarting projects that were put on hold in recent years due to a copper price slump, the mining minister and industry executives said, though final investment decisions will wait until political uncertainty lifts after the November presidential elections.
Court did not provide details about its decision to dismiss the case; it just said most magistrates opposed hearing the lawsuit.
Both authorities and the Canadian miner company have officially ruled out possibility of finding them alive.
Accompanied by OT Watch and Accountability Counsel, herders in the South Gobi used the IFC’s complaint office to negotiate agreement.
Expansion opportunity comparisons for Africa have been likened to the growth stories of China or India at the infancy of their economic transformations
South Africa's Chamber of Mines has applied to a high court for an interdict to prevent the implementation of a new charter that increases the minimum threshold for black ownership of mining companies
Pala Investments Limited, a multi-strategy investment company focused on the mining and metals value chain, is pleased to announce the closing of its investment in Cobalt 27 Capital Corp. in connection with Cobalt 27's public offering of 22,222,225 common shares in the capital of Cobalt 27 on June 23, 2017.
Minerals company Cobalt 27 Capital Corp made its debut on Canada's Venture Exchange on Friday, raising C$200 million in a listing that offers investors exposure to cobalt, a key metal for batteries in electric cars.
Having climbed almost 64% since the start of the year, investor sentiment towards SolGold appears to be quite positive.
Chances of finding the missing workers alive are almost nil, they say.
Company says Grasberg copper mine is running as normal
Today, Chile is the world's top copper producer with 7 of the 14 biggest mines globally. But it wasn't always that way.
Thousands of mine workers at the Indonesian unit of Freeport-McMoRan Inc will extend their strike for another month to protest against layoffs, a union official said on Wednesday.
Although Chile has always been noted for its abundant mineral wealth, the country was actually not a notable copper producer even at the beginning of the 20th century.