Copper Mining News

More than 10 firms in the running for Codelco's lithium assets — chairman

The state miner is seeking private-sector partners to develop and exploit its vast Maricunga and Pedernales deposits in the north of Chile.

Canada's 3rd largest mining IPO points to healthy investor appetite

Zinc major Nexa Resources up more than 12% since Friday's IPO.

London Metal Exchange in talks with online platforms

A source said the LME had made contact with established online venues Trayport and EBS, which are currently focused largely on energy and foreign exchange.

Glencore raises marketing guidance, lowers output

In third-quarter production report, Glencore lowered its output guidance for copper, zinc and coal but said full-year earnings would not suffer.

Electric cars yet to turn cobalt market into gold mine – Nornickel

Prices for cobalt metal, used in production of electric vehicle batteries, have tripled to nine-year peaks above $30 a pound from below $10 a pound in late 2015.

Top paid positions at Canadian mines

General managers average $212,790 per year at Canadian mines

Unit of Austria's Voestalpine seeks year-long cobalt deal in race for supply

Demand for cobalt is expected to soar in coming years as governments battle pollution and more electric cars are built.

Imperial Metals announces $5 million private placement from billionaire backer

Imperial Metals reduced metal production targets earlier this month.

Recovering global miners face fresh squeeze from rising costs

Mining companies, including Newmont Mining Corp, Teck Resources and Barrick Gold Corp, reported increased costs this week in their quarterly earnings.

Small mining companies shun London market after IPO flops

Lacklustre performances by small mining companies on the London Stock Exchange are driving rivals in need of cash to find alternative ways to raise capital.

Why did this slide wipe $1.3B from Teck's market value?

The wrong coal mix tanks shares in Teck Resources, Canada's largest diversified miner.

Teck Resources shares fall on weaker own coal price outlook

Teck expects larger proportion of coal sales in fourth quarter to be non-premium, reducing average realized price to about 85 percent of benchmark prices.

Quantum computing turning to copper

In order to store new quantum data that can be processed by quantum computers, scientists are exploring the possibilities that copper offers.

Copper prices fall

Among other geopolitical developments, the drop is attributable to investors getting calmer over the news that China's economic policy will see few changes in the near future.

Freeport says Grasberg stake to fall to 29% – shares dumped

Investors ignore positive third quarter results to focus on lack of meaningful progress in talks with Indonesia over future of giant Grasberg mine.

Antofagasta trims costs forecast as Q3 copper output rises

Despite the quarterly increase in net cash costs Antofagasta said the 2017 costs would be below the $1.30 per pound previously forecast.

Poland's KGHM chief sees high copper prices boosting earnings this year

"I think that the third-quarter results will confirm that the full-year EBITDA will be higher than last year," says KGHM CEO Radoslaw Domagalski-Labedzki

Juniors oppose Barrick’s plans to turn an old mine into a ski resort

"Barrick must be stopped!", a junior miner wrote.

Brazil congressional committees vote on reforms helping small miners

While an estimated 61 larger miners will pay more, about 30,000 smaller miners seen as larger job creators will pay less.

Philippines open pit mining ban could be lifted before year end

Mines minister says will follow new recommendations of environment regulator reviving projects like giant Tampakan, Silangan copper-gold mines.

Indonesia's Antam receives approval for additional nickel ore exports

Indonesia's PT Aneka Tambang Tbk received a recommendation from the mining ministry for an additional 1.25 million tonnes of nickel ore exports over the next 12 months, Chief Executive Arie Prabowo Ariotedjo said on Tuesday.

Xi's China a boon for mining

President Xi's enormous power means his pet projects like One Belt–One Road and Xiongan New Area will receive the full backing of the state.

UNEP urges mining companies to better manage tailings facilities

The agency is urging mining companies to put safety first and avoid erecting dams using methods that are known to be high risk.

Northern Miner's Progressive Mine Forum Livestream

Live round table discussions complemented by real-time interaction with the audience via social media, as well as commentary from industry leaders.

China's refined copper output highest since Dec 2014

Refined copper production was 774,000 tonnes last month, up 3.3 percent from 749,000 tonnes in August, according to the NBS data.