Copper Mining News

Ancash Region is Peru’s top copper and zinc producer

Although government revenue from Ancash's mining sector declined in 2010, Peru's Mines Ministry says the region remains Peru's foremost copper and zinc producer. RENO, NV - The Andean Region of Ancash is Peru's biggest copper and zinc producer, as well

South Korea tenders for copper and tin ingots

3,000 tonnes of copper and 200 tonnes of tin ingots sought by South Korea, says Public Procurement Service.

2011 financial meltdown fast approaching

Despite the best efforts by the American mainstream financial media, the eager PR division of the United States Dollar Ponzi Scheme, to paint the rosiest of rosy pictures for blindly optimistic readers, the stubborn image of a debt-swollen jobless behemoth economy slowly toppling persists.

Gold consolidation before the next move higher

I’ve been talking to subscribers this past week about the powerful move we’ve seen in US indices as of late and the recent pattern formed in the S&P which is a rarity. It’s the swiss steps pattern as shown below.

We’ll save our copper smelting project, says China’s Xinjiang Xinxin

Xinjiang Xinxin to pull out all the stops to meet environmental regulations and get government go-ahead to build copper smelter.

Looking Forward: 2011

In my yearly forecast letter last year, "Looking Forward: A Year In Transition," I expected the shape of 2010 to be up better than most expected in the beginning of the year, and tail off by the […]

FQM copper and gold production fall on Frontier mine expropriation

As expected, First Quantum's 2010 metals output suffered from the forced closure of its Frontier Mine by the DRC Government in its ongoing dispute with the Canadian miner. Canada's First Quantum Minerals (FM.TO) full-year copper production fell to

North American Palladium & the growing demand for PGMs

North American Palladium hit a new 52-week high of $7.62 so far this week, in part because the market has gone gaga for all things palladium. The company's shares had been showing support around $6.69 and resistance in the $7.45 range, but investors continue to push palladium-minded stocks higher in the belief that growing demand for PGMs, or platinum group metals, will continue to be ramped up.

Inmet, Lundin agree to C$9bn merger into Symterra

Two Canadian miners, Inmet and Lundin, have agreed to an all-share merger that will create Canada's second largest base and industrial metals mining company, Symterra.

Environmental assessment begins for Ajax copper-gold mine

The environmental review has begun for the proposed Ajax copper-gold mine 10 km southwest of Kamloops, BC, Canada. The project is being developed by a joint venture of Vancouver-based Abacus Mining & Exploration and KGHM […]

Chile's Codelco to invest $16bn 2011-2015

Chile's state copper giant Codelco will invest over $16-billion between 2011-2015 and expects copper prices to remain strong in the long-term, the miner said on Thursday.

Copper drops as mystery buyer keeps cover

The Sydney Morning Herald is reporting a drop in copper on the LME for the fifth straight session, after reaching a record $US 9754 a tonne during the first trading day of 2011.

Chile: Collahuasi finds alternative port for copper exports

Collahuasi endeavours to move towards lifting force majeure after last month's port accident, since using Antofagasta port for exports; manages to sell to Altonorte smelter. SANTIAGO (Reuters) - Chile's Collahuasi mine is selling most of its copper via

HudBay to pay C$397.5M for Norsemont

The cash and stock deal will provide the Canadian miner with access to a major copper deposit in Peru BANGALORE (Reuters) - Canada's HudBay Minerals Inc (HBM.TO: Quote) agreed to buy Norsemont Mining Inc (NOM.TO: Quote) to gain access to a major copper

Aker Wirth and Rio Tinto sign contract for part of Rio Tinto’s Mine of the Future™ program

On November 29 last year Aker Wirth and Rio Tinto signed a contract for the delivery and testing of the first Tunnel Boring System (TBS), which has been developed for Rio’s Mine of the Future program. The TBS embodies Aker Wirth’s innovative Mobile Tunnel Miner concept and will be tested at Northparkes copper mine in Australia. This [...]

Taseko says production at Gibraltar mine to rise in 2011

The group says the mine in British Columbia produced more than 90m pounds of copper in 2010 and that this number will increase once a bottleneck in the ore feed system is cleared Taseko Mines (TKO.TO: Quote) said on Wednesday that its Gibraltar mine in

Copper tumbles on broad-based US selling

US copper futures shed almost 2% as investors continued to sell out of the commodities complex NEW YORK (Reuters) - U.S. copper futures shed nearly 2 percent of their value Tuesday morning, extending a retreat from the previous session's record peak as

US copper futures rally to record high

U.S. copper futures rallied 0.8 percent on the first day of trade of the New Year to a record 448.30 cent/lb ($9,883 a tonne), extending 2010's 33 percent gains on expectations of sustainable growth in top metal consumer China.

Metals Market Mania

by Drew Shaw Metals prices have been soaring, and gained steam after the U.S. government approved a two-year extension of Bush-era tax cuts this week, which had been set to expire. If you are an […]

VMS Ventures – Success in Potential Elephant Country

Volcanogenic massive sulphide (VMS) deposits typically occur as lenses of polymetallic massive sulphide and are major sources of zinc (Zn), copper (Cu), lead (Pb), silver (Ag) and gold (Au).

Rio Tinto unveals investment plans

“Tom Albanese, chief executive, Rio Tinto said: ‘We believe the first and best use of our strong cashflows and robust balance sheet is to invest in the excellent range of value-adding growth projects across Rio […]

ABB wins order for gearless mill drive systems for copper project in Kazakhstan

Aker Solutions awards ABB contract on behalf of Kazakhmys PLC for engineering, delivery and installation of three gearless mill drive systems, the first to be delivered in Kazakhstan. Read the full press release

China’s Emphasis on Construction Bullish for Long-term Growth

The full version of our analysis (with comments particularly valuable for Precious Metals Traders) is available to our Subscribers. In an earlier article we saw the might of China’s residential sector. An examination of the non-residential sector and […]

Junior Companies Mine Their Own Business

Metals investors are used to seeing junior companies founded on a good idea and healthy amounts of hope. However, those times might be over as investors are witnessing an important shift in the market. A few juniors have decided to […]

New Indonesian Gold Mine Expected to Produce in 2011

Hong Kong-based G-Resources Group Ltd. (1051.HK) is on track to becoming a significant gold producer in Asia, with construction already started on the Martabe gold and silver mine in North Sumatra, Indonesia.