The deal would also include ZCCM-IH dropping a $1.4 billion legal claim against First Quantum over a loan the company received from Kansanshi.
Copper Mining News
Executives, investors and government officials met in Cape Town at the African Mining Indaba, the continent’s biggest gathering of one of its most essential industries.
Shares in the company lost a fifth of their value on Friday as investors were sceptical of its foreign subsidiary Cairn India Holdings’ $200 million investment in the diversified miner.
Copper particles and bioactive glass seem to be a winning combination.
A key asset is the Oyu Tolgoi copper project in Mongolia, which will partially diversify the miner's earnings away from iron ore.
Chinese manufacturing shrinks at fastest pace in almost three years.
The entire wellfield – 41 production wells and 22 compliance wells – should be complete by July this year.
Zambia, Africa's No.2 copper producer, introduced a new 10 percent tax when the price of copper exceeds $7,500 per tonne.
Production of cobalt, used in batteries for EV's, reached 42,200 tonnes in 2018 while copper hit 1.453 million tonnes.
EBITDA will be down by about $148 million.
Paul D. Mitchell has been named the new EY global sector leader for mining and metals.
"A First Nations' voice to parliament is a meaningful step towards reconciliation," BHP Chief Executive Officer Andrew Mackenzie said.
Miner has unveiled plans to make an all-share offer for Cornerstone Capital Resources, a Canadian firm that has a 15% interest in SolGold's coveted Cascabel copper-gold project.
First Nations, industry, government are collaborating to progress mineral exploration and mining in northwest British Columbia.
The layoffs were necessary to combat rising costs at the mine, Anglo American said in a statement.
The company is currently drilling close-spaced holes at the new discovery to better understand its controls and orientation.
Harings takes over at Aurubis on July 1, replacing current CEO Juergen Schachler.
Miner missing in Rudna mine is alive!
SNC-Lavalin Group Inc. won’t reveal the location of a “serious problem” in its mining business that fueled an epic share rout on Monday.
And that's all the way to 2050.
The miner alleges breach of fiduciary obligations, abuse of trust, theft, and fraud.
Company has signed a socio-economic agreement with the government of the Northwest Territories.
Some of BC’s largest copper and gold deposits are porphyries.
The number of electric vehicles will increase 1,389% – to 125 million from three million – by 2030.
The current program is planned in two phases totaling about 5,000 metres.