Copper Mining News

Vale resumes sale of remaining fertilizer assets in Brazil

A reworked sale process for plants located in the southeastern city of Cubatão was reportedly launched in recent days.

These 10 companies spend most looking for gold, copper

Majors and juniors swap roles in $7 billion a year mining exploration sector

Teck swings to profit in Q4 but misses expectations

The firm, North America's No.1 producer of coking coal, benefitted from the price rally — steelmaking coal climbed 155.5% to $207 in the quarter.

Northern Dynasty stock hammered by short-seller report

Shares in the Canadian miner behind the stalled Pebble copper-gold project in Alaska nosedived after a report branded the venture as “worthless.”

Striking workers at BHP’s Escondida mine accept Gov’t mediation

The meeting is not a return to mediation but an attempt to agree to return to the negotiating table, the union said.

Freeport halts Grasberg mine, begins sending workers home

The firm has not been able to ship copper from the mine in over a month due to a ban on concentrate exports that kicked in on January 12.

Glencore buys stakes in Mutanda and Katanga mines valued at $960m

Glencore is upping its presence in the African mining landscape through the purchase of stakes in two mines it already partially owns.

Weak finish for the Canadian Mining Eye Index in Q4 — EY

EY’s Canadian Mining Eye index declined 13% in the last quarter last year as weak gold and nickel prices offset copper and zinc gains.

Newcrest doubles first-half profit, to pay divvy

The miner attributed the good results to higher metals prices, increased gold and copper output and productivity improvements.

DR Congo’s perfect storm

A leaked White House memo, which outlines the suspension of a portion of the Dodd-Frank rule on ‘conflict minerals’, will exacerbate already high levels of violence in DR Congo.

Copper price surges on BHP force majeure

Copper hits 20-month high after world's number one miner says can't honour supply contracts from Escondida, responsible for 5% of global output.

Quebec pulls permits for Copper One’s exploration claims at Riviere Dore

The miner says the decision is clearly “abusive” and it evidences “an excess of jurisdiction,” reason why it will appeal the resolution.

Copper price drops despite outages at world's biggest mines

Strike at Escondida, export ban and smelter problems at Grasberg and community clashes at Las Bambas.

BHP to spend $2.2bn on US Mad Dog oil project

Expansion has the potential to increase production to 140,000 barrels of oil per day from the about 80,000 barrels it currently generates.

Goldcorp buys back gold stream on giant Chile project

Vancouver company pays $65 million cash for a 4% stream on El Morro deposit, half of NuevoUnion, its joint venture with Teck.

Southern Copper wants to shoot the lights out

World number five producer adding 600,000 annual tonnes in six years.

Rio Tinto logs first annual gain since 2013 on iron ore rally

Shareholders will be the main beneficiaries of the company's cautious approach to capital expenditure in the last three years as it will pay bigger-than-expected divvy of $1.70 per share.

Philippine miners say gov’t shutdown order ‘illegal’

Should the government go ahead with all the recommended shutdowns and suspensions, global supply of nickel will drop by about 8%.

Copper One, Quebec gov’t lock horns

The junior miner has begun proceedings against the Quebec Ministry of Forests, Wildlife and Parks (MFFP) in the superior court over a denied permit.

Taseko heads to court to try resurrecting New Prosperity 

Taseko Mines (TSX:TKO) is not giving up on its plan to build a large copper-gold mine in north-central British Columbia, despite two earlier rejections by the Government of Canada.

China plans to destroy an ancient Buddhist city to get the copper buried there

Two Chinese state-owned mining companies plan to destroy an ancient Buddhist city in Afghanistan in order to get the copper underneath it, according to a new documentary.

Canadian mining companies dominate 2017 OTCQX Best 50 ranking

The #1 ranked company was Cordoba Minerals Corp, a Toronto-based mineral exploration company, which had a total return of 466%.

Talks between BHP, Escondida workers to resume as Gov’t steps in

The company's request for government mediation effectively extends talks and pushes back the start of a potential strike to Feb. 13.

Freeport may curb Indonesia operations if Grasberg deal delayed further

Miner says that each month of delay in obtaining approval to export means production would be reduced by 70 million pounds of copper and 70,000 ounces of gold.

US mulls scaling back ‘conflict minerals’ rule

The US Securities and Exchange Commission is reconsidering the rule, which requires companies to trace and report whether their products contain minerals from a war-torn part of Africa.