Copper Mining News

Peru’s copper output slightly up

The Ministry of Energy and Mines revealed that the country’s copper production rose by 5.42% in February

Chile’s Codelco sets up lithium subsidiary

The unit is expected to help speed up the approval of legislation that allows the exploration and exploitation of the country’s vast lithium deposits.

British scientists find sub-sea minerals treasure trove

They have found valuable minerals atop an underwater mountain, which is basically a huge flat-topped mound of some of the scarcest materials on Earth.

Copper production jumped by a million tonnes last year

But market was in small deficit according to study.

Iron ore, copper price plunge brings carnage to mining stocks

Worries about Chinese economy and rising tension surrounding North Korea brings fear trade to mining and industrial metals.

Alaska approves key permit for Pebble copper-gold mine, with conditions

Permit allows Northern Dynasty to work in the area for the next 12 months, but it includes requirements for state inspections, as well as an unprecedented $2 million guarantee as back stop for exploration clean-up.

BHP brands Elliott's overhaul proposals as flawed, costly

Activist investor Elliott's proposals to break up BHP are riddled with “major flaws” and could end up costing far more to implement than they would save, the company said.

Emu NL confirms gold and silver potential at its Vidalita project in Chile

Australian explorer, Emu NL, provides the following update on its drilling program on the Company’s Vidalita project in northern Chile.

South32 and GE enter digital transformation strategic partnership

South32 and GE today announced the signing of a three-year strategic partnership to assist in the development of South32’s technology roadmap and activation of the Company’s digital transformation.

Lead price boost as deficits set to widen

New report says despite a slowdown in China, falling mine production will push lead prices higher over the next five years.

Water scarcity, pollution to take shine off Latin American mining sector

In addition to raising costs for miners and delaying certain projects, the focus on the amount of water used by the extraction industry in the region will boost social pressure and anti-mining sentiment, experts say.

BHP Billiton to escalate defence from Elliott with Goldman’s help

Analysts expect BHP to argue that a demerged petroleum business would need to fund offshore growth projects by raising debt. It may also contend that a stand-alone division won’t have the same ability to defer production until oil prices improve.

BHP rejects activist fund Elliott urge to spin off US oil assets

Company says the associated risks of spinning off about $22 billion of its US oil assets and listing them in New York would significantly outweigh any potential benefits.

Top 10 copper mining companies in 2016

2016 highlights: a year of breakthroughs and setbacks

Buy precious, sell base (metals)…..

Precious metals expert Michael Ballanger explains why he believes base metals are overbought and precious metals, especially silver, are set to appreciate.

Rio Tinto to fight $447 million Australian tax bill

The amount is linked to what is known as “transfer pricing” between Rio Tinto’s Australian operations and its Singapore office.

BC mining financing dropped 40% in 2016

The mining industry still received 29% of the Canadian province’s top-grossing corporate financing deals.

Erdene Resource moving forward with flagship project in Mongolia

While the company had other projects in the country, the Bayan Khundii gold project went from greenfield prospect to being its main asset in roughly nine months.

Barrick confirms selling half of Veladero to Shandong Gold for $960 million

Deal will also see the two firms looking at jointly developing the nearby Pascua-Lama gold, silver and copper project and evaluating additional investment opportunities in the area.

‘Conflict minerals’ entering tech supply chains from countries beyond Africa — report

Tungsten, tin, tantalum and gold are now also being illegally extracted and traded at sites under the control of armed groups in countries including Myanmar and Colombia.

Escondida strike less damaging to Chile’s copper output than thought — report

Experts expect the country, which accounts for more 30% of the world's copper supply, to produce 5.4 million tonnes of the metal in 2017, slightly down from the 5.5mnt it yielded last year.

INTERACTIVE MAP: World's top 10 gold deposits

Together these giant orebodies contain reserves worth $796 billion at today's gold price.

BGM receives permit for mining on Barkerville Mountain

Barkerville Gold Mines Ltd. announces that it has successfully completed the permit amendment process required by the Mines Act (British Columbia), and has received the required permits to begin the development and mining of the Bonanza Ledge Deposit on Barkerville Mountain near Wells, British Columbia.

Newmont Mining reshuffles management in Australia

Newmont Mining Corporation has appointed experienced miner Alex Bates to lead the company’s business in Australia.

Beyond the Mine: Newmont publishes 2016 Sustainability Report

Newmont Mining Corporation today published Beyond the Mine, the Company’s annual report on its progress toward achieving its purpose – to create value and improve lives through sustainable and responsible mining.