Copper Mining News

Of all things molybdenum could crash cobalt, nickel price party

New lab discovery uses molybdenum to solve problems of lithium sulphur batteries, doing away with nickel and cobalt for cheaper, lighter, safer technology.

Chilean miner Codelco says copper output, profit jumped in 2017

Chile's state copper company Codelco said on Thursday it produced 1.734 million tonnes of copper in 2017, its second highest output ever.

Miners ask Congo to introduce sliding royalty scale

The proposal, signed by companies responsible for 85% of the DRC's copper, cobalt and gold output, suggest that sliding royalties will give the government a higher share of revenues.

Grizzly wants to buy Robocop

Robocop is comprised of five mineral claims totalling 9,891 acres north of the Canada-US border.

Jiangxi Copper posts fastest annual net profit growth in 7 years

"We expect copper prices to hover around highs in 2018."

Kinross closer to making decision on reopening gold mine in Chile

Operations at La Coipa mine, located in in northern Chile, were halted in 2013, when the targeted orebody run out of riches.

Aura Minerals wants to reactivate projects under care and maintenance

The miner is working towards reactivating its Aranzazu and São Francisco gold projects in Mexico and Brazil, respectively.

Digging for cobalt riches: Congo races to fix a deadly problem

The man was digging a toilet in his backyard when his shovel struck a shimmering blue vein of cobalt... At least that’s the legend in Kolwezi.

Japan's JXTG raises profit forecast despite $1.2bn charge

The Japanese energy and metals company said the impairment loss at its Caserones copper mine in Chile was due to higher production costs.

Copper price: 120% premium for Brazil junior another bullish sign

Oz Minerals offers top dollar for Avanco which boasts top private equity players and Glencore as major shareholders.

Profit at China's Jinchuan International surges on higher cobalt, copper prices

Jinchuan posted net profit of $41.6 million last year, up from 8.3 million a year earlier.

Rio Tinto fully out of coal sector with $2.25bn Kestrel mine sale

Company has agreed to sell its 80% stake in the Kestrel mine to a consortium comprising of private equity manager EMR Capital and Indonesian coal company Adaro Energy.

Copper Mountain gains approval for $71m acquisition of Altona

The combination of the two companies will result in a mid-sized copper miner, with an expected annual production of about 73,000 tonnes of the metal.

Vedanta shuts protests-ridden copper smelter in India for 15 days

The maintenance activity, originally scheduled for April, comes amid media reports that thousands had taken to the streets and shut shops in Thootukudi to protest against the expansion of the smelter.

Canadian miner allowed to operate in Sweden

Gungnir's drill campaign would begin in the second quarter of 2018 with 20 diamond drill holes testing six target areas over a strike length of more than 8 km.

Congo's 2017 mining revenue up 36% while oil revenue doubles

Mining revenue in the fourth quarter more than doubled helped by higher prices for key exports such as copper and cobalt.

SolGold on a roll, confirms major copper-gold target at Ecuador project

Results from 11 of the 12 drilling rigs at its 85%-owned Cascabel copper-gold project, suggest there is much more intense mineralization in the property than thought earlier, the company said.

Two risks threaten commodities, one bullish, one bearish: Russell

The are two main factors that appear to be emerging that may threaten an end to the current quite rosy picture surrounding demand for commodities such as iron ore, steel and the metals most exposed to the battery boom, cobalt, lithium and nickel.

Workers at Chilean mine Escondida accept early contract talks

Failure to reach a labor deal caused a 44-day strike at the mine last year.

Companies now looking for electric battery metals in the garbage

Soaring cobalt and lithium prices are pushing some companies to dig for them in the recycle bin, which some believe could be even more profitable than mining them.

Codelco reaches agreement with professionals at Ministro Hales mine

The 36-month contract was approved by 75 per cent of the union.

BHP sees limited impact on steel market from US new tariffs -exec

"I think direct impact on steel is quite marginal because the United States is not such a big steel producer," said Arnoud Balhuizen.

As commodities roar, Africa wants bigger slice of mining pie

A lack of returns to governments is drawing a backlash from Mali in the Sahara to Tanzania on the Indian Ocean.

BMW mining deals shelved until EVs can be mass-produced

The German luxury vehicle maker said mass production of EVs is not viable until 2020 when its proprietary electric drive technology is expected to be profitable enough.

Guinea: Mining firms will remain key target for anti-government protesters

Anti-government sentiment is set to further escalate in the run-up to the legislative election in September, and mining firms are likely to experience even more disruption as many blame them for the state’s failure to contribute to their wellbeing.