Copper Mining News

Still a way to go to achieve gender balance in the mining industry

According to the Responsible Mining Foundation, most of the companies assessed show little or no evidence of efforts to strengthen the gender balance of their leadership and governance teams.

Argentina expects $29B in mining investments in 2019

Mining has become the sixth most important sector when it comes to exports.

Aurubis lowers outlook on slower economy, shares slump

Aurubis now expects operating pretax earnings in its fiscal 2018/19 to decrease by more than 15% compared to the previous year.

Australian junior Aurelia goes after Glencore copper mine

Aurelia Metals is in talks with the Swiss miner and commodity trader about a possible acquisition of CSA underground mine, which produced 48,000 tonnes of copper concentrate last year.

Coal hurts Anglo American’s Q1 production, 2019 guidance unchanged

Production dropped 6% in the quarter.

Expect cascade of mining M&A — PwC's Braunsteiner

Recent mergers and acquisitions have brought the industry back into the spotlight, after years of speculation around how the sector could regain power, PwC's Canadian Mine report notes.

Freeport shares drop after quarterly profit misses expectations

The Phoenix-based company posted first quarter net income of $31m, compared with net income of $692m in the year-ago quarter.

Canadian miners start 2019 off on the right foot amid mega-deals

Ernst & Young’s Canadian Mining Eye index — which tracks the performance of 100 Toronto Stock Exchange and TSX Venture Exchange mid-tier and junior mining companies — rose 5% fin the January-March period.

Ivanhoe to fast-track DRC mine into production after CITIC invests $454m

This second major cash injection brings the Chinese miner's total investment in Ivanhoe to $1 billion, which gives the Canadian company the equity cushion required to build its massive Kamoa-Kakula copper mine.

First hybrid dump machine to cart copper at Codelco's El Teniente mine in Chile

Codelco is undergoing a 10-year, $40 billion overhaul of its aging mines, including efficiency upgrades to boost productivity and lower costs.

JPMorgan ends a three-year bullish call on Anglo American shares

After almost three years of rating the mining giant’s stock as overweight, JPMorgan downgraded it to neutral on Wednesday.

Top miners back autonomous systems guidelines

The document divides operations into six levels, from zero (entirely manual) to five (fully autonomous), and assists in the preparation of a business case for autonomous mining, depending on level and needs.

Antofagasta copper output rises as China fears threaten demand

The company's star in the first quarter was its Centinela mine, which produced 68,800 tonnes of copper, 45.5 % higher than 2018.

Noront updates progress at McFaulds No.8 VMS discovery

The company has completed a 2,059-metre copper-zinc focused program at the No.8 deposit.

Teck Resources beats profit estimates on energy business

The world's second-biggest exporter of steelmaking coal posted an adjusted profit of C$568 million ($425.12 million) for the quarter ended March 31.

LME gets tougher on companies with ties to child labour, corruption

The initiative could see it ban or delist brands that can’t prove they are responsibly sourced by 2022.

Aurania Resources receives C$3m loan from chairman, CEO

The chairman and CEO also participated in the company’s rights offering last month.

Japanese owner of Chile’s Caserones copper mine said to be mulling sale

Asked about it, however, JX Nippon Mining — the metal unit of JXTG Holdings — declined to comment, adding it was not something that has already been decided.

Anglo steps up defense to repel Agarwal's interest: Telegraph

Anglo American’s defense advisers are said to plan attacks on the quality of Vedanta’s portfolio compared to Anglo’s assets.

MMG’s Las Bambas copper mine threatened with new blockade

The Nueva Fuerabamba community is willing to organize a new blockade if the government doesn’t archive the criminal complaints filed against members of his community taking part in the protests against Las Bambas in Peru.

The $18 billion electric car bubble at risk of bursting in China

There are now 486 EV manufacturers registered in China.

Chile holds 2019 copper forecast at $3.05/lb

The price would be underpinned by a 208,000 tonne deficit in the global market for 2019.

Barrick says Kibali mine on track for another record year

The company achieved preliminary Q1 production of 1.37Moz gold and 106Mlb copper.

Billionaire's copper plant, job losses pressure a key Modi ally

In Tamil Nadu, a small breakaway group is attempting to make inroads in one district by promising to shutter a copper smelter run by mining giant Vedanta Ltd.

Barclays and Red Kite settle copper market dispute

Red Kite in 2017 sued Barclays for $850 million, alleging that the bank's traders were able to see the hedge fund's confidential trading positions on the London Metal Exchange.