Copper Mining News

Want to make money in industrial metals next year? Ask China how

Base metals were hot this year with zinc, copper and aluminum among leaders, climbing between 15% and 23%. What about 2018? Analysts say China will know.

Vancouver-based miner to expand operations in Ethiopia

East Africa Metals submitted two mining licence applications for sites located in the Tigray National Regional State, Ethiopia.

Electronic waste at new high, squandering gold, other metals-study

Raw materials in 2016 scrap worth an estimated $64.61 billion, including metals such as gold, silver, copper, platinum and palladium, U.N.-backed study said.

Aurubis sees focus on internal growth, still open to takeovers

Aurubis plans to make use of its expertise to expand processing of complex copper concentrates (ores) and scrap, CEO Juergen Schachler said.

Workers at Chile's Quebrada Blanca mine set to strike

Union at Teck Resources' Quebrada Blanca copper mine in Chile set to strike after contract talks mediated by the Chilean government failed to reach deal.

Zinc price dodges bullet

Top zinc producer Glencore's total output to dip next year despite restarting its Australian mine.

Shares in Toronto-listed Katanga Mining surge 50% on Congo mine restart

Glencore's Toronto-listed Katanga Mining subsidiary set to produce nearly a third of world's cobalt, as prices of battery metal more than doubles.

Copper giant Chile gears up for busiest year ever of wage talks

Chilean mines will negotiate contracts with 32 unions next year, representing about three-quarters of the country’s copper output, or about one-fifth of world production.

Glencore restarts Katanga copper mine, sees 150,000 T in 2018

Glencore said on Tuesday its Katanga mine in the DRC produced its first copper cathodes on Monday as it restarts after output was suspended in 2015.

Cobalt 27 spree sends cobalt price to fresh 9-year high

CEO Anthony Milewski: Cobalt 27’s stockpile of cobalt “is a way for investors to speculate on the price of cobalt, plain and simple.”

Small Canadian miners in pole position for electric vehicle battery boon

Canadian developers of cobalt and lithium mines stand to benefit from a round of investments from the makers of EVs and the batteries powering them.

Bitcoin contracts are still tiny in the world of commodity futures

“The bitcoin’s super-high volatility is not for everyone’s taste,” said Randy Frederick, vice president of trading and derivatives with Charles Schwab & Co.

Congo mines say revised code threatens industry's future

Monday, mining companies in the DRC said that proposed changes to mining code adopted by lower house of parliament would do lasting damage to investment.

Wisconsin to lift sulphide mining ban

In six months sulphide miners in Wisconsin could be back in business.

Iron ore, copper prices recover after record Chinese imports

November copper concentrate shipments to China hits all-time monthly high – annual iron ore imports set to easily surpass 2016's record 1 billion tonnes.

Tanzania-Zambia railway authority resumes transportation of copper

Friday, TAZARA resumed transportation of copper which had halted on Tuesday after unionised workers went on strike.

Mongolian Gov’t can’t nationalize Erdenet Copper Mine — court

Erdenet, which produces 530,000 tons of ore annually, is one of Asia’s biggest copper and molybdenum mines and a top tax contributor to the country’s $12 billion economy.

Chile’s Codelco hiring for underground expansion of Chuquicamata

About 150 workers will be pre-selected as a result of the process, which closes on Dec. 24. They’ll join the over 1,100 employees already working on the much-needed project.

Canadian federal court rejects Taseko's proposed $1.5bn copper-gold project

The federal court dismissed Taseko's applications for New Prosperity Mine, and ordered the company to pay court costs to the Tsilhqot’in First Nation.

Vedanta's Zambian arm to set up new processing plants

Vedanta Resources said Thursday its Zambian subsidiary KCM plans to set up new copper smelter, cobalt refinery and more under a $1 bln investment programme.

China's Tongling Nonferrous cuts copper output by 20-30 pct

One of China's top copper smelters has reduced production by 20-30 percent to comply with winter output restrictions, a company official said on Thursday.

Indonesia's Freeport-Rio plan masks longer-term issues: Russell

Proposed three-way deal between the Indonesian government, Rio Tinto and Freeport to clean up ownership of Grasberg 'ignores the wider picture'.

Biggest iron ore miner threatens to flood market if prices surge

Brazil's Vale is prepared to unleash as much as 50 million metric tons of spare capacity to balance the market if prices get too high.

Massive Oyu Tolgoi mine to more than double gold production in 2018

Rio Tinto-controlled Turquoise Hill is also predicting costs to fall about 2.8%.

Displaced by mining, Peru villagers spurn shiny new town

The remote town of Nueva Fuerabamba was built to house around 1,600 people who gave up their village and farmland to make room for a massive, open-pit copper mine.