Copper Mining News
Production in the second-quarter of the year jumped 6.1% to 163,200 tonnes, as higher output at its Centinela and Antucoya mines mitigated declines at Los Pelambres and Zaldívar.
Vale announced an adjusted EBITDA of US$3.9 billion in Q2 with iron ore production of 96.8 tonnes and sales of 86.5 tonnes.
The ongoing trade war between the United States and China has forced the Chilean Copper Commission (Cochilco) to revise downwards its average copper price prediction by $0.06 per pound to $3.
Companies can now perform non-systematic drilling during the early exploration phase of their mining concessions and without requiring an environmental license.
Study released Tuesday by the Fraser Institute, British Columbia, Ontario and Quebec are the three main provinces where exploration permit processes have grown longer and less transparent over the past 10 years.
The smelter was shut down in May after 13 people died after coming under police fire during violent protests over alleged pollution.
"Not a typical financing vehicle for non-revenue generating exploration companies."
Labor negotiations at Chile's Escondida copper mine, the world's largest, are frozen without signs of progress.
The company was deemed not eligible for an automatic approval of its drilling permit for the Cerro Hermoso project.
Find the cobalt.
A union representing workers at Lumina Copper's Caserones mine in Chile said on Thursday that contract negotiations with the company had failed, paving the way for a potential strike.
Copper crashed through $6,000 a metric ton for the first time in a year and is headed for its biggest monthly drop since 2015.
From the $939bn invested in major projects between 2008 and 2017, the world’s top 40 mining companies by market cap. wrote-off $273bn or 29% of the initial capital outlay.
Copper’s slump amid a deepening global trade conflict offers a long-term buying opportunity, according to Citigroup Inc.
Major managerial shake-up at the state-run Jianxi Copper.
Shares in the miner jumped more than 3% after both quarterly and full-year production rose 3% on improved productivity.
Canadian researches came to such conclusion after spending years examining waterbodies located within five kilometres of abandoned mine sites.
Nobody who owns a copper mine wants to give it up. Even when Glencore and Anglo American Plc were crippled by debt during the 2015 commodity slump, neither was willing to entertain an offer from Rio for their holdings in the giant Collahuasi deposit in Chile.
Starting on July 30, the LME will start providing a set of synthetic monthly prices for the six main base metals — copper, aluminum, zinc, lead, nickel and tin.
The base metals producer said that, while it has not yet received a formal offer from Lundin, the bid announced Monday the bid ignores the fundamental value of the company and its assets.
South Africa’s mining industry is heading for the deadliest year since 2012 after six people died in an underground fire at Palabora Mining.
The possibility of a strike was talked about over the weekend.
A common target for the thieves is Antofagasta Plc’s logistics unit Grupo FCAB, which owns and operates about 700 kilometers of railway lines used to transport cathode and semi-processed copper.
Over 1,500 mining companies were operating in the South American country in 2016.