Copper Mining News

Goldcorp reports net loss of $131 million in Q2

Guidance reconfirmed.

Antofagasta copper output up in Q2 despite Los Pelambres pipeline issue

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's Q2 capex reaches lowest level since '05

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.

Chile’s copper agency said US-China trade war to hit metal price

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.

Ecuador mining reforms good news for Lumina Gold’s project

Companies can now perform non-systematic drilling during the early exploration phase of their mining concessions and without requiring an environmental license.

Canada scaring mining investors with long, unclear permit processes

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.

Ground water in Vedanta's Indian smelter contains heavy metals

The smelter was shut down in May after 13 people died after coming under police fire during violent protests over alleged pollution.

Debt financing doubles

"Not a typical financing vehicle for non-revenue generating exploration companies."

Union at Chile's Escondida mine sees little hope for contract deal

Labor negotiations at Chile's Escondida copper mine, the world's largest, are frozen without signs of progress.

Miramont's project in Peru may affect Indigenous communities

The company was deemed not eligible for an automatic approval of its drilling permit for the Cerro Hermoso project.

How to close the loop on lithium-ion battery recycling

Find the cobalt.

Strike looms after breakdown in talks at Chile's Caserones copper mine

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 tumbles below $6,000 as China sends metals into freefall

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.

Miners wrote off almost one-third of investments over last decade

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.

Citi sees 'copper on steroids' as Trump slump masks shortage

Copper’s slump amid a deepening global trade conflict offers a long-term buying opportunity, according to Citigroup Inc.

Jiangxi Copper general manager and executives leave roles

Major managerial shake-up at the state-run Jianxi Copper.

BHP posts record annual iron ore output, beats Q4 forecasts

Shares in the miner jumped more than 3% after both quarterly and full-year production rose 3% on improved productivity.

Lakes, rivers near abandoned mine sites likely source of antibiotics

Canadian researches came to such conclusion after spending years examining waterbodies located within five kilometres of abandoned mine sites.

World's biggest miners want more copper but nobody's selling

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.

LME to launch monthly 'implied pricing' for base metals

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.

Nevsun passes on Lundin’s $1.4 billion fresh takeover bid

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.

S. Africa unions decry fatalities as six die at copper mine

South Africa’s mining industry is heading for the deadliest year since 2012 after six people died in an underground fire at Palabora Mining.

Chilean government wants conflict at Escondida to be over

The possibility of a strike was talked about over the weekend.

Copper trains ransacked by ‘Moles’ in full-moon desert heists

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.

Argentina releases mining census, made $1321 million in 2016

Over 1,500 mining companies were operating in the South American country in 2016.