Copper Mining News

China’s Zijin clears last regulatory condition for $1.4B Nevsun takeover

Chinese and Canadian authorities have approved the Zijin's bid to buy Nevsun Resources.

Colombian mining group says tax bill will attract foreign investment

The bill proposes a gradual reduction in taxes on businesses to 30% by 2022 as well as a new sales tax refund of 19% for capital goods such as machinery.

Winning Teck's copper mine prize may come down to more than cash

Teck, which owns 90% of Quebrada Blanca in northern Chile, is looking to sell a 30 to 40% stake to an outside investor.

Copper output to spike in world’s top producer Chile

Copper output in Chile, the world’s top producer of the metal, is expected to increase 4% in 2019 and continue to grow steadily during 2019 due to stronger performance from major mines, upgrades to existing operations, and lower risk of labour strikes.

Montana Resources uses high tech to solve bird problem

Since the mid-1990s, the company has run a waterfowl observation and hazing program at its 182-hectare Berkeley Pit but in late 2016, several thousand snow geese died at the toxic pit.

Iran to develop small-scale gold mines

The Hassan Rouhani government is kickstarting a program for the revitalization, activation, and development of the country’s artisanal mines.

Congo lifts export ban on Glencore's copper and cobalt unit

Katanga Mining and its Kamoto copper and cobalt mine is one of Glencore’s most important growth projects.

Lundin confirms job cuts at Chile's Candelaria copper mine

Canadian miner Lundin is cutting 106 jobs at its Candelaria copper mine "improve competitiveness and productivity", amid reports that workers had begun a 48-hour strike.

Barrick Gold eyes more copper assets in Congo – executive

Barrick Gold is interested in buying more copper mines in the Democratic Republic of Congo (DRC) - Incoming COO of Africa and the Middle East region

Teck to name partner in Chilean copper project in December

Canada’s largest diversified miner is also studying a Phase 3 for Quebrada Blanca, which would double the mine’s capacity to 600,000 tonnes of copper a year from the 300,000 it’s expected to achieve once Phase 2 is completed.

Volkswagen to spend $50 billion on electric car 'offensive'

German automaker is also considering involvement in battery production.

Vedanta sells copper concentrate from stockpiles at shuttered India smelter

The Tamil Nadu state disconnected the smelter's power supply in May following anti-pollution protests that turned violent and culminated in the police opening fire, killing 13 protesters.

Glencore's Katanga warns of earnings hit if Congo row not resolved

Although Katanga said that copper production was continuing as normal, it warned that its earnings would be affected if the dispute is not settled.

Chile trims its 2018, 2019 copper price forecasts

Cochilco lowered its average copper price prediction for this year by $0.03 to $2.97 per pound on Thursday in its second negative projection in six months.

Antofagasta approves $1.3B expansion of Los Pelambres mine

The company said the expansion, to start in early 2019, would add an average 60,000 tonnes of copper a year to its production over the first 15 years of operation.

Miners' spending on hunt for copper, EV metals hits $10 billion

Budgets jumped about 19%, outpacing last year’s gain.

Chinese copper smelters look to mine investment to secure supply

China is the world's biggest consumer of the metal but its own copper mine production has been stagnating amid a broad crackdown on pollution, exacerbating a heavy reliance on imports.

Electric vehicle revolution goes underground with mine truck

Swedish mining equipment maker Epiroc AB is aiming to electrify all its underground machines within five years.

Rio Tinto wants a piece of Teck’s copper project in Chile

Canada’s largest diversified miner has been looking for a development partner for the $4.8-billion extension of Quebrada Blanca copper mine in northern Chile.

Global cobalt glut won't be stemmed by Glencore Congo output stoppage

Disruptions to cobalt supplies in the DRC are not expected to eradicate a glut of the material used to make batteries for electric vehicles, thwarting hopes that prices can be boosted from their lowest since March last year.

Xiana pays Glencore $25 million for Chilean operation

The Vancouver-based miner acquired Altos De Punitaqui, a producing copper-gold operating company.

Ivanhoe Mines shares jump as it finds new copper-rich area in Congo

Exploration drilling at the Kamoa North prospect area, which forms part of the company's Kamoa-Kakula mining licence, has defined two new, continuous corridors of shallow and high-grade copper mineralization.

Tasca acquires Selish Mountain property in historic gold zone in BC

Tasca believes the historic exploration was solely focused on copper.

How much copper is in an electric vehicle?

Copper may not be the most prevalent material in Electric vehicles but it does go into the most critical parts.

Talon Metals tables PEA at Tamarack North

Tamarack North nickel-copper-cobalt project in Minnesota is expected to produce 23.3 million lb. nickel and 11.1 million lb. copper per year over a 7 year mine life.