Copper Mining News

Hedge fund sues Barclays Bank for £650M over alleged copper market rigging

Red Kite, the largest metals hedge fund in the world run by UK Conservative Party donor Michael Farmer, is alleging that Barclays Bank attempted to rig the copper market through insider dealings with the London Metal Exchange.

China's Jinchuan eyes new nickel, cobalt project to tap electric vehicle boom

China’s top nickel producer, will next year start building a new project in Guangxi that will produce raw materials for electric vehicle (EV) batteries, its chairman said, looking to tap the sector’s “explosive” demand.

Rio Tinto wants out of Grasberg now

New report says Rio talking to Indonesian groups to sell interest in giant copper, gold mine – Freeport still at loggerheads with Jakarta about stake sale.

Shares in Quebec junior surge on Michigan reserves update

Highland Copper jumps 18% after announcing a 46% increase in resources at its Copperwood copper and silver project in Michigan's Upper Peninsula.

New tool helps industry collect and share geoscience data

PDAC gearing up to launch Exploration Assessment Digital Data Formats guidelines, a practice expected to improve Canadian mine exploration discovery rates.

Southern Copper to resume Tia Maria project in Peru as permit imminent

Peruvian government is expected to issue a long-awaited construction permit for the mine in the first quarter of 2018.

Acacia Mining takes further revenue hit, reviews Barrick-Tanzania deal

Chief Financial Officer Andrew Wray said the company doesn't even have the ability to make the upfront $300 million payment Barrick has promised to the government of Tanzania as part of a deal reached Thursday.

Canadian company announces plan to open cobalt mine, refinery in east Idaho

Total initial capital cost is estimated at $187 million with additional sustaining, reclamation and closure costs of $101M totaling $288 million.

Barrick to give Tanzania stake in mines, $300 million to end dispute

The deal does not mean Tanzania will immediately lift the demand for Barrick's subsidiary Acacia Mining to pay $190 billion in allegedly unpaid taxes.

Canadian Mining Hall of Fame welcomes four new inductees for 2018

Bob Gannicott, Ross Beaty, Terry MacGibbon and Ed Thompson to be honoured at 2018 CMHF annual dinner and induction ceremony.

Chile's Cochilco boosts copper forecast to near $3 per pound in 2018

It expects an average global copper price of $2.95 per pound in 2018, a sharp upward revision from its mid-year estimate of $2.68, due to greater demand in China.

BHP's copper production up sharply, iron ore down

Fire shrinks Mt Whaleback iron ore production, but output at world's largest copper mine Escondida in Chile jumps 23%.

China’s plan to upgrade its industry by 2025 could increase copper demand by 232,000 tonnes

The Chinese government’s Made in China 2025 initiative will have a significant impact on copper demand in China, according to new research commissioned by the International Copper Association.

Rio Tinto declares force majeure at Kennecott following fatal accident

Rio Tinto production of refined copper at the Utah-based division has been halted since Oct. 8 after a worker was exposed to sulfur dioxide gases at the plant. The employee died two days later.

Copper price: Rio slashes production guidance

Delayed ramp-up at Escondida, mine sequencing at Kennecott.

Copper price soars to highest since February 2014

Strength of Chinese economy continues to surprise as country's leaders gather to set out economic goals.

Car manufacturers are electrifying copper, “The metal of the future”

As many of you know, copper is often seen as an indicator of economic health, historically falling when overall manufacturing and construction is in contraction mode, rising in times of expansion. That appears to be the case today.

Investors pile into Peru’s $2 billion Michiquillay copper project

Companies have until Nov. 2 to sign up for the auction and the winner will be announced on Dec. 20

Philippines' Duterte lifts suspension on gold miner Lepanto

Lepanto was among more than two dozen companies ordered halted by a sacked minister who led an environmental crackdown.

Aussie copper explorer vaults 33% after selling key project

Investors in Queensland Mining (ASX:QMN) got an unexpected surprise Monday morning after the company announced Friday it was selling its White Range copper, gold and cobalt project.

Penguins put $2.5 billion mining project in Chile on ice

A waddle of penguins has stopped a $2.5bn (£1.9bn) mining project in Chile.

Zambian villagers can sue Vedanta in the UK-London's Court of Appeal

London's Court of Appeal opened the way for nearly 2,000 Zambian villagers can pursue a claim for damages.

Arizona's first copper mine in more than a decade one permit away

No appeal against Vancouver-based Excelsior Mining's state operating permit for its Gunnison project in Cochise County.

Mitsui to build desalination plant for BHP’s Spence copper mine in Chile

The project will be the Japanese company’s first desalination plant and it is estimated to require an investment of around $623 million (70 billion Yen).

Tanzanian troubles drag down Barrick's production

World's number one producer still confident it will meet 2017 production guidance.