Copper Mining News

BHP Escondida mine workers in Chile start new wage talks

The Anglo-Australian miner has until mid-June to respond to the union's demands.

Peru's Buenaventura seeks deal with Southern on copper project

The two companies jointly own the Coimolache mining company in Peru, and are both junior partners in large mines in Peru controlled by U.S.-based companies.

Need junk? Scrap-metal dealers hunting users after China ban

In early May, China implemented a 30-day ban on all scrap-copper imports, part of wider limits on all sorts of imported waste.

Mongolia listing boosts investors confidence in Erdene Resource

The Halifax, Nova Scotia-based miner also said it had launched an offering of common shares to Mongolian residents, as well as a concurrent non-brokered private placement, which in combination are expected to raise up to $4.4 million.

Miners threaten Congo with legal action over mining code

Regulations to implement the new code are due to be signed into law next week.

Electric vehicles on the road to triple by 2020 — IEA

The number of electric cars, including battery-electric, plug-in hybrid electric and fuel cell electric passenger light-duty vehicles, increased by 57% in 2017 from the previous year.

Here’s what miners are getting wrong when it comes to digital transformation

While the global mining industry is quickly becoming more digitally mature, that transformation continues to focus on productivity and profitability, rather than on much needed innovation, a new study shows.

Biggest electric vehicle battery IPO valuation cut in half

Time to curb your enthusiasm about the electric vehicle boom and surging demand, prices for lithium, cobalt, nickel, rare earth and graphite?

Miners warn Congo it faces $3bn revenue loss over new law

The mining companies insist the government reinsert a stability clause, present in the former code.

Copper supply shock hits India as top plant ordered to close

About 13 people died at the site last week after police opened fire as locals protested against alleged pollution. 

Avanco axes Brazil copper mine production over truck drivers strike

The company had warned last week that operations at the open pit mine would be affected by the strike, as fuel and consumables failed to be delivered to site, while road blocks on highways prevented sending output to port.

Newmont sells its royalty portfolio to Maverix Metals for $17 million, stake in the junior

Other than cash sum, the US miner is receiving 60 million Maverix common shares, representing a 28% stake in the Canadian company and warrants for an additional 10 million common shares.

Early stage projects are located in mining-friendly jurisdictions

Worldwide there are over 30,000 exploration projects.

Billionaire's battered miner may face investor, political unrest

A combination of bad news across its operating industries has made Vedanta one of the biggest losers this year among the 10-member S&P BSE India Metal Index.

Vedanta’s troubles worsen as Indian state orders permanent closure of smelter

Deadly protests last week over alleged pollution from the Tuticorin smelter have prolonged a shutdown of the 400,000 tonnes-a-year operation. This time it seems to be forever.

China metals companies trade on Shanghai exchange's new platform

It will expand to include more commodities, including zinc, lead, nickel, tin and silver, in the next step.

Canadian junior Millbrook aims to lead Cuba's mining pack

In late April, Millbrook Minerals became the first copper-zinc explorer to sign an International Economic Association (IEA) contract with Cuba's GeoMinera, becoming the first Canadian firm to sign a deal with the Island since the mid 90’s.

Scientists one step closer to producing more efficient lithium-ion batteries

They deposited copper on the ion-bombarded graphite.

Vancouver miner expanding in under-explored area of Atlantic Canada

According to Labrador Gold, the Florence Lake belt is significantly underexplored for gold compared to greenstone belts elsewhere in the world.

Vedanta sticks with plan to expand Indian smelter despite deadly protests

A company executive says Vedanta is not looking to set up plant elsewhere.

Copper king's gender push rings hollow with all-male board

Codelco just achieved a new, less enviable mantle -- the only major mining company with an all-male board and senior management team.

Chile's Codelco profits up slightly despite rising costs

Codelco chief executive Nelson Pizarro said a strong copper price in early 2018 had offset the impacts of rising production costs.

Chile's Piñera taps businessman Benavides as Codelco chairman

Benavides had previously led Falabella, one of Latin America's largest retailers with operations spanning department stores, supermarkets, malls and more.

Distraction or disaster? Freeport’s giant Indonesian mine haunted by audit report

As follow-up to the audit, the environment minister issued two decrees that gave Freeport six months to overhaul management of its mine waste at Grasberg.