Copper Mining News

First Quantum is said to offer $700m for Zambia mine

The deal would also include ZCCM-IH dropping a $1.4 billion legal claim against First Quantum over a loan the company received from Kansanshi.

Africa Mining Indaba: Dam safety, Zambia taxes, Ford on cobalt

Executives, investors and government officials met in Cape Town at the African Mining Indaba, the continent’s biggest gathering of one of its most essential industries.

Vedanta says Anglo American stake buy meets Gov’t criteria

Shares in the company lost a fifth of their value on Friday as investors were sceptical of its foreign subsidiary Cairn India Holdings’ $200 million investment in the diversified miner.

Copper makes it easier to treat bone infection

Copper particles and bioactive glass seem to be a winning combination.

Rio Tinto to remain strong despite difficulties—report

A key asset is the Oyu Tolgoi copper project in Mongolia, which will partially diversify the miner's earnings away from iron ore.

Copper price rally halted by Chinese factory surprise

Chinese manufacturing shrinks at fastest pace in almost three years.

Excelsior updates progress at Gunnison in situ project

The entire wellfield – 41 production wells and 22 compliance wells – should be complete by July this year.

Zambia fires CEO of state mining investment arm ZCCM-IH

Zambia, Africa's No.2 copper producer, introduced a new 10 percent tax when the price of copper exceeds $7,500 per tonne.

Glencore keeps 2019 guidance after copper, cobalt output jumps

Production of cobalt, used in batteries for EV's, reached 42,200 tonnes in 2018 while copper hit 1.453 million tonnes.

Teck Resources flags fourth-quarter profit coming below estimates

EBITDA will be down by about $148 million.

EY appoints new global mining and metals leader

Paul D. Mitchell has been named the new EY global sector leader for mining and metals.

Miners BHP, Rio urge permanent voice for First Nations in Australia's parliament

"A First Nations' voice to parliament is a meaningful step towards reconciliation," BHP Chief Executive Officer Andrew Mackenzie said.

SolGold wants to tighten grip on Ecuador project, buy out minority shareholder

Miner has unveiled plans to make an all-share offer for Cornerstone Capital Resources, a Canadian firm that has a 15% interest in SolGold's coveted Cascabel copper-gold project.

RMA cementing alliances in northwestern BC

First Nations, industry, government are collaborating to progress mineral exploration and mining in northwest British Columbia. 

Anglo American lays off 180 workers at Chile copper mine

The layoffs were necessary to combat rising costs at the mine, Anglo American said in a statement.

Ivanhoe drills Kamoa-Kakula’s best intersection to date

The company is currently drilling close-spaced holes at the new discovery to better understand its controls and orientation.

Copper producer Aurubis names Roland Harings as new CEO

Harings takes over at Aurubis on July 1, replacing current CEO Juergen Schachler.

Last missing miner rescued from Polish mine after tremor

Miner missing in Rudna mine is alive!

SNC’s mystery problem has analysts pointing to Chile after rout

SNC-Lavalin Group Inc. won’t reveal the location of a “serious problem” in its mining business that fueled an epic share rout on Monday.

US govt study sees electric car sales stuck in slow lane

And that's all the way to 2050.

Cordoba Minerals dealing with fraudulent transactions at Colombian subsidiary

The miner alleges breach of fiduciary obligations, abuse of trust, theft, and fraud.

Fortune Minerals commits to hire locally at Canada’s first primary cobalt mine

Company has signed a socio-economic agreement with the government of the Northwest Territories.

Rio Tinto on the lookout for BC porphyry deposit

Some of BC’s largest copper and gold deposits are porphyries.

Global energy transition powers surge in demand for metals

The number of electric vehicles will increase 1,389% – to 125 million from three million – by 2030.

Yorbeau resumes drilling at Scott project

The current program is planned in two phases totaling about 5,000 metres.