Copper Mining News

Copper's art of the deal

The seeds of Tuesday's 4.6 percent copper slump -- the sharpest in almost three years -- were planted in a scarcely noted non-event earlier this month.

Vale expects to sell up to $1.5 bln in non-core assets through 2020

The Brazilian miner revealed these expectations in a presentation to investors in New York on Wednesday.

LME to deal clearing blow to new metals platform NFEx

The London Metal Exchange unlikely to provide clearing services for proposed new trading platform NFEx, a significant obstacle to the new exchange.

Suncor Energy begins regulatory process to add significant low-carbon power with cogeneration at its Oil Sands operations

To remain globally cost and carbon competitive, Suncor took first steps to replace coke-fired boilers with two cogeneration units at Oil Sands Base Plant.

This new model tracks copper use from cradle to grave…to reincarnation

Research also charts rapid growth of China’s copper use.

Newmont raises output target for 2018, lowers expected costs

The world’s No.2 gold miner is also planning to boost dividend by at least 50% next year, based on balance sheet improvements and the performance of its gold mines.

Tanzania-Zambia railway halts copper transportation after strike

The line is an important route for copper exports from Zambia and the Democratic Republic of Congo, Africa’s top copper producer.

Copper price plunges

Down 4.7% in worst one-day performance since July 2015.

Glencore, Canadian teachers launch mining royalty firm

BaseCore Metals will be independently operated and have its own board of directors.

Indonesia to grab Rio Tinto stake in Grasberg mine

After pumping billions into the Indonesian mine for almost 25 years, Rio might be able to see a decent return as the country’s government plans to acquire the miner’s 40% stake in the coveted operation.

Electric charge: Glencore bets big on car battery metals

Glencore has increased production of the metals used to make electric car batteries faster than its major mining rivals, according to an industry-wide analysis that shows the scale of a strategy that has big prospective risks and rewards.

5 early-stage lithium plays to capitalize on exploding EV growth

For the past two years the silvery-white metal has been a darling of the junior mining investment space, and for good reason.

Rio Tinto appoints one of its own as the company’s new chairman

After a nine-month search, the miner has picked the current leader of the remuneration committee, Simon Thompson, to assume the post in March 2018.

EPA passes on rule covering U.S. hardrock miners' cleanup costs

The agency won't act on a proposal to require hardrock mining companies to show they can afford to clean up their sites.

World's top copper miner wants CEO to stay to contain costs

“A lot of people including myself are promoting the idea that Nelson continues on as CEO for a couple of years if possible,” said chairman Oscar Landerretche.

Mining salaries ranked for geologists, metallurgists and the C-suite

Two-thirds of miners increase head count in '17

Canadian miner to survey property using Long Wave Infrared Imaging

Tasca Resources says the new technology is a significant advancement in exploration tools, particularly when it comes to developing potential exploration targets.

Union at Quebrada Blanca copper mine in Chile votes to strike

A union at Teck Resources’ Quebrada Blanca copper mine on Wednesday rejected a contract offer from the Canadian miner, increasing the likelihood of a strike.

Wind power inches up on hydropower in US

Wind turbines in the United States have grown in both average height and capacity over the past decade, according to data on utility-scale electricity generators collected by EIA

‘Miner's revenge’ is coming with electric cars, Friedland says

Surging demand for metals like copper, and cobalt for use in EVs promises to overturn balance of power between mining companies and their customers.

South Africa's Tharisa sets out 2020 growth vision

Miner announced record output of chrome and platinum group metals, also said it was seeking to diversify into EV materials.

Copper miners, smelters at stalemate over processing charges

China's smelters and international miners have not agreed to terms for next year's treatment and refining charges, likely prolonging negotiations into 2018.

Chile's Codelco plans environmental impact pricing for copper

Under the new terms, Codelco's copper cathodes will be certified in eight ways that take environmental footprint of production into consideration.

Indonesia expects 2018 deal with Freeport on giant copper mine

Indonesia expects to conclude deal with Freeport-McMoRan Inc. by February that will see the U.S. miner shed its majority ownership of Grasberg mine.

Robots will run mines within the next decade, Anglo says

Anglo is betting on technology, such as computerized drills, to increase productivity, cut costs and reduce environmental impact.