Copper Mining News

CHART: Mining capex decline set to continue

Global miners have been cutting spending on new projects and expansions since 2012.

Death toll rises on Turkish mine cave-in as BBC journalist detained

It appears the Turkish government is attempting to suppress criticism of a mine disaster last weekend that killed 12 miners and left four still missing.

China to invest $1.3bn expanding Toromocho, its largest overseas copper project

Preliminary deal is part of a series of agreements signed this week that will see China pouring close to $5.3 billion into Peru’s mining and energy sector.

Dr. Copper hints mining sector officially out of intensive care

Prices for the metal soared again Thursday to more than $5,700 a tonne.

Ivanhoe Mines announces significant progress in upgrading the Kipushi zinc-copper mine in the DRC

"We are working hard to have the mine ready to restart production": Robert Friedland

Barrick Gold, IAMGOLD, Gold Fields, Avalon, and Antofagasta recognized for their leadership in renewables at Energy and Mines Renewables and Mining Awards

Mining companies were awarded and celebrated last night for their investments in renewable energy at a glittering awards gala and dinner in Toronto.

BCGold in a sweet spot in Peru

Bob Moriarty of 321 Gold highlights BCGold, a company that he believes its promising land package in Peru makes it a good buy in this market.

Rio Tinto sells Scottish aluminum assets for $410 million

With this deal, Rio has now agreed to more than $1.3bn in divestments this year.

The true benefactor of President Trump’s “America’s Infrastructure First” initiative

Trump plans on investing several-hundred billions of dollars into rebuilding and repairing infrastructure across the US.

Goldman bullish on commodities amid mining’s accelerating rally

Commodities are back in favour, boosting oil producers and miners after their annus horribilis of 2015.

Congo gets firmer grip on Ivanhoe’s Kamoa-Kakula copper project

Canada’s Ivanhoe Mines and joint-venture partner Zijin Mining have transferred a further 15% interest in their Kamoa-Kakula copper project to the DRC’s government.

US bans mining near Yellowstone national park

Authorities have blocked new mining claims on a 30,000-acres area north of the park for at least two years.

Canadian Gov't grants key licence for world’s largest gold project

The 25-year permit for Seabridge’s KSM is key for the construction, operation and maintenance of a water storage facility.

Teck Resources to buy Toronto’s AQM for $25 million

Move will give the Vancouver miner 80% ownership of Zafranal Peru copper mine project

Landslide in Turkey kills at least 5 miners, traps 11

At least five miners are dead and 11 are trapped after a landslide swept through a copper mine in southeastern Turkey.

Canada’s Quebec launches online tool to help suppliers win up to $50bn in contracts

Platform aims to help local suppliers bid for contacts related to the Plan Nord, a provincial initiative to invest about $1.3 billion in infrastructure and other projects over the next five years.

Greece grants permit to Eldorado Gold’s Skouries mine

Decision is expected to put an end to years of confrontation between the Canadian miner and the Greek government.

Miners increased spending positive, but far from reaching staff just yet

While most miners have managed to straighten the balance sheets, they have not began preparing to deal with a new looming risk —their ability to access workers with the skills needed in an upswing.

CHART: Trump $500 billion will do very little for global mining

Even if the US president-elect's massive infrastructure build-out plan makes it through Congress intact.

Of 22 banks polled NO-ONE sees copper price rally continue

New survey of analysts calls into question post-Trump surge with consensus forecasts pointing to sharp decline by year-end and continuing weakness in 2017.

Anglo's Los Bronces copper mine in Chile seized by protesters

About 100 hooded protesters have seized parts of the copper mine, Anglo American's biggest operation in Chile.

Congo state miner 'strongly opposed' to Lundin's sale of stake in Tenke

Gecamines claims it has pre-emptive rights to buy the stake as owner of the country’s mining titles.

Fleurette responds to Global Witness Congo royalties report

Israeli financier Dan Gertler's firm disputes report outlining purchase from Congo state-owned miner of royalty streams from Glencore-owned copper mines.

Seabridge Gold drilling supports expansion of deep Kerr Mine plan

Seabridge Gold today announced that results from the final three core holes drilled this year at Deep Kerr successfully filled in the gaps required to support a southern extension of the deposit.

Chinese tighten grip on Tenke mine as Lundin agrees to sell stake for $1.14bn

Canada’s Lundin, which owns 24% of Tenke, has finally agreed to sell its stake to a private equity firm from Asia’s richest nation.