Copper Mining News

Philippines says open pit mining ban to stay put

Environment and Natural Resources minister Roy Cimatu also said there was no rush to make decision on suspended, closed mines.

Caterpillar in search of new CFO as Halverson to retire next year

Brad Halverson has spent nearly three decades with the mining and construction equipment maker.

Barrick Gold, Tanzania begin talks to resolve Acacia Mining dispute

The world’s largest gold miner hopes to reach an agreement over claims against its subsidiary and the country’s current ban on mineral concentrate exports.

Mining jobs in Canada to go begging: MiHR report

A torrent of retirements over the next 10 years is poised to wreak havoc on the mining labour market in Canada.

Teck's steelmaking business jumps from $52M to $785M in 2Q

What a difference a year makes.

Lucky Minerals allowed to explore for gold near Yellowstone National Park

The Vancouver-based company plans to explore an area located within the privately-owned St. Julian mine claim block

Codelco and Anglo American recognize Metso'scontribution to safety

Metso has been able to improve the safety of operations at both sites by developing and implementing innovative safety enhancements.

Indonesia closer to mining deal with Freeport, but hurdles remain

Some issues still need to be resolved before the U.S. miner gets a new operating permit for its huge copper mine.

Here’s how to avoid being caught in mining scams

These courses can help you identify and evaluate the risks involved in mining investments before it’s too late.

Batteries and renewables to start displacing gas in South Australia by 2025

Battery costs to fall 50% - beginning to compete with gas.

Copper price surges to 2-year high

Chinese data, tight supply light fire under copper price launching copper mining stocks higher – Freeport up 15%.

Caterpillar earnings beat estimates, shares hit five-year high

It now expects adjusted earnings per share to come in at $5, significantly higher than the $3.75 it had forecast just three months ago and almost doubled the $2.90 it had originally projected for the year.

Antofagasta, Barrick avoid Chile mine strike

Zaldívar produced 102,000 tonnes of copper in 2016.

Acacia Mining now hit with $190 billion tax bill in Tanzania

Shares collapsed on the news to close almost 21% lower in London. Barrick, which has a 64% stake in Acacia, also fell in both Toronto and New York.

Forest fires force temporary closure of two BC mines

A hot and dry summer in British Columbia has set forests aflame, and last week the effects of Mother Nature were felt by two prominent BC mines.

Glencore bets on copper with $21M investment in Brazilian producer

Glencore (LON:GLEN) has placed a multi-million-dollar bet on copper by investing just over US$21 million (GBP 16.16 million) into Brazilian copper producer Paranapanema (PMA).

Philippines plans new law to ensure responsible mining

Philippine President Rodrigo Duterte said on Friday the country's mining industry pays too little in tax and not enough in compensation for any environmental damage.

BHP $2.5bn expansion of Spence copper mine in Chile approved

Company will make a decision on the plan in August.

Tanzania officials question Acacia Mining staff in legal spat with Gov’t

Early reports claimed that Tanzania had asked foreign workers of the gold miner to leave the country, but a spokesperson for the company denied that story.

South Africa intends to suspend issuing mining rights

South Africa intends to suspend the granting of applications for prospecting and mining rights as well as any renewals pending a court case to review new mining laws, the Mineral Resources Minister Mosebenzi Zwane said on Thursday.

Price recovery sparks domestic Chinese copper, iron ore production boom

As steel production reaches all-time high Chinese miners pump out most iron ore since 2015 while refined copper output jumps 12% to highest in 18 months.

BHP to spend $277m to modernize Australian copper smelter

The smelter, one of the largest in the Southern Hemisphere, has been hampered by insufficient power supplies and maintenance work since a major power outage last year shut operations for two weeks.

Peru hit by nationwide mining strike; govt says situation ‘under control’

The indefinite labour action involves 56 unions, which are protesting a government’s proposed reform they see as "anti-workers".

British Columbia Ajax copper-gold mine rejected on doorstep

Kamloops city council has voted to oppose the proposed Ajax mine — again.

BHP iron ore output hits new record but copper production tanks

World number one miner's Pilbara mines produce 268m tonnes for the year, but strike at Escondida sees copper output slide 16%.