Copper Mining News

More good news for lead price as market tightens further

Chinese smelters' treatment and refining charges for imported lead concentrate slide to $20–$30 per tonne, more than $100 below last year's peak.

Chile expects moderate rise in copper price — mining minister

Increase won't enough to push price above $3 a pound for the entire year, Mining Minister Aurora Williams said on Wednesday.

Clean mining project shortlisted for $950 million Canadian gov’t funding

The CLEER (Clean, Low-energy, Effective, Engaged and Remediated) project focuses on water use, energy intensity and environmental footprint, with aggressive targets of a 50% reduction in each area by 2027.

About a third of global concentrates now registered to trade on this new exchange

Open Mineral Exchange has managed to attract mining companies and smelters wanting to cut out the middlemen and save cash on deals for concentrates.

Elliott tours BHP investors in renewed push for radical shake-up – sources

Representatives from Elliott have in the last month met with major BHP investors based in London, South Africa and Australia to lay out the activist fund's arguments for an overhaul of the miner.

Tensions between the U.S. and North Korea drive gold prices up

Gold prices finished higher last Friday and followed the upward trend on Monday, with December gold GCZ7, +0.67% rising to $1,283 an ounce.

Freeport pressed to give most of Grasberg copper-gold mine to Indonesia ASAP

Freeport agreed in August to divest a 51% stake in Grasberg to local interests in return for full operational control until 2041 plus fiscal and legal guarantees, but a final deal has still to be reached.

Plans to restart giant Bougainville mine stall as operating rights battle rages

Plans to reopen one of the world's biggest copper mines, shut by a civil war on the Pacific Island of Bougainville in 1989, have run into trouble.

Chile earthquake lights fire under copper price

Up more than 3% after quake near the city of Calama in main copper producing region of the South American country.

Barrick to pay $20 million to settle Pascua-Lama arbitration case

Lawsuit was filed last year after the miner halted payments due to a local group.

Mexico's mining sector to reach $17.8bn by 2020 on zinc prices, strong pipeline

Competitive operating costs and supportive government policies are also expected to play a key role in Mexico's mining industry strong recovery.

CHARTS: Mining's 2017 rally forecast to fizzle out

Consensus forecasts point to double digit declines for the platinum, zinc, copper and lead price by the end of the year, while coal is set to tank.

Robots under Swedish forest breathe life into ancient mines

Mining ihas been one of the last sectors to use a surge in computer processing power, cloud data storage and complex algorithms to make sense of huge amounts of scattered information - routine in today’s retail and manufacturing businesses.

Philippines confirms environment minister who supports open pit mining ban

Roy Cimatu, who replaced ousted ecologist Regina Lopez in May, has said he would review evidence brought forward by mining companies and communities before deciding whether to keep, modify, or reverse his predecessor's measures.

Glencore to spend $956M to increase stake in Peru's largest zinc producer

The company will pay between $531 million and $956 million depending on the offer's level of acceptance by Volcan shareholders.

Mandalay Resources mothballs Cerro Bayo mine in Chile

Operations have been suspended since a June 9 incident that flooded the mine, killing three workers.

Rio Tinto back on track to haul iron ore in driverless trains in 2018

Staff sitting hundreds of km away oversaw successful pilot run.

Mining Association of Canada adds new actions to address climate change

Members have committed to new actions to further enhance efforts in the climate change space based on recommendations from MAC’s independent Community of Interest (COI) Advisory Panel.

Project selection: An interview with Mickey Fulp

Mickey Fulp sits down with Maurice Jackson to discuss one third of his investment thesis which is focused on Project Selection.

Metal prices to lift Polish KGHM's Q3 results – CEO

KGHM Polska Miedz SA expects its third quarter results to be boosted by favourable metal prices and currency exchange rates.

Freeport at loggerheads with Indonesia over divestment-letter

The world's second-largest publicly traded copper company has issues with the proposed divestment plan, including valuation, timing and structure.

Botswana Diamonds soars on promising find at South African project

Sampling work at Ontevreden, part of the Vutomi joint venture, seems to prove the presence of high-grade kimberlite pipes.

World's largest coal miner looking to buy metal mines abroad

Coal India's plan to diversify into mining metals such as copper and nickel with no prior experience is being seen by analysts as a long-term strategy to firm up revenues, with no immediate results in sight.

Freeport can seek extension for Grasberg permit talks -minister

Indonesia’s mining minister said on Thursday that Freeport McMoRan Inc could request an extension of six months to renegotiate rights to Grasberg.

Petra Diamonds' shares sparkle as its solves labour disputes in South Africa

Company reached wage agreement with the main union at two of its mines in South Africa. Workers will return to work on Friday.