Copper Mining News

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.

Report: DRC signs over $880m royalties to president's friend

Global Witness: Royalty stream from Glencore's KCC copper-cobalt operation transferred to offshore company controlled by Israeli billionaire Dan Gertler.

What happens now?

Markets hate uncertainty and (because of all those terribly inaccurate polls) Trump’s victory injected a whack of precisely that. But his calm response, amazingly, calmed the markets.

Chilean mining costs highest in the world, despite saving measures

Production costs in Chile, the world’s No. 1 copper producer, were 5.4% higher last year when compared to its global peers’ average.

Gold Reserve, Venezuela rework seizure settlement

Venezuela government given more time to come up with initial payment which has been halved to $300 million.

Warnings as copper price surge continues

After underperforming badly in 2016, copper is now firmly in a bull market with a 26% rise in just three weeks, jumping to a 17-month high on Friday.

Harmony logs record quarterly revenue, halves debt

The world's fifth largest gold miner increased production, had stronger cash flows and paid shareholders a dividend in the first quarter of its 2017 financial year.

Anti-mining groups force Hudbay to keep Peruvian operation suspended

Police are on the scene to maintain order, the firm said, adding that efforts continue to resolve the situation peacefully through talks.

Forget gold price. The real Trump rally is in copper

Industrial metals surge as US president elect vows massive infrastructure spending – budget could top $500 billion.

Major Aussie miners BHP, Hancock to mine in Ecuador — report

Ecuador began last month granting licences for new exploration areas, with over 300 of them to be awarded by the year-end.

Copper price: Don’t expect any 2017 fireworks

Copper market remains well-supplied.

World’s largest gold project just got rather expensive

Updated study shows it would cost $5 billion, or over 20% of Barrick Gold's current market value.

Copper price jumps to 6-month high

Underperforming bellwether joins industrial metals party.

Electric cars to reshape copper and oil demand

EVs could demand enough copper, other metals to dwarf oil market fallout: BHP

Canadian Gov’t throws $2M lifeline to Newfoundland copper-gold mine

Funding will help English junior miner Rambler to increase production at its flagship mine, Ming, located in the Baie Verte Peninsula.

CAT and Trimble to strengthen mining technology collaboration

As part of the deal, CAT is expected to become the primary sales, marketing, distribution and support channel for Trimble’s Connected Mine platform.

Glencore did better as commodity trader than miner in Q3

While output was down for most commodities it mines and sales, it has improved earnings forecast for its trading unit.

Fight for giant Congo copper mine heats up

DRC prime minister throws weight behind Chinese buyers of Freeport's controlling stake in Tenke Fungurume.

Vale may reconsider selling $10 billion in core assets — report

If prices for the commodities it mines continue to pick up, the firm must cancel plans to sell some of its best assets.

BHP Billiton jumps on the electric car bandwagon

The world’s largest miner sees electric vehicles boosting copper demand.

Copper price extends rally on China surprise

Chinese gauge of manufacturing activity "unambiguously upbeat, consistent with broader evidence that economy is in the midst of a cyclical recovery"

Shares of Canadian zinc producer Trevali are soaring and here’s why

Trevali Mining jumped more than 4% Monday after it announced the discovery of a new high-grade zinc-lead-silver mineralization at its Santander mine, located in Peru.

Equity markets all but closed for mining IPOs

Miners have to look at debt, private investors and alternative financing like pre-pays for growth capital according to new report.

Glencore closes another zinc mine

Black Star deposit at Mount Isa in Australia depleted after 13 years of operation.