Copper Mining News

NuevaUnion gold and copper project to deliver EIA by end of 2018 -source

The project joins two mines - one belonging to Goldcorp and the other to Teck Resources.

Louis Dreyfus completes $466 mln sale of metals unit to Chinese fund

The metals business is one of the largest copper, zinc and lead concentrates merchants worldwide, according to Louis Dreyfus.

Glencore said to seek out-of-court Congo solution with Gertler

A scheduled hearing in a London court Friday was postponed as both sides worked to come to an amicable solution.

Chile’s Caserones copper mine a pain in the neck for Japanese owners

The mine, behind schedule ever since it began producing in May 2014, has been affected by a series of technical problems in its ramp-up phase, costing its owners hefty impairment charges.

Canadian junior to acquire gold-silver project in Mexico

Megastar Development wants to buy the Rama de Oro project located in the state of Oaxaca.

Randgold hopeful of compromise with Congo over new mining rules

Seven mining companies submitted a proposal to the Mines Ministry insisting that the government reinsert a stability clause, contained in the 2002 code.

Erdene soars as Altan Nar project in Mongolia proves larger than predicted

Indicated and inferred gold equivalent resources increased by whooping 208% and 172% respectively, when compared to the project’s maiden mineral resource estimate of 2015.

Copper hotspots identified in northern Australia

Recent data released by the Northern Australian Geochemical Survey reveal that there are potential copper hotspots on the Queensland-Northern Territory border.

Optimism returns to B.C.'s mining sector as revenues rise by over a third in the last year

Prices for most metals and minerals produced in the province continue to steadily recover from multi-year lows.

Private firm takes on Codelco for control of Chile lithium deposit

Australia's Lithium Power International and Canada's Bearing Lithium have sued Chile to block state-run Codelco from exploiting a lithium deposit where both have claims.

Canadian-made responsible mining initiative answers global demand for supply chain transparency

The Mining Association of Canada’s (MAC) Toward Sustainable Mining (TSM) initiative is an accountability program for social and environmental performance.

Poland's KGHM expects to match or exceed 2017 profit this year

The CEO also forecast that the copper price will exceed $7,000 by the end of this year, as analysts at Bank of China expect.

Nevsun shares soar as it rejects $1.2-billion bid from Lundin, Euro Sun

Nevsun, who declined the offer for the fourth time, said the proposal undervalued its Timok copper-gold project in Serbia and that junior Euro Sun was “not an attractive partner”.

Congo court temporarily suspends dissolution of Glencore unit

Congo's state miner Gecamines is seeking to dissolve Kamoto Copper Company (KCC), blaming Glencore for high debts that have weighed on the mine for more than 10 years.

Antofagasta shares, half-year production hit by Los Pelambres pipeline blockage

The miner said it would take up to three months for stocks to return to normal, which will affect both projected output and sales in the six months ending June 30.

Golden Triangle’s red line

BC's Golden Triangle is now hot again after many years of neglect.

Zambia concludes mine tax audits after slapping huge bill on First Quantum

First Quantum said that Zambia's tax agency had demanded the taxes, saying they were on import duties, penalties and interest on consumables and spare parts.

Ivanhoe Mines secures long-term supply of treated bulk water for Platreef

Recycling of local, treated water is part of a sustainable approach to minimize Platreef’s environmental footprint.

Peruvian farmers to appeal U.S. court decision in land dispute with American miner

A U.S. court ruled that the Chaupe family case against Newmont Mining Corporation should be heard in Peru - not Delaware, where the company incorporated almost 100 years ago.

Death toll rises to seven at Sibanye mine as all trapped workers rescued

The deaths brings the number of people killed at the company's operations this year to at least 10.

Anglo American to end investment in deep sea mining company Nautilus

Anglo has a 4 per cent stake in Toronto-listed Nautilus.

Four miners dead and three still missing at Sibanye-Stillwater mine

Two more quakes were felt Friday near the company's Masakhane gold mine, which cause search and rescue operations to be momentarily halted.

Tesla delivers bad news for cobalt price, boost for rare earths

Electric vehicle manufacturer has reduced cobalt usage in its batteries by 59%.

Eight still trapped underground at Sibanye mine following seismic event

Contact has been made with three of the workers trapped at the company's Masakhane gold mine.

Glencore's Congo mining conundrum

The miner and commodities trader is embroiled in a legal tangle over its copper and cobalt operations in Democratic Republic of Congo, where conflict and changes to regulations have deterred many mining firms.