Copper Mining News

SQM to acquire 80% interest in Revelo's copper projects in Chile

Sociedad Química y Minera de Chile has a 5-year option to explore and earn an 80% interest in the Calvario and Mirador projects.

Cobalt, uranium and silver prices expected to rally in 2019

But the iron ore price surge won't last says new survey of commodity analysts.

Asia’s mining sector offsets risk with reward — report

Mongolia has emerged as an investment hot spot for untapped reserves.

Troilus Gold makes $12m share offering

Net proceeds from the offering will be used to continue exploration and definition drilling at the Troilus gold-copper project.

Lumina extends Gran Bestia in Ecuador

The company has drilled its longest continuous section of mineralization at its Gran Bestia copper-gold deposit,

Aurubis copper business hit by US-China trade war and Brexit

The company is still positive on copper demand due to the expected rise in renewable energy and in electric vehicles.

After legal battle, Los Andes Copper's past drilling campaign receives approval

In 2017, Chile's Superintendency of Environmental Affairs filed a notice saying the campaign violated the country's environmental regulations.

Codelco 'perfectly well' financed for next two years — board chairman

Codelco returns all of its profits to the state and is funded by a mix of capitalization and debt.

Electric-vehicle tax credits get a bipartisan boost in senate

The legislation would grant automakers a $7,000 tax credit for an additional 400,000 vehicles after they reach the 200,000 vehicle cap.

Revitalizing its copper mines may not be sufficient to keep Chile at the fore

Demand for copper is expected to take off by the mid-2020s, but Chile is saddled with mines facing crippling declines in ore grades and a system that allows the bulk of its exploration concessions to sit idle.

From turbines to thermostats: copper miners eye high-tech demand

Attempts to replace copper in a lithium-ion battery's anode with aluminum have failed so far, which bodes well for major copper miners.

Copper producer KGHM may freeze more mines in Canada, US – CEO

KGHM's foreign assets have struggled with rising costs, falling copper prices, technical problems and higher-than-expected capital spending.

Nearly 2,000 Zambian villagers can sue Vedanta in England – Supreme Court

The latest ruling raises the prospect that other companies could face legal action in England related to their activities abroad.

Aurania finds high-grade copper and silver at the Lost Cities — Cutucu project in Ecuador

Reconnaissance exploration identified boulders in streams that contain up to 11.9% copper with 166g/t silver.

SolGold scores again at Cascabel project

The miner has found further mineralization at its Cascabel copper-gold project. Cascabel is believed to have the potential to become one of the largest copper-gold assets ever discovered.

India’s state copper miner plans $800m expansion

Hindustan produces around 40,000 tonnes of copper per years, but the company plans to increase production to around 200,000 tonnes by 2025.

Chile´s Collahuasi copper mine expects to match 2018 record output this year – CEO

Last year the mine produced 560,000 tonnes of copper, placing it among Chile´s top three producing mines.

Antofagasta to stay put on dividend policy but will return cash to shareholders

The company will retain its dividend policy of paying out at least 35% of underlying net earnings, but will pay out excess funds from the proceeds of sales to shareholders,

Freeport plans no dividend hikes, M&A for 2 years to focus on Grasberg – CEO

Freeport-McMoRan plans no dividend raises, acquisitions or debt buybacks over the next two years.

Rio Tinto to join World Bank's green mining program

Rio Tinto plans to offer technical consulting advice, as well as contribute $1 million over five years to the program.

Indonesian gold miner Amman is said to consider $600m IPO

The company is reportedly working with advisers to list in Jakarta as early as the fourth quarter.

Ivanhoe execs brief Congo president on progress of massive copper project

According to Wood Mackenzie, it is the world's largest, undeveloped, high-grade copper discovery.

Altiplano considers magnetic separation for Farellon ore

The company says that copper recoveries from low grade mineralized material went up following magnetite separation.

A million tonnes of copper is on the way: it may not be enough

Giant mines currently under construction will churn out an additional one million tonnes of copper through 2023, but that won’t be enough.

Cordoba to drill for porphyry source beneath Alacran

The company is planning a 1,000-metre drill program at its Alacran copper-gold deposit, part of its San Matias project in Colombia.