Copper Mining News

Anti-corruption body asks Rio for Oyu Tolgoi-related info

Request relates to an investigation about possible abuse of power by authorized officials during negotiation of the 2009 Oyu Tolgoi investment agreement.

Antofagasta more than doubles dividend on strong copper prices

Chile-focused miner is raising its dividend by 177%.

Newcrest shares hit after dam wall collapse

The miner declared that its performance for fiscal 2018 will be affected by the breach of a tailings dam wall at its Cadia gold mine.

Copper price: Hedge funds slash bullish bets to 16-month low

The last time large-scale copper price futures speculators were this bearish, copper was trading 30% lower than today's price.

China's Zijin Mining interested in Serbian copper mine RTB, Belgrade says

Serbia has tried and failed three times since 2007 to sell the debt-laden mining complex.

US miners ask Supreme Court to end uranium mining ban near Grand Canyon

The National Mining Association (NMA) and the American Exploration and Mining Association (AEMA) have filed petitions asking the court to reverse the 2012 ban.

Taxes aren't the real problem with mining in Congo: Gadfly

There's a strange thing about the fear going through the global mining industry after theCongo signed an order to lift royalties last week: Compared with most other countries, these levies are still relatively low.

PDAC attendance best since 2013

Up six percent from a year ago.

Chile's Codelco inks deal on Ecuador copper project

The project could become the first mine Codelco operates abroad.

One of Australia's largest gold mines halts operations after dam collapse

Newcrest Mining says experts on site have observed no environmental damage.

Antofagasta’s Los Pelambres copper mine workers vote to strike

Unionized workers company’s latest offer for a collective labour agreement.

Teck restarts Elkview dryer, to lose 200,000 tonnes of coal production

Company expects to lose about 200,000 tonnes in steelmaking coal output.

Copper, iron ore prices drop as Chinese imports plunge

But the customs data look worse than it is.

Chile's Codelco receives approval for $1 bln desalination plant

The go-ahead from the Antofagasta region's environmental regulator will allow the company to expand its Radomiro Tomic mine.

B.C. mining and exploration grew last year for the first time since 2012: EY

Exploration spending increased 20% across the Canadian province in 2017, reaching $246 million, compared with $205 million in 2016.

Cobalt consumers main victims of Congo’s new mining code — analysts

A new mining code in the cobalt-rich Congo will lead to higher costs for consumers of the battery metal at a time automakers are expanding production of electric vehicles, experts say.

Swedish Boliden innocent in Chile toxic waste dump case — court

Swedish court has ruled that local miner Boliden won’t have to pay over $12 million (100 million Swedish crowns) in compensation for health problems allegedly caused by toxic waste it dumped in northern Chile.

British Columbia to reform Environmental Assessment Process in the fall

Environmental assessments already underway will continue under the current process.

Congo's Kabila to sign new mining code soon after meeting with miners

The announcement followed a nearly six-hour meeting on Wednesday between Kabila and mining executives in Kinshasa about the new code, which will raise taxes and remove a stability clause.

Kazakh miner ERG revives sale of Congo copper mine

ERG revives efforts to sell its Frontier copper mine in the DRC despite a drop in valuation to about $400 million, two banking sources said.

Rio Tinto speeds up driverless fleet expansion in Australia

Fifteen autonomous trucks will be introduced to West Angelas iron ore mine, in the Pilbara region.

Why investors go to copper as an inflation hedge

In an analysis by Bloomberg Intelligence, copper outperformed every major asset class aside from energy as an inflation hedge.

Barrick moves forward with plan to make every employee an owner

The gold miner’s employees will receive this year 90 shares each, taking the total held by staff to more than 1.5 million shares.

Zinc turned upside down as prices tank and stockpiles surge

The zinc market is making a U-turn.

Commander and Fjordland announce $1.2 million exploration program in Labrador

Their 29,400-hectare property is located in central Labrador, 80 kilometres south of Vale’s Voisey’s Bay Nickel mine