The firm expects production at Ferrobamba, one of the four deposits that make up Las Bambas project, to start early next year.
The miner, one of the biggest exporters of South African coal, may re-open those operations if economic conditions improve.
Newly elected President Edgar Lungu wants to keep mining royalties at 20%, as opposed to the 6% companies were paying a month ago.
The global miner and commodities has estimated spending on oil projects for this year and next of $2 billion and $1 billion on coal expansions.
The situation may soon change, as authorities have began talks with the country’s top miners, signalling the possibility of a compromise over the country’s new tax regime.
This is Aaron Regent’s first acquisition since founding Toronto-based Magris Resources.
Copper tumbled Wednesday to fresh six-year lows, dipping below $5,500 a tonne. Stocks in miners of the industrial metal are getting hammered.
The project is sitting on one of the largest undeveloped coal deposits in North America,
The miner believes that while the market is oversupplied now it will tighten from 2018.
The three-week suspension aimed at battling a global oversupply of the commodity.
Move will leave up to 12,000 jobless and it is likely to sour the already fractious relationship between the government and mining companies.
The move aims to expedite the processing and sanction of pollution cases.
The deals that were and those that failed. Here is MINING.com’s shortlist.
This was the second time that Antamina’s workers down tools in about a month over demands for a bonus and other benefits.
Forget iron ore for now, the world’s largest mining company is making a bold bet on copper.
Unionized workers at Antamina downed tools at midnight Wednesday.
Glencore says 2015 supply forecasts are way too optimistic and the Swiss commodities giant has the charts and tables to prove it
Rio Tinto CEO credentialing ahead of another round with "combative" Ivan Glasenberg.
News feeds long-standing hopes of a mine reopening and job generation in the impoverished area.
Walsh emphasized Rio was not planning any major acquisition to protect itself from a potential takeover by the commodity trader and miner rival.
End of strike at Peru’s biggest copper mine and weaker oil prices drove Dr. Copper goes to the ICU.
The mining giant said it was committed to giving significantly more money back to shareholders in 2015 despite a severe drop in iron ore prices.
By promising top shareholder Chinalco, Rio's stakes in Oyu Tolgoi and Simandou.
But unionized workers insist on claiming that Antamina's output would likely drop by at least 90%.
The mine and rail project in Queensland's Galilee Basin is expected produce 60 million tonnes of thermal coal a year.
The move will cut the miner's output by 5 million tonnes — 2.5% of Australia's forecast 2014 thermal coal exports — and force about 8,000 workers to take a leave.
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