December 24, 2020

MMG declares force majeure on contracts after protests in Peru

Miner said that transport had been temporarily disrupted due to road blocks by local residents near its Las Bambas copper mine in Peru.

December 24, 2020

Nornickel shutters dirty copper smelter in push to go greener

The facility in Nickel on the Kola Peninsula near the Norwegian and Finnish borders was partly why Norway’s sovereign wealth fund blacklisted the miner a decade ago.

December 23, 2020

Turquoise Hill considers gold streaming, debt funding for Oyu Tolgoi

The streaming transaction would involve "a significant up-front payment" to Oyu Tolgoi, as well as deferred payments based on gold "spot" prices.

December 22, 2020

Codelco reaches advance labor deal at Chuquicamata

The 36-month agreement enters into force on April 1.

December 22, 2020

Production at Las Bambas hit by road blockades

The copper mine, controlled by China's MMG, is "progressively" reducing production due to protests.

December 21, 2020

Excelsior produces first copper cathode at Gunnison in Arizona

The in-situ recovery (ISR) operation is expected to sell the first copper cathodes in January 2021.

December 21, 2020

Global copper output to grow over the next decade – report

Fitch Solutions forecasts global copper mine production to increase by an average annual rate of 3.7% over 2021-2029.

December 21, 2020

Lundin’s Chapada back in full production

Company withdrew its 2020 guidance for the mine in northern Brazil in September, after a power outage caused damage to all four of the operation’s SAG and ball mill motors.

December 21, 2020

First Quantum names Tristan Pascall COO

Long-time president Clive Newall will step back from an executive role but remain as a director.

December 21, 2020

Excelsior produces first copper cathode at Gunnison

The company in-situ recovery operation is expected to sell the first copper cathodes in January 2021.