July 17, 2018

World’s biggest miners want more copper but nobody’s selling

Nobody who owns a copper mine wants to give it up. Even when Glencore and Anglo American Plc were crippled by debt during the 2015 commodity slump, neither was willing…

July 17, 2018

LME to launch monthly ‘implied pricing’ for base metals

Starting on July 30, the LME will start providing a set of synthetic monthly prices for the six main base metals —  copper, aluminum, zinc, lead, nickel and tin.

July 17, 2018

Nevsun passes on Lundin’s $1.4 billion fresh takeover bid

The base metals producer said that, while it has not yet received a formal offer from Lundin, the bid announced Monday the bid ignores the fundamental value of the company…

July 16, 2018

S. Africa unions decry fatalities as six die at copper mine

South Africa’s mining industry is heading for the deadliest year since 2012 after six people died in an underground fire at Palabora Mining.

July 15, 2018

Chilean government wants conflict at Escondida to be over

The possibility of a strike was talked about over the weekend.

July 15, 2018

Copper trains ransacked by ‘Moles’ in full-moon desert heists

A common target for the thieves is Antofagasta Plc’s logistics unit Grupo FCAB, which owns and operates about 700 kilometers of railway lines used to transport cathode and semi-processed copper.

July 15, 2018

Argentina releases mining census, made $1321 million in 2016

Over 1,500 mining companies were operating in the South American country in 2016.

July 13, 2018

Miramont expands Peruvian project but can’t drill just yet

The Canadian miner plans to acquire the rights to the Milenos 32 concession adjacent to its Cerro Hermoso project in Peru.

July 13, 2018

Trade war sends commodities to biggest drop in 5 months

China, the biggest consumer of everything from copper to coal, has warned that the proliferation of tariffs could cause a global recession.

July 13, 2018

Copper trains ransacked by ‘moles’ in full-moon desert heists

Thieves leap from trucks onto trains as they roll through Chile’s Atacama Desert, before throwing 80-kilo slabs of copper to the ground and disappearing.