R/€ = 16.71 Change: 0.04
R/$ = 14.58 Change: 0.06
Au 1189.29 $/oz Change: 12.39
Pt 794.50 $/oz Change: 13.67

Base Metals News

BHP asks for government mediation in talks at Chile's Escondida

By: Reuters     7th August 2018 Miner BHP said on Monday that it had formally requested a period of government mediation with the union at its Escondida copper mine in Chile, the world's largest, prompting the union to postpone the start of a strike approved by workers. The two parties will meet, together with a government... 

Alcoa asks US government for tariff exemption on Canadian aluminum

By: Reuters     7th August 2018 Alcoa Corp on Monday asked the US.Commerce Department to exempt from tariffs its purchases of 40 000 metric tons of Canadian aluminum used to make beverage cans, adding to thousands of requests for such relief. According to documents posted to its website, Alcoa said no US aluminum producer can... 

Jubilee gains full control of the Kabwe project

By: Simone Liedtke     6th August 2018 Jubilee Metals has gained full control of the Kabwe project, in Zambia, by increasing its interest in the project to 87.5%. While Jubilee has the option to acquire 100% of the Kabwe project, Aim-listed BMR retains a maximum of 12.5% of the generated earnings. 

More northeast China cities cancel alumina projects amid public backlash

By: Reuters     6th August 2018 Four more cities in northeast China's Liaoning province have abandoned their pursuit of alumina projects amid public environmental concerns, after Chaoyang last week scrapped plans to build the world's biggest alumina refinery. The new cancellations - announced in recent days by the cities of... 

Union at Chile's Escondida sets deadline for negotiations ahead of strike

By: Reuters     6th August 2018 The union at BHP 's Escondida mine in Chile, the world's biggest copper mine, has told the company it should prove its willingness to negotiate by Monday morning if seeks to strike a deal with workers ahead of a pending strike, according to an internal union communication obtained by Reuters.... 

Copper supply woes on show with No. 2 mine output to halve

By: Bloomberg     6th August 2018 A battle over the world’s second-largest copper mine has dogged Freeport-McMoRan shareholders for more than a year. Now it may be the turn of the copper market. Production at Grasberg in Indonesia will fall by more than half next year as its giant pits transition to underground operations,... 

Copper supply woes on show with No. 2 mine output to halve

Vedanta delivers strong Q1 Ebitda

By: Simone Liedtke     6th August 2018 Diversified miner Vedanta Resources on Monday announced that it had delivered strong earnings before interest, taxes, depreciation and amortisation (Ebitda) and drove steady margins in the first quarter of the 2019 financial year, which ended on June 30. The margins, the miner highlighted, were... 

Vast expects subsidiary to be granted Baita Plai association licence soon

By: Simone Liedtke     6th August 2018 Aim-listed mining company Vast Resources, its 80%-subsidiary African Consolidated Resources (AFCR) and Romanian State-owned Baita, the holder of the Baita Plai licence, have submitted a joint formal application to Romania’s National Agency for Mineral Resources (ANRM) for the grant to AFCR of an... 

Updated study increases Frieda River mine life, production forecast

By: Esmarie Swanepoel     6th August 2018 The Frieda River copper/gold project, in Papua New Guinea, could produce more copper and gold over a longer period than previously thought, ASX-listed Highlands Pacific reported on Monday. Highlands, which owns a 20% interest in the joint venture (JV) project, told shareholders that partner... 

Brazil mining exports to rise 2.5% in 2018 – Ibram

By: Reuters     6th August 2018 Brazil's mineral exports are expected to rise 2.5% in 2018 compared with the previous year to 410-million tonnes, as investment in the sector is projected to grow, industry group Ibram said on Friday. By value, mineral exports are expected to increase to $30-billion from $28.37-billion last... 

Completion of Back Forty feasibility study signals significant milestone for Aquila

By: Simone Liedtke     3rd August 2018 A feasibility study, compiled by Lycopodium Minerals Canada, has been completed on TSX-listed Aquila Resources’ 100%-owned zinc- and gold-rich Back Forty project, in Michigan, in the US. Citing the completion of the Back Forty project’s feasibility study as a “significant milestone for Aquila”,... 

Erudite adopts a fresh approach to transformation 

By: Nadine James     3rd August 2018 Becoming a sustainable and relevant mining industry service provider requires a genuine effort to meet and address issues of localisation and transformation, while fostering local partnerships to develop extractive projects in African countries, suggests engineering, procurement and construction... 

Erudite adopts a fresh approach to transformation
Erudite chairperson Vince Raseroka and CE Johann de Bruin discuss the need for an African-focused EPCM mining services provider. Video: Darlene Creamer; Editing: Nicholas Boyd

Ironbark finds contractor for Citronen

By: Esmarie Swanepoel     3rd August 2018 Base metals hopeful Ironbark Zinc has signed a memorandum of understanding (MoU) with mining contractor Byrnecut Offshore over the Citronen zinc/lead project, in Greenland. The two companies will now work on a commercial agreement for underground contract mining services, underground mine cost... 

Sumitomo says Ambatovy to miss FY18/19 nickel output target

By: Reuters     3rd August 2018 Japanese trading house Sumitomo Corp expects that nickel output at its Ambatovy project in Madagascar will likely fall short of its earlier target of 48 000 t in the year to March 2019, its chief financial officer said on Friday. "The Ambatovy has run at about 64% to 65% of full capacity in the... 

Mount Polley workers accept new contract, strike ends

By: Creamer Media Reporter      3rd August 2018 Unionised workers at the Mount Polley mine, in British Columbia, have accepted a new three-year contract, ending a more than two-month strike at the copper/gold mine, near Williams Lake. Imperial Metals said on Thursday that the new contract is effective from January 1, 2018. 

Battery metals boom boosting services, project potential

By: Paige Müller     3rd August 2018 There is a boom in the battery metals mining space, owing to a global focus on environment-friendly power initiatives, or ‘green’ energy, says mining industry specialist consultants The MSA Group. MSA Group critical metals principal consultant Michael Cronwright says the company has noted a... 

Battery metals boom boosting services, project potential
KAMATIVI LITHIUM TAILINGS PROJECT The Kamativi lithium tailings project is currently ongoing in Zimbabwe

Workers at Chile's Escondida give BHP deadline to avoid strike

By: Reuters     2nd August 2018 The union at BHP Billiton's Escondida mine in Chile, the world's biggest copper mine, told the company on Thursday that it should improve its contract offer by August 6 or it would begin preparations for a strike. Union workers announced earlier on Thursday that they had voted to reject the... 

Kaz Minerals expands into Russia with $900m copper deal

By: Reuters     2nd August 2018 Kaz Minerals, a low-cost copper producer until now focused on Kazakhstan, said it has agreed to buy the Baimskaya copper project in the Chukotka region of Russia for $900-million in cash and shares. The deal is comprised of an initial $675-million and a deferred payment of $225-million. 

Kaz Minerals expands into Russia with $900m copper deal

MOD eyes LSE listing after Metal Tiger deal

By: Esmarie Swanepoel     2nd August 2018 ASX-listed MOD Resources has announced plans to seek a dual listing on the London Stock Exchange, following its deal with joint venture partner Metal Tiger to consolidate ownership of the T3 project, in Botswana. MOD said on Thursday that the LSE listing will likely take place in the fourth... 

MOD eyes LSE listing after Metal Tiger deal

NiWest to cost A$966m

By: Esmarie Swanepoel     2nd August 2018 A prefeasibility study (PFS) into the NiWest nickel/cobalt project, in Western Australia, has estimated that the project could produce 456 000 t of nickel and 31 400 t of cobalt over a 27-year mine life, based on a nameplate processing capacity of 2.4-million tonnes a year. Owner GME Resources... 

Chilean workers vote to strike at world's biggest copper mine

By: Reuters     2nd August 2018 Workers at BHP Billiton's Escondida mine in Chile, the world's biggest copper mine, have voted to reject a company wage offer and go on strike, according to a communique sent to Reuters on Thursday. A total of 2 330 members voted on strike action, with 1 955 supporting it and 370 accepting the... 

ERG secures electricity supply for DRC copper/cobalt operations

By: Anine Kilian     1st August 2018 Metalkol, a cobalt and copper tailings reprocessing project and a low-cost hydrometallurgical facility owned by Eurasian Resources Group (ERG), has signed an agreement to secure electricity supply for its operations in the Democratic Republic of the Congo (DRC) for up to ten years.   

US gives Rusal investors more time but keeps Deripaska on hook

By: Bloomberg     1st August 2018 The US Treasury Department gave investors more time to sell their shares and debt in En+ Group and affiliate, United Co. Rusal, but stopped short of removing the aluminum and power companies from a sanctions list targeting Russian billionaire Oleg Deripaska. The deadline for investors to sell... 

Centerra trims production expectations on Mt Milligan water risks

By: Mariaan Webb     1st August 2018 Continued water supply issues at the Mount Milligan mine, in British Columbia, have forced gold and copper producer Centerra Gold to trim its gold production guidance by 20 000 oz and its copper forecast by about five-million pounds. The Mount Milligan mine continues to suffer from limited water... 

Centerra trims production expectations on Mt Milligan water risks
The Mount Milligan mine in British Columbia.

Drilling progressing well at Arc’s Zamsort project

By: Anine Kilian     1st August 2018 An 11 000 m drilling programme currently under way at Aim-listed Arc Minerals’ Kalaba prospect, in Zambia, is progressing well. The prospect is owned by Zamsort, which is developing a copper/gold project. Arc has a 66% interest in Zamsort. 

Cradle Arc buys back convertible loan notes

By: Anine Kilian     1st August 2018 Aim-listed Cradle Arc plans to redeem all of its £1.28-million outstanding convertible loan notes for £1.59-million in cash, by way of staged and back-end weighted payments up to their scheduled maturity date of December 31.  Funding for such redemption, alongside additional working capital for... 

Hudbay ups Manitoba's operating cost guidance

By: Mariaan Webb     1st August 2018 Toronto-headquartered Hudbay Minerals on Tuesday confirmed that it would meet its production guidance for 2018, but flagged higher operating costs at its Manitoba unit, citing cold weather conditions, higher costs at the 777 mine and the impact of a fan outage at Lalor. The combined mine and... 

Rambler ups copper, gold production, recoveries during Q2

By: Marleny Arnoldi     31st July 2018 TSX- and Aim-listed copper and gold producer Rambler Metals and Mining’s copper feed grade during the half-year ended June 30 averaged 1.1% copper and 0.53 g/t gold. This compared with 1.28% copper feed grade and 0.5 g/t gold in the first half of 2017. 

Katanga on track to achieve full-year guidance

By: Simone Liedtke     31st July 2018 During the second quarter of this year, TSX-listed Katanga Mining made progress with the high-grade clarifier, receiving thickener and the post-leach clarifier that form part of the whole ore leach (WOL) project at subsidiary Kamoto Copper Company’s copper/cobalt mine, in the Democratic Republic... 

Nornickel says Q2 nickel output flat y/y

By: Reuters     31st July 2018 Russia's Norilsk Nickel (Nornickel) said on Tuesday its consolidated nickel production was at 49 460 t in the second quarter of 2018, broadly flat year-on-year. Nornickel, one of the world's largest nickel and palladium producers, also said its palladium production totalled 813 000 troy ounces,... 

Brazil studying auction of rights to six unexplored mining areas in 2019

By: Reuters     31st July 2018 Brazil's geological service is studying auctioning off mining rights in 2019 to six previously unexplored areas that have significant potential output of copper, gold, phosphate and other minerals, the head of the organisation told Reuters on Monday. The geological service CPRM, which operates... 

First Quantum extends copper hedge programme

By: Mariaan Webb     31st July 2018 Canada-based First Quantum has announced an extension of its copper sales hedge programme to ensure a “certain level of cash flow” during the commissioning and ramp up of its large openpit copper mine development in Panama. This comes as concern about trade wars are hurting copper prices, which... 

First Quantum extends copper hedge programme
First Quantum CEO Philip Pascall

Metals X hoping to raise A$50m

By: Esmarie Swanepoel     31st July 2018 ASX-listed Metals X is hoping to raise A$50-million through an institutional placement, priced at 65c a share. The company on Tuesday said that it will issue some 76.9-million shares to professional and institutional investors, to fund regional exploration, advance its development projects, and... 

Glencore copper, zinc ramp-ups paying off in production numbers

By: Marleny Arnoldi     31st July 2018 The ramp up of diversified miner Glencore’s Katanga mine, in the Democratic Republic of Congo (DRC), has delivered increased copper and cobalt for the first half of this year, in line with full-year guidance, which is 1.4-million tonnes of copper and 39 000 t of cobalt. Financial services... 

Glencore copper, zinc ramp-ups paying off in production numbers
Glencore's Koniambo mine in New Caledonia

Investors cheer Ivanhoe’s resource update for Kipushi

By: Mariaan Webb     30th July 2018 Canadian major Ivanhoe Mines on Monday published a mineral resource estimate update for its Kipushi zinc/copper/silver/germanium project in the Democratic Republic of Congo (DRC), increasing the past-producing mine’s zinc-rich resources by 16% and copper-rich resources by 40%. The new estimate,... 

Investors cheer Ivanhoe’s resource update for Kipushi

Sulphides intersected at Orion’s Rok Optel nickel/copper prospect

By: Anine Kilian     30th July 2018 Semi-massive and injected-stringer sulphide veins have been intersected at Orion Minerals’ Rok Optel nickel/copper prospect, in the Areachap Belt, in the Northern Cape. The company noted in a release on Monday that the intersections achieved provide strong geological proof of concept for Orion’s... 

Workers at Codelco's Chuquicamata copper mine in Chile walk off job

By: Reuters     30th July 2018 Workers at Codelco's Chuquicamata copper mine in Chile, the state miner's second largest by output, walked off the job on Monday morning in protest at the "unjustified layoff" of two workers, union leaders told Reuters. Chuquicamata Union No. 1, 2, and 3, as well as Antofagasta Union No. 1... 

Workers at Codelco's Chuquicamata copper mine in Chile walk off job

New CEO for Turquoise Hill

By: Creamer Media Reporter      30th July 2018 Vancouver-based Turquoise Hill, which focuses on the operation and development of the Oyu Tolgoi copper/gold mine in Mongolia, has appointed Ulf Quellmann as CEO with effect from August 1, following a comprehensive search process. The NYSE- and TSX-listed company said on Monday that the search,... 

Latest News


Latest Videos


Press Office


Topics In These Articles

RSS Feed


Mining Weekly is a product of Creamer Media.

Other Creamer Media Products include:
Engineering News
Research Channel Africa

Read more


We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store


Advertising on is an effective way to build and consolidate a company's profile among clients and prospective clients. Email

View options
Free daily email newsletter Register Now