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Zambia’s 2015 budget threatens viability of mines in the country

By: Chantelle Kotze     Updated 3 hours ago Zambia’s 2015 budget, which contained proposals for far-reaching reforms to the mining fiscal tax regime, would have significant implications for the mining industry, leaving several mines cash flow negative and unsustainable, so much so that mining companies with high production costs would have... 

Strike at Peru's top copper and zinc mine to end by Sunday – union

By: Reuters     Updated 3 hours ago The union at Peru's largest copper and zinc mine told Reuters it would call off a strike at Antamina by Sunday, but said it was already planning a new walkout in December. The labor stoppage at the Antamina mine, which produces about 30% of Peru's copper and 20% of its zinc, began on Nov. 10, but... 

Rambler Metals’ Q1 output in line with guidance

By: Mariaan Webb Dual-listed Rambler Metals and Mining said on Thursday that its first-quarter production results were in line with its guidance for the 2015 financial year, despite a weaker quarter-on-quarter production performance. During the three-month period to the end of October, the TSX-V- and Aim-listed... 

Glencore invests in Congo hydropower as solution to blackouts

By: Reuters Glencore and its partner in Congo are ploughing $360-million into refurbishing the African nation's main hydroelectric plant as mining companies seek ways to overcome power shortages that are holding back projects. Mining investment has poured into Democratic Republic of Congo since 2006, after... 

Chile mining sector to double energy demand by 2025

By: Reuters Chile's sprawling mining industry, responsible for around a third of global copper output, is set to nearly double its electricity use by 2025 as multibillion-dollar investments come to fruition, state copper commission Cochilco said on Wednesday. Top copper producer Chile has seen energy costs... 

Freeport Indonesia says copper output at 80% of capacity

By: Reuters Production at Freeport-McMoRan Inc's huge Indonesian copper mine has yet to return to full capacity after an export dispute with the government and disruption related to workers' safety concerns, the local CEO said on Thursday. Relations between Freeport and its workforce remain strained after a... 

Lundin starts commercial production at US nickel/copper mine

By: Creamer Media Reporter Canadian diversified miner Lundin Mining on Monday announced the start of commercial production at the Eagle base metals mine, in Michigan, in the US. The high-grade nickel/copper mine, which cost about $400-million to develop, reached commercial production two months after start-up on September... 

Lundin starts commercial production at US nickel/copper mine

Nevsun denies Bisha human rights allegations in lawsuit

By: Creamer Media Reporter A lawsuit has been filed against Vancouver-based mining company Nevsun Resources in the British Columbia Supreme Court by three individuals who claim to have once worked with a local subcontractor at the Bisha mine, in Eritrea, on the Horn of Africa. The TSX-listed company said on Friday that the... 

Nevsun denies Bisha human rights allegations in lawsuit

Callinex to target high-grade copper- and zinc-rich VMS deposits in Manitoba

By: Creamer Media Reporter TSX-listed Callinex Mines has adopted an aggressive new strategy to discover and develop high-grade copper- and zinc-rich volcanogenic massive sulphide (VMS) deposits. The company has identified its Flin Flon and Pine Bay projects as the focus of future exploration based on potential to host the... 

Peruvian government calls strike at biggest copper mine illegal

By: Reuters Peru's government on Thursday branded a 10-day long strike at the country's biggest copper and zinc mine illegal and the operating company Antamina urged laborers to return to work. The strike, which began on November 10 and stoked concerns about global copper and zinc supplies, includes more... 

Sandfire to invest strongly in organic growth – chair

By: Esmarie Swanepoel Copper/gold miner Sandfire Resources was committed to spending cash to increase production, despite the depressed commodity market, nonexecutive chairperson Derek La Ferla has told shareholders. Speaking at the company’s annual general meeting, La Ferla this week said the company would deploy... 

Taseko concludes acquisition of Curis, Florence copper project

By: Natalie Greve Copper miners Taseko Mines and Curis Resources have concluded a deal that will see Taseko acquire all issued and outstanding common shares in Curis – converting the Arizona-focused producer into a wholly owned Taseko subsidiary. Curis was focused on advancing its 100%-owned Florence copper... 

Modular Mining Systems honours Palabora Copper for using its solutions for 30 years

By: Chantelle Kotze Mine management solutions provider Modular Mining Systems last month presented a long-term client service award to refined copper producer Palabora Copper (PC), a subsidiary of Palabora Mining Company (PMC), which extracts and beneficiates copper and other by-products in the Ba-Phalaborwa area,... 

Modular Mining Systems honours Palabora Copper  for using its solutions for 30 years
AWARD HANDOVER Palabora Copper mining division GM Johan van Dyk with the client achievement award presented to it by Modular Mining Systems on October 29, 2014

Seabridge to release new Deep Kerr resource estimate during Q1 2015

By: Leandi Kolver British Columbia-focused project developer Seabridge Gold expected to release a new resource estimate for its Deep Kerr deposit, in Northwestern British Columbia, Canada, during the first quarter of next year. The company on Thursday noted it was confident that the results from the project’s 2014... 

Antofagasta sees copper prices near current levels in 2015

By: Reuters Copper prices should remain around their current levels for most of 2015, though a possible small production surplus towards the end of next year could weigh on prices, said the chief executive of Chilean copper miner Antofagasta Minerals. Three-month copper on the London Metal Exchange (LME) was... 

Heap leaching may lower Olympic Dam costs – BHP Billiton CEO

By: Esmarie Swanepoel Diversified miner BHP Billiton CEO Andrew Mackenzie said on Thursday that the miner was investigating heap leaching opportunities at the Olympic Dam operation, in South Australia, as a gateway to expansion. Speaking at the company’s annual general meeting, Mackenzie told shareholders that heap... 

Heap leaching may lower Olympic Dam costs – BHP Billiton CEO
Photo by Bloomberg
BHP CEO Andrew Mackenzie

Sandfire halts underground mining at DeGrussa

By: Esmarie Swanepoel Copper miner Sandfire Resources on Thursday confirmed that it had temporarily suspended development of the Conductor 4/5 decline at its DeGrussa mine, in Western Australia, due to increased water flows. The miner said in a statement that the increased water flows occurred at the location of... 

Carbine scoping delivers results at Mount Morgan

By: Esmarie Swanepoel A scoping study by ASX-listed Carbine Resources into its Mount Morgan copper/gold project, in Queensland, has proven that the project was economically viable. Based on a one-million-tonne-a-year operation, with a mine life of about eight years, the Mount Morgan project was expected to deliver... 

Chile sees its molybdenum production rising 16% in 2015

By: Reuters Production of molybdenum in Chile will likely rise to some 61 400 tonnes in 2015, a rise of around 16% from this year, a director of Chilean state copper commission Cochilco said on Tuesday. The price of the copper offshoot, which is used in steel making, should rise to about $12 a pound in 2015,... 

Freeport US smelter could be shut for several more weeks

By: Reuters Freeport-McMoRan Inc expects repairs to its sole US copper smelter, which was shuttered last week after a fire, to last into December, a company spokesman said on Tuesday. Freeport, the largest US miner by market value and revenue, is still evaluating exactly how long the smelter shutdown will... 

Copper companies strike optimistic note on medium-term prices

By: Reuters Copper prices could be held down by rising supply from mines in the next couple of years but are set to surge after that due to a dearth of monster projects and bottlenecks at refineries, senior executives at top copper producers said on Wednesday. Widely seen as a barometer for economic growth,... 

Curis receives final court approval for plan of arrangement with Taseko

By: Creamer Media Reporter The British Columbia Supreme Court has issued a final order approving the previously announced statutory plan of arrangement pursuant to which Vancouver-headquartered Taseko Mines will acquire all of the issued and outstanding common shares of TSX-listed Curis Resources. Subject to the... 

Blackthorn given mining licence over Kitumba

By: Esmarie Swanepoel Zambia-focused Blackthorn Resources has been granted a mining lease for its Kitumba copper project, satisfying a key condition of a takeover by fellow-listed Intrepid Mines. “This is a significant milestone for Blackthorn Resources and confirms the support of the Zambian government for the... 

Glencore, Mick Davis among suitors of Anglo's Chile mines – sources

By: Reuters Commodity group Glencore and X2, a company set up by former Xstrata boss Mick Davis, are among the suitors of the Chilean copper assets put up for sale by global miner Anglo American, industry and banking sources said this week. The assets, which together could fetch up to $1-billion according to... 

Glencore, Mick Davis among suitors of Anglo's Chile mines – sources
Mick Davis

Sandfire takes CAER to court over ‘misleading’ research

By: Esmarie Swanepoel Copper miner Sandfire Resources has launched Federal Court proceedings against the Centre for Australian Ethical Research (CAER), claiming misleading research. In October this year, the CAER conducted a review for the Australian National University (ANU) on companies in which the university had... 

Rio's Kennecott copper smelter mulls tolling next year -sources

By: Reuters Rio Tinto's Kennecott copper smelter may toll third-party concentrate on a large scale for the first time next year, as the second-biggest US copper producer tackles falling output due to low ore grades from its mine, five sources said. The Utah plant has bought external concentrate, an... 

EY’s Canadian Mining Eye falls 15% during Q3, expects sluggish Q4

By: Henry Lazenby Professional services firm EY's quarterly ‘Canadian Mining Eye’ index fell 15% in the September quarter, paring a 9% gain during previous quarter. The firm said on Thursday that the fall in the index was in line with the S&P/TSX Composite index, which also plummeted 15% during the period, while... 

EY’s Canadian Mining Eye falls 15% during Q3, expects sluggish Q4

Antofagasta to close small Michilla copper mine in 2015

By: Reuters Chilean copper miner Antofagasta will close its small Michilla mine in the country's north next year because it is no longer economically viable, the company said on Thursday. The London-listed group will shut Michilla at the end of 2015 after 32 years of operation. The mine is expected to... 

Freeport McMoRan shuts sole US copper smelter after fire

By: Reuters Freeport McMoRan has temporarily shut its sole US copper smelter after a fire broke out as molten copper breached a processing vessel in the Arizona facility and flowed onto the ground, a spokesperson said on Thursday. The company is investigating the cause of the accident, which occurred... 

Peru's top copper miner sees 2014 output down 27%

By: Reuters Antamina, Peru's biggest copper miner, will probably produce about 336 000 t of the red metal this year, down 27% from 2013 on lower ore grades, a top company official said on Thursday. But output will likely recover next year as the mine enters a new productive phase, said Jose Carlos del... 

Canada provides funding for lithium, copper projects

By: Henry Lazenby Canadian mining technology firm Stria Lithium on Wednesday reported that it had received a funding commitment of up to $137 700 from the Canadian federal government to support the company’s work to develop novel lithium processing technologies aimed at producing low-cost, high-purity lithium... 

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