R/€ = 16.37 Change: 0.41
R/$ = 14.77 Change: 0.39
Au 1320.68 $/oz Change: -4.38
Pt 1025.00 $/oz Change: 16.00

Copper News

CuDeco ramps up ore feeding at Rocklands operation

By: Samantha Herbst     30th June 2016 ASX-listed emerging copper producer CuDeco’s flagship Rocklands operation, in Cloncurry, Queensland, is steadily advancing towards first concentrate production, with the company’s announcement, on Thursday, that it was commencing with ore feeding into the ball mill, with a 60% load. This followed... 

Rio Tinto exits Bougainville Copper

By: Mariaan Webb     30th June 2016 Diversified miner Rio Tinto has transferred its 53.8% shareholding in Bougainville Copper Limited (BCL), which owns the defunct Panguna mine, to an independent trustee, which will distribute the shares to the Autonomous Bougainville government (ABG) and Papua New Guinea government. 

Rio Tinto exits Bougainville Copper

Glencore throws full weight behind transparency in money-to-govts report 

By: Martin Creamer     29th June 2016 Global diversified mining and marketing company Glencore threw its full weight behind complete openness in its maiden Payments-To-Governments Report 2015. In a 17-page outline, Glencore CFO Steve Kalmin provides an overview of the $5-billion it paid last year to 16 governments ranging from... 

Glencore throws full weight behind transparency in money-to-govts report
Photo by Duane Daws
Glencore CFO Steve Kalmin

Mining Indaba slashes prices for mining corporates

By: Martin Creamer     29th June 2016 Mining companies attending the upcoming Investing in African Mining Indaba in Cape Town will benefit from significantly reduced registration fees. Mining Indaba officials have introduced price reductions of up to 50% for the February 6 to 9 event, now in its twenty-third year. 

Mining Indaba slashes prices for mining corporates
Mining Indaba MD Jonathan Moore

Heron targets production at NSW zinc mine in 2018

By: Mariaan Webb     29th June 2016 The feasibility study for the Woodlawn zinc/copper project has delivered a compelling commercial case for the immediate development of the New South Wales-based project, owner Heron Resources reported on Wednesday. The ASX- and TSX-listed stated that it would accelerate the programme to secure... 

Caravel to advance WA copper project to prefeasibility study stage

By: Mariaan Webb     28th June 2016 ASX-listed junior Caravel Minerals is studying a new copper project in the Wheatbelt district of Western Australia, in which Canada-based First Quantum could earn a stake. Caravel on Tuesday published the Calingiri scoping study results, which confirmed that the project could be a low-cost,... 

First ore mined in development at Independence’s Nova project

By: Creamer Media Reporter      28th June 2016 Base metals miner Independence Group has mined the first development ore at the Nova project, in Western Australia. The company reported on Tuesday that the mining of the first ore was an important milestone as work progressed to complete construction and development of the nickel/copper/cobalt... 

Gold declines after two-day Brexit rally as oil, copper rebound

By: Bloomberg     28th June 2016 Gold dropped after posting the biggest two-day gain in more than seven years following the UK’s vote to exit from the European Union. Bullion for immediate delivery lost as much as 0.8% to $1 313.62 an ounce and traded at $1 318.10 at 2:22 p.m. in Singapore, according to Bloomberg generic... 

Bellhaven stock rises 20% on closing oversubscribed offering

By: Henry Lazenby     25th June 2016 Panama and Colombia-focused explorer Bellhaven Copper & Gold’s shares listed on the TSX-V jumped 20% on Friday after the company announced that its nonbrokered private placement offering of C$500 000, which was later increased to $620 000, owing to better-than-expected investor demand, had... 

Anglo American advancing in wage talks at Chile copper mines

By: Henry Lazenby     25th June 2016 Global mining company Anglo American said on Friday that it is progressing with wage negotiations at its flagship Los Bronces copper mine, in Chile, and is looking to finalise talks with workers at other operations in the country. This year, Anglo American needs to negotiate contracts with seven... 

Peru's Segura says Brexit impacts would be indirect, medium-term

By: Reuters     24th June 2016 Peru's outgoing Finance Minister Alonso Segura said on Friday that he was monitoring local markets after Britain's vote to leave the European Union, but he said economic impacts would likely be indirect and felt in the medium-term. "It's unfortunate," Segura told Reuters in an emailed statement.... 

PanAust lodges special mining lease application for Frieda River

By: Mariaan Webb     24th June 2016 China-owned PanAust has applied for a special mining lease for the Frieda River copper/gold project, in Papua New Guinea. MD Dr Fred Hess said on Friday that the lodgement of the application represented a crucial milestone in PanAust’s pursuit of organic growth. 

Commodities reel in world market tumult as UK votes for Brexit

By: Bloomberg     24th June 2016 Commodities were swept up in global market turmoil as investors sold off growth-related assets including oil and copper and sought haven in precious metals as UK voters opted to leave the European Union after more than four decades. The Bloomberg Commodities Index fell as much as 2%, the most in... 

The MSA Group

     24th June 2016 Local mining consultancy The MSA Group provides exploration, geology, mineral resource, mining and environmental consulting solutions to a client base that includes some of the world’s largest multinational mining companies, as well as private equity and sovereign wealth funds, banks, governments... 

The MSA Group

Imperial Metals cleared to restart full production at ill-fated Mount Polley mine

By: Henry Lazenby     23rd June 2016 The British Columbia government on Thursday gave the owner of the now infamous Mount Polley copper/gold mine the thumbs up to restart full production. The August 2014 Mount Polley mine disaster, considered the worst mine disaster in Canadian history, released more than 25-million cubic metres of... 

Chile's Congress approves minimum wage hike proposal

By: Reuters     23rd June 2016 Chile's Congress approved on Thursday the government's proposal to gradually increase the monthly minimum wage by 26 000 pesos, nearly $39, to 276 000 pesos ($412) within 18 months. With the Lower House of Congress' approval, the minimum wage hike proposal is ready to be signed into law. 

Copper hits seven-week peak on optimism Britain will stay in EU

By: Reuters     23rd June 2016 Copper prices rose to their highest in seven weeks on Thursday as opinion polls indicating that Britons favour staying in the European Union boosted sentiment that was also reinforced by a weaker dollar. Benchmark copper on the London Metal Exchange (LME) gained 1.6% to $4 774/t by 15:00 GMT. It... 

Copper is just a bystander in commodities’ best start since 2008

By: Bloomberg     23rd June 2016 The best start to a year for commodities since 2008 is leaving copper in the dust. The metal is one of the weakest of the 22 raw materials in the Bloomberg Commodity Index of returns this year and the worst of the major metals. 

Copper is just a bystander in commodities’ best start since 2008

Zambia expects copper output to double next year

By: Reuters     23rd June 2016 Zambia's copper output will rise by 5.5% to 750 000 t this year and output is expected to double to 1.5-million tonnes in 2017, Mines Minister Christopher Yaluma said on Thursday. Copper production in Africa's second-biggest producer of the metal was at 711 515 t in 2015. 

China's Minmetals signs $3bn copper purchase agreement with Poland's KGHM

By: Reuters     22nd June 2016 State-owned metals trader China Minmetals Corp has agreed to buy copper from Poland's KGHM with a total contract value of $3 billion, the Chinese firm said in a posting on its website on Tuesday. The company did not disclose the volume of the contract or how long it would run. 

Average capex overrun for mining companies hits 37% – EDC study

By: Simon Rees     20th June 2016 The average cost overrun for mining projects studied by Export Development Canada (EDC) has reached 37% over the capital expenditure (capex) budgeted, EDC managing principal Tin Lwin told an audience at a recent meeting of the Canadian Institute of Mining’s Management and Economics Society in... 

Average capex overrun for mining companies hits 37% – EDC study

Ivanhoe confirms Kamoa’s high-grade Kakula extension, decline progress ahead of plan

By: Henry Lazenby     20th June 2016 The first six holes drilled by Africa-focused project developer Ivanhoe Mines confirm an expanded, thick, flat-lying, bottom-loaded zone of high-grade copper mineralisation at the southern part of the Kakula discovery of the Kamoa copper project, in the Democratic Republic of Congo. Ivanhoe’s... 

Ivanhoe confirms Kamoa’s high-grade Kakula extension, decline progress ahead of plan
Photo by Ivanhoe Mines
Kamoa drilling, Democratic Republic of Congo

Nevsun, Reservoir shareholders approve sweetened offer

By: Henry Lazenby     17th June 2016 The TSX-listed stock of base metals producer Nevsun Resources fell nearly 10% on Friday after the company announced a sweetened bid for Reservoir Metals that would give it control of a portfolio of development projects in Africa and Europe, including the flagship Timok copper/gold project, in... 

Nevsun, Reservoir shareholders approve sweetened offer
Photo by Nevsun Resources
Nevsun's Bisha mine, Eritrea

Women in mining urged to overcome petty differences to achieve ‘great things’

By: Ilan Solomons     17th June 2016 Women in mining (WIM) must overcome their “petty” differences to ensure that they achieve great things in the local mining industry, states Limpopo-based copper miner Palabora Mining Company human resources development and training manager Sisiwe Mthethwa. She told delegates at training and... 

Women in mining urged to overcome petty differences  to achieve ‘great things’
UNITED STAND More needs to be done to ensure that women work together to advance themselves in the mining sector

DRC's Gecamines plans Chinese joint venture at main asset

By: Bloomberg     16th June 2016 Gecamines, the Democratic Republic of Congo’s (DRC's) State-owned miner, is in talks to give China Nonferrous Metal Mining Group a majority stake in its most prospective copper asset. CNMC will finance, build and operate a copper-processing facility at the Deziwa concession in return for a 51%... 

First gold/copper shipment leaves Deflector

By: Mariaan Webb     16th June 2016 Gold producer Doray Minerals has dispatched its first consignment of gold/copper concentrate from the Deflector project, which recently achieved its first production. The first shipment from the Western Australia-based mine totalled about 500 dry tonnes of concentrate produced from oxide material... 

Peruvian mining volumes continue to grow as new president takes helm

By: Simon Rees     15th June 2016 The Peruvian mining industry is expected to spur renewed growth in the country as output grows, prices stabilise and revive, several speakers told a recent Peruvian-Canadian Chamber of Commerce economic outlook seminar. The recent Peruvian election was so close that the winner Pedro Pablo... 

Peruvian mining volumes continue to grow as new president takes helm
Photo by Reuters
Incoming Peruvian president Pedro Pablo Kuczynski

Oz Minerals agrees to A$24m class action settlement

By: Mariaan Webb     15th June 2016 Adelaide-based miner Oz Minerals has agreed to pay A$24-million to settle class action proceedings brought against it by former shareholders of Zinifex. Zinifex merged with Oxiana in 2008 to form Oz Minerals. Zinifex shareholders claimed that Oz Minerals had failed to disclose information to the... 

China firms to fund Congo hydropower plant to lift mining output

By: Reuters     14th June 2016 China's Sinohydro and China Railway Group will finance a $660-million hydroelectric plant in southeastern Democratic Republic of Congo which is being built to reduce the copper-mining region's power deficit. Congo is Africa's largest miner of copper and the 240 MW dam in the town of Busanga will... 

Turquoise Hill climbs on speculation Rio may take it private

By: Bloomberg     14th June 2016 Turquoise Hill Resources Ltd. soared amid speculation that its controlling shareholder  Rio Tinto Group is preparing for a commodity-price recovery by increasing its stake in the company. Rio Tinto has hired Goldman Sachs Group Inc. to advise it as the world’s second-largest miner looks into the... 

Turquoise Hill climbs on speculation Rio may take it private

Big boost for South African mining as old Comro reopens  

By: Martin Creamer     13th June 2016 The revitalisation of the South African mining industry through the resuscitation of research and development (R&D) is under way as an outcome of the Mining Phakisa, a strategy forged by 120 government, company, union and nongovernmental participants, who last year spent five weeks working... 

Big boost for South African mining as old Comro reopens
Photo by Creamer Media
CSIR mining manager Navin Singh

Mine superpower status awaits Peru if new leader can woo farmers

By: Bloomberg     10th June 2016 Arriving late to the mining boom helped Peru defy a global freeze on project spending as prices plunged. Now the pipeline’s drying up, and the country’s chances of joining neighbouring Chile as a copper superpower depend largely on the next president’s affinity with remote communities. For Pedro... 

Legal discretion dogging mine safety inquiries – Webber Wentzel 

By: Martin Creamer     10th June 2016 The only certainty about current enforcement of South Africa’s Mine Health and Safety Act is consistent uncertainty, says Webber Wentzel partner Kate Collier. Addressing a seminar on the way the Department of Mineral Resources (DMR) approaches senior mine management in the aftermath of serious... 

Legal discretion dogging mine safety inquiries – Webber Wentzel
Photo by Duane Daws
Webber Wentzel partner Kate Collier

Escondida mine, Chile

By: Sheila Barradas     10th June 2016 A copper mine in the Atacama desert, in northern Chile. 

Escondida mine, Chile

Improving froth pumping solution

By: Sascha Solomons     10th June 2016 Specialist slurry equipment solutions provider Weir Minerals is introducing the next- generation WARMAN horizontal froth pump, which features a continuous air removal system that can be applied to the company’s froth pumps already in the market. This is in line with Weir Minerals’ focus on... 

Improving froth pumping solution
RUI GOMES Being able to develop and implement changes to produce greater efficiency is important in the pumps industry

Lundin mulls interest from multiple parties on Tenke copper mine

By: Reuters     9th June 2016 Lundin Mining is weighing interest from "multiple parties" for its stake in the Tenke Fungurume copper mine in the Democratic Republic of Congo, said CEO Paul Conibear on Thursday. In June, Tenke mine operator Freeport-McMorRan agreed to sell its majority stake to China Molybdenum for... 

Mining’s rebirth under way – Ritchken 

By: Martin Creamer     9th June 2016 New joint action is being brought to bear to arrest the devastating decline of the South African mining industry, which will involve the Mining Phakisa policy intervention seeking to boost the sector by positioning it as the centrepiece within a new, cohesive mining cluster that requires... 

Mining’s rebirth under way – Ritchken
Photo by Creamer Media
Mining Phakisa strategist Edwin Ritchken

Talisman to refocus on wider Springfield deposit, develop exploration strategy

By: Samantha Herbst     9th June 2016 Having completed a high-level study assessing the potential for mining the Monty deposit, in Western Australia, ASX-listed metals developer Talisman Mining plans to shift its exploration focus from inward-looking resource definition to a more systematic exploration strategy. The company noted on... 

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