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

By: Chantelle Kotze     Updated 6 hours ago 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,... 

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... 

Copper Mountain regains momentum as ops improvements gain traction

By: Henry Lazenby The TSX-listed stock of British Columbia-based base metals producer Copper Mountain Mining on Wednesday rose after the company reported improved third-quarter results, boosted by improved copper output after a new secondary crusher was successfully installed. Despite reporting a net loss of... 

Peru's top copper and zinc mine says strike not hurting output

By: Reuters Peru's top copper and zinc miner, Antamina, said that a partial labour stoppage had not hurt its production, but the union striking for a second straight day on Tuesday said output was likely down by at least 90%. Zinc prices rose on Tuesday in part on concerns the strike would further tighten... 

Codelco offers 2015 copper premium to China at $133/t – sources

By: Reuters Chile's Codelco, the world's top copper producer, has offered a premium of $133/t for 2015 term shipments of the metal to China, two trading sources said on Tuesday. That is 3.6% down from the $138/t in 2014 for shipments to Shanghai. 

Oyu Tolgoi talks could be delayed by Mongolia political turbulence

By: Henry Lazenby Rio Tinto subsidiary Turquoise Hill Resources this week reported that negotiations to resolve tax issues with the Mongolian government regarding the massive Oyu Tolgoi copper/gold mine could be delayed after Prime Minister Norov Altankhuyag was removed when members of Parliament voted to dismiss... 

Curis shareholders vote overwhelmingly in favour of Taseko takeover

By: Henry Lazenby Curis Resources shareholders on Monday voted overwhelmingly in favour of base metals miner Taseko Mines’ friendly $78.9-million takeover bid, launched in September. TSX-listed Curis, which is developing the in-situ copper recovery and solvent extraction and electrowinning (SX-EW) Florence copper... 

Struggling miners see silver lining in FX, cheaper oil

By: Reuters Global mining companies stung by slumping commodity prices are looking forward to a modest consolation prize - weaker local currencies and falling oil prices that will help trim their costs. Metal prices have plunged to multi-year lows as the US dollar strengthened against a basket of... 

Strike at Peru's top copper mine disrupts operations

By: Reuters Workers at Peru's largest copper mine began an indefinite strike on Monday, disrupting operations, although the union leading the walkout and the Antamina mine provided differing accounts on the scale of the labour dispute's impact. Hernan Robles, a spokesperson for the SUTRACOMASA union, said... 

Weatherly inks share deal to accelerate Tschudi project

By: Natalie Greve Copper miner Weatherly International has inked a deal with investment group Polo Resources for the subscription of 30.83-million new ordinary Weatherly shares at a price of 2.9p per share to raise around £900 000. In addition, Polo has conditionally committed to subscribing for a further... 

Mining starts as Tschudi project remains on track to deliver first copper in Q2 2015

By: Leandi Kolver Mining has started at Aim-listed Weatherly International’s Tschudi copper project, in Namibia, with the project on track to produce its first copper in the second quarter of next year. “In recent weeks, we have continued to make significant advances with the development of the plant, especially... 

Logistics group opens transport depot in Copperbelt province

Logistics and supply chain group Imperial Logistics has extended its African footprint into northern Zambia, with the establishment of a transport depot in Ndola, in the Copperbelt Province of Zambia, the company announced inJune. The new Zambian registered business forms part of group company... 

Safety training prevents injuries, downtime

In response to the high incidences of workplace injuries, mining services company Group R Mining & Exploration runs training courses and safe work procedures workshops to assist its clients in empowering their workers to prevent workplace injuries, says company director Hein van Staden. “A... 

Safety training prevents injuries, downtime
Photo by Bloomberg
PAYING ATTENTION Group R Mining & Exploration offers training courses and safe work procedures that are in line with its clients’ safe working structures

Zambian mining to regain ‘world class’ status

Specialist mining engineering and project management company Roymec Technologies is working with Zambia’s mining and minerals sector to implement government initiatives aimed at “getting the sector to regain its world-class status” as a top producer of minerals, particularly copper, says Roymec... 

Zambian mining  to regain ‘world class’ status
Photo by Bloomberg
MUFULIRA COPPER MINE, ZAMBIA Roymec has supplied flocculant plants for integrated copper and cobalt producer Mopani Copper Mines
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