R/€ = 14.47 Change: 0.01
R/$ = 12.91 Change: 0.04
Au 1255.65 $/oz Change: 3.51
Pt 950.00 $/oz Change: 5.00

Copper News

Strike impacts Freeport's Grasberg mine, workers 'resigned'

By: Reuters     Updated 48 minutes ago Freeport McMoRan said on Thursday that mining and milling rates at its Grasberg copper mine, in Papua, Indonesia, have been affected as some 9 000 workers stage an extended strike, and a "large number" of approximately 4 000 absentee workers were deemed to have resigned. Escalating tensions with... 

Copper miner Atalaya reports ‘strong’ Q1 performance

By: Mariaan Webb     Updated 3 hours ago Spanish copper miner Atalaya Mining produced 8 805 t of copper in concentrate in the first quarter of 2017, which is in line with its output of the previous quarter. The company is one of Europe’s newest copper producers and operates the Proyecto Riotinto openpit mine, where commercial production... 

Orion continues Prieksa drilling programme

By: Megan van Wyngaardt     Updated 4 hours ago ASX-listed Orion Minerals on Thursday said its Prieska zinc-copper project, which it acquired in March, has delivered positive results from its ongoing deep sulphide target drilling programme. Orion is targeting dip and strike extensions to historical underground mining areas at the project, with... 

Kanmantoo offering Hillgrove more upside

By: Esmarie Swanepoel     25th May 2017 Copper/gold miner Hillgrove Resources has earmarked a number of organic growth opportunities which it will assess later in 2017, including an opportunity for near-mine growth at its Kanmantoo mine, in South Australia. An exploration target of between five-million and ten-million tonnes, with a... 

Teck Resources says does not expect snow melt to materially affect copper mine

By: Reuters     24th May 2017 Canadian miner Teck Resources does not expect a material impact on production at its Highland Valley copper unit because of unusual spring weather earlier in May, a spokesperson said on Wednesday. The Vancouver-based company said on May 7 that rapidly melting snow had caused water to flow into... 

Acacia’s shares fall as Tanzania committee says it under-declared concentrate exports

By: Creamer Media Reporter      24th May 2017 Acacia Mining’s share price on the LSE fell by more than 20% on Wednesday after it reported that a Tanzanian Presidential Committee that was set up to investigate if mining companies are paying their fair share of taxes, had found that the gold miner had not fully declared all minerals contained... 

Coventry and Vista consolidate Alaska projects under new name

By: Esmarie Swanepoel     24th May 2017 ASX-listed Coventry Resources has announced plans to acquire Vista Minerals, with the combined entity to be renamed Polaris Minerals. Vista Minerals holds the Stellar copper/gold project, in Alaska, which is contiguous with Coventry’s own Caribou Dome project, with the company saying on... 

Coventry and Vista consolidate Alaska projects under new name

Vedanta hits production high spot at Black Mountain

By: Martin Creamer     24th May 2017 Diversified mining company Vedanta has achieved its highest quarterly production in four years at Black Mountain in South Africa, where the Gamsberg zinc project is on track to begin production towards the middle of next year. In addition, mobilisation on the Skorpion pit layback, in neighbouring... 

Vedanta hits production high spot at Black Mountain
Photo by Bloomberg
Vedanta chairperson Anil Agarwal

Despite production disruptions, copper saw February surplus of 150 000 t

By: Henry Lazenby     24th May 2017 Analysis of the latest data published by the International Copper Study Group (ICSG) showed global surplus copper output of 150 000 t in February, despite disruptions at massive key mines in Chile and Indonesia. The ICSG ascribed the surplus mainly to a sharp decline in Chinese apparent demand,... 

Despite production disruptions, copper saw February surplus of 150 000 t

Ivanhoe receives final instalment from Zijin for Kamoa stake

By: Creamer Media Reporter      23rd May 2017 TSX-listed Ivanhoe Mines has received the final installment of $41.2-million owing from a subsidiary of Zijin Mining Group as part of a strategic codevelopment agreement under which Zijin acquired 49.5% of Ivanhoe’s majority stake in Kamoa Holding for $412-million. Kamoa Holding has an indirect... 

Thos Begbie’s global quality status boosted by on-the-spot Dekra 

By: Martin Creamer     23rd May 2017 The same-site working relationship that Thos Begbie has established with global quality inspectorate Dekra Industrial RSA is giving the prolific exporter of copper castings a commercial edge in its global dealings with mining and smelter-related customers worldwide. Thos Begbie now hosts the... 

Thos Begbie’s global quality status boosted by on-the-spot Dekra
Engineering News Online’s Martin Creamer talks to Thos Begbie’s Edwin Dreyer and Dekra’s Johan Gerber. Photographs: Duane Daws. Video: Nicholas Boyd. Video Editing: Lionel da Silva.

Georgian Mining raises $7m for copper/gold exploration

By: Mariaan Webb     23rd May 2017 Aim-listed copper and gold developer Georgian Mining has raised $7-million in an oversubscribed placing to expand the resource at its Kvemo Bonisi (KB) project in Georgia. The project, located on the Tethyan belt, which is host to multiple high grade copper/gold deposits and producing mines in... 

Georgian Mining raises $7m for copper/gold exploration

Glencore predicts Opec insulated from electric vehicle impact

By: Reuters     23rd May 2017 Opec nations that deliver some of the lowest cost production will be relatively insulated from an early peak in oil demand caused by any faster-than-expected roll-out of electric vehicles, Glencore's chairman said on Monday. Members of the Organization of the Petroleum Exporting Countries meet... 

Glencore predicts Opec insulated from electric vehicle impact
Glencore chairperson Tony Hayward

Freeport Indonesia workers to strike for second month - union

By: Reuters     21st May 2017 An estimated 9 000 workers at the giant Grasberg copper mine operated by the Indonesian unit of Freeport McMoRan Inc will extend a strike for a second month, a union official said on Saturday, in an ongoing dispute over employment terms and layoffs. Freeport is at loggerheads with Indonesia over... 

Zambia, First Quantum seen resolving $1.4bn dispute in June

By: Reuters     21st May 2017 A row that saw a State-owned Zambian company sue Canadian miner First Quantum Minerals for $1.4-billion is likely to be resolved by June, the southern African nation's Presidency said on Saturday. First Quantum asked a Zambian court in February to dismiss the suit from Zambia Consolidated Copper... 

Miners ask Congo to adjust tax repayments for franc slump

By: Bloomberg     19th May 2017 Mining companies in the Democratic Republic of Congo asked the government to adjust pending value-added tax repayments for a slump in the franc that could cost them as much as $210-million collectively. Federation des Entreprises du Congo, the country’s largest business lobby group, sent the... 

Inflated base case prices could dent confidence in mine development

By: Henry Lazenby     19th May 2017 Project valuations based on elevated price assumptions in the absence of more reasonable scenarios to provide a more balanced view to the market is potentially damaging to the credibility of management teams, their consultants and the mining industry as a whole, London-based boutique investment... 

Inflated base case prices could dent confidence in mine development

Alcohol, education longterm solution to abuse

By: Simone Liedtke     19th May 2017 Testing backed up by educational programmes is a tried and tested method, proven to reduce alcohol-related incidents, drive down absenteeism and improve overall productivity in the mining sector, alcohol detection technology and services provider Alco-Safe director Rhys Evans tells Mining Weekly. 

Alcohol, education longterm solution to abuse
EFFECTIVE TESTING Testing needs to be carried out every single day as part of the mine’s standard health and safety policy to be effective

Fibre-optic pyrometer offers South Africa greater accuracy

By: Nadine James     19th May 2017 The South African minerals and metals processing industry has yet to take advantage of the fibre-optic Calex Fibre-Mini pyrometer, compared with the response from international markets, which has been favourable. The pyrometer, used to measure temperatures of reflective metals, was developed by... 

Fibre-optic pyrometer offers  South Africa greater accuracy
FIBRE-MINI PYROMETER The fibre-optic sensing head withstands up to 200 °C ambient temperature

Furnace projects to impact mining giant’s nickel, copper

     19th May 2017 Brazilian miner Vale will execute a furnace rebuild project at its Canada-based Sudbury nickel and copper smelting operation, in Ontario, thereby impacting on the miner’s 2017 production of these metals. In its first quarter performance report released last month, Vale stated that nickel and... 

Furnace projects to impact mining giant’s nickel, copper
Photo by Reuters
FLASHY UPGRADES The $88-million capital expenditure will fund maintenance and strategic projects, such as increasing the power capacity of one of the furnaces

Legislation plays ‘big role’ in uptake of healthcare services 

By: Simone Liedtke     19th May 2017 In many countries, health and safety legislation is either nonexistent or not effectively enforced and, therefore, greatly influences the number of mining-related work opportunities available for healthcare service providers, such as International SOS in Midrand, South Africa 

Legislation plays  ‘big role’ in uptake  of healthcare services
International SOS medical director Dr Charl van Loggerenberg speaks about 'Duty of Care' and the company's services and products. Camerawork: Nicholas Boyd. Editing: Lionel da Silva

Time to get PDS-ready is now

By: Simone Liedtke     19th May 2017 As of June, all new original-equipment manufacturer (OEM) trackless mobile machines (TMMs) bought by mining houses need to be proximity detection system- (PDS-) ready. 

Time to get PDS-ready is now
PROXIMITY DETECTION SYSTEMS The Booyco PDS warns when pedestrians enter the area around a machine

New cost-slashing platinum technology gaining impressive momentum

By: Martin Creamer     18th May 2017 The new cost-slashing, time-saving, capital-unlocking, mine-broadening and cobalt-saving platinum technology, driven by diversified mining company Pallinghurst and South Africa’s State-owned Industrial Development Corporation (IDC), is gaining impressive international momentum as an initiative... 

New cost-slashing platinum technology gaining impressive momentum
Photo by Duane Daws
Pallinghurst chairperson Brian Gilbertson (centre), Pallinghurst CEO Arne Frandsen (right) in an earlier discussion with Martin Creamer on the new platinum technology.

Shadow Minerals Minister warns of ‘disastrous’ mining outlook 

By: Martin Creamer     18th May 2017 Shadow Mineral Resources Minister James Lorimer forecasts that South Africa’s new minerals legislation and new charter will be “disastrous” for an industry already crippled by hugely diminished capital injection and massive year-on-year job loss. The Opposition Democratic Alliance (DA) MP, who... 

Shadow Minerals Minister warns of ‘disastrous’ mining outlook
Shadow Mineral Resources Minister James Lorimer

$5.48bn Panama project on track for 2018 commissioning

By: Esmarie Swanepoel     18th May 2017 The $5.48-billion Cobre Panama copper project, being developed by First Quantum Minerals, is on track for commissioning in 2018. Speaking at the Paydirt Latin America Downunder conference, in Perth, First Quantum global exploration director Mike Christie said on Thursday that the company was... 

Zambian government says close to agreement with mines on electricity price rises

By: Reuters     18th May 2017 Zambia is close to reaching an agreement with mining companies over its plans to increase electricity prices, Finance Minister Felix Mutati said on Wednesday. The government last month proposed introducing a flat tariff of $0.093/kWh backdated to January for mining companies, instead of... 

First Quantum executive director Rowley resigns

By: Henry Lazenby     18th May 2017 One of the co-founders of Canadian base metals producer First Quantum Minerals Martin Rowley will retire on June 30. He co-founded the company with Philip Pascall and Clive Newall in 1996, and served as CFO and director until 2007, when he assumed the role of executive director for business... 

Report sketches optimistic outlook for BC mining sector

By: Creamer Media Reporter      17th May 2017 The mining industry in British Columbia is cautiously optimistic as prices of key metal and resource commodities either rose or stabilised in 2016, new analysis by professional services firm PwC Canada has found. The trend continued into the first quarter, building on net mining revenues rising... 

ERG’s DRC mine delivers 35% increase in copper output

By: Megan van Wyngaardt     17th May 2017 Frontier mine, owned by Eurasian Resources Group (ERG), has delivered more than 107 000 t contained copper in concentrate in 2016, an 35% year-on-year increase in output. ERG on Wednesday said the growth at its flagship mine, in the Democratic Republic of the Congo (DRC), came on the back of its... 

Ivanhoe’s Kamoa-Kakula in DRC now holds 1bn-tonne resource

By: Megan van Wyngaardt     17th May 2017 TSX-listed Ivanhoe Mines’ Kakula discovery, at its Kamoa-Kakula copper project, in the Democratic Republic of Congo (DRC), now contains indicated resources of 116-million tonnes at 6.09% copper, plus inferred resources of 12-million tonnes at 4.45% copper, at a 3% cut-off. The new estimate... 

Colombia's mining sector could receive $1.5bn/y over 5 years

By: Reuters     16th May 2017 Mining could become Colombia's economic growth engine with investments of at least $1.5-billion a year over the next five years if the government guarantees legal certainty to businesses, the industry's top representative said on Tuesday. Major mining companies are urging the government to... 

Glencore says electric car boom is coming faster than expected

By: Bloomberg     16th May 2017 Glencore CEO Ivan Glasenberg said the rise of electric cars will significantly boost demand for minerals including copper and lithium in the coming decades. “The electric vehicle revolution is happening and its impact is likely to be felt faster than expected,” Glasenberg told investors at an... 

Glencore says electric car boom is coming faster than expected
Photo by Duane Daws
Glencore CEO Ivan Glasenberg

Peru economy grows in March vs yr ago despite floods

By: Reuters     15th May 2017 Peru's economic output grew 0.71% in March compared with the same month a year earlier, beating expectations in a Reuters poll for a contraction of 0.5%, the government's national production indicator showed on Monday. It marked the smallest annual gain since November 2014, the national... 

Botswana proposes debt for equity deal for troubled BCL Mine

By: Reuters     15th May 2017 Botswana's government has offered its State-owned BCL Mine to the Emirates Investment House (EIH) for a token price of $1 in a deal that will result in the Emirati firm taking over the mine's debts, minerals minister Sadique Kebonang said. Since being placed under provisional liquidation in... 

Canadian miners among suitors for BHP's Chile copper mine – sources

By: Reuters     13th May 2017 Canada's Teck Resources , Lundin Mining and HudBay Minerals are among a number of suitors that have submitted bids for BHP Billiton's Cerro Colorado copper mine, in Chile, people familiar with the matter said. The Anglo-Australian miner expects the asset to fetch as much as $800-million, the... 

Northern Dynasty and US environmental agency settle long-standing Pebble permitting dispute 

By: Henry Lazenby     13th May 2017 Canadian project developer Northern Dynasty Minerals has reached a settlement with the US Environmental Protection Agency (EPA) allowing the company to proceed with proposing a development plan and seeking an environmental impact statement (EIS) from the US Army Corps of Engineers for its... 

Northern Dynasty and US environmental agency settle long-standing Pebble permitting dispute
Photo by Northern Dynasty Minerals
Pebble, Alaska

Lundin approves €257m Portugal zinc expansion

By: Mariaan Webb     12th May 2017 Base metals miner Lundin Mining has approved the €256.5-million Zinc Expansion Project (ZEP) at its Neves-Corvo mine, in Portugal, which will more than double the operation’s zinc production. Announcing the results of a positive feasibility study for ZEP, CEO Paul Conibear reported this week... 

Lundin approves €257m Portugal zinc expansion

Alecto’s Mowana now producing full-time

By: Natasha Odendaal     12th May 2017 Africa-focused gold and copper exploration and development company Alecto Minerals on Friday announced that its Mowana copper mine, in Botswana, has developed into a full-time copper production operation. Following the first blasts at the end of April, a successful trial period produced over 1... 

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