http://www.miningweekly.com

Global Mining News in real time

Copper News

Peru copper mine Antamina says weaker output to end over medium term

By: Reuters Antamina, Peru's top copper mine, said on Friday it expects a period of weaker production to subside in "the medium term." The mine, in which BHP Billiton and Glencore Xstrata each have 33.75% stakes, produced 246 851 t of copper in the first eight months of 2014, 14% less than in the same... 

SA group delivering components of 1 100 t headgear to Zambian mine

By: Chantelle Kotze Heavy engineering group of companies Steel Services & Allied Industries (SS&AI) is delivering the components to site for a 1 100 t steel headgear manufacturing project, which is expected to be erected at the end of the year at the Mopani copper mine, in Zambia. 

SA group delivering components of 1 100 t headgear to Zambian mine
LARGE UNDERTAKING The longest abnormal piece of steelwork used in the headgear project was more than 13-m-long and weighed about 30 t

Vale lifts Q3 iron-ore output to historic highs

By: Henry Lazenby Diversified Brazil-based miner Vale on Thursday reported record iron-ore output for the third quarter ended September 30, boosted by quarter-on-quarter gains in all its business segments. Vale said iron-ore output was 85.7-million tonnes in the period, underpinned by the ramp-ups of Plant 2 at... 

Vale lifts Q3 iron-ore output to historic highs

Chile Congress gives green light to Codelco capitalisation

By: Reuters Chile's Congress approved late Wednesday the government's capitalisation plan for Codelco, which will see the state copper firm receive $4-billion over the next five years to help fund an ambitious investment programme. The Chilean government announced in August that it planned to give Codelco,... 

Less Eskom coal, fewer S African diamonds, less refined platinum, lower iron-ore sales – Anglo

By: Martin Creamer Diversified mining company Anglo American on Thursday reported 12% lower coal production for South Africa’s State electricity utility Eskom, 31% less refined platinum production, 4% lower iron-ore exports and fewer diamond carats from South African diamond mines, in the three months to September... 

Less Eskom coal, fewer S African diamonds, less refined platinum, lower iron-ore sales – Anglo
Photo by Duane Daws
Anglo CEO Mark Cutifani

Nautilus Minerals steps closer to releasing PNG funding

By: Henry Lazenby Prospective seafloor miner Nautilus Minerals has satisfied one of the conditions precedent to releasing $113-million, which its project partner – the Papua New Guinea government – had paid into escrow in May, representing the balance of the State’s 15% share of capital required to complete the... 

Chieftain Metals reports strong project feasibility optimisation

By: Henry Lazenby The proponent of the Tulsequah Chief polymetallic project, in British Columbia, Chieftain Metals, late on Monday published the results of an optimised feasibility study, aimed at improving the financeability of the project in the current difficult market. The 2014 feasibility update, prepared by... 

Chieftain Metals reports strong project feasibility optimisation

Tiger ups production as SX-EW plant hits nameplate

By: Esmarie Swanepoel Copper cathode producer Tiger Resources has reported a significant surge in production after its solvent extraction electrowinning (SX-EW) plant, at its Kipoi project in the Democratic Republic of Congo, reached nameplate capacity. First copper cathode was produced in May this year, and the... 

Tiger closes deal to fully acquire Kipoi copper play

By: Natalie Greve ASX-listed Tiger Resources has completed the acquisition of the remaining 40% shareholding in Société d’Exploitation de Kipoi (SEK), the owner of the Kipoi copper project, in the Democratic Republic of Congo (DRC). SEK was now a wholly-owned subsidiary of Tiger, with the deal having followed the... 

Hillgrove reports solid quarter

By: Esmarie Swanepoel Copper miner Hillgrove Resources has reported solid production in the third quarter, despite it being only a two-month quarter as the company aligned its financial year to the calendar year. For the two months ended September, Hillgrove’s Kanmantoo copper mine, in South Australia, delivered 4... 

China metals demand seen up in 2015, copper at least 6%

By: Reuters China's consumption of refined copper is expected to rise at least 6% in 2015, roughly in line with this year, supported by new investment in power networks and demand from rail projects, analysts and industry executives said. An expected slowdown in new residential and commercial building... 

Chile cuts copper production forecast for 2014

By: Reuters Chile reduced its forecast for production of copper in 2014 to 5.83-million tonnes, down from a previous prediction for 5.95-million tonnes. State copper commission Cochilco said on Friday that the country, the world's top copper producer, would likely produce a record 6.23-million tonnes in 2015. 

CAER refuses to rewrite Sandfire profile

By: Esmarie Swanepoel The Centre for Australian Ethical Research (CAER) on Friday rejected claims that it would rewrite its profile of copper miner Sandfire Resource, which resulted in the Australian National University (ANU) dumping its stock earlier this month. Following a review by CAER, the ANU took the decision... 

Burgess waves goodbye to Oz

By: Esmarie Swanepoel Terry Burgess stepped down as chief of ASX-listed Oz Minerals on Friday, to be replaced by Andrew Cole on December 3. In the interim, CFO Andrew Coles would be acting as CEO until Cole could take his position as MD and CEO. Burgess has also agreed to assist the company until the end of the year... 

Peru rules out tax breaks or subsidies to counter slowdown

By: Reuters Peru's government has ruled out cutting taxes or introducing subsidies to encourage investment and cushion export sectors from the worst economic slowdown in five years, the minister responsible for industry said on Thursday. The government said earlier this year that it was considering... 

Draft counterflow cooling towers ideal for cooling slurry

By: Bruce Montiea With the copper mining industry in mind, industrial cooling tower systems provider Industrial Water Cooler (IWC) designs and manufactures forced draft counterflow cooling towers for the specific pressure-leach process used in copper mining. IWC MD Roger Rusch says the cooling towers excel at... 

Draft counterflow  cooling towers ideal for cooling slurry
Photo by Bloomberg
COOLED SLURRY The cooling towers excel at cooling slurry with high levels of solids

Reliable temperature control solutions prevent lost time

By: Bruce Montiea Temporary power and temperature-control solutions supplier Aggreko can provide mining companies with reliable solutions, enabling them to continue their operations without interference such as equipment breakdowns or maintenance downtime, says Aggreko Southern Africa GM Martin Foster. “Our... 

Reliable temperature  control solutions  prevent lost time
COOLING SYSTEM Aggreko supplies a full range of water and air-cooled chillers, cooling towers and bulk air coolers, all utilising an environment-friendly refrigerant system

Renewable energy a tough sell for prospective RoF developers

By: Henry Lazenby Among the many challenges facing as many as 20 mining companies holding claims in the Ring of Fire (RoF) mineral region of Northern Ontario, the most significant might be the limited infrastructure. However, besides having to deal with exploration, project planning, First Nations negotiations and... 

Renewable energy could open door to social licence for new mines in RoF 

By: Henry Lazenby A poll released on Thursday revealed that First Nations living in the remote far northern reaches of Ontario, including near the latent Ring of Fire minerals-rich district, would be more agreeable to allow mining projects to take root near their communities if the mines were to make use of... 

Renewable energy could open door to social licence for new mines in RoF

SA’s mineral resources are auto industry’s only true advantage – Van Zyl

By: Irma Venter The only real competitive advantage the local automotive industry has over international competitors is the availability of natural resources in the country, says National Association of Automobile Manufacturers of South Africa president and Toyota South Africa Motors CEO Dr Johan van Zyl. “We... 

China's MMG to spend $3bn to finish Peru mine by early 2016

By: Reuters China's MMG Ltd said it will spend about $3-billion completing the huge Las Bambas copper mine in Peru, more than previously expected, and will slightly delay the start of production to the first quarter of 2016. MMG led a Chinese consortium that bought Las Bambas, set to become the world's... 

DeGrussa delivers another strong quarter for Sandfire

By: Esmarie Swanepoel Copper and gold miner Sandfire Resources has reported a solid quarter of production from its DeGrussa operation, in Western Australia, during the three months ended September. Copper production decreased slightly from 16 446 t in the June quarter to 16 064 t, while gold production edged up from... 

R50m virtual reality centre set to revolutionise mine design

By: Martin Creamer The University of Pretoria’s new virtual reality mine design centre, which is on track to go into test mode in April, is set to revolutionise both surface and underground mine design. A total of R50-million is being invested in the centre, which will be put into a three-month test phase ahead of... 

R50m virtual reality centre set to revolutionise mine design
Photo by Creamer Media
Prof Ronny Webber-Youngman (right) and Martin Creamer

With Glencore lurking, Rio Tinto stake gives Chinalco global clout

By: Reuters A seat on the board, a bigger role in the world's largest mining company, a copper project in Peru or full control of an iron-ore project in Guinea. Those are the sort of prizes Chinese aluminium firm Chinalco, the top shareholder in Rio Tinto, is likely to be looking for as trading giant... 

With Glencore lurking, Rio Tinto stake gives Chinalco global clout
The headquarters of Aluminum Corp. of China (Chinalco) in Beijing, China. Glencore has reportedly opened talks with Chinalco - Rio Tinto's top shareholder - to gauge interest in a tie-up with the diversified major.

Trafigura seeks to oust EMED board in fight over Rio Tinto mine

By: Reuters Commodities trader Trafigura, top shareholder in London-listed EMED Mining, is seeking investor support to oust all of the firm's board directors but one in the latest twist in a battle over Spain's Rio Tinto copper mine. The trader in raw materials and rival investor in Spanish mining, seeking... 

Trafigura seeks to oust EMED board in fight over Rio Tinto mine

Mick Davis X2 now sitting on nigh-$5bn war chest

By: Martin Creamer Old Xstrata recollections were reignited on Tuesday as former Xstrata CEO Mick Davis announced that his new X2 Resources had garnered in another $1-billion to take the incipient mining company towards financial reserves of close on $5-billion. A number of new investors have taken the X2 total up... 

Mick Davis X2 now sitting on nigh-$5bn war chest
Photo by Duane Daws
Flashback Mick Davis picture

Report warns of additional copper price weakness in 2015

By: Natalie Greve The copper market continues to fight strong downward pressure from increased supply, a weaker demand growth outlook and fears of metal previously tied up in financing coming back to the market, setting the scene for further price weakness, an updated report by Thomson Reuters GFMS has revealed.... 

Report warns of additional copper price weakness in 2015

Global copper market to swing to surplus in 2015 for first time in 5 years

By: Henry Lazenby A global copper industry think tank on Tuesday said the copper market, which had been in a supply deficit for the past five years, would swing to a surplus. The International Copper Study Group (ICSG) met in Lisbon, Portugal, on Monday and Tuesday, after which it published its copper market... 

Global copper market to swing to surplus in 2015 for first time in 5 years

First Quantum says Zambia royalty hike will hit investment, jobs

By: Reuters Zambia's largest foreign investor, Canadian mining group First Quantum Minerals, warned on Tuesday that the country's decision to raise mining royalties from 2015 would discourage future ventures and hit jobs. Zambia will increase underground mining royalties to 8% from 6% from next year as part... 

First Quantum says Zambia royalty hike will hit investment, jobs

Platinum producers top mining/metals companies in sustainability data transparency index

By: Tracy Hancock The 2014 IRAS Sustainability Data Transparency Index (SDTI) report has been published, with platinum producer Anglo America Platinum (Amplats) topping the mining/metals companies list and ranking second out of the more than 300 companies assessed throughout South Africa and across all sectors in... 

Oz Minerals set to meet FY copper/gold guidance

By: Esmarie Swanepoel ASX-listed Oz Minerals has reported an increase in copper and gold production during the three months to September, as record plant throughputs were achieved. Oz Minerals, which operates the Prominent Hill mine in South Australia, reported on Tuesday that copper production for the quarter under... 

Oz Minerals set to meet FY copper/gold guidance
First
Prev
1
2 3 4 5 6 7 8 9 Next Last
RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

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

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
R/€ = 13.85Change: 0.03
R/$ = 10.93Change: 0.05
Au 1231.31 $/ozChange: -0.06
Pt 1248.50 $/ozChange: -1.00