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Copper News

Congo's Gecamines to set new rules on mining proceeds

By: Reuters     19th September 2017 Congo's Gecamines will implement new controls to "hold its partners accountable" in copper and cobalt projects, the state miner said on Tuesday. Gecamines' partners on mining projects include Glencore, China Molybdenum and Ivanhoe. The company said it will initiate discussions with its partners... 

Orion seeks to develop new, modern copper mine over historical success

By: Natasha Odendaal     18th September 2017 With a secondary listing on the JSE now firmly under its belt, Australian base metals firm Orion Minerals is looking to reignite the development of a South African mining asset it believes was abandoned well before its prime – the Prieska zinc/copper project, in the Northern Cape. However, for... 

Orion seeks to develop new, modern copper mine over historical success
Photo by Duane Daws
Orion CEO Errol Smart

Avanco revises Jaguar deal

By: Esmarie Swanepoel     18th September 2017 ASX-listed junior Avanco Copper has revised its agreement with TSX-listed Jaguar Mining over the CentroGold project, in Brazil. The two companies in 2016 entered into an A$8.45-million earn-in agreement under which Avanco could take full ownership of the project through various instalments. 

Research consortium to spend A$14.6m on South Australian copper

By: Esmarie Swanepoel     18th September 2017 he South Australian government will spend A$4-million over the next four years on a research consortium, led by the University of Adelaide, to develop advanced technologies to boost copper production and to develop a globally competitive mining technology services sector. The University of... 

African copper, nickel mines on Coal India radar as miner diversifies

By: Ajoy K Das     18th September 2017 Having decided to evolve into a diversified resource major from a pure play coal miner, Coal India Limited (CIL) has identified copper and nickel mines in Africa for its maiden overseas foray into noncoal minerals. KPMG has been appointed to prepare the roadmap that will see CIL emerge as a... 

Freeport seen facing more battles over world's top gold mine

By: Bloomberg     18th September 2017 The landmark deal that forced Freeport-McMoRan to cede controlling interest in the world’s biggest gold mine and second-largest copper mine to Indonesia may not be the final outcome as both sides prepare for a politically charged fight over the price of the asset and how it will be run, according... 

Orion on track to develop Prieska zinc/copper project

By: Anine Kilian     15th September 2017 ASX-listed Orion Minerals, which will list on the Johannesburg Stock Exchange on Monday, is focused on fast -tracking the development of its Northern Cape-based Prieska zinc/copper project. The company plans to leverage the secondary listing to open up more efficient local funding options through... 

Orion on track to develop Prieska zinc/copper project
Orion CEO Errol Smart

Fight for world's biggest gold mine isn't over – former CEO says

By: Bloomberg     15th September 2017 The landmark deal that forced Freeport-McMoRan to cede control of the world’s biggest gold mine and second-biggest copper mine to Indonesia may not be the final outcome as both sides prepare for a politically charged battle over the price of the asset and how it will be run, according to the US... 

800 000 t copper output by year-end conservative estimate

By: Simone Liedtke     15th September 2017 Copper production in Zambia will reach just more than 800 000 t by the end of this year as the country is taking steps to regain its position as Africa’s leading copper producer, according to Zambia Chamber of Mines (CoM) initiative Mining for Zambia (MFZ). “This is a conservative estimate,... 

800 000 t copper output by year-end conservative estimate
DRAWING DOLLARS $12.4-billion was invested in new mining ventures in Zambia from 2000 to 2014 by just six mining companies

German companies to display digital solutions for Zambian mines

By: Simone Liedtke     15th September 2017 Nonprofit organisation, the Southern African-German Chamber of Commerce and Industry, is aiming to invite more German companies to Zambia to display digital solutions for mining and Industry 4.0, following the success of its German-Zambian Business Forum. SA-German Chamber Lusaka office head... 

German companies to display digital solutions for Zambian mines
BUSINESS FIRST The first German-Zambian Business Forum was held in Lusaka, Zambia, earlier this year to strengthen economic ties between Germany and Zambia

Hydrogen detection solutions to increase safety at Zambian mines

By: Simone Liedtke     15th September 2017 Tshwane-based industrial solutions provider RTS Africa Engineering (RTS) believes that Zambia offers a “strong and vibrant mining economy” and is currently in the process of entering the Zambian mining market to provide increased safety at mines through its hydrogen detection solutions. 

Hydrogen detection  solutions to increase safety at Zambian mines
HIGHLY VERSATILE The H2Scan Hy-Alerta 500 instrument is a “highly versatile” hand-held detection device

Kalumbila facility will service global mining industry

     15th September 2017 By the first quarter of 2018,  a building site in Kalumbila, in North-Western province, in  Zambia, will be transformed into a $40-million manufacturing facility that will produce high-quality mill-balls for mines in Zambia, neighbouring countries and the world market, says Zambia Chamber of... 

Kalumbila facility will service global mining industry
TANGIBLE EXCITEMENT There’s a tangible feeling of excitement in the air at Kalumbila with the coming of the ME Elecmetal plant

New bulk materials solution supplied to Kansanshi

By: Simone Liedtke     15th September 2017 Bulk materials handling solutions provider Martin Engineering introduced the company’s newest primary cleaner offering, the CleanScrape, to Zambia, following its launch at Electra Mining, which was held at the Nasrec Expo Centre, in Johannesburg, last year. The primary cleaner has been supplied... 

New bulk materials solution supplied to Kansanshi
CLEANSCRAPE The primary cleaner has been supplied to mining company First Quantum Minerals’ Kansanshi mine

Nitrogen generator offers Zambian mines extended tyre life

By: Simone Liedtke     15th September 2017 There are several opencast mines on the Copperbelt in Zambia using large haul trucks to transport ore from the pit for crushing and processing, and extending the life of tyres plays a significant role in cutting costs and improving production, says on-site nitrogen gas generator supplier NitraLife. 

Nitrogen generator offers Zambian mines extended tyre life
NITROGEN GENERATOR Minimal maintenance is needed to keep the NitraLife generator operating effectively

Peristaltic pumps operating at Zambian mines

By: Simone Liedtke     15th September 2017 Randburg-based industrial equipment supplier Verder Pumps’ Verderflex (VF) 125 peristaltic pump is in operation at mining company Kansanshi Mining’s Zambia-based Kansanshi copper mine and is undergoing testing at two other Zambian mines, as well as mines in the Democratic Republic of Congo.... 

Peristaltic pumps operating at Zambian mines
VERDERFLEX 125 The peristaltic pump is in operation at the Kansanshi copper mine

Reopening of mines to stabilise employment, improve tax revenues

By: Simone Liedtke     15th September 2017 Zambia Chamber of Mines, and its initiative Mining for Zambia (MFZ), is enthusiastic about the reopening of mining operations in Zambia, which it says will not only result in increased copper production but also translate into stabilised employment levels in the country and improved tax revenues... 

Reopening of mines to stabilise employment, improve tax revenues
CONTRIBUTION TO DEVELOPMENT The mining sector contributes to Zambia’s socioeconomic development through the creation of jobs and new business opportunities

Second Copper Cobalt Africa Conference to be held next year

     15th September 2017 Educational institution Southern African Institute of Mining and Metallurgy (SAIMM) will host the second Copper Cobalt Africa Conference at the Avani Victoria Falls Resort, in Livingstone, Zambia, in July next year. 

Second Copper Cobalt Africa Conference to  be held next year
Photo by Bloomberg
INDUSTRY REVIVAL The African Copperbelt is again experiencing a resurgence of activity following the commodity downturn of recent years

Solutions provider helping Zambia tackle mining challenges

By: Simone Liedtke     15th September 2017 The mining and mineral processing sectors present some of the most challenging production environments, as the large-scale operations are often located in harsh, remote areas, explains technical solutions provider BMG.  

Solutions provider  helping Zambia tackle mining challenges
LONG-TERM SUSTAINABILITY To ensure the long-term sustainability of a mine, it is essential to always keep operating costs down

Specialist helps Zambian mines save on maintenance costs

     15th September 2017 More and more mines in Zambia are seeing the benefits and the profitable returns of investing in condition monitoring, with a direct positive impact on productivity and machine availability, and reduced maintenance costs, enthuses condition-monitoring specialist WearCheck. 

Specialist helps Zambian mines save  on maintenance costs
NEIL ROBINSON Customers are able to see for themselves the savings on the bottom line that are attributable to condition monitoring

Zambian interest in heavy-duty equipment range

By: Simone Liedtke     15th September 2017 The trommel screens and apron feeders from engineering solutions developer Ireland-based MDS International (MDS) are of particular interest on the Zambian Copperbelt, states bulk materials handling equipment distributor BLT. Designed by MDS for mineral processing and recycling applications, BLT... 

Zambian interest  in heavy-duty equipment range
HIGHLY ACCURATE The MF0814T tracked material feeder has a holding capacity of up to 100 t and is designed for high discharge control accuracy

Professionals at Codelco's Radomiro Tomic mine ink wage deal

By: Reuters     14th September 2017 Chile's state-run copper company Codelco has signed a new collective contract with the professionals' union at its Radomiro Tomic mine, the company said on Thursday. The agreement, which will last 35 months, includes no salary adjustment, but does give workers a one-time bonus of 6.35-million... 

Euro Sun awards contract for Rovina bankable feasibility study

By: Mariaan Webb     14th September 2017 SX-listed Euro Sun has awarded the bankable feasibility study (BFS) contract for its Rovina Valley gold and copper project, in Romania, to SRK Consulting (Canada) and Ausenco Engineering Canada. Announcing the award of the BFS on Thursday, Euro Sun said SRK would provide expertise in geology,... 

Improved fundamentals prompt Moody’s to adjust higher several commodity price sensitivity ranges

By: Henry Lazenby     14th September 2017 Improved fundamentals amid global economic growth are expected to sustain a higher pricing environment for the global base metals industry, prompting credit ratings firm Moody’s Investors Service to adjust higher the price sensitivity ranges for copper, iron-ore, and metallurgical and thermal... 

Improved fundamentals prompt Moody’s to adjust higher several commodity price sensitivity ranges

Orvana lifts 2018 guidance 25%

By: Henry Lazenby     14th September 2017 Gold and copper miner Orvana Minerals has issued its new production guidance for 2018, aiming 25% higher than that of the current year. The TSX-listed miner, which owns mines in Spain and Bolivia, advised on Wednesday that fiscal 2018 gold output is estimated between 110 000 oz to 120 000 oz, at... 

All-season road to Canadian Zinc’s Prairie Creek mine proceeds to regulatory phase

By: Henry Lazenby     14th September 2017 The Mackenzie Valley Environmental Impact Review Board has recommended approval for a proposed all-season road for Canadian Zinc's Prairie Creek mine project, in the Northwest Territories. The review board issued its ‘Report of Environmental Assessment and Reasons for Decision’ on Tuesday and... 

Chamber agrees to Minister's written undertaking

By: Martin Creamer     13th September 2017 The Chamber of Mines advises that, following an approach by legal counsel representing Mineral Resources Minister Mosebenzi Zwane, it has reached an agreement with him through his legal counsel in respect of the chamber’s urgent interdict to prevent the implementation of Mining Charter Three, as... 

Chamber agrees to Minister's written undertaking
Chamber of Mines CEO Roger Baxter

Tethyan Resources gives listing, project updates

By: Anine Kilian     13th September 2017 Dual-listed Tethyan Resources’ decision to delist from the London’s Aim was based on the board’s consideration of challenging macroeconomic conditions and the additional costs that come with maintaining two listings. Speaking to Mining Weekly Online on Wednesday, COO Fabian Baker explained that... 

Archer finds copper in cobalt hunt

By: Esmarie Swanepoel     13th September 2017 The share price of ASX-listed Archer Exploration increased by nearly 22% on news of a copper discovery at Broken Hill, in New South Wales. Archer on Wednesday reported the discovery of two new large copper targets at the North Broken project, some 20 km north of Broken Hill, while hunting for... 

Master Drilling posts resilient interim results, continues technological innovation focus

By: Mia Breytenbach     12th September 2017 Two additional machines and the impact of favourable foreign-exchange movements have contributed to a 12.5% increase in JSE-listed drilling services provider Master Drilling’s revenue to $60.5-million for the six months ended June 30. The group added two raise-bore machines during the period... 

Master Drilling posts resilient interim results, continues technological innovation focus

Ivanhoe confident of expanding Kamoa-Kakula into a top three global copper deposit

By: Natasha Odendaal     11th September 2017 TSX-listed Ivanhoe Mines is confident that the Kamoa-Kakula deposit, ranked the fifth-largest copper deposit in the world, will take one of the top three rankings on the back of the “unprecedented rate of growth” of the high-grade copper resources in the Democratic Republic of Congo (DRC).... 

Demand for quality metals amplifying – ARM 

By: Martin Creamer     11th September 2017 Global climate change mitigation is amplifying the demand for good quality, low-impurity metals, which are being rewarded with high price premiums. There is a huge drive in China towards better quality, which will eventually use less energy and cause less pollution. (Also watch attached Creamer... 

Demand for quality metals amplifying – ARM
African Rainbow Minerals CEO Mike Schmidt discusses of price premiums being paid for quality with Mining Weekly Online’s Martin Creamer. Video and Video Editing: Darlene Creamer

Ortac strengthens strategic focus on high potential African exploration

By: Natasha Odendaal     11th September 2017 Aim-listed Ortac Resources has set its focus exclusively on its high-potential African exploration mining assets after a board revamp set a strategy review in motion. The exploration and mine development company aims to fast-track its core gold and copper assets in the Democratic Republic of... 

Zambia copper output to ease slightly this year

By: Reuters     11th September 2017 Zambia's copper production is expected to inch lower to 753 992 t this year from 774 290 t in 2016 mainly due to lower output from Konkola Copper Mines, a subsidiary of London-listed Vedanta Resource, the mines ministry said on Monday. Production at Konkola Copper Mines is expected to decline by... 

Glencore's Mopani agrees to pay new higher electricity tariffs

By: Reuters     11th September 2017 Glencore's Zambian unit Mopani Copper Mines (MCM) will pay increased electricity prices caused by the removal of state energy subsidies, the mines minister said Monday. Copperbelt Energy Corporation (CEC), which buys power from the State-owned electricity company and sells to mines, slashed... 

Johannesburg listing on the cards for Australia’s Orion

By: Natasha Odendaal     11th September 2017 Australian minerals exploration company Orion Minerals expects to start trading on the main board of the Johannesburg bourse on September 18, as it progresses its base metals development strategy in South Africa. Orion, which has received approval from the JSE for a secondary listing under the... 

Johannesburg listing on the cards for Australia’s Orion

KAZ appoints CFO to take over from Southam

By: Creamer Media Reporter      11th September 2017 Copper miner KAZ Minerals has appointed Intertek FD John Hadfield as its new CFO, effective January 1. Before joining the UK arm of Intertek, Hadfield spent over 14 years at BG Group and Royal Dutch Shell. 

Hudbay launches C$278.76m financing

By: Henry Lazenby     9th September 2017 Base metals miner Hudbay Minerals has signed an agreement with a syndicate of underwriters to raise up to C$278.76-million on a bought deal basis. The Toronto-based miner has agreed to issue 24-million shares at C$10.10 each, to raise C$243.4-million. 

Anglesey planning for production at Wales mine in 2020

By: Mariaan Webb     8th September 2017 The recent increase in the prices of the metals that the Parys Mountain mine will produce has spurred on Anglesey Mining to move into action to bring the project into production “as soon as practicable”. Anglesey on Friday announced four immediate steps to progress the north Wales project,... 

Anglesey planning for production at Wales mine in 2020
Drilling at the Parys Mountain project, in north Wales.
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