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Copper News

MOD anticipates promising copper mineralisation from T23 Dome in Botswana

By: Marleny Arnoldi     10th December 2018 ASX-listed MOD Resources has announced additional results from widely spaced drilling at the T23 Dome, of the company’s exploration joint venture project with Aim-listed Metal Tiger, in Botswana. The third drill hole at T23 has intersected zones of visible, finely disseminated copper sulphides... 

Gecamines increases stake in Boss Mining joint venture to 49% 

By: Reuters     10th December 2018 The Democratic Republic of Congo's State mining company Gecamines said on Monday it would increase its stake in its Boss Mining joint venture with ENRC Africa Holdings to 49% after the two companies renegotiated terms. The state miner is moving to increase its take from joint ventures with... 

Sun Metals to raise C$5.16m for Stardust project

10th December 2018 TSX-V-listed Sun Metals has entered into an agreement with PearTree Securities to raise up to C$5.16-million to fund exploration at its Stardust project, in British Columbia. PearTree, as agent for purchasers, has agreed to subscribe for up to 12.5-million flow-through common shares in Sun Metal... 

South32 inks US copper alliance with EMX

By: Mariaan Webb     10th December 2018 Diversified miner South32 has entered into regional strategic alliance agreement with a subsidiary of EMX Royalty, focusing on finding copper and other base metals projects in Arizona, New Mexico and Utah. The agreement provides funding for generative work and acquisitions over a two-year... 

Frieda River requires $739m govt infrastructure investment

By: Esmarie Iannucci     10th December 2018 A new feasibility study into the Frieda River copper/gold project, in Papua New Guinea, has found that a government investment of some $739-million into infrastructure would be required to make the project feasible. The new feasibility study, conducted by PanAust, adopted a fundamentally... 

Frieda River requires $739m govt infrastructure investment

Barrick’s Michael Brown retires ahead of Randgold merger 

By: Mariaan Webb     10th December 2018 Gold major Barrick Gold has announced management changes in its North American region ahead of the completion of its merger with Africa-focused Randgold Resources on January 1. CFO Catherine Raw will assume responsibility for the enlarged group’s US operations the newly created position of COO... 

Ascot given green light to explore in Washington state

By: Creamer Media Reporter      7th December 2018 The Bureau of Land Management (BML) has given its approval for TSX-V-listed Ascot Mining to conduct exploration work at its Mt Margaret property, near Randle, in Washington state. After years of environmental review, the Bureau of Land Management (BML) has given its approval for TSX-V-listed... 

Codelco agrees contract with Gabriela Mistral mine workers

By: Reuters     7th December 2018 Chile's state copper miner Codelco said on Thursday it had reached agreement on a new collective labor contract in early negotiations with the union of workers at its Gabriela Mistral mine in northern Chile. The 36-month contract included a signing bonus of 4.2-million pesos and a 2-million peso... 

Keeping abreast of trends and technologies crucial

By: Jessica Oosthuizen     7th December 2018 With the annual Caminex trade expo being the only mining, agricultural and industrial trade expo that takes place in the Copperbelt – in Kitwe, Zambia – event co-organiser Specialised Exhibitions Montgomery mining and industrial portfolio director Charlene Hefer says the event offers visitors the... 

Keeping abreast of trends and technologies crucial
EXPO EXHIBITORS This year, the show hosted more than 140 commercial and international exhibitors

Tax and royalty issues hindering opportunities in Copperbelt

By: Jessica Oosthuizen     7th December 2018 Increasing mining taxes and royalties in Zambia and the Democratic Republic of Congo (DRC) are creating a climate of uncertainty, international metals and minerals researcher Roskill copper associate consultant Jonathan Barnes tells Mining Weekly. “Copper demand globally generally increases... 

Tax and royalty issues hindering opportunities in Copperbelt
Photo by Bloomberg
MINING DUTIES Zambia will introduce new mining duties and increase royalties as the country aims to reduce its budget deficit

Axis House develops new product for electrowinning

By: Jessica Oosthuizen     7th December 2018 Chemical reagents supplier and distributor Axis House has developed the ALC9, a new type of smoothing agent that can provide smoother cathodes than any other product, even at densities of 450 A/m2. Expected to run at industrial level early next year, the new product will be used in the... 

Axis House develops new product for electrowinning
LABORATORY TESTED The new smoothing agent has been extensively tested on laboratory scale and has shown positive results in all aspects of the electrowinning process

Supplier expands Cavex hydrocyclone footprint across Copperbelt

By: Jessica Oosthuizen     7th December 2018 Mining equipment supplier Weir Minerals Africa is expanding its Cavex hydrocyclones footprint across Africa with its two most recent orders of hydrocyclones to be installed in the Central African Copperbelt next year, says Weir Minerals Africa hydrocyclones product manager Sheldon Gabriel. Weir... 

Supplier expands Cavex hydrocyclone footprint across Copperbelt
GLOBAL REACH There is a large installed base of Cavex hydrocyclones in copper applications across the globe

ERG’s Metalkol Roan Tailings Reclamation project Phase I nearing completion

By: Jessica Oosthuizen     7th December 2018 Phase I of diversified miner Eurasian Resources Group’s (ERG’s) Metalkol Roan Tailings Reclamation (RTR) copper and cobalt project in the Democratic Republic of the Congo (DRC) is nearing completion and is expected to reach initial production rates early next year, says ERG CEO Benedikt Sobotka.... 

ERG’s Metalkol Roan Tailings Reclamation project Phase I nearing completion
METALKOL PROJECT The Metalkol Roan Tailings Reclamation project comprises the reprocessing of old cobalt and copper tailings from previous mining operations around Kolwezi, in the Democratic Republic of Congo

EVs to become main driver of battery storage deployment over next decade, says Fitch Solutions

By: Simone Liedtke     5th December 2018 The electric vehicle (EV) market is set to become the main driver of surging battery storage deployment over the next decade, following increasing ambitions by developed and emerging markets to decarbonise their transport sectors, and will have a substantial disruptive effect on how energy is... 

Innovate and generate cash at same time – Dassault Systèmes Geovia  

By: Martin Creamer     5th December 2018 The objectives of innovating and generating cash are not mutually incompatible and can be achieved at multiple levels simultaneously, says Dassault Systèmes Geovia Brand CEO Raoul Jacquand, who was in Johannesburg to showcase the French company’s suite of advanced three-dimensional (3D) software.... 

Innovate and generate cash at same time – Dassault Systèmes Geovia
Dassault Systèmes Geovia Brand CEO Raoul Jacquand spoke to Mining Weekly Online’s Martin Creamer on new mining technology. Video: Christo Greyling. Photogaphs: Creamer Media Chief Photographer Dylan Slater.

Congo mining revenues jump 147% in first 9 months

By: Reuters     5th December 2018 Democratic Republic of Congo (DRC) collected $1.21-billion in revenues from its mining sector over the first nine months of 2018, an increase of 147.4% over the same period last year, finance ministry data showed. Revenues from the hydrocarbons sector rose 1.4% over that same period to... 

Copper deals to get elusive after Teck's $1.2bn sale

By: Bloomberg     5th December 2018 The global hunt for high-quality, low-risk copper assets that are ready for construction is about to get tougher after Teck Resources sells a stake in one of the few deals available. Sumitomo and Sumitomo Metal Mining agreed to pay $1.2-billion for 30% of the Compañia Minera Teck Quebrada Blanca... 

Two proxy advisory firms back Hudbay-Mason deal

By: Mariaan Webb     4th December 2018 Proxy advisory services firms Institutional Shareholder Services and Glass Lewis & Co have recommended that Mason Resources shareholders vote for the transaction in which the company will be acquired by Hudbay Minerals. The plan of arrangement between the companies were announced on November 1,... 

Serbia's mining sector could contribute 5% of national output by 2023

By: Reuters     4th December 2018 Serbia's mining industry could expand to 5% of national output by 2023 if foreign investors keep commitments to plough millions of dollars into copper and lithium production, its Mining Minister said. The sector currently accounts for 1% of Serbia's gross domestic product. But since 2000, when a... 

Serbia's mining sector could contribute 5% of national output by 2023

Taseko buys BC copper project for $15m

By: Mariaan Webb     4th December 2018 Base metals producer Taseko Mines on Tuesday announced the $15-million acquisition of Yellowhead Mining, which owns the Harper Creek copper/gold/silver project in British Columbia, where the company already operates the Gibraltar mine. With proven and probable reserves of 3.6-billion pounds of... 

The final frontier: who owns the oceans and their hidden treasures?

By: Reuters     4th December 2018 Ransom-hungry pirates, polar explorers, offshore oil giants - the race for the riches of the world's final frontier is on. From Thailand to Alaska, the battle to tap ever-dwindling resources from minerals to fish is spurring new conflicts over who has the right to the treasures of the deep seas. 

Sumitomo buys $1.2bn stake in Teck's Quebrada Blanca

By: Mariaan Webb     4th December 2018 Canadian miner Teck Resources on Tuesday announced that it would proceed with the Quebrada Blanca Phase 2 (QB2) project in Chile, and that Japan’s Sumitomo would be its 30% project partner. Sumitomo Metal Mining Co and Sumitomo Corporation will pay $1.2-billion for a 30% indirect interest in... 

Sumitomo buys $1.2bn stake in Teck's Quebrada Blanca
Teck Resources president Don Lindsay

Shareholders back Herencia with $120k in funding

By: Creamer Media Reporter      4th December 2018 Two of Herencia Resources shareholders have agreed to advance $120 000 to the company, which the Aim-listed firm said on Tuesday would provide sufficient funds through to the end of January. The Chile-focused junior explorer and developer warned, though, that its working capital position... 

Katanga completes hot commissioning of WOL Phase 2

By: Tasneem Bulbulia     4th December 2018 Glencore subsidiary Katanga Mining has successfully completed the hot commissioning of Phase 2 of the whole ore leach (WOL) processing facility at its 75%-owned subsidiary Kamoto Copper Company's (KCC's) copper and cobalt mine in Lualaba province, in the Democratic Republic of the Congo. The... 

Nautilus creates new JV to finance seafloor mining vessel

By: Mariaan Webb     4th December 2018 Canada-based Nautilus Minerals is creating a new joint venture (JV) company to finance the acquisition of a production support vessel (PSV) for the Solwara 1 seafloor mining project, in the territorial waters of Papua New Guinea. The prospective marine miner said this week that it was in... 

Glasenberg eyes successor as Glencore readies new generation 

By: Bloomberg     4th December 2018 Ivan Glasenberg said there will be a generational shift at the top of Glencore over the next few years, suggesting a period of upheaval for the world’s largest commodity trader that’s unprecedented in its short history as a public company. Glasenberg said he’s actively looking for the next CEO... 

Glasenberg eyes successor as Glencore readies new generation
Ivan Glasenberg

Excelsior to initiate construction at Arizona-based copper mine

By: Mariaan Webb     4th December 2018 US-headquartered Excelsior Mining’s board has given the green light for the construction of the Gunnison copper mine, in Arizona, following the closing of a $75-million project financing package. Provided by Triple Flag Mining Finance Bermuda, the financing consists of a $65-million copper metal... 

Congo State miner in production-sharing deal with Chinese firm

By: Reuters     3rd December 2018 Congo's Gecamines said on Monday it had signed a production-sharing deal for copper and cobalt deposits with HongKong Excellen Mining, which will pay a $40-million signing bonus. Democratic Republic of Congo is Africa's top copper producer and the leading miner of cobalt, which is used for... 

Orion initiates airborne survey at flagship Prieska project

By: Simone Liedtke     3rd December 2018 Dual-listed Orion Minerals on Monday announced that a major SkyTEM airborne electromagnetic survey has started over its flagship Prieska zinc/copper project, in South Africa, as it continues to accelerate its near-mine exploration programme. The intensification of near-mine exploration activities... 

Glencore's billionaire copper chief retires under legal pressure  

By: Bloomberg     3rd December 2018 Glencore on Monday announced the retirement of-billionaire Aristotelis Mistakidis, its embattled head of copper trading and one of the company’s biggest shareholders. Mistakidis’s departure marks the end of an era. The 56-year-old executive is one of the world’s most powerful commodities traders... 

Glencore's billionaire copper chief retires under legal pressure

Codelco strikes contract deal with workers at Ministro Hales mine

By: Reuters     3rd December 2018 Chile's State copper miner Codelco said on Saturday it had reached agreement on a new collective labor contract with the union of workers at its Ministro Hales mine in northern Chile. The 36-month contract, which includes a signing bonus of seven-million pesos and a boost to salaries of 1.2%,... 

Kalahari Metals increases exploration licence shareholding across Kalahari copperbelt

By: Marleny Arnoldi     30th November 2018 Kalahari Metals Limited (KML) has completed the due diligence around the joint venture (JV) in Botswana with Aim-listed Metal Tiger, which will see the companies collaborate on 4 661 km2 across five exploration licences in the Kalahari copperbelt. KML will acquire up to 25% of the licences for... 

Vedanta’s closed copper plant gets a lifeline

By: Ajoy K Das     30th November 2018 Vedanta’s closed Sterlite copper plant at Tuticorin, southern India, has been thrown a life line with a committee appointed by the National Green Tribunal (NGT) reporting that the closure of the plant was “unjustified” and “against principles of natural justice”. The NGT-appointed committee, in... 

Loma Larga to be Ecuador’s next large-scale development

By: Mariaan Webb     30th November 2018 One of the five so-called strategic mining projects of Ecuador – Loma Larga – has received a positive feasibility study and is now on the path to accelerated development, with project developer IVN Metals aiming to break ground in early 2020. The feasibility study calculated, on an after-tax... 

Fortescue taps new tech to step up copper hunt across Australia

By: Reuters     30th November 2018 Australian miner Fortescue Metals this week said the latest developments in satellite imagery are helping it scour vast swathes of its own backyard for new deposits, seeking an edge as it jostles with global peers for the next big strike. The world's fourth-largest iron ore miner raised its... 

Artemis raises A$5.4m

By: Esmarie Iannucci     30th November 2018 ASX-listed junior Artemis Resources has secured some A$5.4-million in funding from a UK-based institutional investor to fund exploration in the Patersons Range, in Western Australia. “This new funding allows Artemis to start exploration at Armada and finalise the next resource upgrade and... 

Todd River raises A$4.9m for Mt Hardy exploration

By: Esmarie Iannucci     30th November 2018 Base metals explorer Todd River Resources has completed a A$4.9-million capital raise to fund exploration work at its Mt Hardy zinc/copper project, in the Northern Territory. The ASX-listed company said on Friday that some 57.05-million shares would now be issued, of which fellow-listed S2... 

Chile's Codelco copper output, profit falls as costs rise

By: Reuters     30th November 2018 Chile's Codelco, the world's largest copper producer, said on Thursday that mine output fell 3% in the first nine months of the year as ore grades sharply declined, leading to a 12% drop in pretax profit. The state-run copper miner earned $1.42-billion pretax between January and September as... 

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