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Copper News

Tanzania-Zambia railway halts copper transportation after strike

By: Reuters     6th December 2017 The Tanzania-Zambia Railway Authority (TAZARA) has suspended all train services, including the transportation of copper following a strike by workers in Africa's second-largest producer of the metal, the company said on Wednesday. The line is an important route for copper exports from Zambia and... 

Harmony Gold spells out value of Moab investment

By: Martin Creamer     6th December 2017 The acquisition of the Moab Khotsong gold mine represents a significant list of advantages for Harmony Gold, the company outlined in an investor brief on Wednesday. The Johannesburg Stock Exchange-listed gold mining company calculates that inclusion of the Moab Khotsong operations the company... 

Harmony Gold spells out value of Moab investment
Photo by Duane Daws
Harmony Gold CEO Peter Steenkamp

Glencore bets big on car battery metals

By: Reuters     5th December 2017 Glencore has increased production of the metals used to make electric car batteries faster than its major mining rivals, according to an industry-wide analysis that shows the scale of a strategy that has big prospective risks and rewards. The Anglo-Swiss company's output of cobalt and copper... 

Glencore bets big on car battery metals

Glencore-Canada venture hitched to low-carbon economy shift

By: Martin Creamer     5th December 2017 The joint venture partnership Glencore struck with a Canadian pension plan on Tuesday provides exposure to commodities that benefit from a low-carbon economy. BaseCore Metals, a 50:50 partnership centred on base metals streams and royalties, involves Glencore Canada Corporation contributing a... 

Glencore-Canada venture hitched to low-carbon economy shift
Glencore CEO Ivan Glasenberg

Indonesia plans to acquire Rio Tinto interest in Freeport Indonesia mine

By: Reuters     5th December 2017 Indonesia plans to acquire Rio Tinto's 40% participating stake in the Grasberg copper mine operated by the local division of Freeport-McMoRan, part of government plans to control more of the country's resources. Under a joint venture formed in 1996, Rio has a 40% interest in Freeport's Grasberg... 

Nevsun expands strongly mineralised trend at Timok

By: Henry Lazenby     5th December 2017 Ongoing exploration drilling on the Lower Zone at Canadian base metals miner Nevsun Resources’ Timok copper/gold project, in Serbia, has expanded the footprint by about 350 m by 750 m and continues to confirm the high grade, continuity and thickness of the mineralisation, the company announced on... 

Chile cenbank maintains growth forecast for 2018

By: Reuters     4th December 2017 Chile's central bank held its 2018 economic growth forecast of 2.5% to 3.5% on Monday, while revising downward slightly its forecast for inflation and leaving open the possibility for lowering interest rates.In its end-of-year IPoM economic report, the bank also predicted 2017 gross domestic... 

Change or lose another 100 000 mining jobs – Cutifani

By: Martin Creamer     4th December 2017 Without change, the South African mining industry would lose another 100 000 jobs, said Anglo American CEO Mark Cutifani, who six years ago accurately predicted the recent 100 000 job demise in South African mining. “I'll say it again, absent of change, we’ll lose another 100 000 jobs,” the... 

Change or lose another 100 000 mining jobs – Cutifani
Photo by Duane Daws
Anglo American CEO Mark Cutifani

Atalaya board approves €80.4m expansion in Spain

By: Mariaan Webb     4th December 2017 European mining and development company Atalaya Mining on Monday announced its decision to proceed with the 15-million-tonne-a-year expansion of its Proyecto Riotinto mine, in Spain. The €80.4-million expansion would upgrade processing facilities, including the installation of a new primary... 

Atalaya board approves €80.4m expansion in Spain

The cobalt crunch for electric cars could be solved in suburbia

By: Bloomberg     1st December 2017 Almost 9 000 miles from the dusty Congo savanna, miners have hit on an entirely new source of cobalt – the rare mineral at the heart of the electric-car boom. And not only can they take coffee breaks, when they take a break, they can grab a doughnut at Tim Hortons. Scientists working for American... 

Demand for battery metals will drive African exploration, investment

By: Nadine James     1st December 2017 Growth in the electric vehicle (EV) market will boost demand for battery metals exponentially, driving exploration and investment in Africa. This was discussed during a live-streamed Mining Indaba panel on energy metals in which Cobalt 27 chairperson Anthony Milewski, Montero president and CEO Dr... 

Queensland’s DMRM slaps Rockland with suspension directive

By: Creamer Media Reporter      1st December 2017 Queensland copper producer CuDeco has temporarily suspended processing plant operations at its Rocklands copper mine, after an investigation by the Department of Mineral Resources and Mines (DNRM) on Thursday identified a number of safety issues. The suspension would remain in place pending... 

'Miner's revenge' is coming with electric cars, Friedland says

By: Bloomberg     1st December 2017 Surging demand for metals like copper, nickel and cobalt for use in electric vehicles promises to overturn the balance of power between mining companies and their customers, according to billionaire investor Robert Friedland. Automakers will have to change the way they approach procurement if... 

Lundin stock tumbles on disappointing production outlook

By: Henry Lazenby     1st December 2017 Base metals producer Lundin Mining saw about 21% of its TSX-listed equity wiped out on Thursday after it reported a disappointing long-term production outlook on Wednesday. The Toronto-headquartered company punted significant investments in both the Candelaria copper mine and mill, in Chile,... 

Osisko agrees to extend Falco loan; in talks to pick up Horne 5 stream

By: Henry Lazenby     30th November 2017 Royalties and streaming firm Osisko Gold Royalties has entered negotiations with Abitibi-focused explorer Falco Resources on a precious metal streaming agreement for its Horne 5 project, following Osisko agreeing to extend a loan. TSX-V-listed Falco reported that Osisko has agreed to extend a... 

Dassault Systèmes heralding in new autonomous mining era  

By: Martin Creamer     30th November 2017 The 'mine of tomorrow' is expected to be a factory-like entity equipped with a multiplicity of autonomous devices, which are controlled by technology savvy personnel working from remote centres, attendees of the natural resources forum heard in Sandton on Thursday. The ‘mine of tomorrow’ would... 

Dassault Systèmes heralding in new autonomous mining era
Dassault Systèmes Geovia CEO Raoul Jacquand interviewed by Mining Weekly Online’s Martin Creamer on mine modernisation. Photographs: Duane Daws. Video and Video Editing: Darlene Creamer.

Chile's Codelco plans environmental impact pricing for copper

By: Reuters     30th November 2017 Chile's Codelco will soon sell its first copper cathodes with pricing that takes into account the environmental footprint of production, its chairman said on Thursday. 

Cloncurry offtake deal key to accelerating mine development – Altona

By: Mariaan Webb     30th November 2017 Australia’s Altona Mining, which is being bought out by Canada’s Copper Mountain, reported on Thursday that it had executed an offtake agreement with Glencore for the sale of copper/gold concentrates to be produced at the Cloncurry project, in north-west Queensland. Glencore, operates the Mt Isa... 

Copper execs see balanced market, warn on rising costs, regulation

By: Reuters     30th November 2017 The global copper market will be balanced for the foreseeable future even as mine supplies tighten and demand from China, the world's top consumer, remains strong, executives from major copper companies said on Wednesday. The forecast came as executives warned that rising environmental regulation... 

Copper execs see balanced market, warn on rising costs, regulation

Freeport Indonesia targets 1.1Mt copper concentrate exports by end 2017

By: Reuters     30th November 2017 The Indonesian unit of U.S. miner Freeport-McMoRan Inc is aiming to export 1.1 million tonnes of copper concentrate this year, a company official said in a hearing with parliament on Wednesday. The company had exported 684,333 tonnes of copper concentrate by end-October, according to government... 

Zambia's State-controlled investment firm wants bigger stake in copper mines

By: Reuters     30th November 2017 Following the sharp rise in copper prices this year Zambia's state-controlled firm ZCCM Investments Holdings wants to increase its stakes in the country's mines and also expects higher dividend payments, its chief executive said on Wednesday. ZCCM-IH, which was formerly called Zambia Consolidated... 

Southern Copper workers in Peru on strike for ninth day

By: Reuters     30th November 2017 Workers at Southern Copper, in Peru, said they completed a ninth day of an indefinite strike on Wednesday, following a failed negotiation attempt with the company. The walkout, which involved 3 000 members of two out of the five Southern Copper unions in Peru, has been declared illegal by the... 

Southern Copper workers in Peru on strike for ninth day

Mkango granted Chimimbe prospecting licence

By: Natasha Odendaal     29th November 2017 Aim- and TSX-V-listed Mkango Resources has been granted an exclusive prospecting licence covering the 98.48 km Chimimbe Hill nickel/cobalt deposit in central Malawi. With magnetic anomalies in the licence area indicating exploration potential for additional nickel/cobalt mineralisation, Mkango... 

Prieska project to start production by 2020

By: Nadine James     29th November 2017 Dual-listed base metals miner Orion Minerals’ Prieska zinc/copper project could start production by 2020, says Orion MD and CEO Errol Smart. Addressing a media roundtable on Tuesday, he commented that the current project timeline envisages the completion of a Joint Ore Reserves... 

Prieska project to start production by 2020
Photo by Duane Daws
Orion MD and CEO Errol Smart

Lupaka kicks off Invicta PEA

By: Henry Lazenby     29th November 2017 Peru-focused gold explorer and project developer Lupaka Gold has appointed consulting engineering firm SRK Consulting Canada the lead contractor to prepare a preliminary economic assessment (PEA) on its 100%-owned Invicta gold project. Invicta is an advanced-stage gold/copper polymetallic... 

Altiplano delivers first bulk-sample ore to toll mill

By: Henry Lazenby     29th November 2017 TSX-V-listed explorer Altiplano Minerals has shipped the first 100-t sample of ore taken as part of a bulk sample at the Farellon copper/gold mine, in Chile, for toll milling. The Edmonton, Alberta-based miner said on Tuesday that since the Comet Joint Venture (CJV), in which it has earned a 50%... 

Withdrawal of entire MPRDA only constitutionally acceptable solution – Leon

By: Martin Creamer     28th November 2017 The process of reconsidering the Mineral and Petroleum Resources Development Act (MPRDA) Amendment Bill has generated a new range of procedural missteps and failed to address any of the substantive problems in the Bill, leaving the entire withdrawal of the Bill as the only constitutionally... 

Withdrawal of entire MPRDA only constitutionally acceptable solution – Leon
Photo by Duane Daws
Herbert Smith Freehills Africa co-chair and partner Peter Leon.

MOD Resources gets go-ahead for further exploration

By: Megan van Wyngaardt     28th November 2017 ASX-listed copper miner MOD Resources has received approval from the Botswana Department of Environmental Affairs (DEA) to start drilling on a farm north of its T3 copper project, doubling its approved exploration area to 100 km2, while opening up additional airborne electromagnetic (AEM) survey... 

Volkswagen's talks with cobalt producers end without deal

By: Reuters     28th November 2017 Meetings last week between major cobalt producers including mining giant Glencore to supply the world's largest automaker Volkswagen with the material used to make batteries for electric vehicles ended without a deal, cobalt industry sources said. In September, Reuters reported exclusively that... 

BHP studying $2.1bn medium-term copper expansion project

By: Mariaan Webb     28th November 2017 Mining Major BHP is considering further expansion options its Olympic Dam operation, in South Australia, which will sharply increase copper production as the miner believes the copper market is heading for a structural deficit in the next six years. BHP has taken a three-stage option-based... 

BHP studying $2.1bn medium-term copper expansion project
The Olympic Dam operation.

Four NGOs file federal suit to overturn Hudbay’s Rosemont Forest Service RoD

By: Henry Lazenby     28th November 2017 Four nongovernmental organisations (NGOs) have filed a federal lawsuit in the US District Court seeking declaratory and injunctive relief against the US Forest Service for issuing Canadian miner Hudbay Minerals’ Rosemont copper project, in Arizona, a positive ‘record of decision’ (RoD) in June.... 

Four NGOs file federal suit to overturn Hudbay’s Rosemont Forest Service RoD

Noront hits encouraging VMS mineralisation at McFaulds No 8; requests proposals for plant

By: Henry Lazenby     27th November 2017 Ring of Fire (RoF) development champion Noront Resources has intersected encouraging results at the McFaulds No 8 volcanogenic massive sulphide (VMS) deposit, hosted on the property where the first discoveries in the RoF were made and which spurred the initial staking rush in 2002 to 2003. The... 

Dispute at Congo cobalt mine heads to court, halts metal supply

By: Bloomberg     27th November 2017 An attempt by Congo’s Gecamines to profit from the boom in battery metals has backfired, leaving the state-owned miner facing two international court actions and halting cobalt production at a key mine. Gecamines blocked its 16-year partner GTL’s access to the cobalt site in the southeastern... 

SolGold rises on sanguine Cascabel exploration results

By: Henry Lazenby     25th November 2017 Brisbane, Australia-based, dual LSE- and TSX‐listed explorer SolGold has announced positive exploration results at its flagship Cascabel copper/gold project, in Ecuador. Following the arrival of two track-mounted rigs, with a further two having arrived in country, the drill fleet has increased to... 

Codelco reports strong Q3 profit as lower costs offset falling grades

By: Henry Lazenby     24th November 2017 The world’s largest copper producer, Chilean State-owned miner Codelco, has reported a strong third-quarter net profit of $1.6-billion, an improvement of more than three times on the loss posted for the same period a year earlier. Executive president Nelson Pizarro attributed the strong... 

Codelco reports strong Q3 profit as lower costs offset falling grades
Photo by Codelco
Codelco executive president Nelson Pizarro

Ventilation and cooling in mines often work against nature

By: Simone Liedtke     24th November 2017 Mining requires a robust constitution as mines often work against nature, descending deep underground, where temperatures can rise to between 60º and 70º at the rock face, explains heating, ventilation and air conditioning (HVAC) company Johnson Controls GM Neil Cameron. 

Ventilation and cooling in mines often work against nature
YD CENTRIFUGAL CHILLER The chiller ranges in capacity from 5 300 kW to 21 100 kW

Company offers mine to market solutions

     24th November 2017 Combining concept-to-completion expertise with design and major project delivery capabilities for the minerals and metals sector, from bulk commodities to rare earths, professional services provider WorleyParsons offers its customers complete mine-to-market solutions from inception to... 

Company offers mine  to market solutions
MULTIDISCIPLIANRY APPROACH WorleyParsons takes a multidisciplinary approach, with teams comprising experts to identify challenges early and produce tailored strategies that mitigate risks

Capabilities expanded to meet demand

By: Marleny Arnoldi     24th November 2017 Over the last few years, mineral testwork provider Maelgwyn Mineral Services Africa’s laboratory capabilities have expanded in accordance with industry demand.  

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