http://www.miningweekly.com
R/€ = 16.27 Change: 0.01
R/$ = 14.39 Change: 0.01
Au 1238.58 $/oz Change: 0.51
Pt 783.50 $/oz Change: -9.03
 

Copper News

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... 

Congo State miner blames foreign investors for underdevelopment

By: Bloomberg     29th November 2018 The Democratic Republic of Congo's State mining company blamed international investors and anti-corruption activists for the country’s lack of progress despite its vast mineral wealth. Nongovernmental organisations including the Atlanta-based Carter Center and London-based Global Witness have... 

Lundin refines three-year production outlook

By: Mariaan Webb     29th November 2018 Canadian base metals miner Lundin Mining has updated its guidance for 2019 to 2010, announcing an increase to its three-year production outlook for copper, owing to a refinement to the guidance of Candelaria, in Chile, and an expected early completion of Eagle East, in the US. The group’s 2019... 

Lundin refines three-year production outlook
The Neves-Corvo mine, in Portugal.

ARM shares start trading on A2X

By: Creamer Media Reporter      29th November 2018 Diversified miner African Rainbow Minerals' (ARM's) shares started trading on the A2X on Thursday.   ARM, which will retain its primary listing on the JSE, is the first mining company to list on the A2X.   A2X CEO, Kevin Brady says, “We are pleased to welcome African Rainbow Minerals onto our... 

Troilus buys more land north-east of past-producing mine

By: Creamer Media Reporter      29th November 2018 Quebec-focused exploration and early-development company Troilus has significantly expanded its land position through the acquisition of the Troilus North project, located north-east of the Val-d’Or mining district. The Toronto-based company is focused on restarting the former Troilus mine,... 

Fed's Powell shakes gold out of its doldrums, energises copper

By: Bloomberg     29th November 2018 Dovish comments from the Federal Reserve’s Jerome Powell suggesting slower-than-anticipated interest-rate hikes awakened gold from its recent slumbers and boosted most base metals. The Fed chairman said interest rates are “just below” the so-called neutral range, softening previous comments... 

Chile's Spence copper mine back in operation after strike

By: Reuters     29th November 2018 BHP´s Spence copper mine was operating normally again following a union strike announced earlier on Wednesday, the company said. Union President Ronald Salcedo told Reuters early on Wednesday that about 50 workers had been laid off, in addition to eight supervisors, raising safety concerns for... 

Workers at BHP's Spence copper mine in Chile strike - union president

By: Reuters     28th November 2018 The workers union at BHP's Spence copper mine in Chile started a strike after layoffs earlier this week, the union leader said on Wednesday, shutting down operations at the northern Chilean deposit. Union President Ronald Salcedo told Reuters that about 50 workers had been laid off, in addition... 

Orion finds new copper/zinc massive sulphide body near Prieska project

By: Creamer Media Reporter      28th November 2018 ASX- and JSE-listed Orion Minerals has discovered a new copper/zinc-bearing massive sulphide body located near its flagship Prieska zinc/copper project, in the Areachap Belt, in the Northern Cape.   The discovery hole, OAXD002, was drilled at the Ayoba prospect, a satellite exploration target,... 

Anglo American increases Chile copper guidance, sets sights on 1Mt/y

By: Mariaan Webb     27th November 2018 Global mining group Anglo American has refined its copper production forecast for its mines in Chile, affirming a 660 000 t/y forecast for 2018 and announcing new targets for the following three years. The company raised the bottom range of its 2019 guidance to 630 000 t, from 600 000 t, while... 

Anglo American increases Chile copper guidance, sets sights on 1Mt/y
Photo by Creamer Media
Anglo American CEO Mark Cutifani

Eurasian Resources Group secures electricity supply for DRC copper mine

By: Creamer Media Reporter      27th November 2018 Diversified natural resources group Eurasian Resources Group (ERG) has concluded an agreement with electricity company Société Nationale d’Électricité (SNEL) for the supply of 41 MW of electricity for its Frontier mine, in the Democratic Republic of the Congo (DRC). SNEL will source the... 

BHP flags new copper discovery near Olympic Dam

By: Esmarie Iannucci     27th November 2018 Mining major BHP has reported a potential new iron-oxide/copper/gold (IOCG) mineralised system near its Olympic Dam operation, in South Australia. The miner on Tuesday said that four diamond drill holes, totaling 5 346 m, had intersected copper, gold, uranium and silver mineralisation, with... 

Peru stops miners from exploring Rainbow Mountain tourist area

By: Bloomberg     26th November 2018 Clashes between tourism and mining are not rare in Peru, a country peppered with historic and touristic sites that’s also the world’s second-largest producer of copper, zinc and silver. But in the case of Rainbow Mountain, those in favor of conservation appear to have won out. Late Friday, the... 

Capstone explores alternatives for Chile project, including selling stake

By: Mariaan Webb     26th November 2018 Canadian base metals miner Capstone Mining is aiming to cash in on the shortage of high-quality, large-scale copper projects by selling a portion of its Santo Domingo iron oxide-copper/gold project, in Chile. The Vancouver-based company on Monday announced the start of a strategic process to... 

Capstone explores alternatives for Chile project, including selling stake

Saudi Arabia targets $64bn in mining revenue by 2030

By: Reuters     26th November 2018 Saudi Arabia aims to raise the kingdom's mining revenues to $64-billion from $17-billion by 2030, Energy Minister Khalid al-Falih said on Monday. Mining vast untapped reserves of bauxite, phosphate, gold, copper and uranium is key to the Saudi Arabia's efforts to diversify its economy away from... 

Anglesey Mining shares soar on optimisation announcement

By: Mariaan Webb     26th November 2018 Shares in the developer of the Parys Mountain base and precious metals project soared on Monday, as the company announced that a division of Irish firm QME would carry out design, engineering and optimisation studies for the future development of the project on the island of Anglesey, in north... 

Anglesey Mining shares soar on optimisation announcement
The Parys Mountain project, in north Wales.

MOD starts trading on LSE

By: Esmarie Iannucci     26th November 2018 Copper developer MOD Resources has started share trading on the London Stock Exchange (LSE). The company on Monday said that more than 248.5-million ordinary shares would be admitted to the official list, under the ticker MOD. 

Thor looks at copper options for Molyhil

By: Esmarie Iannucci     26th November 2018 ASX- and Aim-listed junior Thor Mining has announced an initial inferred mineral resource of 230 000 t grading 2% copper for 4 600 t of copper at its Bonya copper mine, in the Northern Territory. The Bonya deposit lies within the Bonya tenement, which is jointly held with ASX-listed Arafura... 

Former Grupo Mexico workers plan to block copper mine access

By: Reuters     26th November 2018 Former workers of Mexican miner Grupo Mexico plan to block access to the giant Buenavista copper mine on December 1 to pressure the company and the country's incoming leftist government to give them back their collective labor contracts. The planned industrial action is part of a longstanding... 

Mexico miners extend drop on policy angst; Southern Copper sags

By: Bloomberg     24th November 2018 Mining companies operating in Mexico extended a sell-off, with Southern Copper falling the most since 2011, even as a Mexican lawmaker attempted to calm market worries over the prospect of tougher regulation under incoming President Andres Manuel Lopez Obrador. Large Mexico-based mining... 

Mexico miners extend drop on policy angst; Southern Copper sags
Andres Manuel Lopez Obrador

Congo's 9-mth copper output up 8.7%, cobalt nearly doubles

By: Reuters     23rd November 2018 Copper output in Democratic Republic of Congo rose 8.7% year on year through the first nine months of 2018 to 908 695 tonnes while cobalt production jumped 92.5% to 115 116 tonnes, the central bank said on Thursday. Congo is Africa's top copper producer and the world's leading miner of cobalt,... 

SolGold CEO excited by prospects for Ecuadorian copper/gold

By: Reuters     23rd November 2018 SolGold's coveted Ecuadorian copper-gold prospect may be 20 percent bigger than the mining group said earlier this week, its chief executive Nick Mather said on Thursday. SolGold, in which Mather has a near 5% stake, said on Tuesday that its Alpala project in Ecuador's Cascabel region was... 

SolGold CEO excited by prospects for Ecuadorian copper/gold
Solgold CEO Nick Mather

Atalaya posts higher profit as sales tick up

By: Creamer Media Reporter      22nd November 2018 European copper miner Atalaya Mining increased its third-quarter revenue to €42.8-million, from €35.7-million in the same quarter of 2017, as its sales volumes increased and prices improved. The miner, which operates the Riotinto mine in Spain maintains listings on the Aim and TSX exchanges,... 

Initial indications from T23 Dome drilling show promise for copper – Metal Tiger

By: Marleny Arnoldi     22nd November 2018 Aim-listed Metal Tiger on Thursday said diamond drilling in the first two widely spaced holes at the T23 Dome, in Botswana, has intersected visible copper mineralisation at shallow depth, which may be of significant potential. The T23 Dome is the first drilling target on the T20 exploration... 

Minera Alamos receives permit for Fortuna project

By: Creamer Media Reporter      22nd November 2018 Toronto-based Minera Alamos has received an environmental permit for the La Fortuna gold project, in Mexico, which now allows the company to advance the project on several fronts. Minera Alamos said on Wednesday that it would initiate applications for other state/local permits, including permits... 

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
Free daily email newsletter Register Now
Close