R/€ = 15.08 Change: 0.05
R/$ = 12.41 Change: 0.03
Au 1316.92 $/oz Change: -7.01
Pt 908.00 $/oz Change: -15.12

Copper News

Chinese copper firm slows output on concentrate delay

13th August 2003 Yunnan Copper, one of China's largest copper producers, said yesterday it has been forced to slow down refined copper production because of delays in shipments of contracted foreign copper concentrate. 

Zambia sees copper output doubling by 2007

11th August 2003 Zambia's copper output is likely to more than double from 2002 levels to more than 700 000 t/y by around 2007, boosted by two new open pit mines, the government said last week. 

Sale of shut Ramcoz mine hits snag

8th August 2003 Talks over the sale of Zambia's shuttered copper and cobalt group Ramcoz to Swiss firm J and W Investments have hit a snag due to a dispute over a unit seen as unprofitable, a Zambian treasury source said yesterday. 

SA copper miner seeks to raise R849m

31st July 2003 South Africa’s Palabora Mining Company has announced that it has resolved to raise additional capital by way of a rights offer of floating-rate partially subordinated unsecured redeemable convertible debentures to shareholders of the company. 

Chambishi copper mine targets 50 000 t/y output

30th July 2003 Chinese miner NFC Africa said yesterday it hoped to raise copper output at its small Chambishi mine in Zambia to 50 000 t next year, from this year's expected 13 000 t, after a $150-million refurbishment. 

Chile to seek accord with copper mines on royalty

24th July 2003 The Chilean government said on Tuesday it will launch a working group with private mining firms to seek an agreement on the thorny issue of copper royalties, among other items, before the end of this year. 

Peru copper smelter upgrade contract

24th July 2003 Swiss company Xstrata Technology, a business unit of Xstrata Mining, has signed a letter of intent with Southern Peru Copper Corporation (SPCC) awarding it and Fluor the engineering contract for modernisation of the Ilo copper smelter in southern Peru. 

Zambian copper output rises

23rd July 2003 Zambia produced 161 702 t of cathode copper in the first six months of 2003, slightly more than the 158 946 t produced during the same period last year, central bank data showed yesterday. 

Chibuluma South lease approval imminent

By: Deborah Spicer     18th July 2003 Diversified mining company Metorex could have its lease of Chibuluma South, in the Zambian Copperbelt, approved and transferred this month, reveals executive chairperson Simon Malone. 

Anglo's Chile copper output on target

16th July 2003 Mining giant Anglo American produced 202 905 t of copper at its Chilean mines in the first six months of this year, an insignificant variation from the same period last year, the company said on Monday. 

Giant expected to reverse copper cuts

15th July 2003 BHP Billiton, the world's largest diversified miner, was likely to start reversing South American copper production cuts amid optimism for improved market conditions in 2004, analysts said yesterday. 

Kumba insists on rights to DRC copper project

By: Martin Zhuwakinyu     11th July 2003 Metals and mining group Kumba Resources has insisted that its right to refurbish the mothballed but potentially world-class Kamoto copper-cobalt mine, in the Democratic Republic of Congo’s (DRC’s) Katanga province, has not fallen away, despite reports that a Canadian group has been... 

SA group also keen on Moatize coal project

By: Keith Campbell     11th July 2003 SOUTH African mining group Kumba is interested in developing the Moatize coal deposits in Mozambique.? 

Zambia mine could produce 300 000 t copper in 2004

11th July 2003 Zambia's Konkola Copper Mines' (KCM) copper cathode output could rise to 300 000 t/y in 2004, when it starts producing 50 000 t more metal from residues at its Nchanga operation, a senior manager said yesterday. 

Queensland copper prospect to be explored

9th July 2003 Australian resources company Malachite has secured a new exploration copper-gold-silver prospect in north Queensland. 

Copperbelt: where to now?

By: nkolola halwindi     7th July 2003 Arguably, the best thing about the privatisation of Zambia’s mines is that it appears finally to be drawing to a close. 

Copper-mine implements management system

4th July 2003 The world’s largest openpit copper-mine in terms of production, Minera Escondida, has implemented Modular Mining’s IntelliMine integrated mine management system. 

Copperbelt: where to now?

By: nkolola halwindi     4th July 2003 Arguably, the best thing about the privatisation of Zambia’s mines is that it appears finally to be drawing to a close. 

Zambia says Swiss firm ups Ramcoz offer

3rd July 2003 Zambia said yesterday that Swiss firm J and W Investments had raised its offer for the shuttered copper and cobalt group Roan Antelope Mining Corporation of Zambia (Ramcoz), initially priced at more than $7-million. 

New Zambian copper-gold mine to be commissioned next year

27th June 2003 Canadian miner First Quantum Minerals will commission its Kansanshi copper-gold deposit in Zambia in the fourth quarter of 2004, it said earlier this week. 

Financing announced for copper-gold drill in Alaska

25th June 2003 Canadian miner Northern Dynasty Minerals announced this week that it had reached an agreement with private mining finance company to complete a $5-million private-placement deal, which will be used at the Pebble gold-copper exploration project in Alaska. 

GM expects to use more copper in cars

23rd June 2003 Automaker General Motors Corp's copper usage per vehicle is expected to increase at a modest pace as new electrical, communications and other systems require more wiring in its cars and trucks, especially in hybrids. 

Collahuasi copper mine upgrade on track

20th June 2003 A $650-million expansion at the Collahuasi copper mine in Chile is 40% complete and on schedule for completion in June 2004, a senior company official said on Wednesday. 

Copper miner in new Kansanshi funding deal

19th June 2003 Canadian miner First Quantum Minerals announced this week that it has entered into an agreement with a syndicate of underwriters, which have agreed to purchase from and then sell to the public five-million common shares, resulting in gross proceeds of C$26,75-million. 

$400m Chile copper project announced

18th June 2003 The joint venture partners in the Escondida copper mine in northern Chile have announced approval of the $400-million Escondida Norte project. 

DRC in talks with Kinross on copper deal

5th June 2003 Democratic Republic of Congo hopes to ramp up dwindling copper production through a deal involving Canada's Kinross Gold Corporation to refurbish its Kamoto mine with $135-million, a top official said. 

Chilean copper giant sees bright future for the metal

By: Keith Campbell     23rd May 2003 Giant Chilean copper-miner Codelco is strongly optimistic about the long-term future of copper & is making substantial investments to improve its competitiveness and add value. 

Copper set to rocket

By: Keith Campbell     23rd May 2003 Chilean copper mining giant Codelco is involved in what could reasonably be described as a prospecting joint venture (JV) that is out of this world. Quite literally. 

Zambia first quarter copper, cobalt output falls

23rd May 2003 Zambian copper production fell to 74 310 t in the first quarter of 2003 from 77 813 t in the same period a year ago, Citibank Zambia said. 

Swiss miner on course with Zambian metals bid

21st May 2003 Switzerland's J&W Investments Group remains on course with its bid for the majority holding in Zambian copper and cobalt producer Chambishi Metals, after conducting due diligence at the plant, J&W's chief financial officer said late on Monday. 

Zambia names Sterlite as KCM preferred bidder

19th May 2003 Zambia said on Friday that India's Sterlite Industries was the preferred bidder for an equity stake in its Konkola Copper Mines (KCM), following the acrimonious exit of Anglo American as a partner last year. 

Copperbelt’s mining-to-farming diversification plan

By: Laura Franz     9th May 2003 Konkola Copper Mines (KCM) has taken a major step in the diversification of the Zambian Copperbelt from mining to agricultural and other sectors by embarking on a project to build a strong base of entrepreneurs. 

Konkola seeks to extend Nchanga lifespan

9th May 2003 Zambia's Konkola Copper Mines (KCM) said on Thursday it had launched an exploration programme at its Nchanga open pit mine to try to extend its lifespan beyond the current three years. 

Swedish mining sees higher copper, zinc prices

7th May 2003 Swedish mining sees higher copper, zinc prices "Inventories are low and demand from industry is on the rise," Jan Johansson told Reuters in a brief telephone interview after his company released its first-quarter results. 

Glencore leads charge for premier Zambian mines

29th April 2003 Swiss trader Glencore International is leading four other bidders seeking to purchase a stake in Zambia's premier Konkola Copper Mines (KCM), industry sources said yesterday. 

Zambia shortlists four bidders for Konkola

25th April 2003 Zambian authorities have named four companies on the short-list for the purchase of a stake in Konkola Copper Mines, as Zambia seeks investment to ensure its largest mining company is modernised. 

BHPB’s oil slide offset by mineral rises

24th April 2003 The world's largest diversified miner, BHP Billiton, said yesterday third quarter oil and condensate production fell 22% over the same period a year ago, as output from mature fields declined. 

First Quantum revises 2003 output for Zambia mine

23rd April 2003 Canada's First Quantum Minerals said yesterday its Bwana Mkubwa copper mine in Zambia would reach full capacity in May, but the mine's 2003 output would be lower than expected. 

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