R/€ = 16.46 Change: -0.30
R/$ = 14.51 Change: -0.27
Au 1177.70 $/oz Change: -17.22
Pt 768.00 $/oz Change: -37.07

Copper News

Radomiro Tomic mine, Chile

By: Carla Thomaz     3rd February 2006 Name: Radomiro Tomic mine. Location: Radomiro Tomic is located in the Atacama Desert of northern Chile, 3 000 m above sea level. Brief history: Discovered in 1952 by Anaconda Development,it was approved in 1995, started in 1996 and was essentiallycompleted in 1997. Radomiro Tomic was inaugurated... 

Resource estimate revised upwards at Peru copper project

1st February 2006 Canadian miner Tiomin Resources yesterday announced that a new mineral resource estimate had been completed on the Pukaqaqa copper/gold deposit. 

Anglo clamps down on illegal mining

By: Keith Campbell     27th January 2006 Benefits begin to flow from imporved law enforcement, beneficiation and infrastructure investment 

Africa offers explosive growth

By: Jade Davenport     20th January 2006 Africa’s largest explosives manufacturer African Explosives Limited (AEL) has experienced tremendous growth in the continent, which is evidenced by the fact that the financial contribution of the company’s African subsidiaries has increased over the past decade from a virtual... 

Oz junior in DRC copper deal

20th January 2006 Australian-based copper-mining junior, Anvil Mining, recently announced that it has completed an independent technical report and finalised negotiations with the Democratic Republic of Congo (DRC) State-owned G 

Oz copper miner rejects new takeover offer

19th January 2006 The board of Australian-based Tethyan Copper announced yesterday that its board had unanimously concluded that the latest offer by rival Skafell of 77,5 cents per share continues to “substantially undervalue” Tethyan's shares. 

Metorex gives signal of significant earnings rise

By: Liezel Hill     19th January 2006 Diversified midtier South African miner Metorex yesterday issued a glowing trading statement, advising shareholders that it expected the company's earnings before interest, tax, depreciation and amortisation for the six months ended December 2005 to reach between R130-million and R140-million,... 

Anvil reports strong quarter, record production in DRC

18th January 2006 Base-metals junior Anvil Mining yesterday reported a total group production for the fourth quarter of 7 446 t of contained copper and 587 882 oz of silver. Production for the 

SA miner seeks to aggressively expand copper output

By: Helene Le Roux     16th December 2005 The shine of the high copper price is rubbing off on the growth ambitions of diversified mid-tier South African mining company Metorex, which is positioning itself to produce between 150 000t/y and 200 000 t/y of copper in the medium term. 

Vedanta moves to give Konkola a facelift

By: Nicola Mawson     15th December 2005 London Stock Exchange- and FTSE 250-listed international metals and mining company Vedanta Resources has issued another tender in conjunction with subsidiary Konkola Copper Mines. 

Nkana smelter expansion

9th December 2005 The project will involve the expansion of the Nkana smelter at Konkola Copper Mine, in Zambia. The expansion will increase the smelter capacity to 300 000 t/y and will be adequate not only to treat the expanded output from Konkola after completion of the Konkola Deep expansion, but also to toll... 

Konkola Deeps copper-mine project

2nd December 2005 The project will involve the slipping and blind sinking of the VS3B shaft from the current depth of 594 m to 1 488 m below the surface, and enlarging the shaft diameter to 10,74 m. A new twin-module concentrator, using semi-autogenous grinding and ball milling will be constructed to replace the... 

Jaguar project

2nd December 2005 The Jaguar project is located near the historic Teutonic Bore base metals mine near Leonora in Western Australia's northeastern gold fields and comprises an ore reserve of 1,6-million tons grading 11,7% zinc, 3,07% copper, 0.72% lead and 120 g/t silver (20,6% zinc equivalent) - containing 187 865... 

Tenke Fungurume copper/cobalt project

25th November 2005 The Tenke Fungurume copper/cobalt deposits comprise one of the world's largest known copper/cobalt resources and are capable of being developed into a large-scale, long-life low-cost mine. 

Jaguar project

25th November 2005 The Jaguar project is located near the historic Teutonic Bore base metals mine near Leonora in Western Australia's northeastern gold fields and comprises an ore reserve of 1,6-million tons grading 11,7% zinc, 3,07% copper, 0.72% lead and 120 g/t silver (20,6% zinc equivalent) - containing 187 865... 

118 copper project

18th November 2005 The 118 copper project (118) is located in the Caraj 

Konkola calls for bids in support of drive to double output

By: Nicola Mawson     11th November 2005 Africa's biggest copper producer, Konkola Copper Mines, has issued four tenders as part of what it calls an “ambitious and fast-track expansion programme”. 

Oz explorer to raise $4m, mulls take-over

7th November 2005 Emerging copper producer & gold explorer Burdekin Pacific has issued a prospectus for a $4 million public share offer to underpin its diversification strategy. 

Canadian miner mulls copper heap-leach in Peru

7th November 2005 Toronto Stock Exchange-listed Candente Resource has announced the appointment of a team to investigate the feasibility of a copper heap leaching operation in Peru. 

Ruashi copper/cobalt project

4th November 2005 The project will entail the exploitation of the Ruashi and Etoile stockpiles and orebodies. The project site is about 10 km from Lubumbashi in the southern DRC. 

Peru garners global interest in big copper deposit

By: Keith Campbell     28th October 2005 THE Peruvian Private Investment Promotion Agency (ProInversion) has announced that the La Granja copper/gold/silver deposit is open for international bidding. 

Morenci copper-mine, US

By: Carla Thomaz     28th October 2005 Name: Morenci copper-mine. Location: The mine is located 250 km south-east of Phoenix, in southern Arizona, US. Brief history: The Detroit Copper Company started mining at Morenci, 16 km south of Silver City, Arizona, in 1872. CopperQueen Consolidated Mining bought the property in 1885, with the... 

Oz miner revises mineralisation estimates on new study

26th October 2005 Australian Stock Exchange-listed Jabiru Metals said yesterday that it had received results of a review by the Snowden group, and completion of further optimisation work of the bankable feasibility study (BFS) on its proposed $55-million Jaguar development. 

Oyu Tolgoi mine

21st October 2005 An independent integrated development plan (IDP) has confirmed that Ivanhoe Mines’ Oyu Tolgoi project in southern Mongolia has the potential to become one of the world’s largest copper-and-gold producers. The study indicates that the mine will be capable of average annual production... 

Copper-production plant

21st October 2005 The project involves the construction of a greenfield copper-production plant in Yanggu county, Shangdong province, in China. The copper production will be based on Outokumpu’s flash-melting process and Kennecott-Outokumpu flash-converting process. 

Oz miner looks to build copper-production facility

19th October 2005 Several promising finds with intersections of up to 52 m at 4,5% copper in hole BKRCD72 and 44 m at 4,5% copper in hole have enhanced the possibility of a dedicated copper production facility being established in the Balcooma area, in Australia, Kalgara Zinc said yesterday. 

IFC and IDC finalise stakes in DRC project

18th October 2005 Adastra Minerals has reported that the Industrial Development Corporation of South Africa (IDC) and the International Financial Corporation (IFC), the World Bank Group's private sector arm, have now executed definitive agreements with Adastra, exercising their options to acquire respectively 10%... 

Capex costs rise at Pakistan copper project

13th October 2005 Mining development group Tethyan Copper said yesterday that the engineering study on its Tanjeel Project had identified significant capital cost increases, and that as a consequence it intended to review the study in order to re-scope elements of the project's design. 

Drilling progresses at Pakistan copper project

7th October 2005 Toronto-listed Tethyan Copper reported yesterday that it has completed another round of drilling, as part of its regional exploration program at the Reko Diq copper project in Pakistan, with initial results from the Western Porphyries project highlighting likely resource extensions to the east... 

Oz miner confirms new project's viability

6th October 2005 ASX-listed Universal Resources has confirmed the technical and economic viability of its Roseby copper project in North Queensland, after completing the first stage of its feasibility study on a large-scale integrated development of the oxide and sulphide resources. 

Partners demand Placer Dome return stake in Chile project

By: Liezel Hill     6th October 2005 Canadian miners Bema Gold and Arizona Star confirmed this week that they had issued a notice of default to Placer Dome, after the miner determined that the Cerro Casale gold-and-copper project, in Chile, was not financeable. 

Drilling at Peru copper and gold find mobilised

5th October 2005 Canadian exploration firm Candente Resource has indicated that diamond drilling is about to restart at its Peru copper and gold deposit, Ca 

Funding secures exploration at Papua New Guinea project

5th October 2005 Diversified metals company Marengo Mining has secured the backing of a group of Australian, British and PNG-based institutions in a A$6-million share placement to underpin an intensive resource drilling program at its Yandera Copper-Molybdenum Project in Papua New Guinea, as well as other... 

Anvil reports DRC copper mine back on track

5th October 2005 Toronto Stock Exchange- and Australian Stock Exchange listed Anvil Mining has announced that the Dikulushi mining and processing operations in the Democratic Republic of Congo are back on track, having outperformed in all areas through the September quarter. 

Xstrata and Universal target copper orebodies in Oz

3rd October 2005 Australian copper group Universal Resources at the weekend announced the start-up of another phase in its joint venture copper project in Australia. 

Kipushi mine joint venture

30th September 2005 Adastra Minerals has announced that it has renewed its joint venture agreement with Kumba Base Metals for the potential redevelopment of the Kipushi zinc/copper mine. The Kipushi mine is a world-class deposit, with a measured and indicated resource of 16,9 million tons at an average grade of... 

Copper-mine gets 5-year life extension

27th September 2005 Diversified resources firm Teck Cominco on Friday announced that it would proceed with a plan to extend the mine life of its Highland Valley copper-mine, near Kamloops, British Columbia, by about five years, to September 2013. 

New copper plant for China

23rd September 2005 Finnish firm Outokumpu Technology has been awarded a contract by Yanggu Xiangguang Copper Company for a greenfield copper production plant to be built in Yanggu county in Shangdong province, China. 

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