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Copper News

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... 

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... 

Rambler widens Q3 loss despite much-improved output

By: Mariaan Webb     21st November 2018 Copper and gold producer Rambler Metals and Mining has widened its third-quarter net loss to $2.2-million, as higher production expenses offset an increase in revenue. Revenue rose from $7.3-million in the third quarter of 2017, to $9-million, while cash production expenses increased from... 

Zambia's copper output up 10.4% y/y in September

By: Reuters     21st November 2018 Zambia's annual copper output rose 10.4% in September to 631 359 tonnes, the central bank in Africa's second-biggest producer of the industrial metal said on Wednesday. Some mining companies operating in Zambia include NFC Africa, majority owned by China Non-ferrous Metals Company Limited (CNMC),... 

Canadian junior to fast-track San Juan copper/gold project

By: Mariaan Webb     21st November 2018 The Josemaria copper/gold project in the Andes mountains of San Juan, Argentina, will be on an accelerated development schedule, as Canadian junior NGEx Resources moves to elevate the project to construction-ready level amid a global scarcity of such projects. With the long-term copper... 

Pebble project secures access for construction

By: Mariaan Webb     21st November 2018 The Pebble Limited Partnership (PLP) has secured the right to use portions of the Alaska Peninsula Corporation (APC) land for the construction and operation of transportation infrastructure associated with the proposed mine. PLP, a wholly owned subsidiary of Canadian junior Northern Dynasty,... 

Pebble project secures access for construction

Solgold doubles Ecuador deposit’s mineral resource estimate

By: Mariaan Webb     20th November 2018 LSE- and TSX-listed Solgold has delivered a new resource estimate for the Alpala porphyry copper/gold deposit, in northern Ecuador, of 2.95-billion tonnes in the indicated and inferred categories. The resource estimate contains 10.9-million tonnes of copper and 23.2-million tonnes of gold at a... 

MOD to list on the LSE

By: Marleny Arnoldi     20th November 2018 The UK Listing Authority has approved ASX-listed MOD Resources’ prospectus, which is a prerequisite for the company’s intended secondary listing on the LSE. MOD will start trading its shares on the LSE on or around November 26.  

Winning Teck's copper mine prize may come down to more than cash

By: Bloomberg     20th November 2018 With the second round of bids to secure a piece of Teck Resources’ $4.7-billion copper expansion expected in the coming weeks, victory may come down to more than price. Teck, which owns 90% of Quebrada Blanca in northern Chile, would like to sell a 30% to 40% stake to an outside investor. With... 

Winning Teck's copper mine prize may come down to more than cash

Cradle Arc secures working capital extension for Mowana

By: Simone Liedtke     19th November 2018 The holding company of the Mowana copper mine has secured a $4-million working capital extension from Fujax Minerals and Energy, which Aim-listed Cradle Arc has hailed as a “vote of confidence” in the Botswana operation. Leboam Holdings, a 60%-owned subsidiary of Cradle Arc, negotiated a 24-month... 

Chile copper production seen growing by 4% next year

By: Marleny Arnoldi     19th November 2018 Chile is set to deliver steady production growth of 4% next year, as the risk of labour strikes decreases and mines are upgraded, Fitch Solutions Macro Research says in a report, also warning that declining grades pose a downside risk to its long-term forecast. Fitch states that Chile’s copper... 

Chile copper production seen growing by 4% next year
Photo by Bloomberg
BHP Billiton's Escondida copper mine, in Chile

Lundin confirms job cuts at Chile's Candelaria copper mine

By: Reuters     18th November 2018 Canadian miner Lundin confirmed on Friday it was cutting 106 jobs at its Candelaria copper mine in Chile to "improve competitiveness and productivity", amid reports that workers had begun a 48-hour strike. In a statement sent to Reuters, the company said the job cuts represented less than 2% of... 

Barrick Gold eyes assets, exploration as it plots new phase 

By: Bloomberg     17th November 2018 Barrick Gold, soon to become the world's largest bullion miner, is interested in adding more copper assets as long as the red metal is accompanied by bullion, executives said on Friday. Barrick, which expects to complete its $6.1-billion takeover of Randgold Resources January 1, outlined plans... 

Barrick Gold eyes assets, exploration as it plots new phase
Mark Bristow

Teck to announce Chile project partner in December

By: Mariaan Webb     16th November 2018 Canadian miner Teck Resources is making good progress with the process of bringing a partner into its northern Chile copper development project and plans to announce a transaction next month, CEO Don Lindsay said on Thursday. The company sees the Quebrada Blanca Phase 2 expansion as its most... 

NWT govt selects proponent to build Tlicho road

By: Creamer Media Reporter      16th November 2018 The Northwest Territories government has selected its preferred proponent to fund, construct, operate and maintain the Tlicho all-season road, which TSX-listed Fortune Minerals will use for its Fortune cobalt/gold/bismuth/copper mine project. The preferred proponent is North Star Infrastructure,... 

DRC lifts export ban on Glencore's copper and cobalt unit 

By: Bloomberg     16th November 2018 A Glencore unit in the Democratic Republic of Congo (DRC) had a ban on imports and exports from its giant copper and cobalt mine lifted by authorities in the country. “They submitted a request,” Jean Baptiste Nkongolo Kabila, director general of Congo’s custom’s agency, said Thursday by phone.... 

MOD completes T3 buy

By: Esmarie Iannucci     16th November 2018 Copper developer MOD Resources has completed the acquisition of the remaining 30% interest in its flagship T3 copper project, in Botswana. MOD in July this year signed a binding agreement with its joint venture (JV) partner Metal Tiger to acquire its share of the project for A$26.6-million. 

Orion clears another significant hurdle at Prieska project

By: Natasha Odendaal     16th November 2018 The receipt of the final assay results from the recently completed deep sulphide mineral resource drill-out at the Prieska zinc/copper project, in the Northern Cape, has paved way for the updated mineral resource due mid-December, says ASX-listed Orion Minerals MD and CEO Errol Smart. The... 

Now export duty dispute halts Katanga’s copper exports 

By: Mariaan Webb     15th November 2018 Merely a week after Glencore subsidiary Katanga Mining halted cobalt exports from its Kamoto mine, in the Democratic Republic of Congo (DRC), its copper exports have also been suspended as a result of an alleged failure to declare and pay duties on 6 650 t of copper in late 2015, early 2016. In... 

Now export duty dispute halts Katanga’s copper exports

Antofagasta approves $1.3bn Chile copper expansion

By: Mariaan Webb     15th November 2018 The Los Pelambres copper mine is set for a $1.3-billion expansion, with London-listed Antofagasta on Thursday announcing that production at the Chile mine would be increased by an average 60 000 t/y. The project, owned 60% by Antofagasta and 40% by consortiums led by Nippon and Mitsubishi, will... 

Antofagasta approves $1.3bn Chile copper expansion
Antofagasta CEO Ivan Arriagada

Rio Tinto joins race for Teck's copper project stake - sources

By: Reuters     14th November 2018 LONDON – Rio Tinto is among parties making a final offer for a minority stake in Teck Resources' Quebrada Blanca copper mine expansion in northern Chile, a development worth $4.8-billion, two sources close to the matter said. The world's second largest mining company is eager to boost its copper... 

Drilling delineates new corridor of mineralisation at Kamoa-Kakula

By: Tasneem Bulbulia     14th November 2018 Exploration drilling at Ivanhoe Mines’ Kamoa North prospect area, which forms part of the 397 km2 Kamoa-Kakula mining licence, in the Democratic Republic of Congo (DRC), has successfully delineated two new, continuous corridors of shallow copper mineralisation containing zones of thick,... 

Copper industry sees green shoots of demand after trade war price slump

By: Reuters     14th November 2018 The outlook for copper demand in the mid to long term remains healthy despite current trade friction between China and the United States as a renewable energy revolution will require vast amounts of the metal, industry executives said on Wednesday. Delegates at the Asia Copper Conference in... 

Congo State miner wants meeting over Katanga cobalt export halt 

By: Bloomberg     14th November 2018 The Democratic Republic of Congo’s state-owned miner sought an urgent meeting to discuss a decision by Glencore unit Katanga Mining last week to halt cobalt exports. Katanga, controlled by Glencore, announced November 6 it suspended sales from its Kamoto mine in southeast Congo after detecting... 

Congo State miner wants meeting over Katanga cobalt export halt

Hudbay sets date for special shareholders meeting

By: Creamer Media Reporter      14th November 2018 Toronto-headquartered Hudbay Minerals has set February 28 for a special meeting of the company’s shareholders to consider an advisory resolution requisitioned by Waterton Global Resource Management. Waterton, a 7% shareholder of Hudbay, in October requested changes to Hudbay’s board, citing the... 

Copper giant says future's bright as China can handle trade war

By: Bloomberg     14th November 2018 Global copper consumption is set to expand next year even as the U.S.-China trade war rumbles on, according to a major European miner, which expects usage to be underpinned by shifts in the mainland economy and the government’s plans to develop infrastructure across Asia. “Demand for copper shall... 

Copper giant says future's bright as China can handle trade war
Marcin Chludziński

Talon unveils results of initial PEA for Tamarack

By: Creamer Media Reporter      13th November 2018 TSX-listed Talon Metals has announced the results of the initial preliminary economic assessment (PEA) that it used as a basis for negotiating the right to acquire up a 60% interest in the Minnesota-based Tamarack project from Rio Tinto. The initial PEA focuses on the Tamarack North project and... 

Euro Sun’s Rovina Valley licence fully approved

By: Creamer Media Reporter      12th November 2018 Romanian Prime Minister Viorica Dăncilă has signed the mining licence for the Rovina Valley project, making TSX-listed Euro Sun Mining the first non-State-owned entity to have a ratified mining licence. “The importance of this ratification cannot be overstated. Romania has now demonstrated an... 

Sandfire reports delay in Black Butte permitting process

By: Creamer Media Reporter      12th November 2018 The Black Butte permitting process has been “slightly delayed”, project developer Sandfire America reported last week, citing new environmental requirements in the US state of Montana. TSX-V-listed Sandfire America explained that the Black Butte project would be the first new copper mine in the... 

Avrupa starts Portugal drilling as it closes first tranche of placement

By: Creamer Media Reporter      11th November 2018 Canada-listed, Europe-focused junior Avrupa Minerals has closed the first tranche of its private placement of $500 000, comprising 10-million units, allowing the company to start a drilling programme at its project in Portugal. The 2 500-m to 3 000-m drilling programme at the Alvalade copper/zinc... 

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