R/€ = 17.31 Change: 0.10
R/$ = 14.82 Change: 0.10
Au 1203.28 $/oz Change: 5.32
Pt 820.00 $/oz Change: 18.95

Copper News

Chinese firm launches $832m Zambia copper mine

By: Reuters     23rd August 2018 NFC Africa, majority owned by China Non-ferrous Metals Company Limited (CNMC), on Wednesday launched output at a new $832-million Zambian copper mine, extending the firm's lifespan by over 20 years. Zambia, Africa's second-largest producer of the metal, saw output rise 10.6% in the first half of... 

Zambia copper output up 10.6% in first half of 2018 – central bank

By: Reuters     22nd August 2018 Zambian copper output rose 10.6% to 402 222 t in the first half of the year, the central bank governor Denny Kalyalya said on Wednesday. Zambian copper mining industry has been increasing production of the metal thanks to stable power supply and relatively higher metal prices in recent months. 

Free gold on cards at Harmony’s Wafi-Golpu project 

By: Martin Creamer     22nd August 2018 South Africa’s Harmony Gold is now in the next significant special-mining-lease milestone on the journey towards the co-development of the rich Wafi-Golpu project in Papua New Guinea (PNG), 65 km south-west of the Port of Lae, PNG’s industrial hub and second largest city. Harmony owns 50% of this... 

Free gold on cards at Harmony’s Wafi-Golpu project
Mining Weekly Online Editor Martin Creamer interviewing Harmony Gold CEO Peter Steenkamp. Video & Video Editing: Darlene Creamer. Photograph: Creamer Media Chief Photographer Dylan Slater.

Lumina Gold spins out Luminex

By: Mariaan Webb     22nd August 2018 Shareholders in TSX-V-listed Lumina Gold have voted in favour of spinning out the company’s assets, other than the Cangrejos project, in Ecuador, into Luminex Resources, which will be listed on the same stock exchange. Luminex will hold all the concessions and properties previously held by... 

Ivanhoe says not aware of reason for share price decline

By: Mariaan Webb     21st August 2018 Canada-based Ivanhoe Mines, which has lost about 20% of its market share since the end of July, said on Tuesday that it was not aware of any company-specific reason for the recent decline in its share price. The Southern Africa-focused miner’s TSX shares have fallen from C$2.59 apiece on July... 

Panoro to expand drilling programme in Peru

By: Creamer Media Reporter      21st August 2018 The Peru Mines and Energy Ministry has approved a second modification of the semi-detailed environmental-impact assessment for the Cotabambas project, allowing TSX-V-listed Ponoro Minerals to extend its exploration drilling programme into highly prospective areas of Cluster 2. Cluster 2 has been... 

Global copper mine production up 5.7% in first five months of 2018 – ICSG

By: Marleny Arnoldi     21st August 2018 The International Copper Study Group (ICSG) says global mine production of copper in the first five months of this year increased by 5.7% year-on-year to about 450 000 t, while concentrate production increased by 5.5% year-on-year and solvent extraction and electrowinning (SX-EW) increased by 6%... 

Three companies from Canada, China, Russia bid for Serbian copper mine

By: Reuters     21st August 2018 Three companies have placed bids for a strategic partnership in RTB Bor, Serbia's only copper mine and smelter, the Economy Ministry said. In July, Serbia's government said it was seeking a partner to invest at least $350-million in debt-laden RTB Bor, but did not say how big a stake it would... 

Harmony enters 1.5m oz gold production realm

By: Martin Creamer     21st August 2018 The growth aspiration of Harmony Gold to produce at a rate of 1.5-million ounces of gold a year is within a hair’s breadth of becoming a foregone conclusion as production at Hidden Valley in Papua New Guinea and Moab Khotsong in South Africa click in optimally during the current financial year.... 

Harmony enters 1.5m oz gold production realm
Photo by Creamer Media
Harmony Gold CEO Peter Steenkamp

BHP’s underlying profit jumps 33%, pays record dividend

By: Esmarie Swanepoel     21st August 2018 Diversified miner BHP has reported a 33% increase in underlying attributable profit for the financial year ended June, as well as a 10% increasing in operating cash flows. Underlying attributable profit, which excludes one-time gains and losses, was reported at $8.9-billion for the 2018... 

BHP’s underlying profit jumps 33%, pays record dividend
BHP CEO Andrew Mackenzie

First Quantum reports fatality at Cobre Panama

By: Creamer Media Reporter      20th August 2018 TSX-listed miner First Quantum said on Monday that a worker at its Cobre Panama project had passed away and that a second worker was injured while constructing an electrical transmission line in the tailings management facility. The second worker has been transferred to hospital. 

Workers at Chile's Escondida, world's top copper mine, ink contract

By: Reuters     18th August 2018 The union representing workers of Chilean copper mine Escondida signed a new collective labor contract on Friday, ending the risk of a strike that could have paralyzed the world's biggest copper mine. Mine operator BHP had said earlier in the week that terms had been reached but the union needed... 

Union for Chilean mine Caserones accepts revised contract, averting strike

By: Reuters     17th August 2018 The main union for Chilean mine Caserones has accepted a revised contractual offer from the copper company, which averted the threat of a strike, according to an internal memo sent to workers early on Friday. An agreement between the union and the mining company, controlled by JX Holding and... 

Poland's KGHM optimistic of meeting 2018 output plan

By: Reuters     17th August 2018 Poland's KGHM, one of the world's biggest copper and silver producers, will achieve its 2018 copper production plan despite a fall in output in the first half of the year, the company's chief executive said on Friday. "Looking at the results planned for 2018 we are optimistic and we assume that... 

New-gen scanning technology released, interest from SA companies

By: Jessica Oosthuizen     17th August 2018 Global corporate engineering and consulting group DMT has released the new-generation Slim Borehole Scanner (SBS) technology for imaging extra-slim drill holes with a diameter of 23 mm, with keen interest from local mining companies, says DMT director Sodhie Naicker. One of the SBS’s primary... 

New-gen scanning  technology released,  interest from SA companies
SLIM BOREHOLE SCANNER The self-sufficient wireless tool is lightweight and easy to mobilise and use

Copper production forecast to plateau in 2019

17th August 2018 Think tank International Copper Study Group (ICSG) forecasts that global copper production will grow by around 3% in 2018 and then remain unchanged in 2019. At a meeting in Lisbon, Portugal in April, government delegates and industry advisers from most of the world’s leading copper producing and... 

Copper production  forecast to plateau  in 2019
Photo by Bloomberg
COPPER GROWTH Demand for cleaner energy and economic growth will have a positive impact on copper demand

Laboratory to expand services, product range

By: Erin Steenhoff-Snethlage     17th August 2018 Sandton-based chemical reagents supplier and distributor, Axis House, plans to considerably expand its metallurgical laboratory in the Western Cape, as well as its laboratory services and product range, as it believes that using specifically developed chemical reagents in the base metals... 

Laboratory to expand services, product range
Photo by Bloomberg
FOR PARTICULAR PURPOSE Axis House develops specifically designed chemical reagents

Miner looks to meet Southern Africa’s zinc deficit

By: Erin Steenhoff-Snethlage     17th August 2018 While the zinc industry is poised to have a structural deficit until 2022, diversified miner Vedanta Resources' Vedanta Zinc International (VZI) is well positioned to meet the needs of South African zinc users, says VZI and Vedanta Resources Africa Base Metals CEO Deshnee Naidoo. “The feasibility... 

Miner looks to meet Southern Africa’s zinc deficit
Photo by Creamer Media
COMMITTED TO AFRICA Vedanta Resources has invested significant capital in Africa

Zambia’s refined copper outlook positive

17th August 2018 Zambia will remain one of the fastest growing refined copper producers in the world over the coming years, owing to strong domestic smelting capacity, rising mine output and continuing government support, according to economic research company BMI Research, a member of the Fitch Group. As the... 

Zambia’s refined copper outlook positive
Photo by Bloomberg
COPPER REFINING Refined copper production will gradually contribute more than raw materials to Zambia’s economy

Congo copper faces increased LME scrutiny with audits

By: Bloomberg     16th August 2018 The London Metal Exchange (LME) will start requiring that copper producers which source metal from the Democratic Republic of Congo (DRC) carry out independent audits to prove their material is ethically sourced, according to people familiar with the matter. The LME is reviewing its requirements... 

Congo copper faces increased LME scrutiny with audits

Kaz Minerals copper miner declares dividend, H1 earnings rise

By: Reuters     16th August 2018 Kaz Minerals copper miner on Thursday announced an interim dividend of 6 US cents per share, the first since 2012, in keeping with a growing trend for miners to focus on shareholder returns. Kaz Minerals shares plunged early this month after the Kazakhstan-focused miner said it was expanding... 

Kaz Minerals copper miner declares dividend, H1 earnings rise

Oz Minerals profit jumps 59%, completes review of new Brazil assets

By: Esmarie Swanepoel     16th August 2018 Copper/gold miner Oz Minerals has reported a 59% increase in net profit after tax for the interim period ended June, with underlying earnings before interest, tax, deprecation and amortisation (Ebitda) increasing by 33%. Net profit after tax for the six months to June was reported at... 

Oz Minerals profit jumps 59%, completes review of new Brazil assets

Chile's Escondida says deal reached with union on new contract

By: Reuters     16th August 2018 Management at the world's largest copper mine, Chile's Escondida, said it struck a deal on Wednesday on a new labour contract with the union representing most of its workers. Union officials could not be reached for immediate comment on the agreement, which could signal labor peace after last... 

Orion turbocharges Prieska study

By: Martin Creamer     15th August 2018 The Sydney- and Johannesburg-listed exploration and development company Orion Minerals, which is developing a zinc and copper project at Prieska in the Northern Cape, on Wednesday announced the second tranche of its two-tranche share issuance to raise $7.86-million. The total $11-million capital... 

Orion turbocharges Prieska study
Photo by Creamer Media
Orion Minerals CEO Errol Smart

Metals poisoned by Turkey contagion as copper nears bear market

By: Bloomberg     15th August 2018 From Turkey’s financial crisis to China’s trade war, the emerging-market contagion is infecting metal markets. Base metals markets tumbled on Wednesday, with most contracts falling more than 2% in London. Copper sank below $6 000 a metric ton and is now approaching a bear market. Not even gold,... 

Metals poisoned by Turkey contagion as copper nears bear market

Daro exploration producing promising outputs

By: Schalk Burger     14th August 2018 Exploration work at the Daro copper/gold project, in northern Ethiopia, has produced promising results at the Teklil prospect and a significant gold-bearing quartz vein at the Keren prospect has been discovered, while stream sediment analysis has defined new target areas for exploration, Aim- and... 

Antofagasta's H1 earnings fall, trade tensions cloud demand outlook

By: Reuters     14th August 2018 Chilean copper producer Antofagasta said first-half core earnings fell 16.2% from a year earlier, citing weaker ore quality, and said trade tensions clouded the broader market outlook in the short term. Its share price was down by 5.4% by 09:13 GMT, while the broader sector was 0.8% lower. 

Antofagasta's H1 earnings fall, trade tensions cloud demand outlook
Ivan Arriagada

BHP, union extend labor talks at mammoth Chile copper mine

By: Reuters     14th August 2018 The union at the world's largest copper mine, Escondida in Chile, has called off a strike planned to start on Tuesday after agreeing to extend talks with operator BHP for another day. The announcement early on Tuesday comes amid fears of a repeat of last year's strike at Escondida, which jolted... 

Minister decries Gold Fields’ job-cut plan at cash-burning South Deep

By: Martin Creamer     14th August 2018 They say South Deep will be the last gold mine standing, but every report coming out of it indicates that it is an extremely hard nut to crack, with production hopelessly below guidance. Since 2006, Gold Fields has pumped R32-billion into South Deep without even breaking even, let alone making a... 

Minister decries Gold Fields’ job-cut plan at cash-burning South Deep
Photo by Creamer Media
Gold Fields CEO Nick Holland

Threat of contagion in emerging markets deepens commodity risk

By: Bloomberg     13th August 2018 When Thailand devalued its currency two decades ago, few in global commodity markets took note. Within a year, the crisis morphed into an emerging-market rout that eviscerated the price of everything from crude oil to copper. Fast forward to today and Turkey is presenting a similar challenge. The... 

Ivanhoe advances projects in ‘productive’ Q2

By: Marleny Arnoldi     13th August 2018 Canadian miner Ivanhoe Mines had a productive second quarter ended June 30, with underground development at the planned initial copper mine at Kakula, in the Democratic Republic of Congo (DRC), making steady progress. The mine is expected to reach the high-grade copper mineralisation later this... 

Ivanhoe advances projects in ‘productive’ Q2
Ivanhoe's Platreef exploration

McEwen closes $50m three-year loan

By: Marleny Arnoldi     13th August 2018 NYSE- and TSX-listed precious metals producer McEwen Mining has closed its previously announced $50-million senior secured three-year loan facility with Royal Capital Management Corporation. Owner and chairperson Rob McEwen is participating as a lender for $25-million of the total loan.  

Union at Caserones mine in Chile says members vote to strike

By: Reuters     13th August 2018 The main union at Chile's Caserones copper mine said on Sunday that 98.5% of its workers had voted to reject a final offer from mine operator Lumina Copper during mediation. The union said in a statement that as a result of the vote, that was held following a weekend-long meeting of its members,... 

Copper shorts exposed to supply shock as giant mine faces strike

By: Bloomberg     12th August 2018 Copper bears could get caught wrong-footed as a strike looms at the world’s biggest mine. In the US, hedge funds’ bearish bets outnumber bullish wagers by the most since 2016, latest government data show. The top brokers on the Shanghai Futures Exchange boosted their net-short position by more... 

 Copper shorts exposed to supply shock as giant mine faces strike

Most unions at Chile's El Teniente copper mine accept contract

By: Reuters     10th August 2018 Four of the five labor unions representing workers at the El Teniente copper mine in Chile have accepted the latest contract offer from state mining company Codelco, union leaders told Reuters. "The contract was approved by an ample margin after the company improved its offer," said Guillermo... 

MOD adjusts T3 feasibility

By: Esmarie Swanepoel     10th August 2018 Copper developer MOD Resources has incorporated a lager process plant for its T3 resource, in Botswana, into the project’s feasibility study, following a 44% increase in the project’s resource estimate. The feasibility study will now be based on a plant throughput rate of 3-million tonnes a... 

Nevsun CEO says several companies expressed interest in miner

By: Bloomberg     10th August 2018 Nevsun Resources says companies in China, Japan and Western countries are among potential white knights that have expressed interest in buying the miner as it seeks to ward off a hostile takeover by Lundin Mining. “Several companies have indicated an interest,” Nevsun CEO Peter Kukielski said... 

Barrick says China partner for copper 'makes all kinds of sense'

By: Bloomberg     10th August 2018 Barrick Gold executive chairman John Thornton says the Canadian miner is looking at its copper assets “very seriously” to see if it makes sense to form a copper company with one or two partners, most likely from China. “The question for us on copper is, ‘Can you take the copper assets, combine... 

Barrick says China partner for copper 'makes all kinds of sense'
Barrick Gold executive chairperson John Thornton
RSS Feed


Mining Weekly is a product of Creamer Media.

Other Creamer Media Products include:
Engineering News
Research Channel Africa

Read more


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


Advertising on is an effective way to build and consolidate a company's profile among clients and prospective clients. Email

View options
Free daily email newsletter Register Now