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Copper News

Analysts okay Glencore’s 2017 production downs

By: Martin Creamer     1st February 2018 Analysts on Thursday okayed last year’s production performance of diversified mining and marketing company Glencore, which on Thursday reported lower 2017 production for many commodities owing to the impact of disposals, maintenance work and weather. Barclays analysts Amos Fletcher, Ian Rossouw... 

Kefi welcomes senior managers to executive committee

By: Megan van Wyngaardt     1st February 2018 Aim-listed gold and copper exploration and development company Kefi Minerals has expanded its senior management team as part of preparations for its development and operations. This includes the appointment of David Munro as head of operations, Eddy Solbrandt as head of systems and Brian Hosking... 

DRC to have biggest growth story in mining this year, despite risks - BMI

By: Megan van Wyngaardt     1st February 2018 Research firm BMI expects the Democratic Republic of Congo (DRC) to be the fastest-growing major mining market in the world this year. In its latest industry trend analysis, the firm outlined that this growth would be driven by rising prices of key commodities, which would improve mining... 

Nevsun to invest up to $60m at Serbia project in 2018

By: Simone Liedtke     1st February 2018 New York Stock Exchange-listed Nevsun Resources will invest between $50-million and $60-million this year to advance its Timok Upper Zone copper/gold project, in Serbia. The company on Wednesday released its guidance for this year, with zinc production forecast to reach between 210-million and... 

Ivanhoe notes possible changes to DRC mining laws

By: Anine Kilian     1st February 2018 TSX-listed Ivanhoe Mines has taken note of proposed changes to the mining code in the Democratic Republic of Congo (DRC). Lawmakers in the DRC have reportedly voted in favour of new mining laws that lifts a provision which exempted licence holders from compliance with the new code for ten years. 

OceanaGold sets out production, capex plans for 2018

By: Mariaan Webb     1st February 2018 Australia-based OceanaGold on Thursday published its 2018 production guidance, stating that its four mines in the Philippines, New Zealand and the US would produce between 480 000 oz and 530 000 oz of gold and 15 000 t to 16 000 t of copper. The Didipio and Waihi mines, in the Philippines and... 

OceanaGold sets out production, capex plans for 2018
The Waihi mine on New Zealand's North Island.

Katanga gaining traction at KOV mine in DRC

By: Megan van Wyngaardt     1st February 2018 TSX-listed Katanga Mining mined 433 169 t of ore, at an average grade of 2.18%, to produce 9 459 t of copper, at its KOV mine, in the Democratic Republic of Congo (DRC), during the fourth quarter of 2017. In 2016, ore mined at KOV reached 825 t and was related to incidental ore mined during waste... 

Orvana appoints interim CEO

By: Anine Kilian     1st February 2018 Gold and copper miner Orvana Minerals Corp has appointed Juan Gavidia as interim CEO, effective immediately. He will succeed chairperson and CEO James Gilbert, who has resigned. 

Independence to cease mining at Long nickel mine in May

By: Mariaan Webb     1st February 2018 The Long nickel mine, near Kambalda, Western Australia, is set for closure this year, Independence Group announced in its December quarter results. Mining will cease on May 31, after which the underground mine will enter care and maintenance. The Long mine produced 1 374 t of contained nickel and... 

Testwork at Orion's Prieska project sets stage for next phase

By: Megan van Wyngaardt     31st January 2018 JSE-listed minerals explorer Orion Minerals on Wednesday said detailed metallurgical test work will be conducted at its Prieska zinc/copper project, using 1 583 kg of diamond drill core samples obtained from mineralised intersections in 21 holes drilled across the mineralised zones of the deposit... 

Coal India diversification strategy moves ahead

By: Ajoy K Das     31st January 2018 Coal India Limited (CIL) will complete the formation of a separate independent business to undertake diversified mining before the end of the current financial year. According to company sources, CIL will comprise two business verticals, independent of each other, one taking charge of diversified... 

Metal Tiger, MOD to proceed with feasibility study on Botswana copper project

By: Megan van Wyngaardt     31st January 2018 Following the successful completion of a prefeasibility study (PFS) on the T3 copper project, in Botswana, joint venture (JV) partners Metal Tiger and MOD Resources have agreed to proceed with a feasibility study this quarter. The PFS assumed two models, including openpit mining and conventional... 

Testwork confirms DMS applicability at Cradle Arc’s Botswana copper mine

By: Anine Kilian     31st January 2018 An independent test report from inspection, verification, testing and certification company SGS South Africa, has detailed grading analysis sampling results and confirmed the applicability of dense media separation (DMS) at Aim-listed Cradle Arc’s flagship asset, the Mowana copper mine, in... 

Rio Tinto accused of $700m tax dodge on Mongolian mine

By: Bloomberg     31st January 2018 Rio Tinto Group has been accused by a Dutch non-profit group of avoiding about $700-million in taxes related to its Oyu Tolgoi copper mine in Mongolia. The company denied the allegations. Rio and its Canadian subsidiary Turquoise Hill Resources used so-called mailbox companies in Luxembourg and... 

Zambia's chamber of mines says rail transport law 'inappropriate and unworkable' 

By: Reuters     31st January 2018 A new Zambian law compelling mining companies and other bulk cargo firms to transport at least 30% of their freight by rail is "economically inappropriate and unworkable" and should be reviewed, the Chamber of Mines said on Wednesday. Transport Minister Brian Mushimba said on Friday the law was... 

Vale diversifies away from iron-ore despite strong China demand – CEO

By: Reuters     30th January 2018 Continued Chinese efforts to reduce pollution will boost demand for Vale's high quality iron-ore, the Brazilian miner's chief executive said on Tuesday, even as the world's top iron-ore producer seeks to diversify away from the metal. China's aggressive campaign to clean its skies by clamping... 

Sandfire maintains strong production in Dec quarter

By: Megan van Wyngaardt     30th January 2018 ASX-listed Sandfire Resources maintained strong mine production and milling rates for the three months to December 31, with copper production reaching 16 263 t, up from 15 528 t in the previous quarter. C1 cash operating costs for the quarter were $1.02/lb, which increased slightly from the... 

Newcrest delivers significantly improved quarter

By: Mariaan Webb     30th January 2018 All but one of Newcrest’s five operations have delivered more ounces in the December quarter than in the previous quarter, the Australia-based gold major reported on Tuesday. Gold production increased by 17.2% quarter-on-quarter to 613 000 oz and copper production was up 33.8% quarter-on-quarter... 

Newcrest delivers significantly improved quarter

Brazil, Peru to lead LatAm mineral project development to 2020

By: Henry Lazenby     30th January 2018 Boosted by higher commodity prices in general, miners are increasingly focusing on project development as healthier balance sheets allow them the opportunity to return to their long-term growth strategies. According to data supplied by Fitch-affiliated research firm BMI, two countries are... 

Brazil, Peru to lead LatAm mineral project development to 2020

Nautilus production equipment exceeding design specs

By: Henry Lazenby     30th January 2018 Testing of the fleet of underwater machines that marine mining pioneer Nautilus Minerals will use to mine the Solwara 1 gold/copper project, offshore Papua New Guinea (PNG), has so far delivered results meeting or exceeding design parameters, the company recently reported. Headquartered in... 

Argent granted tin/copper tenements in Tasmania

By: Megan van Wyngaardt     29th January 2018 The Tasmanian government has granted ASX-listed Argent Minerals the Ringville and Queensberry tenements in the highly productive Mount Read Volcanics belt, following merit-based assessment processes in which the company's proposed exploration plans and capabilities were evaluated in separate... 

Cassinni secures option on early stage base metals project

By: Creamer Media Reporter      29th January 2018 Perth-based base and precious metals explorer Cassini Resources has entered into an option agreement to earn into the Yarawindah Brook project, located in agricultural land near New Norcia, Western Australia. The option agreement will see the company earn into the early stage nickel/copper/cobalt... 

OZ Minerals enters into Eastern Musgrave exploration JV

By: Creamer Media Reporter      29th January 2018 Copper/gold miner OZ Minerals has committed to an exploration joint venture (JV) in the Eastern Musgrave province of South Australia, targeting magmatic nickel and copper sulphide systems. The company announced on Monday that it had entered into an earn-in agreement with unlisted Australian... 

Nevsun appeals to Canada Supreme Court in Eritreans' forced labour lawsuit

By: Reuters     29th January 2018 Nevsun Resources is appealing to Canada's Supreme Court to throw out a lower court ruling which allowed Eritrean workers, who say they were forced to work at its mine, to have their lawsuit heard in Canada. Canada's top court said on Friday that Nevsun filed an application on Jan. 19, seeking... 

As global economy hums, Davos turns bullish on commodities

By: Bloomberg     27th January 2018 The last two editions of the World Economic Forum were somber affairs for oil industry chieftains and commodities tycoons. The consensus in Davos was that oil was going to stay low, OPEC would fail to lift prices, and the mining industry faced a difficult time. Roll forward to 2018 and there’s... 

Copper deals off to best start in 12 yrs as prices surge

By: Bloomberg     27th January 2018 Copper mining deals are off to the best start in at least 12 years – and more money could be pouring into the sector this year. More than $500-million in transactions are pending or were completed so far this month, the most recorded for January in Bloomberg data going back 12 years. Merger... 

Zambia court dismisses First Quantum bid to stop $1.4bn lawsuit

By: Reuters     26th January 2018 A $1.4-billion lawsuit against Canada's First Quantum Minerals in Zambia will go ahead, a Zambian court ruled after dismissing the company's bid to stop the case. State-owned ZCCM-IH launched action in October 2016 to sue First Quantum for $1.4-billion over claims that the Canadian company... 

Zambia says miners must move 30% cargo by railway 

By: Reuters     26th January 2018 Mining firms and other bulk cargo firms in Zambia must transport at least 30% of their freight by railway, the government said on Friday, imposing a law to revive the sector. Transport Minister Brian Mushimba told reporters there was evidence of a huge imbalance between use of the road and rail... 

Rio Tinto talks loom as a lifeline for Freeport in Indonesia

By: Bloomberg     26th January 2018 When it comes to finally reaching a deal to secure Freeport-McMoRan’s long-term right to keep mining in Indonesia, the ball appears to be firmly in Rio Tinto Group’s court. Over an almost two-hour conference call Thursday, CEO Richard Adkerson made it clear that the company’s efforts to get a... 

Rio Tinto talks loom as a lifeline for Freeport in Indonesia
Freeport-McMoRan CEO Richard Adkerson

Codelco gets approval for revised El Teniente buildout

By: Henry Lazenby     26th January 2018 Chilean State-owned copper miner Codelco has received environmental approval to implement a revised expansion plan at its El Teniente mine, which contributes the most copper to the miner's production profile. Codelco advised on Thursday that, despite the expansion project currently being executed... 

Battery metals demand will boost African exploration

By: Nadine James     26th January 2018 The exponential boost in demand for battery metals, in light of electric vehicle market growth, will drive exploration and investment in Africa, the 2018 Investing in African Mining Indaba panel on Energy Metals has determined. The discussion, live-streamed last month, was a preview of the panel... 

Battery metals demand will boost African exploration
Photo by Bloomberg
INDUSTRY CHARGING AHEAD As the electric vehicle industry has committed to the lithium-ion battery, cobalt and lithium demand is 'locked in' for the foreseeable future

Gold sponsor to exhibit latest tech and services

     26th January 2018 Capital equipment giant Caterpillar says it is focused on optimising operations – whether surface or underground, large or small – and resolving the issues critical to their success, and will present its technologies and services at the 2018 Investing in African Mining Indaba, in Cape Town.  

Gold sponsor to exhibit latest tech and services
DRIVING EFFICIENCY At 22 t capacity, the AD22 is the smallest underground truck in the Caterpillar equipment line, yet it offers greater payload than competitor trucks of the same size

Consultancy to partner with black entrants as they acquire Tier 1 coal assets 

By: Martin Creamer     26th January 2018 Project delivery and engineering consultancy WorleyParsons RSA is once again answering the call for transformation and broader economic participation of previously disadvantaged South Africans. The company’s latest initiative is black entrepreneur development in coal, which will be its key focus... 

Consultancy to partner with black entrants  as they acquire  Tier 1 coal assets
WorleyParsons RSA CEO Denver Dreyer discusses Mining Indaba plans with Mining Weekly’s Martin Creamer.

Freeport rises on Q4 earnings beat

By: Henry Lazenby     25th January 2018 The world's largest publicly listed copper producer Freeport-McMoRan has reported a better-than-expected headline profit for the three months ended December, as its focus on productivity, cost and capital discipline dovetailed with an improved market for copper. The Phoenix, Arizona-based miner... 

Freeport rises on Q4 earnings beat
Photo by Freeport-McMoRan
Grasberg, Indonesia

New mines boost KAZ Minerals copper output by 80%

By: Mariaan Webb     25th January 2018 The commissioning of the Bozshakol and Aktogay mines has seen KAZ Minerals achieve an 80% increase in its copper production last year and has helped its gold output to be at the top of its production guidance, the Kazakhstan miner reported on Thursday. In its fourth-quarter and full-year ended... 

New mines boost KAZ Minerals copper output by 80%
The Bozymchak mine.

Anglo American delivers increased output of most products in 2017

By: Natasha Odendaal     25th January 2018 Despite removing higher-cost platinum and metallurgical coal volumes, LSE- and JSE-listed Anglo American has reported a 5% rise in total production on a copper equivalent basis in 2017. “We have delivered another strong operating performance in 2017. The 5% increase for the full year reflects our... 

Anglo American delivers increased output of most products in 2017
Photo by Duane Daws
Anglo American CEO MArk Cutifani

Congo mining code passes Senate without opposition

By: Reuters     25th January 2018 Democratic Republic of Congo's new proposed mining code, which the industry has warned will stifle investment in the copper and cobalt-rich nation, sailed through the Senate without opposition late on Wednesday. A version passed by the National Assembly - Congo's lower house of parliament - last... 

Antofagasta takes a hit on lower output, higher cost outlook

By: Henry Lazenby     24th January 2018 London-listed and Chile-focused base metals miner Antofagasta has reported lower-than expected copper output for the fourth quarter, as lower output at Centinela offset higher production at Los Pelambres and the ramp-up of the Encuentro Oxides project. For the three months to December 31,... 

Antofagasta takes a hit on lower output, higher cost outlook

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