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Copper News

Hybrid solar systems punted as the way forward for sub-Saharan Africa mines

By: Dylan Slater     13th October 2017 Factors such as limited and unreliable energy transmission and distribution grids, across many countries in sub-Saharan Africa, have created a dependency among large industrial and mining houses on diesel and heavy fuel oil (HFO) to provide a reliable energy supply, says renewable-energy... 

Atalaya fine tunes copper guidance on record Q3 output

By: Mariaan Webb     12th October 2017 Record third-quarter production from the Proyecto Riotinto mine, in Andalucía, Spain, has prompted Atalaya Mining to fine tune its copper production guidance for 2017. The mine boosted its September-quarter production by 18% to a record 10 679 t of copper in concentrate, as copper head grade and... 

Atalaya fine tunes copper guidance on record Q3 output

Nifty reserves increase by 55%

By: Esmarie Swanepoel     12th October 2017 Ore reserves at the Nifty copper mine, in Western Australia, have increased by 55%, representing an additional 84 000 t of copper, ASX-listed Metals X reported on Thursday. The total ore reserve at Nifty is reported at 13.9-million tonnes, grading 1.71% copper for 237 500 t of contained copper,... 

South Africa should consider agromining – US professor 

By: Martin Creamer     11th October 2017 South Africans, who have been mining for metals for more than a century, were this week urged to farm for metals. South African-born Stephen Haggerty, a distinguished research professor of Florida International University in the US who spoke to Mining Weekly Online while in Johannesburg, outlined... 

South Africa should consider agromining – US professor
Florida International University distinguished research professor Stephen E Haggerty talks to Mining Weekly Online’s Martin Creamer on the potential to farm for metals. Photographs: Duane Daws. Video and Video Editing: Lionel de Silva.

ARM appoints two nonexecutive directors

By: Martin Creamer     11th October 2017 Diversified mining company African Rainbow Minerals (ARM) on Wednesday announced the appointment of two new nonexecutive directors. They are David Noko, who has been appointed as an independent nonexecutive director, and Jan Steenkamp, who has been appointed as a nonexecutive director. 

ARM appoints two nonexecutive directors
David Noko

Gamsberg zinc prestrip close to halfway mark – Vedanta

By: Martin Creamer     10th October 2017 The prestripping of waste rock at the Gamsberg zinc mine project in the Northern Cape is close to the halfway mark, Vedanta Resources reported on Tuesday, when its interim CEO Kuldip Kaura described as “strong” the quarterly production performances of the London-listed, India-rooted mining... 

Gamsberg zinc prestrip close to halfway mark – Vedanta
Photo by Duane Daws
Activity at the Gamsberg zinc mine project.

Bluejay increases land position in Greenland

By: Creamer Media Reporter      10th October 2017 Aim- and FSE-listed Bluejay Mining has increased its landholding in south-west Greenland, where it sees potential for mineralisation similar to that of the Norilsk-Talnakh nickel/copper sulphide mine, located in northern Russia. Bluejay increased its land package for the Disko-Nuussauq magmatic... 

Congo halts Sicomines' copper exports, orders local refining

By: Bloomberg     9th October 2017 The Democratic Republic of Congo ordered Sinohydro Corp. and China Railway Construction Corp.’s local mining venture to stop exporting unprocessed copper and cobalt and refine all its metals within the country. Sicomines must ship “only high-value products” as the government looks to “ensure the... 

Seabridge finds more high-grade mineralisation at Iron Cap

By: Henry Lazenby     6th October 2017 Precious metals explorer Seabridge Gold continues to expand the mineral resources at the Iron Cap deposit, at the company’s Kerr-Sulphurets-Mitchell (KSM) project, in north-western British Columbia. The Toronto-headquartered company said on Tuesday that the long and strong intersections support a... 

Indonesian consortium bids for copper miner Finders

By: Esmarie Swanepoel     6th October 2017 Copper miner Finders Resources on Friday flagged a possible A$178-million takeover offer from a consortium consisting of Indonesia-listed companies. The consortium, known as Eastern Field Developments, is jointly owned by Procap Partners, PT Saratoga Investama Sedaya and PT Merdeka Copper Gold. 

Capital-saving solutions for crushing and screening

     6th October 2017 Rising commodity prices reinvigorate the potential of new mining projects, but raising enough finance still remains a challenge; however, crushing and screening plants specialist B&E International has a toll model that reduces capital demands on mining entrepreneurs. “This concept appeals to the... 

Company investing in new tech despite challenging market

By: Tasneem Bulbulia     6th October 2017 Mining solutions provider Harcliff Mining Services has installed a German-made Hӧfler Rapid 2000 cylindrical gear grinding machine at its manufacturing facility in Gauteng, South Africa. The machine, bought from Switzerland-headquartered Swiss-German gear technology company Klingelnberg Group was... 

Company investing in new tech despite challenging market
ON THAT GRIND The Hӧfler Rapid 2000 cylindrical gear grinding machine manufactures high-accuracy pinions for mill and kiln open gearing applications

World’s ‘largest wheel loader’ bound for Zambian copper mine

By: Dylan Slater     6th October 2017 The Zambia-based Sentinel copper mine is set to receive “the world’s largest wheel loader” – a P&H L-2350 wheel loader – according to Komatsu Mining Corporation, previously known as Joy Global.  

World’s ‘largest wheel loader’ bound for Zambian copper mine
INCREASED PAYLOAD The P&H L-2350 was chosen for loading applications at Sentinel mine owing to its capability of loading the mine’s ultra class haul trucks

Golden value-addition for Zambian copper miner

By: Ilan Solomons     6th October 2017 Copper mining can produce lucrative by-products, with the most common one in Zambia being cobalt. It sells for five times more than copper on world markets. However, Zambia Chamber of Mines initiative Mining for Zambia (MFZ) points out that the ultimate by-product for any copper mine is gold and... 

Golden value-addition for Zambian copper miner
KANSANSHI COPPER MINE ‘Advanced mining techniques’ have assisted the mine in recovering increasingly more ounces of gold during the mineral refining process

Havilah raises cash to fund South Australia copper growth

By: Esmarie Swanepoel     5th October 2017 Junior Havilah Resources will raise about A$7-million to fund its copper growth strategy, which will see the company develop its advanced stage copper/gold/cobalt projects in South Australia. The projects tipped for development include the 1.14-million tonne of copper and 3.3-million ounce of... 

BofAML updates mined commodity price forecasts as Chinese policies prop up prices

By: Henry Lazenby     4th October 2017 The Global Research team at the Bank of America Merrill Lynch (BofAML) has updated its price forecasts for mined commodities, saying on Wednesday that its prior price outlook had been too bearish for cyclical raw materials, while the near-term outlook for gold and silver looks less bullish than... 

Open Mineral Exchange revolutionises commodity trading through innovative online platform 

By: Henry Lazenby     4th October 2017 A group of former traders at commodity giant Glencore has created an innovative new cloud-based mineral exchange to make it easier for producers and users to trade physical commodities – cutting out the often costly middle man. “We are reinventing the industry,” Open Mineral Exchange (OME) COO... 

Open Mineral Exchange revolutionises commodity trading through innovative online platform
Photo by Open Minera Exchange
Open Mineral Exchange co-founders COO Ilya Chernilovskiy (L) and CEO Boris Eykher (R).jpg

Rip up charter, provide tax incentives, back junior miners – Maimane 

By: Martin Creamer     4th October 2017 Mining Charter Three should be ripped up, proper tax incentives introduced and junior mining enterprises supported to restore investment in the mining industry, which is a stimulator of the South African economy as a whole, Opposition Democratic Alliance leader Mmusi Maimane said on Wednesday.... 

Rip up charter, provide tax incentives, back junior miners – Maimane
Opposition Democratic Alliance leader Mmusi Maimane, addressing delegates at the Joburg Indaba conference. Camerawork: Nicholas Boyd. Editing: Lionel da Silva.

ANC will heed Joburg Indaba call for removal of Minerals Minister – Mkhize 

By: Martin Creamer     4th October 2017 The majority call by the Joburg Indaba for the government to replace Mineral Resources Minister Mosebenzi Zwane with a new Minister would be communicated to the African National Congress (ANC), which was committed to facilitating an enabling environment for the South African mining industry, ANC... 

ANC will heed Joburg Indaba call for removal of Minerals Minister – Mkhize
ANC treasurer general Dr Zweli Mkhize addresses delegates at the Joburg Indaba about Mineral Resources Minister Mosebenzi Zwane. Camerawork: Nicholas Boyd. Editing: Lionel da Silva.

Copper Mountain wraps summer drill campaign, starts New Ingerbelle campaign

By: Henry Lazenby     4th October 2017 British Columbia-based copper producer Copper Mountain Mining has completed its summer drilling programme at its eponymous Copper Mountain mine and started drilling at the new Ingerbelle target, both located near Princeton in the province’s south. The programme was intended to expand resources on... 

Central Asia expects FY output to be upper end of guidance

By: Creamer Media Reporter      3rd October 2017 The Kounrad dump leach solvent extraction and electrowinning copper recovery plant in Kazakhstan has produced 3 842 t in the third quarter, Aim-listed Central Asia Metals Limited (CAML) reported on Tuesday. The third-quarter production is lower than the 4 102 t produced a year earlier, but places... 

Imperial Metals' holders count on another billionaire rescue

By: Bloomberg     3rd October 2017 Has billionaire Murray Edwards stepped in to prop up a troubled Canadian copper miner once more? That’s what investors and analysts are wondering after Imperial Metals won a second reprieve on its loans until October 13, while bankers review a new financial rescue plan. Edwards, the company’s... 

Broadway searching for copper porphyry at Madison; adds 'fourth shot' at building mine

By: Henry Lazenby     3rd October 2017 Junior explorer Broadway Gold Mining has started work on a 3 050-m Phase III surface drilling programme targeting copper/gold porphyry mineralisation at the company’s 100%-owned Madison project, in the fabled Butte-Anaconda mining region of Montana. Extensive geological interpretation of Phase I... 

Broadway searching for copper porphyry at Madison; adds 'fourth shot' at building mine
Photo by Duane Daws
Broadway Gold Mining president and CEO Duane Parnham sees 'company maker' potential at Madison, Montana

Chile confident that stable legislation, strong institutions promote its mining sector

By: Natasha Odendaal     2nd October 2017 As various headwinds continue to challenge mining industries worldwide, a Chilean delegation visiting South Africa on Monday spoke of stable legal frameworks and solid institutions as being critical factors in the success of its mining sector. As part of a Chilean delegation visiting three... 

Savannah reports ‘steady progress’ towards granting of Oman licences

By: Creamer Media Reporter      2nd October 2017 Aim-listed Savannah Resources is making “steady progress” towards the granting of mining licences for the first two of a planned series of copper mine developments in Oman. To date, the company has received regulatory approval from five Ministries for the Maquil South licence application,... 

Commercial production declared at KAZ Minerals’ Aktogay sulphide plant

By: Mariaan Webb     2nd October 2017 Copper miner KAZ Minerals on Monday announced that the sulphide concentrator at its new Aktogay mine, in eastern Kazakhstan, had reached commercial production and that the mine could exceed its 2017 production guidance. Commissioning of the sulphide concentrator started in December last year and... 

Commercial production declared at KAZ Minerals’ Aktogay sulphide plant
Copper cathode production at the Aktogay mine.

Interest building in attractive tax incentive for mine owners

By: Martin Creamer     29th September 2017 Interest is building in the Section 12J of the Income Tax Act incentive structure introduced by Treasury to promote venture capital investments and stimulate growth and job creation in the South African economy, Mining Weekly Online can report. The aim of Section 12J is to encourage investment... 

Interest building in attractive tax incentive for mine owners
Photo by Jaltech
Possible structure for Section 12J tax incentive

Sierra lifts Yauricocha M&I resources 68%

By: Henry Lazenby     29th September 2017 Canadian miner Sierra Metals announced on Thursday that its ongoing brownfield exploration at the producing Yauricocha mine, located in Yauyos province, Peru, has increased the resource statement's compliant measured and indicated resources by 68%, and its inferred resources by 77%. The... 

Trust and confidence key to advancing S African mining

By: Robyn Wilkinson     29th September 2017 With uncertainty reigning in the South African mining landscape, it is imperative that the private sector maintain a positive approach to transformation, says consulting engineering and scientist firm SRK Consulting partner and principal consultant Andrew van Zyl. 

Trust and confidence key to advancing  S African mining
ANDREW VAN ZYL The mining industry needs to prioritise the rebuilding of reserves, the stimulation of new exploration and the process of consolidation

Stakeholder cohesion crucial to change trajectory of South African mining

By: Robyn Wilkinson     29th September 2017 Chamber of Mines of South Africa (CoM) CEO Roger Baxter will consider the role that the CoM and mining companies can play in increasing investment in South Africa’s mining sector, despite current challenges, by creating an enabling business environment through the building of trust between mining... 

Stakeholder cohesion crucial to change trajectory of South African mining
ROGER BAXTER Key to encouraging cohesion between mining stakeholders is a continued commitment to driving transformation in the industry at all levels

Time for mining industry to take action

     29th September 2017 In the wake of commodity prices beginning to show signs of recovery in 2016, mining companies globally have taken steps to strengthen their balance sheets, building a platform from which to take decisive action about the future, says multinational professional services provider PwC Africa energy,... 

Time for mining industry to take action
MICHAL KOTZE The mining industry has moved out of danger and some mining companies see the conditions as ripe for value accretive moves, with market differentiation their immediate goal

Gigantic SA-made ore scrubber destined for Sierra Leone mineral sands mine

By: Mia Breytenbach     29th September 2017 Mechanical process equipment and solutions provider MechProTech has completed the manufacturing of one of its largest pieces of mining process equipment – the multimillion-rand, Titan 3596 mineral ore scrubber – which will be delivered to a mineral sands mine in Sierra Leone. MechProTech focuses... 

Gigantic SA-made ore scrubber destined for Sierra Leone mineral sands mine
Photo by Duane Daws
SIZABLE PROCESSING Titan 3596 mineral ore scrubber is used to wash and break up alluvial gravels, clay and sand

Zambia mines deny they are being subsidised by domestic electricity consumers

By: Ilan Solomons     29th September 2017 The notion that Zambia’s mines are being subsidised by domestic consumers is  “wholly untrue and completely at odds with the facts”, states Zambian Chamber of Mines president Nathan Chishimba, in response to a number of recent articles in the Zambian media suggesting that the government and... 

Zambia mines deny they are being subsidised by domestic electricity consumers
Photo by Duane Daws
KEY CUSTOMER The Zambian mining industry accounts for 80% of Zesco’s revenues with the balance coming from households, government, general industry and agriculture

Offshore capital equipment markets come in handy amid ‘turmoil’ in domestic mining sector

By: Dylan Slater     29th September 2017 South African capital equipment manufacturers that are exporting, and which have survived the ongoing turmoil in the mining industry and domestic economic environment, have showed resilience and bear testament to the lifeline provided through exporting products and not relying solely on sales... 

Offshore capital equipment markets come in handy  amid ‘turmoil’ in domestic mining sector

Pembridge targets inaugural deal before year-end

By: Creamer Media Reporter      28th September 2017 Mining-focused special purpose acquisition company Pembridge Resources has stepped up its due diligence on a number of potential targets, with the aim of announcing an inaugural transaction by the end of the year. The company, which in August moved from the Aim to LSE main board, is looking for... 

No clarity on funding drawdown for mine rehab – Joburg Indaba

By: Martin Creamer     27th September 2017 There is no clarity on the way that mining companies can draw down from their financial provision vehicles to undertake mine rehabilitation, the Joburg Indaba Breakfast heard on Wednesday during a discussion on the implications of the new National Environmental Management Act (Nema). Chaired by... 

No clarity on funding drawdown for mine rehab – Joburg Indaba
Photo by Joburg Indaba
Panellists from left to right are Pan African CEO Cobus Loots, MSA MD Ben Burnand, PwC's Dr Ferdi Linde, ENSafrica's Andries Myburgh, DMR's director of mine closure Reuben Masenya and Cenviro Solutions MD Leentie Smit

Yamana bets on gold price falling, locks 60% of output in option contracts

By: Henry Lazenby     26th September 2017 In the final stages of construction of the $126-million Cerro Moro project, in the Santa Cruz province of Argentina, Canadian gold major Yamana Gold has locked up about 60% of gold output in option contracts. The Toronto-based miner said on Monday that it needed to secure certainty of cash flows... 

BC’s NDP-led govt talks up exploration, mining as basis for building burgeoning communities

By: Henry Lazenby     26th September 2017 British Columbia is ‘ground zero’ for mining in Canada, as technological advances require an ever-increasing volume of metals to satisfy improving standards of living and environment-friendly technologies. This was the key message to attendees at the fourth yearly Resource Breakfast Series held... 

BC’s NDP-led govt talks up exploration, mining as basis for building burgeoning communities
Photo by British Columbia Government
BC Minister for Energy, Mines and Petroleum Michelle Mungall was formally sworn in by Lieutenant Governor Judith Guichon

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