http://www.miningweekly.com
R/€ = 17.32 Change: 0.08
R/$ = 14.83 Change: 0.09
Au 1203.26 $/oz Change: 5.30
Pt 820.50 $/oz Change: 19.45
 

Copper News

Indonesia extends permit for giant Freeport copper mine as talks continue

By: Reuters     4th July 2018 Indonesia has extended a temporary operating permit for Freeport McMoRan's Grasberg project, the world's second-biggest copper mine, until the end of the month while discussions continue over long-term rights. Freeport's local unit, PT Freeport Indonesia (PTFI), has been given a temporary... 

Anil Agarwal faces shareholder resistance to $1bn Vedanta bid

By: Reuters     4th July 2018 Billionaire Anil Agarwal faces investor resistance to his $1-billion bid to buy out minority shareholders in Vedanta Resources and take the London-listed Indian miner private. Vedanta, chaired by its 64-year-old founder Agarwal, on Monday announced that its independent board directors were... 

Anil Agarwal faces shareholder resistance to $1bn Vedanta bid
Anil Agarwal

Moody’s warns of credit implications for Africa as China shifts to consumption-led growth

By: Simone Liedtke     3rd July 2018 China's shift to consumption-led growth will have mixed credit implications for African sovereigns, flattening the trade volumes of oil and ferrous metal exporters, while benefitting other exporters and tourist destinations, Moody's Investors Service said in a report published on Tuesday. "China... 

Weatherly appoints new Ongopolo mining CEO

By: Simone Liedtke     3rd July 2018 Aim-listed copper miner Weatherly International has appointed John Sisay CEO of Ongopolo Mining – its 97.5%-owned subsidiary which holds the mining licences for the Tschudi mine and the Otjihase project. He has also been appointed to the boards of a number of other Weatherly subsidiaries. 

Orion surveys confirm nickel, copper potential in Areachap Belt

By: Marleny Arnoldi     3rd July 2018 ASX- and JSE-listed Orion Minerals has reported positive initial fixed-loop electromagnetic survey results over nickel and copper targets on the Disawell prospecting right, in the Areachap Belt, in South Africa’s Northern Cape province.  

Alara awarded first mining licence in Oman since 2004

By: Simone Liedtke     3rd July 2018 The awarding of the first mining licence in 14 years in Oman marks a new chapter for copper mining in the Sultanate, Mineral Investment Affairs director-general Dr Salim Al Mahrougi has said. According to Australian junior Alara Resources, Al Mahroughi said at an event marking the official launch... 

Havilah moves closer to closure of Portia sale

By: Simone Liedtke     3rd July 2018 South Australian copper junior Havilah Resources on Tuesday said that the transaction to divest North Portia was expected to close within the next two weeks, despite delays experienced with the completion of the required documentation and approvals. The transaction to divest North Portia is... 

Congo court suspends hearing on Glencore-owned cobalt mine

By: Bloomberg     2nd July 2018 A court in the Democratic Republic of Congo suspended a hearing about a lawsuit brought by a former shareholder of a Glencore-owned cobalt and copper mine. The case was put on hold pending a decision by the country’s Court of Appeal on whether the High Court should have jurisdiction over the... 

Poland's copper producer KGHM ends maintenance at Glogow smelter

By: Bloomberg     2nd July 2018 Poland's KGHM, one of the world's biggest copper and silver producers, has finished a two-and-a-half month maintenance at its copper smelter in Glogow, the company said on Monday. "Production restarted eight days earlier than envisaged in the initial assumptions," KGHM said in a statement. 

Commodity powerhouse warns of risks to growth from trade war

By: Bloomberg     2nd July 2018 Commodity powerhouse Australia delivered a double-barreled warning that rising trade protectionism will hurt global growth, adding its voice to a chorus of alarm just days before the US and China slap duties on each other, risking a spiral of tit-for-tat tariffs. “Trade tensions between the US... 

Commodity powerhouse warns of risks to growth from trade war

MOD reports 44% increase in T3 resource

By: Esmarie Swanepoel     2nd July 2018 Copper explorer MOD Resources has reported a 44% increase in the T3 mineral resource, in Botswana, following recent exploration at the planned pit. The mineral resource at T3 is now estimated at 60-million tonnes, grading 0.98% copper and 14 g/t silver, for 590 000 t of copper and 27-million... 

Indonesia’s Inalum close to acquiring Rio interest in Grasberg copper mine

By: Reuters     1st July 2018 Indonesia's state-owned mining holding company PT Inalum is close to finalising a multi-billion-dollar deal to acquire a majority stake in the giant Grasberg copper mine, government officials said on Saturday. Situated in Indonesia's eastern-most province of Papua, Grasberg, the world's... 

Indonesia’s Inalum close to acquiring Rio interest in Grasberg copper mine
The Grasberg mine in Indonesia.

Orion issues shares to its BEE partner

By: Marleny Arnoldi     29th June 2018 ASX- and JSE-listed Orion Minerals has issued additional shares to its South African black economic empowerment (BEE) partner to the value of $250 000.  

Sibanye enters into strategic exploration partnership to unlock value in Argentina

By: Nadine James     29th June 2018 Precious metals miner Sibanye-Stillwater has entered into an agreement with TSX-listed Regulus Resources, and its newly formed subsidiary Aldebaran Resources, to create a strategic partnership to unlock value at the Altar copper/gold project, in San Juan province, Argentina. Under the terms of... 

Sibanye enters into strategic exploration partnership to unlock value in Argentina
Photo by Creamer Media
Sibanye CEO Neal Froneman

Commodities face a twin threat, Morgan Stanley says

By: Bloomberg     29th June 2018 Commodities face a twin threat in the coming months, according to Morgan Stanley, which flagged burgeoning risks to consumption from a potential escalation in global trade tensions, especially for metals, as well as any slowdown in China. “Escalating global trade tensions bring a risk of demand... 

Sierra Metals plans 66% production expansion at Peru mine

By: Mariaan Webb     29th June 2018 Toronto-based Sierra Metals has delivered a preliminary economic assessment (PEA) for a 66% production expansion at its Yauricocha base and precious metals mine, in Peru. The production expansion will expand the Yauricocha mine through stages from its current 3 000 t/d to 3 600 t/d in the first... 

Amur updates Kun-Manie estimates

By: Mariaan Webb     28th June 2018 London-listed nickel/copper-sulphide mineral explorer Amur Minerals on Thursday provided a mining potential update for its Kun-Manie project, in Russia’s Far East, focusing on the Ikenskoe/Sobolevsky (IKEN) and Kubuk (KUB) deposits. The update follows the 2017 drilling programme, which... 

Canada rejects proposed Ajax gold mine in British Columbia

By: Reuters     28th June 2018 The Canadian government said on Wednesday it had rejected the proposed Ajax openpit gold and copper mine in the Pacific province of British Columbia, citing what it said were significant adverse environmental effects. The plan to develop the site had been put forward by KGHM International, a... 

Mining investors spooked as African dispute payments multiply

By: Bloomberg     28th June 2018 Miners across Africa are increasingly using one-time payments to settle disputes with governments, a trend that’s disturbing some investors. A $150-million payment by Glencore’s Katanga Mining to the Democratic Republic of Congo’s Gecamines earlier this month followed Freeport McMoRan’s separate... 

Alara expects more revenue from Oman

By: Esmarie Swanepoel     28th June 2018 ASX-listed Alara Resources has updated the economics of its Al Hadeetha copper project, in Oman, which resulted in higher forecast revenues and earnings before interest, taxes, depreciation and amortisation (Ebitda), but also an increase in preproduction capital costs. Alara on Thursday said... 

Hot Maden project moves into next stage of development

By: Mariaan Webb     27th June 2018 The Hot Maden gold and copper project in Turkey will advance to the feasibility study level, after a prefeasibility study (PFS) has confirmed the viability of mining a total of 2.6-million ounces of gold equivalent over 11 years. The Hot Maden project, which was discovered only three years ago,... 

Oz Minerals moves to take Avanco in full

By: Esmarie Swanepoel     27th June 2018 Copper/gold miner Oz Minerals will start the compulsory acquisition of the remaining shares in takeover target Avanco, after gaining a 90.46% shareholding in the company. Oz Minerals’ offer of 8.5c in cash and 0.009 of its own shares for every Avanco share held will close on July 6.  

Copper remains globally undersupplied, but production to pick up in next decade – BMI

By: Marleny Arnoldi     27th June 2018 BMI Research expects the global copper market to experience a persistent undersupply over the coming years, as global consumption growth, driven by China's power and infrastructure sectors and increasingly by rising electric vehicle (EV) production, continues to outpace supply growth.  

Copper remains globally undersupplied, but production to pick up in next decade – BMI

Arc sells holding in noncore Andiamo

By: Anine Kilian     26th June 2018 Aim-listed Arc Minerals has sold its interest in Andiamo Minerals to Africa-focused mining private equity group AMED Funds for $532 000. Arc chairperson Nick von Schirnding said in a statement on Tuesday that the sale represented a major step forward in delivering on the company’s stated strategy... 

Nevsun announces inferred resource for Timok Lower Zone

By: Creamer Media Reporter      26th June 2018 The Timok (Cukaru Peki) Lower Zone deposit contains 31.5-billion pounds of copper and 9.6-million ounces of gold, TSX-listed Nevsun Resources said on Tuesday, announcing an initial resource estimate for the project in Serbia. The Timok Lower Zone – a joint venture with Freeport-McMoRan – has a... 

Cradle Arc’s acceleration plan at Mowana copper mine starts bearing fruit

By: Marleny Arnoldi     26th June 2018 Aim-listed copper and gold miner Cradle Arc expects to produce at least 5 700 t of contained copper at its Mowana copper mine, in Botswana, in the second half of this year.  

Workers at Codelco's Chuquicamata mine threaten strike

By: Reuters     26th June 2018 Workers at Codelco's Chuquicamata copper mine in Chile, the State miner's second largest by output, are threatening to walk off the job soon to protest plans to transform the century-old openpit into an underground mine, a union leader said on Monday. Four of the Chuquicamata's six workers'... 

Orion accelerating on all fronts, looking to upscale production

By: Martin Creamer     25th June 2018 ASX- and JSE-listed Orion Minerals has raised an additional A$11-million through a share placement so that it can accelerate on all fronts. This equity capital raising funds the company beyond the bankable feasibility study (BFS) to progress its Prieska zinc/copper project, in South Africa's... 

Orion accelerating on all fronts, looking to upscale production
Photo by Creamer Media
Orion Minerals CEO Errol Smart

Apollo get clearance for Couflens buy

By: Esmarie Swanepoel     25th June 2018 The French Ministry of Economy and Finance has given approval for ASX-listed Apollo Minerals to acquire the remaining 20% interest in the Couflens s tungsten/copper/gold project. Apollo in March this year struck a deal with fellow-listed Variscan Mines to acquire the remaining interest in the... 

Equinox separates copper and gold assets

By: Creamer Media Reporter      25th June 2018 Canadian junior Equinox Gold has announced the creation of a standalone company – Solaris Copper – to advance its exploration-stage copper projects Ecuador, Mexico, Chile and Peru. Equinox will own 40% in Solaris Copper, which will not initially be listed on a stock exchange listing, with the... 

Codelco says unions at Salvador mine reject early wage deal

By: Reuters     25th June 2018 Chile's Codelco, the world's top copper miner, said late on Friday evening that workers' unions at its small Salvador copper division had rejected an early wage deal from the company, pushing off further negotiations until later this year when its contract expires. The State-run miner said... 

Polish copper producer KGHM appoints new CEO

By: Reuters     25th June 2018 Poland's State-run KGHM, one of the world's biggest copper and silver producers, has appointed Marcin Chludzinski as its new CEO, the company said on Friday. Chludzinski has been the head of the State-run Industrial Development Agency. Local media, including Puls Biznesu, had reported he was the... 

Vast one step closer to final approval for Baita Plai

By: Mariaan Webb     22nd June 2018 Aim-listed mining company Vast Resources could start mining a 1.8-million-tonne-orebody in Romania in the near future, with the company only one regulatory step away from final approval for the Baita Plai polymetallic mine. Vast said Minister of Economy had approved the association licence... 

Vast one step closer to final approval for Baita Plai
The Baita Plai tailings dam

First Quantum says competitiveness key to Zambia copper production

By: African News Agency      22nd June 2018 Global metals and mining company First Quantum has urged Zambia to ensure competitiveness and stability in the sector in order to attract foreign direct investment and regain its slot as Africa's largest copper producer. Essential to this is a competitive electricity tariff structure that... 

Kibo sells nickel subsidiary to Katoro as it focuses on energy sector

By: Marleny Arnoldi     22nd June 2018 Aim-listed Kibo Mining has sold its Kibo Nickel subsidiary to Aim-listed Katoro Gold for 15.34-million shares valued at about £200 000.  

Trump vows to open Minnesota's Superior National Forest to mines

By: Bloomberg     21st June 2018 President Donald Trump vowed to open large swaths of lands in Minnesota’s remote Superior National Forest to mining, a move that could benefit a copper-nickel mine being pursued by Antofagasta subsidiary Twin Metals Minnesota. Speaking at a rally in Duluth, Minnesota, on Wednesday, Trump said... 

Copper mine planned for Utah National Monument shrunk by Trump

By: Bloomberg     21st June 2018 The red sandstone vistas in Utah’s Grand Staircase-Escalante National Monument may soon be criss-crossed with dump trucks after a Canadian mining company announced plans to begin operations on land cut from federal protection by President Donald Trump. Vancouver-based Glacier Lake Resources... 

First Quantum and Lumina make Ecuador earn-in formal

By: Creamer Media Reporter      21st June 2018 Copper miner First Quantum Minerals (FQM) has signed a formal earn-in agreement with Vancouver-based junior Lumina Gold to earn into the Orquideas and Cascas gold/copper concessions in Ecuador. In terms of the previously announced five-year agreement, FQM has committed to contribute $1.5-million... 

RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

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

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Close