R/€ = 15.87 Change: -0.27
R/$ = 13.66 Change: -0.22
Au 1278.54 $/oz Change: -21.47
Pt 884.00 $/oz Change: -20.07

Copper News

Drilling results build on Botswana project’s openpit expansion potential

By: Simone Liedtke     26th March 2018 The latest assay and drill hole intersection results for the T3 copper/silver project, in Botswana, indicate openpit expansion potential, says Aim-listed investment company Metal Tiger. Metal Tiger holds a 30% interest in the project, with the balance owned by ASX-listed MOD Resources. 

Vast expands Manaila’s mineral resource

By: Creamer Media Reporter      26th March 2018 Aim-listed Vast Resources has significantly expanded the mineral resource estimate of its Manaila polymetallic mine, which, when the company bought the Romanian mine in 2015, had less than 400 000 t of mineral resources left in the operating pit. The openpit mineral resource in the measured and... 

Copper developer Asiamet concludes negotiations with Indonesia

By: Creamer Media Reporter      26th March 2018 London-listed Asiamet has concluded long-running negotiations with the Indonesia government to amend the contract of work (CoW) of its operating subsidiary, Kalimantan Surya Kencana (KSK), a development which CEO Peter Bird describes as a “major derisking milestone” as the Beruang Kanan Main... 

Glencore faces off against labour group on Congo mine conditions

By: Bloomberg     26th March 2018 Commodity giant Glencore defended working conditions at its mines in the Democratic Republic of Congo after an international labour federation said its employees are poorly treated and underpaid. The spat with Geneva-based IndustriALL, a global union federation that says it represents more than... 

Rio sees $5bn copper expansion on track amid Swiss probe

By: Bloomberg     26th March 2018 Rio Tinto Group has yet to be contacted by Swiss authorities over a bribery investigation related to Mongolia’s giant Oyu Tolgoi copper and gold mine and the site’s $5.3-billion expansion remains on track, according to the producer’s top executive. The attorney general of Switzerland is... 

Rio sees $5bn copper expansion on track amid Swiss probe
Rio Tinto CEO Jean-Sebastien Jacques

US Army Corps announces scoping period for Northern Dynasty’s Pebble project

By: Henry Lazenby     23rd March 2018 The US Army Corps of Engineers' Alaska District will publish a notice of intent in the US federal register next week to prepare a draft environmental-impact statement (EIS) to review the Pebble Limited Partnership’s (PLP's) application to discharge fill material into US waters for the purpose of... 

Congo mines minister rejects industry proposal to retain exemptions

By: Reuters     23rd March 2018 Democratic Republic of Congo's mines minister rejected a proposal by mining companies on Friday to retain exemptions and scrap some taxes in exchange for higher royalties than those in a new mining code, calling the taxes "untouchable". Mines Minister Martin Kabwelulu was reacting to a proposal... 

Codelco reaches agreement with professionals at Ministro Hales mine

By: Reuters     23rd March 2018 Chile's state copper miner Codelco said on Thursday it had reached an agreement with the professionals' union at its Ministro Hales mine, in northern Chile, following early talks on a new collective labour contract. The 36-month contract, which includes a signing bonus of 7.1-million pesos ($11... 

As commodities roar, Africa wants bigger slice of mining pie

By: Bloomberg     22nd March 2018 One by one, the biggest names in African mining are getting squeezed. The tactics might be blunt, but the message is clear: the countries where they operate want a bigger share of the proceeds. The collapse in commodities through 2015 hobbled some of Africa’s biggest resource economies, stunting... 

Renewed focus on copper assets for Aim-listed Bezant

By: Mariaan Webb     22nd March 2018 Strong medium to long term fundamentals for copper market have prompted Aim-quoted Bezant Resources to shift its focus to its copper/gold exploration assets in the Philippines and Argentina, including the Mankayan project that contains 800 000 t of copper. “The copper price over the last 12... 

Global copper deficit widens 21% in 2017 as refined supplies stagnate

By: Henry Lazenby     21st March 2018 The latest data from the Lisbon, Portugal-based International Copper Study Group (ICSG) points to a 21% year-on-year widening in the global deficit of refined copper, as refined supplies remain stagnant. During 2017, the global refined copper balance slid to a deficit of 163 000 t of red metal,... 

Global copper deficit widens 21% in 2017 as refined supplies stagnate

Oyu Tolgoi completes sinking Shaft 5

By: Henry Lazenby     21st March 2018 Mongolia’s massive Oyu Tolgoi copper/gold mine has achieved its latest important milestone after sinking of the new Shaft 5 has been completed. The shaft has a final depth of 1 178 m. 

First Quantum steadies as CEO hopeful of escaping giant tax bill 

By: Bloomberg     21st March 2018 First Quantum Minerals recovered from what was shaping up to be its worst two-day drop in two years as its chief executive officer said he’s hoping to talk his way out of a $7.9-billion tax bill in Zambia - which includes $5.7-billion in interest. First Quantum received a letter from the Zambia... 

Workers at Chile's Los Pelambres mine extend contract talks - industry group

By: Reuters     20th March 2018 Workers at Antofagasta's Los Pelambres copper mine, in Chile, have opted to extend a period of government mediation in an effort to reach agreement on a new labour contract, an industry group said on Tuesday. Workers in the mine's largest union last week rejected an offer for a new labor... 

Eco Oro pursues $764m suit against Colombia as Angostura project postures to perish

By: Henry Lazenby     20th March 2018 Junior project developer Eco Oro Minerals is pursuing a $764-million judgement against Colombia after a court ruling has cancelled exploration over half its concession as part of national efforts to preserve high-altitude wetlands, known as the Páramos. The Vancouver-headquartered company has... 

Eco Oro pursues $764m suit against Colombia as Angostura project postures to perish
Photo by Eco Oro Minerals
Angostura project, Colombia

Capstone reports Cozamin fatality

By: Henry Lazenby     20th March 2018 Operations at Canadian base metals miner Capstone Mining’s Mexico-based Cozamin mine were temporarily suspended on Sunday, after an electrician lost his life while working on an underground voltage regulator. The worker was immediately transported to a hospital in Zacatecas state, where he later... 

Zambia targets 1Mt of copper output this year

By: Reuters     20th March 2018 Zambia expects to produce more than one-million tonnes of copper this year after revising its 2017 copper production upwards on the back of stable power supply, a senior ministry of mines official said on Tuesday. Rising copper prices were also expected to boost revenue collection in Africa's... 

Amur to position Russia project as ready source for EV battery market

By: Mariaan Webb     20th March 2018 London-listed Amur Metals is gearing up for an aggressive marketing programme in large nickel consuming nations China, Korea and Japan, as the Kun-Manie nickel sulphide project, in the far east of Russia, is shaping up to be potentially a ready source for the electric vehicle (EV) battery... 

Amur to position Russia project as ready source for EV battery market

EV adoption rate reaching critical mass as search for ethical cobalt heats up

By: Henry Lazenby     20th March 2018 Cobalt company Cobalt 27 is seeing an ideal storm brewing for its key commodity as the adoption rate of electric vehicles (EVs) accelerates faster than even optimistic forecasts had speculated. “Cobalt 27 is a proxy for the adoption of the EV,” executive chairperson Anthony Milewski told Mining... 

EV adoption rate reaching critical mass as search for ethical cobalt heats up

Yauricocha strike ends, not to impact Sierra Metals guidance

By: Henry Lazenby     19th March 2018 TSX- and NYSE American-listed Sierra Metals reported that a wildcat strike by less than 10% of workers employed at its Yauricocha mine, in Peru, has ended with minimal disruption and no expected impacts on 2018 production. Sierra said the strike action started on Friday and ended following... 

Weatherly narrows interim loss

By: Simone Liedtke     19th March 2018 With a continuing upward trend in the copper price in 2017, Namibia-focussed Weatherly International narrowed its loss for the six months to December 31 to $5.9-million, compared with a loss of $11.2-million in the six months to December 2016. Revenue after royalties for the six-month period as... 

DRC curbs expectations of miners about concessions on code

By: Bloomberg     19th March 2018 Mining companies in the Democratic Republic of Congo (DRC) won’t secure substantial concessions in talks with the state about changes to the industry code, a senior mining official said. The operators, including Glencore Plc and Randgold Resources, are pressing the government to row back on some... 

Avanco reports maiden resource at Pantera

By: Esmarie Swanepoel     19th March 2018 ASX-listed Avanco Copper has reported a maiden mineral resource of 20.8-million tonnes, grading 1.7% copper and 0.2 g/t gold at its recently acquired Pantera copper project, in Brazil. The project is estimated to host some 350 000 t of copper and a further 140 000 oz of gold, and has pushed... 

Wheaton Precious Metals portfolio biased to gold as organic growth pipeline lags

By: Henry Lazenby     19th March 2018 Canadian streaming firm Wheaton Precious Metals (WPM) has seen the proportion of precious metals in its production profile shift, with about two-thirds weighted to gold, as several of its silver-focused organic growth projects languish behind plan. The Vancouver-based company expects to have... 

Wheaton Precious Metals portfolio biased to gold as organic growth pipeline lags
Photo by Bloomberg
Wheaton Precious Metals CEO Randy Smallwood smiles during an interview at the Prospectors & Developers Association of Canada Convention, in Toronto

Poland's KGHM targets rise in Chilean copper ore output

By: Reuters     16th March 2018 Polish copper producer KGHM said it expects daily copper ore output at its Chilean mine Sierra Gorda to increase by 18% next year from current levels. State-run KGHM acquired Chilean and Canadian copper deposits in 2011 when it bought Canada's Quadra FNX for $2-billion, the largest ever foreign... 

ARM's Motsepe predicts successful charter, land outcomes 

By: Martin Creamer     16th March 2018 The executive chairperson of diversified black-controlled mining company African Rainbow Minerals (ARM), Patrice Motsepe, on Friday expressed the firm conviction that South Africa was in the process of reinforcing its position as a competitive mining destination through a positive Mining Charter... 

ARM's Motsepe predicts successful charter, land outcomes
African Rainbow Minerals executive chairperson Patrice Motsepe at presentation of 15% higher half-year earnings covered by Mining Weekly Online’s Martin Creamer. Photographs: Dylan Slater. Video and Video Editing: Darlene Creamer.

US legislation bodes well for Thor Mining's Nevada tungsten project

By: Simone Liedtke     16th March 2018 The US House of Representative's Natural Resources Committee has passed the National Strategic and Critical Minerals Production Act, which Aim- and ASX-listed Thor Mining said would benefit its Pilot Mountain tungsten project in Nevada. While further steps are required in the legislative process,... 

African Rainbow Minerals ups earnings, declares dividend

By: Martin Creamer     16th March 2018 Diversified black-led mining company African Rainbow Minerals (ARM) on Friday announced a 15% increase in headline earnings for the six months to December 31 to R1 945 million. This increase was mainly as a result of improved headline earnings from the manganese division, ARM Coal, Modikwa... 

New platform to help resolve cross border mining services constraints 

By: Tracy Hancock     16th March 2018 There are two major challenges facing the supply of cross-border mining services in Africa – a lack of resources, such as skills and investment, and poor or nonexistent infrastructure – hindering the enormous growth in mining activity across Africa, says Cross-Border Mining Services Indaba... 

New platform to help resolve cross border mining services constraints
Cross-Border Mining Services Indaba conference manager Ros Hinchcliffe discusses the value of the inaugural event. Camerawork and Editing: Nicholas Boyd.

Rare earths company acquires critical metals portfolio in Namibia

16th March 2018 Heavy rare earth elements project developer Namibia Rare Earths (NRE) has completed the acquisition of a portfolio of critical metal properties from private firm Gecko Namibia, which will see NRE obtain a controlling interest in a portfolio of seven metals properties, thereby expanding its focus... 

Rare earths company  acquires critical metals portfolio in Namibia
RARE MINERALS Namibia Rare Earths has started exploring several mineral deposits across the country

Angolan railway and port restarts exporting minerals after 30 years of disruption

By: Rebecca Campbell     16th March 2018 The export of minerals from the interior of south central Africa through the port of Lobito in Angola, by means of the Benguela Railway (Caminho de Ferro de Benguela – CFB) restarted during the first week of this month. This marked the resumption of a service that was disrupted more than 30 years... 

South Africa discount no longer warranted, say analysts

By: Martin Creamer     15th March 2018 The so-called 'South Africa discount' that has dogged and diminished the share prices of mining companies operating in South Africa for decades, has been declared "unwarranted" by Goldman Sachs Europe Metals & Mining Equity Research analysts, against the backdrop of the winds of political change... 

South Africa discount no longer warranted, say analysts
Photo by Goldman Sachs
Share prices of Glencore and Anglo at 2013 levels, despite higher earnings, lower debt

Georgian agrees terms for Kvemo Bolnisi development

By: Creamer Media Reporter      15th March 2018 London-listed Georgian Mining and its joint venture (JV) partner Caucasian Mining have agreed on terms for the development of the Kvemo Bolnisi (KB) copper/gold project, in the Tehtyan Belt in Georgia. The parties have settled on funding the JV company, Georgian Copper and Gold (GCG), on a 50:50... 

Chile's Escondida invites union to early labor talks

By: Reuters     15th March 2018 BHP's Escondida copper mine in Chile, the world's largest, said on Wednesday that it has invited its powerful workers' union to start early talks on a new collective labor contract. Last year, a more than month-long strike at Escondida ended with workers opting to extend their previous contract... 

Polish copper miner KGHM misses forecasts with Q4 net loss

By: Reuters     15th March 2018 Poland's KGHM, one of the world's biggest copper producers, reported a fourth-quarter consolidated net loss of 87-million zlotys on Wednesday compared to an almost five-billion zlotys impairment-driven loss a year ago. The loss came despite a rise in copper prices and contrasted with an average... 

Paradigm shift required to position mining industry for long-term success

By: Henry Lazenby     15th March 2018 The long-term mindset of the mining industry will have to change to position itself for long-term success, set against an ever-changing landscape, says BHP Billiton's head for Minerals America, Daniel Malchuck. He told an audience during the keynote session of the recent Prospectors and... 

Paradigm shift required to position mining industry for long-term success
Photo by BHP Billiton
Escondida, Chile

China's enviro policies, EV growth two megatrends to boost most commodities

By: Henry Lazenby     13th March 2018 Chinese actions in recent years to embrace temporary production cuts and enforce stricter environmental regulations are probably here to stay for the long term and have already disrupted a range of commodities, including coal, aluminium, lithium and cobalt production chains. Commodity research... 

China's enviro policies, EV growth two megatrends to boost most commodities
Photo by Bloomberg
Cobalt metal nuggets

As copper booms, miners take hunt to Mongolian dunes

By: Reuters     13th March 2018 When temperatures rise and winds drop in the coming weeks, a band of explorers will hunt for copper riches in Mongolia's Gobi Desert. For years Rio Tinto has been the sole international copper mine operator in Mongolia, bound closely to a country where it has bet billions of dollars on the giant... 

As copper booms, miners take hunt to Mongolian dunes
Photo by Rio Tinto
Ancient petroglyphs from Javkhlant rock, near the Oyu Tolgoi project area in Mongolia.
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