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Copper News

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... 

Cobalt explorers see Congo mine law offset by price, high grades

By: Bloomberg     21st June 2018 Junior miners exploring for cobalt in the Democratic Republic of Congo (DRC) reckon increased prices and the country’s high-grade deposits will offset the added costs of new legislation larger companies have opposed. Congo, the world’s largest source of the metal, this month began implementing an... 

Lungu refuses to fire Minister following Zambian mining tragedy

By: African News Agency      21st June 2018 Zambian President and leader of the ruling Patriotic Front (PF) party Edgar Lungu, has turned a deaf ear to calls for the Minister of Mines Richard Musukwa to be fired following Wednesday’s mining tragedy when at least ten miners were buried alive after the collapse of a mine dump in Zambia's... 

Zambia aiming for power prices that reflect costs by end 2018

By: Reuters     21st June 2018 Zambia plans to introduce electricity tariffs that reflect the cost of production by the end of this year, a senior government official said on Thursday, a move that could increase costs for economically vital mining firms that currently pay a flat price. In 2015 and 2016, Zambia experienced a... 

Erris starts brownfield exploration near historic Ireland mine

By: Mariaan Webb     21st June 2018 Mineral exploration company Erris Resources has started a surface diamond drilling programme 300 m south of the old Abbeytown zinc mine in Sligo, Ireland. The surface drilling will test for potential extensions of zinc/lead/silver/copper mineralisation extending south from the old workings at... 

Herencia chairperson steps down

By: Creamer Media Reporter      20th June 2018 Chilean explorer and developer Herencia Resources on Wednesday announced the resignation of its chairperson Peter Reeve with immediate effect. The Aim-listed company, which owns the Pichachos, Guamanga and La Serena projects in Chile, said that new nonexecutive director Carl Dumbrell would be... 

Copperbelt Energy of Zambia eyes $250m power investment

By: Bloomberg     20th June 2018 Copperbelt Energy Corp, the Zambian electricity supplier with customers including Glencore’s copper mines, may invest as much as $250-million in solar projects and transmission lines in the neighboUring Democratic Republic of Congo (DRC), CEO Owen Silavwe has said. The amount includes two solar... 

Nevada Copper reports solid progress at Pumpkin Hollow

By: Creamer Media Reporter      20th June 2018 Early construction works continue to ramp up at the Pumpkin Hollow underground project, while an optimisation study for the openpit is progressing and expected to be released in the coming months. In an operations update on Tuesday, TSX-listed Nevada Copper reported that work was continuing on... 

Emission abatement technology could drive industrialisation – EPCM Global

By: Nadine James     20th June 2018 South African firm EPCM Global Engineering has partnered with Luxembourg-based Carbon Process & Plant Engineering (CPPE) to bring its emissions abatement technology to Africa, in a move that could spur industrialisation, says EPCM Global CEO Tumi Kgomo. He explains that the technology, which was... 

BHP to sell Chile copper mine to EMR Capital

By: Mariaan Webb     19th June 2018 Global mining major BHP has agreed to sell its Cerro Colorado copper mine, in Chile, to private equity manager EMR Capital, the Melbourne-headquartered company announced on Tuesday. The transaction consists of a cash consideration of $230-million and about $40-million in proceeds from the... 

BHP to sell Chile copper mine to EMR Capital

BHP to sell Chilean copper mine to private equity fund EMR Capital - sources

By: Reuters     19th June 2018 BHP has agreed to sell Cerro Colorado copper mine to private equity fund EMR Capital, two sources close to the deal said on Tuesday. The world's biggest listed miner had hired Citi early in 2017 to sell the asset, which was then valued at around $800-million, although one of the sources said the... 

China marks cobalt, copper ascendancy in Congo with new group

By: Bloomberg     19th June 2018 More than 30 Chinese companies active in the Democratic Republic of Congo formed a business association backed by both countries’ governments, further cementing China’s ascendancy in copper and cobalt production in the central African nation. The 35-member Union of Mining Companies with Chinese... 

Canadian project generator seeks to expand base metal/gold holdings

By: Creamer Media Reporter      18th June 2018 Mineral exploration project generator Rainy Mountain Royalty, which acquires early stage exploration projects and deliver them drill target ready to joint venture (JV) partners, is considering opportunities outside Canada, the TSX-V-listed company has revealed. In a news release issued on... 

GoldMining graduates to TSX

By: Creamer Media Reporter      18th June 2018 Gold-focused minerals explorer GoldMining is expected to delist from the TSX-V on Tuesday, when its shares will start trading on the TSX. Commenting on the company's graduation to the TSX, GoldMining chairperson Amir Adnani said that the new listing would elevate the visibility of the company,... 

PEA completed for South America’s ‘most advanced’ PGM project

By: Creamer Media Reporter      18th June 2018 A preliminary economic assessment (PEA) for the Pedra Branca platinum group metal (PGM) project, in north-eastern Brazil, has confirmed the economic potential of the project, which Aim-listed Jangada Mines says is South America’s largest and most advanced PGMs play. The PEA has assigned a net... 

Arc buys a further 6% stake in Zamsort

By: Creamer Media Reporter      18th June 2018 Aim-listed Arc Minerals has acquired a further 6% interest in Zamsort, which is developing a copper/cobalt project in Zambia, from two separate shareholders. It now holds a 61% interest in Zamsort. 

New copper reserves established in India

By: Ajoy K Das     18th June 2018 The Geological Survey of India (GSI) has established indicative reserves of copper in central Indian province of Chhattisgarh. The discovered copper reserves, spread across an estimated 25 km2, will be taken up for detailed exploration by Chhattisgarh Copper Limited (CCL) the recently floated... 

Finders reports wall failure at Wetar

By: Esmarie Swanepoel     18th June 2018 Copper miner Finders Resources has reported a wall failure at its Kali Kuning openpit mine, at the Wetar copper project, in Indonesia. The company on Monday said that 175 000 bank cubic meters of waste rock from the north-eastern high wall were displaced into the pit on June 14, with mining... 

Glencore’s DRC settlements should allay fears about asset seizure – analyst

By: Chanel de Bruyn     15th June 2018 Diversified miner Glencore’s settlement, this week, of various disputes with entities in the Democratic Republic of Congo (DRC), should allay investor concerns about the risk of a seizure of its DRC assets, says Goldman Sachs. Glencore, led by CEO Ivan Glasenberg, on Friday announced that it had... 

Glencore’s DRC settlements should allay fears about asset seizure – analyst
Photo by Bloomberg
Glencore CEO Ivan Glasenberg

Gecamines says Glencore deal to yield billions for Congo State

By: Bloomberg     15th June 2018 A settlement between a Glencore unit and Democratic Republic of Congo’s State-owned Gecamines will contribute-billions of dollars of revenue to the government over the next decade, an official said. Glencore reached a deal with Gecamines on Tuesday to end a legal dispute over Kamoto Copper, which... 

Glencore says settled Congo mining dispute

By: Reuters     15th June 2018 Miner and commodities trader Glencore has settled its Congo mining dispute with two companies associated with Israeli billionaire Dan Gertler by agreeing to pay royalties in a currency other than US dollars, Glencore said on Friday. US sanctions on Gertler, Glencore's former Israeli partner in... 

Glencore says settled Congo mining dispute
Glencore subsidiary Katanga Mining's operations in the DRC.

Nevsun extends Bisha mine life to 2022

By: Creamer Media Reporter      14th June 2018 TSX-listed Nevsun has approved an openpit extension of the Bisha mine in Eritrea, which will add 3.3-million tonnes of ore to the mill, delivering about 470-million pounds of zinc and 52-million pounds of copper. The extension will allow operations to continue to 2022 and gives Nevsun time to... 

Fortune may defer Saskatchewan metals processing plant

By: Mariaan Webb     14th June 2018 Project developer Fortune Minerals may defer its planned metals processing plant near Saskatoon, Saskatchewan, and may opt to sell concentrates from the flagship Nico mine directly to third parties, the company said on Thursday. The London, Ontario-based company has approval for a $200-million... 

Gecamines plans to renegotiate with foreign partners

By: Reuters     14th June 2018 Democratic Republic of Congo State miner Gecamines has called on its foreign partners to renegotiate the terms of joint ventures it considers to be unfair, its chairman said on Thursday. Heavily in debt and with dwindling output, Gecamines has long complained about its joint venture terms. It... 

Gecamines plans to renegotiate with foreign partners

Mitsubishi pays $600m to up stake in Anglo American’s Peru copper project

By: Mariaan Webb     14th June 2018 Diversified miner Anglo American has agreed to sell another 21.9% equity interest in its Quellaveco copper project, Peru, to Mitsubishi, increasing the Japanese group’s interest in the project to 40%. Mitsubishi will pay $600-million for the additional interest in Quellaveco, implying a... 

Mitsubishi pays $600m to up stake in Anglo American’s Peru copper project
Anglo American CEO Mark Cutifani

Copper veteran has unfinished business at biggest openpit

By: Bloomberg     13th June 2018 Nelson Pizarro wants to remain at the helm of the world’s biggest copper company until he can cut the ribbon on a project to convert its flagship pit into a giant underground mine. He’s been in mining for most of his 77 years, with the last four spent guiding state-owned Codelco through a... 

Copper veteran has unfinished business at biggest openpit
Nelson Pizarro

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