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Copper News

In its third year, North American Nickel’s Maniitsoq drill campaign casts a wider net

By: Henry Lazenby     30th August 2017 Drilling productivity at base metals explorer North American Nickel's (NAN's) Maniitsoq project, in south-west Greenland, has been lower than expected, prompting the company to add another drill rig and extend the drilling programme by two weeks to late September, to achieve as many metres as... 

Vedanta appoints interim CEO

By: Creamer Media Reporter      30th August 2017 Diversified miner Vedanta Resources has appointed Kuldip Kaura interim CEO, effective September 1. Current CEO Tom Albanese will step down on August 31. 

Vast aiming to start operations at Romania’s Baita Plai before year-end

By: Mariaan Webb     30th August 2017 Aim-listed miner Vast Resources is aiming to start operations at the Baita Plai polymetallic mine, in Romania, before the end of 2017, the company said on Wednesday, announcing that it had been selected for a mining right. The holder of the head licence, Baita, has chosen Vast subsidiary African... 

Vast aiming to start operations at Romania’s Baita Plai before year-end
The tailings dam at the Baita Plai mine.

Higher copper prices drive Sandfire profit

By: Esmarie Swanepoel     30th August 2017 Copper miner Sandfire Resources has seen its net profit after tax increase from A$48-million to A$77.5-million in the 2017 financial year, on the back of higher copper prices and lower costs. The company said that the increased copper price, lower costs and consistent operational performance... 

Advancing technology signals imminent opening of undersea mineral treasure chest

By: Henry Lazenby     29th August 2017 In a new era of ever-advancing technology and increased legal certainty, ocean floor mining is set to take off in the next decade as several juniors jostle to be first to exploit the wealth hidden on the deep ocean floor. DeepGreen Resources chief development officer Anthony O’Sullivan believes... 

Advancing technology signals imminent opening of undersea mineral treasure chest

McEwen, Primero formalise Black Fox acquisition accord

By: Henry Lazenby     29th August 2017 Gold producer McEwen Mining has signed a binding definitive agreement with Primero Mining to buy the Black Fox Complex, in the historic Timmins mining camp of Ontario, for $35-million, the company announced on Tuesday. In combination with McEwen’s earlier $54-million acquisition of Lexam VG Gold,... 

Freeport stock slides on Indonesian Grasberg copper/gold mine divestment plan

By: Henry Lazenby     29th August 2017 The world’s largest publicly traded copper miner Freeport-McMoRan (FCX) has agreed, in principle, to divest its flagship asset, giving Indonesia a 51% stake of the massive Grasberg copper/gold mine. The Phoenix, Arizona-based miner's announcement sent the company’s NYSE-listed stock falling... 

Freeport stock slides on Indonesian Grasberg copper/gold mine divestment plan

India’s HCL seeking local contractors for MDOs

By: Ajoy K Das     29th August 2017 India’s sole integrated copper producer, Hindustan Copper Limited (HCL), has decided against engaging foreign contractors as mine developer operators (MDOs) for any of its future mining projects in the country. In the wake of a face-off with Perth-headquartered India Resource Limited (IRL), the... 

Amarc options 60% stake in Joy copper/gold project to Hudbay

By: Henry Lazenby     26th August 2017 Vancouver-based exploration junior Amarc Resources has agreed to option its Joy copper/gold project to Toronto-based Hudbay Minerals, the company announced last week. The deal is structured like one Hudbay entered into with Amarc on the Ike copper/molybdenum property last month. 

Mining restarts at Nifty

By: Esmarie Swanepoel     25th August 2017 Mining operations at the Nifty copper mine, in Western Australia, have been resumed, ASX-listed Metals X said on Friday. The company last week temporarily suspended operations to undertake remedial repairs to the secondary escape-way of the underground mine. 

Feasibility update on Fortune’s Nico project delayed by laboratory congestion

By: Henry Lazenby     25th August 2017 Investors will have to wait a little longer to review an update of the 2014 feasibility study on project developer Fortune Minerals’ Nico cobalt/gold/bismuth/copper project, in Canada’s Northwest Territories. The London, Ontario-based explorer said on Thursday that the feasibility study update by... 

Feasibility update on Fortune’s Nico project delayed by laboratory congestion
Photo by Fortune Mining
Fortune Minerals' Nico project is a primary cobalt project with about 60% of projected revenues from cobalt at current commodity prices

‘Key milestone’ for Platreef project

     25th August 2017 The completion of the definitive feasibility study (DFS) for the first phase of production at platinum group metals (PGMs) miner Ivanhoe Mines’ Platreef project, on the northern limb of South Africa’s Bushveld Igneous Complex, is another key milestone in Ivanhoe’s planned transformation of the... 

‘Key milestone’ for Platreef project
GREAT EXPECTATIONS Platreef is expected to produce a suite of vital metals, of which many are essential to sustain the urbanising planet

Corporate and govt cooperation needed to drive energy stability

By: Robyn Wilkinson     25th August 2017 There needs to be ongoing open dialogue between the corporate sector and government to ensure that energy supplies for mining projects are secured and stabilised timeously to take advantage of valuable economic opportunities in Africa, says Johannesburg-based consultancy Core Consultants founder... 

Corporate and govt cooperation needed to drive energy stability
LARA SMITH Governments’ lead times for approving new power plants in African countries are often too long, resulting in a failure to realise the full potential of valuable mining projects

Improve efficiencies before adopting new energy solutions

By: Robyn Wilkinson     25th August 2017 For many mines, there is still significant work to be done in terms of improving operating energy efficiencies, and a sound understanding of the benefits of digitalisation could be the key to unlocking considerable value in this endeavour, says professional services firm EY South Africa advisory... 

Improve efficiencies before  adopting new energy solutions
Photo by Bloomberg
STRATEGIC INVESTMENTS With a thorough understanding of its daily energy requirements, a mine can achieve clarity on where an injection of renewable energy can provide maximum benefit

Modular, mobile dry-type transformers ideal for Africa

By: Robyn Wilkinson     25th August 2017 As mining projects move into ever more remote locations in Africa, modular and mobile energy solutions – such as dry-type transformers – are gaining popularity, says transformer supplier Trafo Power Solutions MD David Claassen. 

Modular, mobile  dry-type transformers ideal for Africa
SAFER OPTION Dry-type transformers are completely flame-retardant and emissions free, using resin and vacuum-pressure impregnation to insulate windings and air as a cooling agent

Rental generators bridging solution for African mines

By: Robyn Wilkinson     25th August 2017 Energy solutions provider Aksa Power Generation expects a high demand in Africa, especially sub-Saharan Africa, for its new range of generators, as the mining industry begins to show signs of recovery and companies look to expand their operations in remote areas. 

Rental generators bridging solution for African mines
READY TO GO Aksa’s new generator rental fleet is well stocked and designed to operate in harsh conditions, providing the ideal interim power solution for mines expanding in Africa

Tax benefits for demonstrated energy savings at mines

     25th August 2017 Fuel solutions provider Masana Petroleum Solutions strongly urges companies to take advantage of the Section 12L Energy Tax Incentive, under South Africa’s Income Tax Act, before it is too late, as this opportunity is limited until 2020. 

Tax benefits for demonstrated energy savings at mines
FUEL FOCUS Masana offers mines high-performance products and fuel management systems for improved haul road efficiencies and reduced heavy equipment maintenance

Appointments follow acquisition of only US PGMs miner

     25th August 2017 Independent mining group Sibanye has appointed three executives following its acquisition of the only platinum group metals (PGMs) miner in the US, Stillwater Mining, in May, when its organisational structure subsequently repositioned from a divisional commodity structure to a geographical... 

Appointments follow acquisition of only US PGMs miner
POSITIVE PLAY Sibanye boasts a substantial South African platinum group metals portfolio and, with Stillwater enhancing this, is positioned to play a leading role in the international industry

Commodity price improvement drives Glencore’s earnings

By: Ilan Solomons     25th August 2017 Diversified mining and marketing company Glencore said “extensive efforts” to reposition its balance sheet and propel the company’s industrial asset portfolio improvements over the last two years were reflected in its strong interim financial performance. The group last week published its... 

Commodity price improvement drives Glencore’s earnings
Photo by Duane Daws
ALL SMILES Glencore CEO Ivan Glasenberg says the first half of this year had the ‘best growth momentum’ in the global economy in recent years

Incremental improvements now leading to energy efficiency  

By: Robyn Wilkinson     25th August 2017 Having reached an advanced stage, power generation technology development has slowed worldwide, with companies instead intensifying their focus on the cumulative energy savings that can be realised through intensive equipment modifications and the disciplined application of existing technologies,... 

Incremental improvements now leading to energy efficiency
Zest WEG Group integrated sales executive Johan van Niekerk discusses the group’s energy efficiency technologies. Video and Editing: Lionel da Silva

Auroch to start Czech drilling campaign in mid-Sept

By: Mariaan Webb     24th August 2017 Australian explorer Auroch Minerals is ready to proceed to drilling at its Tisová project, in the Czech Republic, and aims to get its drilling campaign under way in mid-September. The company has government approval for an initial 12 holes for 5 500 m of drilling at Tisová. 

Oz Minerals approves $916m S Australia mine

By: Esmarie Swanepoel     24th August 2017 Copper/gold miner Oz Minerals has approved the development of the $916-million Carrapateena mine, in South Australia. “The board’s decision represents the next stage in the company’s development. This is an exciting time for Oz Minerals,” said chairperson Rebecca McGrath, adding that the project... 

Mod rethinks T3 plans

By: Esmarie Swanepoel     24th August 2017 ASX-listed junior Mod Resources was ‘rethinking’ its plans for the T3 copper project, in Botswana, following a resource upgrade. The company on Thursday reported a 16% increase in the contained copper at the T3 project, which was now estimated to host a total mineral resource of 36-million... 

Energy Fuels lifts Canyon Mine uranium resource, adds copper

By: Henry Lazenby     24th August 2017 A new independent mineral resource estimate for uranium junior Energy Fuels’ Canyon Mine project, in Arizona, has increased the uranium resource by one-million pounds, and for the first time outlined a copper resource. The TSX-V- and NYSE MKT-listed miner announced on Wednesday that the bulk of... 

Higher prices, output lift Vedanta’s Q1 revenue, Ebitda

By: Anine Kilian     23rd August 2017 Higher commodity prices and production volumes contributed to a significant year-on-year increase in diversified miner Vedanta Resources’ revenue and earnings before interest, taxes, depreciation and amortisation (Ebitda) for the quarter ended June 30. Revenues rose by 32% year-on-year to... 

Higher prices, output lift Vedanta’s Q1 revenue, Ebitda
Vedanta CEO Tom Albanese

Qld zinc mine ‘well timed’, production brought forward – MMG

By: Esmarie Swanepoel     23rd August 2017 First production from the $1.4-billion Dugald River zinc project, in Queensland, has been brought forward from the first half of 2018 to late 2017, as the project development advances ahead of schedule. ASX-listed MMG CEO Jerry Jiao on Wednesday said that with production of about 170 000 t/y of... 

Qld zinc mine ‘well timed’, production brought forward – MMG

India’s HCL to invest in greenfield copper cathode plant

By: Ajoy K Das     23rd August 2017 India’s sole integrated copper producer, Hindustan Copper Limited (HCL), will invest $472-million in a new greenfield copper cathode plant, in the central Indian province of Chhattisgarh. The investment proposal has been submitted to the Mines Ministry and the Cabinet Committee for Economic... 

Antofagasta hikes dividend as copper prices surge; pushes share price to new heights

By: Henry Lazenby     23rd August 2017 Bolstered by booming copper prices, Chile-focused miner Antofagasta has moved to triple its dividend on Tuesday, boosting its London-listed shares to a fresh 52-week and four-year high. Antofagasta has raised its interim dividend to $0.103 a share, from $0.031 in the same period a year earlier. 

Ontario sets timeframe for road construction into Ring of Fire mining camp

By: Henry Lazenby     23rd August 2017 Following years of complex negotiations and several delays, the Ontario provincial government on Monday made the historic announcement that it would support and fund road proposals that will connect Northern Ontario’s far-flung First Nation communities and provide industrial road access to the... 

Ontario sets timeframe for road construction into Ring of Fire mining camp
The Ring of Fire’s rich ores are estimated to hold some C$60-billion worth of nickel/copper/platinum group metals mineral wealth

ARM FY headline earnings to increase; company sets R330m aside for silicosis claims

By: Creamer Media Reporter      21st August 2017 Diversified miner African Rainbow Minerals (ARM) expects its headline earnings a share for the 2017 financial year to be between R16.25 and R17.02, 229% to 245% higher than the headline earnings a share of R4.94 achieved in the 2016 financial year. The JSE-listed company noted in a trading... 

WorleyParsons developing black enterprises 

By: Martin Creamer     21st August 2017 Project delivery and engineering consultancy WorleyParsons RSA is answering South Africa’s call for broader economic participation and transformation. The local company, which is part of the Australian Securities Exchange-listed WorleyParsons engineering group that serves the resources and energy... 

WorleyParsons developing black enterprises
WorleyParsons RSA CEO Denver Dreyer interviewed by Mining Weekly’s Martin Creamer. Photographs: Duane Daws. Video: Darlene Creamer

Garibaldi ramps up exploration effort at Nickel Mountain

By: Henry Lazenby     19th August 2017 TSX-V-listed Garibaldi Resources is stepping up its exploration efforts at its flagship Nickel Mountain base metals project, in north-west British Columbia's prolific Eskay Camp. The Vancouver-based company advised on Friday that crews, including Full Force Drilling based in Peachland, British... 

World copper mine output falls 3% in first five months of 2017

By: Henry Lazenby     19th August 2017 Global copper mine output was 3% lower year-on-year during the first five months of 2017, according to the latest data from the International Copper Study Group (ICSG). Concentrate production declined by around 2.5% and solvent extraction-electrowinning (SX-EW) declined by around 4.5%. 

World copper mine output falls 3% in first five months of 2017

Freeport-McMoRan redeems five series of senior notes

By: Henry Lazenby     18th August 2017 The world’s largest publicly traded copper producer Freeport-McMoRan (FCX) has redeemed five series of senior notes with a total value of $543-million. The Phoenix, Arizona-headquartered company advised that it had issued notices to redeem on September 18, with two series of FCX senior notes and... 

Progress at Botswana copper project

     18th August 2017 Investor in strategic natural resource opportunities Metal Tiger has received all sample assays from previous infill /extensional drilling at its T3 copper/silver project, in Botswana, and is making good progress with its prefeasibility study (PFS) which is on track for completion in the fourth... 

Progress at Botswana copper project
Photo by Bloomberg
INVESTIGATION PENDING The market and smelter investigation for the T3 project has been put on hold until production and concentrate specification is available

South African zinc industry buoyed by ongoing developments

By: Tasneem Bulbulia     18th August 2017 The South African zinc industry may be under pressure, but there are numerous developments under way that are strengthening the sector, suggests International Zinc Association of South Africa (Izasa) regional director Rob White. He says the depressed state of the local zinc market is a result of... 

South African zinc  industry buoyed by  ongoing developments
ROB WHITE It will be interesting to see if eventually zinc metal is produced again in South Africa as the Gamsberg development matures

DRC mining code’s shortcomings limiting sector’s contribution to fiscus – senator

By: Ilan Solomons     18th August 2017 The mining industry and the production of copper and cobalt in particular is of vital importance to the economy of the Democratic Republic of Congo (DRC). However, political, social and legislative stability is critical to ensuring the growth and sustainability of the sector, says DRC Senator... 

DRC mining code’s shortcomings  limiting sector’s contribution to fiscus – senator
Photo by Council on Foreign Relations
WORRYING TIMES Substantial challenges exist for companies that want to do business in the DRC owing to security concerns and general concerns regarding corruption

Proximity detection system installation in final stages

By: Simone Liedtke     18th August 2017 Although proximity detection systems (PDS) are not a new concept, their roll-out in the South African mining industry is on the increase, with uptake escalating in light of legislation introduced by the Department of Mineral Resources (DMR) under the Mine Health and Safety Act (MHSA). A clause in... 

Proximity detection system installation in final stages
Photo by Monitech
INTELLIZONE PDS After a successful trial in 2015, the proxmity detection system was launched in South Africa in April last year
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