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Copper News

White House highlights manganese as potential preferred battery element contender 

By: Martin Creamer     14th June 2021 The White House document on revitalising American manufacturing and fostering broad-based economic growth pays particular attention to South Africa as the world’s largest supplier of manganese, and to manganese as a potential preferred battery element contender, Mining Weekly can today report.... 

Deep-South announces results from drilling programme at Haib

By: Tasneem Bulbulia     11th June 2021 TSX-listed Deep-South Resources has recorded the second batch of assay results from its current drilling programme at the Haib copper project in southern Namibia. Significant copper and molybdenum intersections include 0.46% copper-equivalent grade over 156 m, including 24 m at 0.65% copper... 

Aeris completes A$50m capital raise

By: Esmarie Iannucci     11th June 2021 Copper/gold producer Aeris Resources has completed a A$50.4-million capital raise to accelerate exploration at the Tritton copper project and the Cracow gold mine, in New South Wales and Queensland respectively. Some 287.9-million new shares will now be issued at a price of 17.5c each in an... 

Macarthur ponders Pilbara spin-out

By: Esmarie Iannucci     11th June 2021 ASX- and TSX-V listed Macarthur Minerals on Friday announced plans to spin-out Pilbara iron-ore assets into a separately listed vehicle Infinity Mining. Infinity, which was previously a wholly owned subsidiary of Macarthur known as Macarthur Australia, holds the company’s Pilbara... 

Early Tesla investor backs firm that tracks metals supply chain

By: Bloomberg     11th June 2021 An early Tesla investor is backing a startup that helps track battery metals across the supply chain to ensure they hold up to environmental and ethical scrutiny. The Westly Group, which led a funding round with five other venture capital firms, invested $14-million in Circulor, according to a... 

Early Tesla investor backs firm that tracks metals supply chain

Allow geologists from surrounding African countries to boost SA's exploration rebirth, top explorer advises  

By: Martin Creamer     11th June 2021 Exploration geologists from surrounding countries should be allowed into South Africa to boost exploration. That is the view of Exploration Geology Consultants exploration manager Thinus Jordaan, who believes that South Africa’s planned exploration thrust should focus on commodities required in... 

Allow geologists from surrounding African countries to boost SA's exploration rebirth, top explorer advises
Exploration manager Thinus Jordaan interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Mining output performs well, but off a low base

By: Marleny Arnoldi     10th June 2021 Mining output has increased by 116.5% year-on-year in April, after having increased by 22.5% year-on-year in March. The largest contributors were platinum group metals, growing by 276%; gold, growing by 177%; manganese ore, growing by 208%; and iron-ore, growing by 149%. 

Ero Copper to list on NYSE

By: Creamer Media Reporter      10th June 2021 Vancouver-headquartered Ero Copper has received approval from the NYSE for a US listing of common shares. Trading will start on June 15, the company said in a statement on Thursday, adding that its shares will continue to trade on the TSX. “We believe this US listing is an important milestone... 

‘Overwhelming’ support for Beament-led VentureX recap

By: Mariaan Webb     10th June 2021 Shareholders in ASX-listed VentureX Resources have given their “overwhelming” backing for a Bill Beament-led strategic funding package, designed to reposition the company to be come a supplier of new-generation energy and technology metals. The approval at an extraordinary general meeting (EGM)... 

‘Overwhelming’ support for Beament-led VentureX recap
VentureX incoming executive director Bill Beament

Kamoa Copper signs offtake agreements

By: Marleny Arnoldi     9th June 2021 TSX-listed Ivanhoe Mines has announced that its operating company in the Democratic Republic of Congo, Kamoa Copper, has signed offtake agreements with Citic Metal and Gold Mountains International Mining Company for copper concentrate and blister copper. Gold Mountains is a subsidiary of Zijin... 

IMF calls for ‘speedy, transparent’ resolution of Kumtor dispute

By: Mariaan Webb     9th June 2021 The International Monetary Fund (IMF) has called for a “speedy and transparent” resolution of the ongoing dispute over the Kumtor gold mine, in Kyrgyzstan, noting that stable gold production is key to the Central Asian nation’s economic growth forecasts of 3.8% in 2021 and 6.4% in 2022.... 

IMF calls for ‘speedy, transparent’ resolution of Kumtor dispute

Student research helps improve biodiversity at Rio’s Bingham mine

By: Marleny Arnoldi     9th June 2021 A partnership between Rio Tinto Kennecott and the Brigham Young University (BYU) has started bearing fruit for improved reclamation at the Bingham Canyon mine, in Utah, in the US. The mine is one of the largest man-made openpit excavations in the world, having produced more than 20-million tons... 

BHP Spence copper mine workers in Chile to extend talks for two days - union

By: Reuters     9th June 2021 Workers at BHP Group's Spence copper mine in Chile said on Wednesday they would extend negotiations with the company for a few more days to try to reach agreement on a new contract and avoid a strike at the operation, the union told Reuters. The union representing 1 100 workers at the mine in... 

Politics set to keep a lid on investments in Peru

By: Bloomberg     9th June 2021 There are signs that Peru’s likely next president will be less of an enemy to mining than first feared. But until the policy environment becomes clearer, don’t expect the No. 2 copper supplier to see major new investments. With more than 95% of ballots counted, left-winger Pedro Castillo has a... 

Sandfire awards $496m contract at Botswana copper mine

By: Esmarie Iannucci     9th June 2021 Copper miner Sandfire Resources has awarded an openpit mining contract for the T3 pit at its Motheo copper project, in Botswana, to African Mining Services (AMS), the surface mining business of mining services group Perenti Global. The contract has an estimated value of $496-million, and is the... 

World needs Congo copper to kick fossil fuels, billionaire says 

By: Bloomberg     8th June 2021 An African nation emerging from decades of conflict and corruption holds the key to greening the global economy. That’s the view of mining magnate Robert Friedland, whose Kamoa-Kakula venture just started producing copper in the Democratic Republic of the Congo. After scouring 59 countries over... 

World needs Congo copper to kick fossil fuels, billionaire says
Photo by Creamer Media
Ivanhoe co-chairperson Robert Friedland

US must work with allies to secure electric vehicle metals - White House

By: Reuters     8th June 2021 The United States must work with allies to secure the minerals needed for electric vehicle batteries and process them domestically in light of environmental and other competing interests, the White House said on Tuesday. The strategy, first reported by Reuters in late May, will include new... 

US must work with allies to secure electric vehicle metals - White House

Mining firms with higher ESG ratings outperform market – PwC  

By: Martin Creamer     8th June 2021 Mining companies with higher environmental, social and governance (ESG) ratings outperformed the broader market during the peak of the Covid-19 crisis, delivering 34% average total shareholder return over the past three years — ten percentage points higher than the general market index,  PwC... 

Mining firms with higher ESG ratings outperform market – PwC
PwC Mine 2021 Report covered by Mining Weekly’s Martin Creamer. Video: Nicholas Boyd

Top copper nation calls for debate on how to best tap the boom

By: Bloomberg     8th June 2021 Chile's government is calling for a broad discussion on what the top copper-producing nation wants to get out of mining, rather than rushing in to vote on a proposed new tax system. In its current form, a royalty bill approved by the lower house last month would take company taxes well beyond... 

Top copper nation calls for debate on how to best tap the boom

Bryah has backing for $3.95m placement

By: Marleny Arnoldi     7th June 2021 Perth-based explorer Bryah Resources has received binding commitments totalling $3.95-million for a 52-million share placement the company plans to offer. The free attaching options the company will be offering, with an issue price of $0.075 apiece and exercise price of $0.09 apiece, will... 

Chilean union, BHP kick off labour talks at world's largest copper mine

By: Reuters     7th June 2021 The union of workers for BHP's sprawling Escondida mine said on Friday it had delivered an initial proposal for a new collective labor contract, marking the opening salvo in much-watched negotiations at the world's largest copper deposit. BHP confirmed receipt of the proposal in a brief... 

Global copper smelting extends recovery in May

By: Reuters     4th June 2021 Global copper smelting extended its rebound in May, touching fresh highs for the year as operations continued to take advantage of strong prices, data from satellite surveillance of copper plants showed. Activity in China was strong at first, but weakened through the month as smelters undertook... 

Ivanhoe reports fatal accident at Kamoa-Kakula mine in Congo

By: Reuters     4th June 2021 Ivanhoe Mines on Friday reported a fatal accident at its Kamoa-Kakula joint venture in Democratic Republic of Congo, which started producing copper concentrate last week. The accident occurred underground at the Kakula mine, Ivanhoe said in a statement, when a contractor's employee was hit in the... 

Botswana's Khoemacau copper mine aims to start production this month

By: Reuters     3rd June 2021 Botswana's new copper mine Khoemacau aims to start production at the end of this month with first sales expected in the third quarter of the year, its chief executive said on Wednesday. Situated in the Kalahari Copper Belt, which stretches from northeast Botswana to western Namibia, the Khoemacau... 

BHP to spend up to $93m under Chilean environmental court agreement

By: Reuters     3rd June 2021 Mining group BHP will spend up to $93-million in environmental repairs and reparations after a Chilean court brokered an agreement in a lawsuit from the state over water use and related damage to a sensitive salt flat in the north of the country. The lawsuit related to BHP's Escondida copper... 

BHP to spend up to $93m under Chilean environmental court agreement

Resource statement released to tempt new investment

By: Esmarie Iannucci     3rd June 2021 The federal government on Thursday released its first Global Resources Statement as part of its efforts to attract foreign investment and partnerships to develop Australia’s natural resources. The Global Resources Statement is the first milestone under the government’s Global Resources Strategy,... 

Resource statement released to tempt new investment

Ivanhoe focused on ramp up of Kamoa-Kakula concentrator

By: Marleny Arnoldi     2nd June 2021 TSX-listed Ivanhoe Mines reports that it is now progressing with the hot commissioning ramp-up of the concentrator at the Kamoa-Kakula mine, in the Democratic Republic of the Congo (DRC), to nameplate capacity of 3.8-million tonnes a year. This follows after the mine successfully started... 

Hot prices pervading commodities market, CRU tells Junior Indaba  

By: Martin Creamer     2nd June 2021 Price hotness is pervading the commodities market, CRU senior analyst Clare Hanna said on Tuesday, when she addressed the second and final day of the Junior Indaba. Speaking on ‘what’s hot and what’s not’, Hanna said almost all commodities were at the higher-than-15% level. (Also watch attached... 

Hot prices pervading commodities market, CRU tells Junior Indaba
CRU senior analyst Clare Hanna at Junior Indaba covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

SolGold and Cornerstone bury the Cascabel hatchet

By: Mariaan Webb     2nd June 2021 Copper/gold explorer and developer SolGold announced on Wednesday that it would cooperate with shareholder Cornerstone Capital Resources to advance the Cascabel project, in Ecuador. The announcement ends a two-year standoff and opens the way for the parties to explore strategic and financing... 

SolGold and Cornerstone bury the Cascabel hatchet

BHP says Chile's copper operations 'normal' despite strike

By: Reuters     2nd June 2021 BHP said operations at the world's largest copper mine Escondida and at the smaller Spence mine in Chile were normal on Tuesday despite a strike by a union representing remote workers. The 200-member union, which runs BHP's Integrated Operations Center in Santiago, walked off the job on Thursday... 

Rio Tinto reports landslip at part of US Bingham Canyon copper mine

By: Reuters     2nd June 2021 Global miner Rio Tinto said on Wednesday that an anticipated landslip occurred at the southeast corner of its US Bingham Canyon copper mine in Utah on May 31, causing no injuries to personnel but disrupting operations. Rio said the landslip had been expected based on geo-technical monitoring at... 

Rio Tinto reports landslip at part of US Bingham Canyon copper mine

Peru's Castillo has copper tax deals in his sights; Chinese firms at risk

By: Reuters     2nd June 2021 Peru's Presidential front-runner is taking aim at copper mining firms' coveted tax stability agreements that freeze tariffs, and the plan could have an outsized impact on Chinese miners in the world's No. 2 producer of the red metal. Socialist candidate Pedro Castillo, the narrow favorite to win... 

Resources Watch  

2nd June 2021 This week: Government-Minerals Council team established to promote exploration; concern over lack of JSE listings ahead of Junior Indaba; and, new green copper play in Northern Cape expects to be cash positive from month two. 

Resources Watch
Resources Watch

Australia poised to benefit from increased commodity demand - MCA

By: Esmarie Iannucci     2nd June 2021 A new report by the Minerals Council of Australia (MCA) has shown that Australia was poised to take advantage of the predicted increase in global demand for commodities. The MCA’s Commodity Demand Outlook 2030 has predicted that seaborne iron-ore demand would rise moderately, from 1.5-billion... 

Australia poised to benefit from increased commodity demand - MCA

Council for Geoscience goes live with digital geoscience data

By: Martin Creamer     1st June 2021 South Africa’s Council for Geoscience went live on Tuesday with making geoscience data digitally available. During a panel discussion on the first day of the Junior Indaba, Council for Geoscience CEO Mosa Mabuza invited all to go on to the council’s website to find this data, the bulk of which,... 

Council for Geoscience goes live with digital geoscience data
Photo by Creamer Media
From top clockwise, ENSafrica COO Otsile Matlou, Geoscience CEO Mosa Mabuza, Orion Minerals CEO Errol Smart, DMRE DG Advocate Thabo Mokoena and AmaranthCX director Paul Miller.

Tender for new modern cadastre system to be invited next week   

By: Martin Creamer     1st June 2021 A tender for a new modern cadastre system to provide exploration information will be invited by the end of next week, Department of Mineral Resources and Energy (DMRE) director-general Advocate Thabo Mokoena said on Tuesday. In his opening keynote address on initiatives to ignite the exploration... 

Tender for new modern cadastre system to be invited next week
Junior Indaba covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

First shipment from new Serrote mine targeted for Nov

By: Creamer Media Reporter      1st June 2021 Construction of the Serrote mine and processing plant, a greenfield copper/gold project in Brazil, has been concluded – under budget and on time, despite the challenges of the Covid-19 pandemic, Mineração Vale Verde (MVV) and Appian Capital Advisory reported on Tuesday. The focus is now on the... 

First shipment from new Serrote mine targeted for Nov

Strike continues at BHP copper mines in Chile

By: Reuters     1st June 2021 A strike by workers for BHP's Escondida and Spence copper mines in Chile entered its fifth day on Monday, as the union awaited a decision by labor authorities over whether substitute workers the company called in are legal, a union leader told Reuters. The 200-member union, which runs BHP's... 

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