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Copper News
Rio Tinto changes tack, ready for talks over Bougainville mine
By: Reuters 28th September 2020 Rio Tinto said on Tuesday that it was ready to talk to stakeholders over allegations of human rights breaches at a giant copper mine in Bougainville that it formerly owned, after community members filed a complaint with the Australian government. "We are ready to enter into discussions with the... →
Anglo Asian operations not affected by Armenia-Azerbaijan fighting
By: Mariaan Webb 28th September 2020 London-listed Anglo Asian said on Monday that it was monitoring the situation in Azerbaijan, where a decades-long standoff over the Nagorno-Karabakh region has escalated with fierce fighting reported between Armenian and Azerbaijani forces. The gold, copper and silver producer said its office in... →
Friedland outlines potential of Australian battery materials project
By: Mariaan Webb 28th September 2020 Mining entrepreneur Robert Friedland said on Monday that dual-listed Clean TeQ would be patient with the development of the Sunrise battery material project, in New South Wales, and that it would seek to develop the project with partners that understood the value of a responsible supply chain.... →
Zambia chamber of mines says double taxation hurting investment
By: Reuters 28th September 2020 Zambia should treat mineral royalty payments as a deductible expense in order to avoid double taxation and attract investment, the Zambia Chamber of Mines said on Monday. Since 2019, mineral royalty payments have not been treated as a deductible expense when calculating corporate income tax and... →
Chapada suffers 'significant' damage to motors, guidance withdrawn
By: Mariaan Webb 28th September 2020 Canadian diversified miner Lundin Mining has withdrawn its 2020 guidance for the Chapada copper/gold mine, in Brazil, following a power outage that caused “significant” damage to the operation’s four SAG and ball mill motors. The operation suffered an outage on Saturday morning and when power... →
Zambia to remove import duty on copper ore
By: Mariaan Webb 25th September 2020 Zambia will remove import duty on copper ores and concentrates to encourage local processing, Finance Minister Bwalya Ng’andu said in a Budget speech delivered in Parliament on Friday. Africa's second largest copper producer saw its export earnings from the metal in the first half of the year... →
Atalaya to develop 50 MW solar plant at Riotinto
By: Mariaan Webb 25th September 2020 London-listed Atalaya Mining has started the permitting process to develop a 50 MW solar plant at its Proyecto Riotinto copper mine mine, in Spain. Technical studies have indicated that, in addition to making a significant contribution to reduce carbon emissions, the solar project is... →
Gibraltar wins top provincial reclamation award
By: Creamer Media Reporter 25th September 2020 The Gibraltar mine has taken home the Jake McDonald annual award for metal mine reclamation from the British Columbia Technical and Research Committee on Reclamation (TRCR). TRCR's BC mine reclamation awards, which recognises outstanding achievement in mine reclamation in British Columbia, was... →
Pebble Partnership CEO resigns after secret tapes released
By: Reuters 24th September 2020 The chief executive of Pebble Limited Partnership, the company trying to develop Alaska's Pebble Mine project, resigned on Wednesday after his comments on elected and regulatory officials in the U.S. state were covertly videotaped and released by an environmental activist group, its Canadian... →
Anglo Asian pushes ahead with growth plans; first-half delivers strong cash generation
By: Marleny Arnoldi 23rd September 2020 Aim-listed gold, copper and silver producer Anglo Asian Mining has declared an interim dividend of $0.04 apiece for the six months ended June 30, which is 29% higher year-on-year. The company says it will consider a special dividend in the first quarter of 2021 the back of ongoing strong cash... →
Green hydrogen study integrating SADC ahead of trillion dollar market emergence 
By: Martin Creamer 23rd September 2020 A German-funded project to develop a green hydrogen atlas across Southern Africa is integrating the Southern African Development Community (SADF) region ahead of the projected opening up of a trillion dollar market going into the future. Funded €5.7-million by the Germany Federal Ministry of... →
Glencore says Kamoto Copper Company ramping up to full production
By: Reuters 23rd September 2020 Glencore's head of Africa copper on Tuesday said its Democratic Republic of Congo subsidiary Kamoto Copper Company (KCC) is ramping up to full production and should produce 270 000 t of copper as cathode in 2020. KCC is also expected to produce 25 000 t of cobalt hydroxide, Glencore's Mark Davis... →
Gold a growing part of Hudbay’s production profile
By: Mariaan Webb 23rd September 2020 Precious metals will form an increasingly important part of copper miner Hudbay’s overall production and revenue profile, as the Toronto-based company advances plans to transform Lalor, in Manitoba, into a gold mine. “We have a burgeoning precious metals production profile that is driven by our... →
Glencore extends life of copper smelter and refinery
By: Esmarie Iannucci 23rd September 2020 Diversified major Glencore has announced plans to extend the life of its copper smelter in Mount Isa and its refinery in Townsville beyond 2022, after reaching a deal with the state government. As part of the Queensland government’s North Queensland Recovery Plan, Glencore will receive a one-off... →
Freeport aims for Copper Mark at six sites
By: Creamer Media Reporter 22nd September 2020 US copper major Freeport-McMoRan has announced its commitment to the Copper Mark - an assurance framework that demonstrates the industry’s responsible production practices and contribution to the United Nations Sustainable Development Goals. It is the first and only framework developed... →
Australian junior to earn into Quebec gold/copper project
By: Creamer Media Reporter 22nd September 2020 Australia-based junior Mont Royal Resources has entered into a joint venture option agreement with TSX-V-listed Azimuth Exploration to earn up to 70% of the Wapatik gold/copper project, in James Bay, Quebec. The Wapatik project consists of 220 claims totalling 115 km2 in continuous tenure. →
Ecuador referendums can only apply to future mining rights
By: Mariaan Webb 22nd September 2020 The Ecuador Constitutional Court on Monday ruled that referendums relating to mining activities would be allowed, but that they would only apply to future mining rights that were not yet granted and that they could not be retroactively applied to concessions granted prior to the referendum.... →
Ivanhoe accelerates Kamoa-Kakula expansion to 7.6Mt/y
By: Mariaan Webb 22nd September 2020 Toronto-listed Ivanhoe Mines is accelerating its Kamoa-Kakula expansion in the Democratic Republic of Congo to prepare for an expected surge in copper demand that will outstrip supply. The expansion of Kakula processing plant from 3.8-million tonnes a year to 7.6-million tonnes a year would be... →
Arc Minerals intersects oxide and sulphide mineralisation at Fwiji target in Zambia
By: Donna Slater 21st September 2020 Copper and cobalt miner Arc Minerals reports that a maiden diamond drilling programme at the Fwiji target at the Zamsort and Zaco licence areas in north western Zambia, has intersected oxide and sulphide mineralisation. Nine holes have been drilled to date at Fwiji over an area of more than 1... →
Kavango, Power Metals strengthen partnership to create new Botswana-focused entity
By: Donna Slater 21st September 2020 LSE-listed base and precious metals miner Kavango Resources has strengthened its partnership with battery metals miner Power Metal Resources by entering into a strategic joint venture (JV). Kavango in April agreed to sell a 51% interest in the Botswana-based Ditau project to Power Metals. →
‘No politics’ in Pebble review, says Trump
By: Mariaan Webb 17th September 2020 TSX- and NYSE American-listed Northern Dynasty’s stock rose sharply on Thursday, after US President Donald Trump vowed that there would be “no politics” in the review process of the Pebble copper/gold mine in Alaska. “Don’t worry, wonderful and beautiful Alaska, there will be no politics in the... →
FQM’s Zambian copper mine exceeds production targets
By: Simone Liedtke 17th September 2020 Canadian metals and mining company First Quantum Minerals’ (FQM’s) Sentinel openpit copper mine, in Zambia, has exceeded its production targets for July and August. This strong performance was attributed to consistent milling rates and better-than-expected grades in August, the company said in a... →
Teck switches to renewables at Chile copper mine
By: Mariaan Webb 17th September 2020 Canadian miner Teck Resources on Thursday announced that it would switch to renewable power at its Carmen de Andacollo copper mine, in Chile. Chilean affiliates, Compañía Minera Teck Carmen de Andacollo (CdA) and AES Gener entered into a long-term power purchase agreement to provide 100%... →
Stillwater West could be a leading US source of key metals, says Group Ten
By: Mariaan Webb 17th September 2020 Exploration and development company Group Ten is continuing to advance its Stillwater West project, in Montana, which it believes has the potential to be a leading US-based source of key battery metals and platinum group metals (PGMs). The company is targeting bulk-tonnage deposits of... →
First Quantum does not expect further Covid disruptions at its mines
By: Mariaan Webb 16th September 2020 With the Cobre Panama mine back at full production following an earlier Covid-19-related shutdown, Toronto-listed miner First Quantum does not expect any further disruptions related to the pandemic, with precautionary measures in practice at all its operations. The Cobre Panama mine, which was... →
CAML defers dividend decision pending clarity on tailings leak
By: Mariaan Webb 16th September 2020 London-listed Central Asia Metals has deferred its dividend decision and is reviewing its zinc and lead production guidance, after a tailings storage facility leak earlier in the week at its Sasa facility, in Northern Macedonia. The company planned to reinstate its dividend, but has now delayed... →
Freeport does not want to be 'distracted' by buyout offers, CFO says
By: Reuters 16th September 2020 Freeport-McMoRan does not want to be distracted by any buyout offers and is focused on expanding its Grasberg copper-and-gold mine in Indonesia and boosting cash flow, CFO Kathleen Quirk said on Tuesday. Executives at rival miner Barrick Gold have openly talked in recent months about their... →
Kansanshi reserves rise 70%, sets the stage for potential restart of S3 expansion
By: Marleny Arnoldi 15th September 2020 The mineral reserve at TSX-listed First Quantum Minerals' Kansanshi mine, in Zambia, has increased by 70% to an estimated 842-million tonnes, grading 0.64% copper, while the mine's mineral resource has increased by 40% to an estimated 939-million tonnes, grading 0.67% copper. This compares with... →
Codelco reaches contract agreement with El Teniente supervisors
By: Reuters 15th September 2020 Chile's State-owned copper miner Codelco said on Monday it had reached a contractual agreement with the supervisors' union at El Teniente mine, reflecting the new constrained realities of the industry following the economic blow dealt by the Covid-19 pandemic. The company said in a statement the... →
PEA outlines underground expansion extending Santa Rita to 34 years
By: Simone Liedtke 15th September 2020 A preliminary economic assessment (PEA) has confirmed the low-cost and long-life potential of Atlantic Nickel and Appian Capital Advisory's Santa Rita nickel/copper/cobalt mine, in Brazil. The PEA outlines a 34-year mine life, which includes a transition to underground mining after 8 years of... →
Jubilee's Zambia mining licence renewed
By: Marleny Arnoldi 14th September 2020 Aim- and AltX-listed Jubilee Metals’ application for the renewal of a small-scale mining licence in Kabwe, Zambia, has been granted by the Zambian Minister of Mines and Mineral Development. The licence is in respect to lead, zinc, copper and cobalt and has been renewed for ten years. →
Copper’s outlook buoyant as demand increases
By: Natasha Odendaal 14th September 2020 Fitch Solutions Country Risk and Industry Research has adjusted its 2020 copper price forecast upwards from $5 900/t predicted in March to $6 000/t as demand is supported by the Chinese government’s stimulus and recovery in global economic activity. In its outlook for copper prices update, the... →
Franco-Nevada advances $100m to SolGold
By: Creamer Media Reporter 14th September 2020 Gold-focused royalty streaming company Franco-Nevada on Friday advanced $100-million to dual-listed developer SolGold under a net-smelter royalty finance agreement (NSR). The funding, which was first announced in May, would be used to advance the Alpala copper/gold project through to a final... →
Congo says it will reimburse VAT to mining companies after audit
By: Reuters 14th September 2020 Congo said on Saturday it will reimburse value-added tax payments to mining companies operating in the country following an audit to determine how much it owes them, after a backlash over an earlier decision to stop payments. Africa's top copper producer has suspended the VAT on mining imports... →
Ivanhoe Mines continues work on project portfolio
By: Simone Liedtke 11th September 2020 Canadian mining firm Ivanhoe Mines is in the process of updating its figures for an updated bankable feasibility study (BFS) and phased development plan for the preliminary economic assessment (PEA) for its South African Platreef operation. The updated BFS and PEA should be published within the... →
Deep-South doubles private placement offering
By: Marleny Arnoldi 11th September 2020 TSX-V-listed Deep-South Resources has advised that its recently announced nonbrokered private placement is oversubscribed and that the company will therefore increase the offering to $2-million, up from $1-million. The company will proceed with a first closing on September 16. →
Pandemic puts strain on Zambian mining sector
By: Mc'Kyla Nortje 11th September 2020 Amid the challenges facing the Zambian mining industry, partially because of Covid-19, government has committed to waiving penalties and interest on the late payment of taxes, explains advisory firm KPMG Zambia tax partner Michael Phiri. The Central Bank has also set aside about R9-million, which... →
Battery metals to boom despite widespread Covid-19 disruption
By: Donna Slater 11th September 2020 Battery metals, which are used in modern energy efficient electrical products, are playing an increasingly important role in climate change mitigation and the shift towards a lower carbon-intensive future. Battery metals, including lithium, vanadium, copper, cobalt, nickel, lead and graphite are... →
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