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Copper News

Ivanhoe progresses with road to airport from Kamoa project

By: Marleny Arnoldi     Updated 3 hours ago Canada-headquartered Ivanhoe Mines says construction of the highway linking its Kamoa-Kakula copper project to the Kolwezi airport, in the Democratic Republic of Congo (DRC), is progressing rapidly with the onset of the country’s dry season. The 34-km-long east–west road is about 25% complete... 

Pleasing Orion bankable points to fast project payback 

By: Martin Creamer     Updated 3 hours ago Zinc and copper exploration and development company Orion Minerals pleasantly surprised the market on Monday when it announced a bankable feasibility study (BFS) that paves the way for financing, concentrate offtake and mine construction of the Prieska project in the Northern Cape. The BFS... 

Pleasing Orion bankable points to fast project payback
Photo by Creamer Media
Orion Minerals CEO Errol Smart

Rio Tinto starts drilling at Broadway’s Madison

By: Creamer Media Reporter      Updated 3 hours ago Kennecott Exploration, part of the Rio Tinto Group, has started with a drilling campaign at TSX-V-listed Broadway Gold Mining’s Madison copper/gold project, in the Butte region of Montana, in the US. The initial drilling programme consists of three drill holes targeting an area displaying... 

Capstone restarts Pinto Valley ops

By: Creamer Media Reporter      Updated 4 hours ago The Pinto Valley copper mine, 125 km from Phoenix, Arizona, has been safety restarted, following last week’s fire that led to a curtailment of operations. The mine site did not sustain any physical damage during the Woodbury fire, which by Sunday morning had ballooned to more than 96 000 acres... 

Workers at Chile's Chuquicamata copper mine vote to continue strike

By: Reuters     24th June 2019 Labour unions at Chile's Chuquicamata copper mine voted on Saturday to reject the latest contract offer of government-controlled mining company Codelco, and to continue the week-long strike at the sprawling production site. The unions went on strike eight days earlier after initial negotiations... 

SolGold jumps in London as Ecuador referendum is rejected

By: Mariaan Webb     21st June 2019 Copper/gold developer Solgold traded 22% higher on the London Stock Exchange on Friday, following news that the Constitutional Court in Ecuador had dismissed a petition for a mining referendum that would have affected its Cascabel project. It is understood that the court rejected the petition on... 

SolGold jumps in London as Ecuador referendum is rejected

Los Andes reinforces Vizcachitas project team

By: Creamer Media Reporter      21st June 2019 TSX-V-listed Los Andes Copper has assembled a “highly experienced” team to take the Vizcachitas project, in Chile, to construction and, subsequently, production. The senior management team consists of executive chairperson Fernadno Porcile, Vizcachitas project director Manuel Matta, chief... 

Sandfire replaces ore reserves at DeGrussa

By: Creamer Media Reporter      21st June 2019 An updated ore reserve for the DeGrussa mine, in Western Australia, has extended the copper/gold operation’s mine life to mid-2022, ASX-listed Sandfire Resources reported on Friday. The company’s latest reserve and mineral resource update for DeGrussa includes the Conductor 1, Conductor 4 and... 

Capstone curtails Pinto Valley activities owing to wildfire

By: Creamer Media Reporter      20th June 2019 A wildfire that is burning near the westernmost property boundary of the Pinto Valley mine has led to owner Capstone Mining curtailing nonessential activities at the mine. The TSX-listed miner said, at the time of sending out its news release at 15:30 EST, that the wildfire had no physical... 

Court dismisses Ecuador mining referendum petition

By: Mariaan Webb     20th June 2019 The share prices of SolGold and Cornerstone Capital Resources rose sharply in Canada on Thursday afternoon, following an announcement that the Ecuador mining referendum petition had been dismissed. TSX-V-listed Cornerstone, which is a partner in the significant Cascabel copper/gold project with... 

Court dismisses Ecuador mining referendum petition

Group sues Trump administration for withholding information on mining decision

By: Reuters     20th June 2019 A conservation group on Thursday sued the Trump administration for withholding documents related to its decision to cancel a 20-year ban on mining in a Minnesota wilderness area and open it up to copper production. The Wilderness Society filed the lawsuit in a Washington, DC, federal court to... 

Taseko getting its Florence ducks in a row

By: Mariaan Webb     20th June 2019 Vancouver-headquartered Taseko Mines have the three key initiatives – technical, permitting and financing – all aligned for its Florence copper project, in the US state of Arizona, to be construction-ready in the first half of next year, president Stuart McDonald reported on Thursday. On the... 

Taseko getting its Florence ducks in a row

Zambian court rejects Vedanta bid to join liquidation case

By: Reuters     20th June 2019 Vedanta Resources said it would take urgent steps to protect its Zambian assets and pursue international arbitration if necessary after a Lusaka court on Thursday rejected its request to be included in liquidation proceedings. A Lusaka judge on Thursday ruled Vedanta Resources could not take part... 

Higher production expected from Aeris

By: Esmarie Iannucci     20th June 2019 ASX-listed Aeris Resources has tipped a 4% increase in full year production expectations on the back of strong production performances at its Tritton and Murrawombie underground mines, along with higher copper grades in New South Wales. The miner on Thursday advised that its copper production... 

Zambian President expects to find buyer for Vedanta unit by July

By: Bloomberg     20th June 2019 Zambia’s government expects to conclude talks with potential buyers of Vedanta Resources’s local copper unit within a month, President Edgar Lungu said. His comments preempt a hearing by Zambia’s High Court on Thursday on the state’s bid to liquidate the asset after a dispute between the... 

Zambian President expects to find buyer for Vedanta unit by July
Zambia President Edgar Lungu and Vedanta chairperson Anil Agarwal

Northern Dynasty secures interim financing for Pebble

By: Mariaan Webb     19th June 2019 TSX-listed Northern Dynasty on Wednesday announced that it had secured interim financing to continue with its objective of securing a positive record of decision in the Pebble environmental impact assessment, while negotiations were “actively” ongoing for more substantial and long-term financing... 

Morocco’s Managem increases stake in Guinea’s Tri-K gold project to 85%

By: Reuters     19th June 2019 Morocco’s leading mining firm Managem said on Tuesday it increased its stake in the Tri-K gold project in eastern Guinea Conakry to 85% after acquiring a 30% stake held by its partner Avocet Mining for $21-million. The acquisition is in line with the group’s strategy to boost its gold production... 

Congo deploys army to protect China Moly's copper mine from illegal miners

By: Reuters     19th June 2019 Congo's military has deployed hundreds of soldiers to protect a major copper and cobalt mine owned by China Molybdenum from illegal miners, an army spokesperson said on Wednesday. The Tenke Fungurume mine is one of the largest in Democratic Republic of Congo, which is Africa's leading copper... 

Oz Minerals establishes renewable collaborative programme

By: Esmarie Iannucci     19th June 2019 Copper miner Oz Minerals has launched an energy and mining collaboration (EMC) with six other organisations to investigate renewable energy and demand management related activities on a mine site. The first project as part of the EMC programme would see a trial installation of a near 250 kW... 

Chile's Codelco sweetens contract offer in bid to end mine strike – sources

By: Reuters     19th June 2019 Chilean miner Codelco has presented a sweetened contract offer to workers in a bid to end a five-day strike at its key Chuquicamata copper mine, two people with direct knowledge of the negotiations told Reuters on Tuesday. Striking miners and police clashed earlier on Tuesday, with authorities... 

PFS supports new South Australia copper/gold mine

By: Creamer Media Reporter      18th June 2019 ASX-listed Havilah Resources on Tuesday published the prefeasibility study (PFS) for its Kalkaroo project, which indicates that a new openpit mine producing 30 000 t/y of copper and 72 000 oz/y of gold was feasible. The study was previously prepared for potential partner Wanbao Mining by... 

Kamoa-Kakula development progressing well

By: Tasneem Bulbulia     18th June 2019 TSX-listed Ivanhoe Mines says it is making “excellent progress” on the construction of the Stage 1 six-million-tonne-a-year Kamoa-Kakula copper mine, in the Democratic Republic of the Congo (DRC). After China-based Citic Metal agreed to invest an additional $459-million in Ivanhoe, the pace of... 

India important to global copper demand growth, CRU analyst tells conference

18th June 2019 India and Asia will drive global copper growth beyond 2025 with China remaining a dominant consumer of the red metal, according to a Latin American commodity analyst. Addressing the Copper to the World conference in Adelaide, Australia, on Tuesday, Santiago-based CRU Consulting principal analyst... 

Copper seen as key to South Australia achieving growth target

By: Mariaan Webb     18th June 2019 South Australia’s mining industry is rising to the challenge of bringing new copper supply to the market, with mines expanding, new ones opening and projects pushing through the pipeline, Energy and Mining Minister Dan van Holst Pellekaan said at a conference in Adelaide on Tuesday. In an... 

Copper seen as key to South Australia achieving growth target

Zambia’s Mopani Copper Mines shuts down smelter

By: Reuters     18th June 2019 Zambia's Mopani Copper Mines (MCM) has shut down its Mufulira smelter for major refurbishment, the Glencore-owned company said on Monday. "The majority of the programme is expected to last until the end of the year and will result in a total shutdown of the plant. The investment in the new shafts... 

LME electronic pricing trial fails to boost volumes - sources

By: Reuters     18th June 2019 The London Metal Exchange's (LME's) three-month trial of switching to electronic closing prices for one of its benchmark base metal contracts has failed to lift volumes, industry sources said, lending further support to traditional open outcry trading. The trial, which moved nickel from the ring... 

First copper from Cobre Panama sets sail

By: Mariaan Webb     18th June 2019 Canadian miner First Quantum celebrated a significant milestone at its newest copper mine last week with the first shipment of 31 200 t of concentrate leaving the Punta Rincon port under a Panamanian flag vessel. First Quantum invested $6.3-billion in the new mine, which is forecast to produce... 

First copper from Cobre Panama sets sail

Don't be in a rush to do business in world's top cobalt producer 

By: Bloomberg     18th June 2019 When a foreign investor with multimillion-dollar projects across Africa was told the president of the Democratic Republic of Congo wanted to see him, he booked a suite at one of the country’s top hotels. After six days of waiting, he left. Since Felix Tshisekedi took the helm of the world’s... 

Don't be in a rush to do business in world's top cobalt producer
Democratic Republic of Congo President Felix Tshisekedi

Chuquicamata copper mine operations halved amid strike - Codelco

By: Reuters     17th June 2019 Chile's Codelco said on Monday that its Chuquicamata copper mine, one of the world´s largest, had maintained output at 50% of capacity as it faced its fourth full day of a union strike. More than 3 000 unionised workers at the world's top copper producer's sprawling Chuquicamata copper mine... 

Congo State miner's high-flying chief has his wings clipped

By: Bloomberg     14th June 2019 The head of the Democratic Republic of Congo’s State mining company will no longer exercise control over the business, despite being reappointed to the post, the president’s spokesperson has said. Albert Yuma, who was named president of Gecamines’s board in 2010, retained the position in a May 29... 

Taseko appoints new president, Hallbauer remains CEO

By: Creamer Media Reporter      14th June 2019 Copper miner Taseko Mines on Friday announced several senior management changes, including the appointment of current CFO Stuart McDonald as its new president – a position that Russell Hallbauer previously held. Hallbauer, who was president and CEO, would remain as CEO of the company. 

Workers begin strike at Chile's sprawling Chuquicamata copper mine

By: Reuters     14th June 2019 More than 3 000 unionised workers at Codelco's sprawling Chuquicamata copper mine walked off the job early Friday morning after failing to reach a labour deal earlier this week with Codelco, the world's top producer of the metal. Chuquicamata unions 1, 2, and 3 rejected a contract offer from the... 

SolGold identifies ‘exciting new porphyry target’

By: Creamer Media Reporter      14th June 2019 Ecuador-focused explorer SolGold has identified a potential new porphyry copper/gold/molybdenum system in its 100%-owned Sharug concession, the company announced on Thursday. The new prospect, called Santa Martha, was identified after teams explored south of the recently discovered Quillosis... 

Canada’s highest court clears way for Taseko’s New Prosperity

By: Mariaan Webb     14th June 2019 Efforts to move the New Prosperity mine project near Williams Lake, British Columbia, forward have gained traction this week, when the Supreme Court of Canada (SCC) cleared the way for Taseko Mines to undertake geotechnical work at the project. The SCC on Thursday dismissed the Tsilhqot'in First... 

Canada’s highest court clears way for Taseko’s New Prosperity

Fortescue ventures into South Australian copper

By: Esmarie Iannucci     14th June 2019 Iron-ore major Fortescue Metals has struck farm-in and joint venture (JV) agreements with two ASX-listed juniors in South Australia, as it hunts for copper and gold in the region. Tasman Resources on Friday announced a farm-in and JV agreement over its Vulcan exploration licence, which adjoins... 

Company creates new opportunities, targets new regions

By: Cameron Mackay     14th June 2019 Water pump manufacturer and supplier Donnlee Pump Tech has increased its service offering to supply pumps and pump services to the copper fields in Zambia, as well as parts of the Democratic Republic of Congo (DRC).   “We are targeting every mine, and are manufacturing and supplying a greater... 

Company creates new opportunities, targets new regions
MULTISTAGE PUMPS Donnlee Pump Tech has exclusively focused on the supply and reconditioning of a range of multistage dewatering centrifugal pumps to the mining industry

Process water pumps supplied to Chile copper mine

14th June 2019 Motor pumps manufacturer Pleuger Industries has supplied six high-performance process water pumps to the Chilean Collahuasi copper mine in the Pica district of the Tarapaca region. The mine relies on a flotation process, for which Pleuger will supply the six tailormade pump units for the... 

Process water pumps supplied to Chile copper mine
ACCEPTANCE UNDERTAKING The acceptance trials of the six pumps, for which the mine’s technical management, together with pumps distributor Wellford, travelled from Chile to Hamburg, in Germany, took a week

Zambian President threatens to fine miners who break law

By: Reuters     13th June 2019 Zambia will fine and break ties with mining firms that fail to operate according to the southern African country's laws, President Edgar Lungu said on Thursday, escalating a dispute with India-listed Vedanta. Vedanta is fighting Zambia's decision last month to name a provisional liquidator to run... 

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