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Copper News

Mining countries being helped to build critical mineral supply chains

By: Martin Creamer     Updated 2 hours 44 minutes ago CAPE TOWN (miningweekly.com) – The United States of America wants to support mineral producing countries to build enabling environments for investment throughout the critical minerals supply chain and not just focusing on extraction alone. This was stated by US Under Secretary of State for... 

Fundamental change needed in how we think about mining investment ­– Eurasian CEO

By: Irma Venter     Updated 5 hours ago With one Apple you can buy the world’s 50 largest mining companies, says Eurasian Resources Group CEO and Global Battery Alliance (GBA) co-chair Benedikt Sobotka. Speaking at the Investing in African Mining Indaba in Cape Town, he noted that the market capitalisation of the world’s top five... 

Image of Eurasian Resources Group CEO and Global Battery Alliance (GBA) co-chair Benedikt Sobotka
Benedikt Sobotka

Copper 360 starts drilling campaign in the Northern Cape

By: Tasneem Bulbulia     Updated 5 hours ago Emerging miner Copper 360 has started a drilling campaign to confirm the historical drill database from Newmont and Gold Fields on the Rietberg copper mine, in the Northern Cape. The company had used the previous extensive geological database to model large bodies of copper mineralisation which... 

Minerals Council's Roger Baxter encouraged by board-level engagement with Transnet 

By: Martin Creamer     Updated 5 hours ago Minerals Council South Africa CEO Roger Baxter said on Monday that the council is encouraged by the board level engagement it has undertaken so far with State rail enterprise Transnet and is hoping that this engagement will deliver some very specific results in stabilising rail performance in the... 

Minerals Council South Africa CEO Roger Baxter, Council president Nolitha Fakude, office bearer Themba Mkhwanazi, and chief economist Henk Langenhoven.
Photo by Creamer Media
Minerals Council South Africa CEO Roger Baxter, Council president Nolitha Fakude, office bearer Themba Mkhwanazi, and chief economist Henk Langenhoven.

Ever greater global acknowledgement of need to decarbonise ever more urgently – Anglo 

By: Martin Creamer     6th February 2023 Ever greater acknowledgement is being given to the need to decarbonise global energy and transport systems ever more urgently. At the same time, ever greater global recognition is being given to the fact that many of the products of mining are fundamental to enabling that shift. 

Anglo American CE Duncan Wanblad.
Anglo American CE Duncan Wanblad.

Chile copper production down 0.5% in December - Cochilco

By: Reuters     6th February 2023 Chile's total copper production fell 0.5% in December to 495 800 t, government body Cochilco said on Friday, meaning that output in the full year of 2022 dropped 5.3% on a yearly basis to 5.33-million tonnes. Monthly production from state-owned giant Codelco slipped 11.8% on a yearly basis to... 

Rex hunting for Hillside partner

By: Esmarie Iannucci     6th February 2023 Junior Rex Minerals is hunting for a partner for its Hillside copper/gold project, in South Australia. The ASX-listed company is seeking direct participation through a minority interest in the project, and has already received a number of project participation and product offtake inquiries, Rex... 

Serial dealmaker Froneman lured by Zambian copper mine assets

By: Bloomberg     6th February 2023 Sibanye Stillwater boss Neal Froneman is interested in acquiring Mopani Copper Mines in Zambia as he pushes to secure metals key to the green-energy transition. The asset would give Johannesburg-based Sibanye a springboard into Africa’s second-largest copper producer, after the company pulled... 

South32 to fund Minsud exploration programme in Argentina

By: Mariaan Webb     6th February 2023 Mineral exploration company Minsud Resources is fully funded to advance its Chita Valley project, in San Juan, Argentina, with a South32 electing to fund another year of exploration in terms of a 2019 earn-in agreement. A subsidiary of South32 will fund the C$9.1-million Year 4 budget and... 

Cyprium to raise A$35m for Nifty restart

By: Esmarie Iannucci     6th February 2023 ASX-listed Cyprium Metals has announced plans to raise A$35-million to support the restart of its Nifty copper project, in the Pilbara. The company has received firm commitments for the placement of 318.6-million shares from sophisticated and institutional investors, at a price of 11c a share.... 

Brazilian authorities back BHP's play for Oz Minerals

By: Esmarie Iannucci     6th February 2023 Brazil’s Administrative Council for Economic Defence has given mining major BHP approval for its proposed acquisition of ASX-listed Oz Minerals. The two companies in December entered into a scheme implementation deed and the Oz Minerals directors unanimously recommended that shareholders accept... 

Taseko in discussions with Sojitz for Gibraltar share acquisition

By: Reuters     6th February 2023 Canada-based Taseko Mines said on Friday it was in confidential discussions with Japanese trading house Sojitz over the potential purchase of the latter's share in Gibraltar Mines. Taseko added that no binding agreement had been reached so far. Sojitz said it is selling its 12.5% stake in the... 

Marula Mining seeks listing on the Aim

By: Tasneem Bulbulia     3rd February 2023 AQSE-listed Marula Mining intends to seek a listing of its ordinary shares on the LSE’s Aim market, subject to the preparation and acceptance of all the requisite documentation and regulatory approvals. Marula is an Africa-focused battery metals investment and exploration company and has... 

Tertiary raises £300 000 to fund exploration

By: Tasneem Bulbulia     3rd February 2023 Aim-listed Tertiary Minerals has raised £300 000 before expenses through a placing of 250-million new ordinary shares and 125-million attached warrants in the company. The placing was arranged through the its joint broker, Peterhouse Capital. 

Seriti Green raises need for Africa to appraise vanadium as electricity storage battery metal  

By: Martin Creamer     3rd February 2023 Wind farm builder Seriti Green, which is planning substantial electricity storage capacity at its big renewable energy project in Mpumalanga, has raised the need for vanadium to be appraised as a battery storage metal of choice in Africa owing to the difficulties of sourcing lithium batteries.... 

From left, Layton Nenzinane, Peter Venn and Doug Gain.
Seriti Green Mpumalanga wind farm developers talk to Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Proudly South African technology catches eye of fusion project researchers 

By: Martin Creamer     3rd February 2023 Innovative Proudly South African membraneless technology has caught the eye of the engineers involved in the huge global ITER fusion project as a possible solution to recover tritium from tritiated water. The membraneless technology is the brainchild of Hydrox Holdings engineers, based in... 

The Hydrox team (from left) CEO Corrie de Jager, process engineer Jason Cuomo, director/inventor George Anagnostopoulos, and director Paul van de Vyver.
Photo by Creamer Media Chief Photographer Donna Slater
The Hydrox team (from left) CEO Corrie de Jager, process engineer Jason Cuomo, director/inventor George Anagnostopoulos, and director Paul van de Vyver.

Sprott launches four new energy transition-focused ETFs

By: Creamer Media Reporter      3rd February 2023 Sprott Asset Management, a subsidiary of precious metals and energy transition investment group Sprott, has launched four exchange traded funds (ETFs) focused on providing investors pure-play exposure to critical minerals essential to the generation, transmission and storage of cleaner energy.... 

Value of US mine production jumps to $98bn – USGS

By: Creamer Media Reporter      3rd February 2023 US mines produced $98.2-billion in nonfuel mineral commodities in 2022, an estimated $3.6-billion increase over the 2021 revised total of $94.6-billion, the US Geological Survey (USGS) announced on Thursday, releasing its yearly mineral commodity summaries report.  The report covers more than 90... 

Copper's fight for critical mineral status gets political push

By: Bloomberg     3rd February 2023 Some of the biggest names in copper have found high-ranking political allies to support their efforts to get the wiring metal added to a list of minerals deemed critical to the US. Senator Kyrsten Sinema, an Independent from Arizona, sent a letter with other lawmakers on Thursday urging Interior... 

Copper's fight for critical mineral status gets political push

Grindex pumps distributor widens SADC network

By: Tracy Hancock     3rd February 2023 Pumping applications solutions provider Integrated Pump Technology has been given the green light to distribute the submersible pumps range from Swedish pumps manufacturer Grindex in a further seven countries in the Southern African Development Community (SADC). “Our sole distribution agreement... 

DISTRIBUTION DEVELOPMENTS
Integrated Pump Technology intends to establish new distributorships in Gabon, Angola, Rwanda, Tanzania, Uganda, Malawi and Kenya to sell and support the Grindex range
DISTRIBUTION DEVELOPMENTS Integrated Pump Technology intends to establish new distributorships in Gabon, Angola, Rwanda, Tanzania, Uganda, Malawi and Kenya to sell and support the Grindex range

Ramaphosa to deliver keynote address at Mining Indaba

By: Martin Creamer     2nd February 2023 South African President Cyril Ramaphosa has confirmed his attendance at the Mining Indaba taking place in Cape Town next week, from Monday to Thursday. Ramaphosa, accompanied by eight ministers and three deputy ministers, will deliver a keynote address on Tuesday, 7 February. 

President Cyril Ramaphosa, President of South Africa.
President Cyril Ramaphosa, President of South Africa.

FQM reports fatality at Trident, Zambia

By: Creamer Media Reporter      2nd February 2023 Toronto-listed First Quantum on Thursday announced that a worker at its Trident operation, in Zambia, had died, following a traffic accident in the Sentinel openpit. The accident involved a dump truck and light vehicle, the mining company said. One other person was severely injured and medically... 

Kefi presses on with Tulu Kapi financing efforts

By: Marleny Arnoldi     2nd February 2023 London-listed Kefi Gold and Copper says it has taken a huge effort over a much longer period than anticipated to overcome numerous market challenges in both Ethiopia and Saudi Arabia, where the company is developing projects. However, the company is nearing finalisation of financing for the... 

Galileo encounters high gold grades in Zambia

By: Tasneem Bulbulia     2nd February 2023 Aim-listed Galileo Resources reports that progress has been made on a number of new prospects, including the discovery of high-grade gold and associated copper mineralisation at the Shinganda copper/gold project, in Zambia, where it has the right to earn an initial 51% interest. Follow-up... 

Sojitz to sell Canadian copper mine stake

By: Reuters     2nd February 2023 Japanese trading house Sojitz, which on Thursday reported record profit for the nine months to end-December, said it was selling its 12.5% stake in Canada's Gibraltar Mines. Sojitz said it booked a pre-tax loss of 6.3-billion yen ($49-million) in the October-December quarter from the planned... 

The Gibraltar mine
The Gibraltar mine

Thakadu, Mertech Marine form JV to recycle, beneficiate copper in South Africa

By: Darren Parker     2nd February 2023 Beneficiation and trading company Thakadu Resources and seabed telecommunication cables recovery and recycling company Mertech Marine have agreed to form a joint venture (JV) to beneficiate copper recycled from subsea telecommunication cables and to establish a new high-purity copper sulphate... 

Recycled copper

First Quantum to hold board meeting in Panama - source

By: Reuters     2nd February 2023 Directors of First Quantum Minerals will meet in Panama this week for a board meeting, a source close to the Canadian company said on Wednesday, in the midst of a longstanding dispute over its contract with the government to operate a major copper mine. Panama's government and First Quantum are... 

Freeport Indonesia's $3bn copper smelter to be completed by end of 2023 - official

By: Reuters     2nd February 2023 The construction of US mining giant Freeport McMoRan's Indonesian copper smelter, one of the biggest in the world, will be completed by the end of this year, an official at its Indonesian unit said on Thursday. The $3-billion facility in Gresik, East Java, will have capacity of 1.7-million... 

MCA calls for stable policy to boost investment

By: Esmarie Iannucci     2nd February 2023 The Minerals Council of Australia (MCA) has called on the federal government to implement a number of reforms in order to ‘seize a once in a generation opportunity’ to grow investment in the resources sector. In its 2023-24 pre-Budget submission, the MCA pointed out that Australia’s mining... 

Image shows an opencast mine with dump trucks

Kefi pursues dual listing in Saudi Arabia

By: Marleny Arnoldi     1st February 2023 Aim-listed Kefi Gold and Copper is pursuing a dual listing of its shares in Saudi Arabia. The Saudi Exchange is currently the eleventh-largest stock exchange globally, with 223 listed companies and a market capitalisation of $2.63-trillion.  

Good grade uplifts Harmony’s gold output 

By: Martin Creamer     1st February 2023 Despite the ongoing electricity shortages and supply chain disruptions, the total gold production of Harmony Gold has increased quarter-on-quarter, the Johannesburg- and New York-listed company, which will be presenting at next week’s Investing in African Mining Indaba in Cape Town, stated on... 

Underground drilling under way at Harmony's Great Noligwa gold mine.
Underground drilling under way at Harmony's Great Noligwa gold mine.

Ivanhoe outlines $3.78bn capex plans for 2023/4

By: Darren Parker     1st February 2023 TSX-listed Ivanhoe Mines intends to spend a combined $3.78-billion in capital expenditure (capex) on its Kamoa-Kakula copper project and Kipushi zinc/copper mine, in the Democratic Republic of Congo, as well as on its Platreef platinum group metals mine, in Limpopo, South Africa, in 2023 and... 

Kamoa-Kakula copper project
The Kamoa-Kakula copper project in the DRC

Glencore's 2022 cobalt production up, along with oil, nickel, ferrochrome 

By: Martin Creamer     1st February 2023 Mining and marketing company Glencore produced 40% more cobalt last year, along with 16% more oil, 5% more nickel and 1% more ferrochrome. Although coal production of 110-million tonnes was 6.7-million tonnes higher, on a like-for-like basis, overall group coal production fell by 7%, primarily... 

Glencore CEO Gary Nagle.
Glencore CEO Gary Nagle.

Resources Watch  

1st February 2023 This week: RBCT coal exports fall below 1993 level, being hit very badly by cable theft And, Copper-copious Zambia stepping up agricultural prowess, embarking on robust outreach 

Resources Watch image
Resources Watch

EPA's move to block Pebble project in Alaska 'unlawful' - CEO

By: Reuters     1st February 2023 The US Environmental Protection Agency's (EPA) decision to block the proposed Pebble copper and gold mining project near Alaska's ecologically sensitive Bristol Bay watershed is "unlawful" and hurts the state, said the top boss of the mining project. The EPA has moved to stop the company from... 

Pebble CEO John Shively
Pebble CEO John Shively

New partnership enabling South African lithium pioneer to go full throttle 

By: Martin Creamer     31st January 2023 Battery metals investment and exploration company Marula Mining, which is delivering its first shipment of lithium ore from its Blesberg lithium and tantalum mine in the Northern Cape, has received a funding boost by clinching of a partnership with Q Global Commodities (QGC). As a majority... 

QGC CEO Quinton van der Burgh (left) and Marula Mining CEO Jason Brewer.
QGC CEO Quinton van der Burgh (left) and Marula Mining CEO Jason Brewer.

South Africa well on way to unlocking incredible base metals potential – Orion 

By: Martin Creamer     31st January 2023 Emerging production hubs in the Northern Cape are opening the way for South Africa to be a producer of future-facing ‘green’ metals to support the global energy transformation and to mitigate against climate change.  The two emerging production hubs are the Prieska Copper-Zinc Mine and the Okiep... 

Dewatering plan at Prieska Copper-Zinc Mine.
Dewatering plan at Prieska Copper-Zinc Mine.

Vedanta is said to scrap plans to sell mega Indian copper smelter

By: Bloomberg     31st January 2023 Vedanta has shelved the plan to sell its copper smelter in the southern Indian state of Tamil Nadu, which accounted for almost 40% of the metal’s production in the country, and has doubled down on its efforts to restart the plant, according to people familiar with the matter. After scrapping the... 

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