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Copper News
South Africa urged to recycle more of its copper scrap
By: Donna Slater 10th July 2020 Given limited domestic copper production, South Africa should prioritise the recycling of copper scrap to ensure there remains sufficient stock as the economy changes to be more energy efficient and less reliant on fossil fuels, Copper Development Association Africa (CDAA) executive chairperson... →
Zambia copper production rises to 342 734 t in first five months of 2020 – govt
By: Reuters 10th July 2020 Zambia's copper production increased to 342 734 t in the first five months of this year, from 330 024 t in the same period of 2019, the ministry of mines said on Thursday. Copper production was projected to continue rising in the third and fourth quarters of 2020 in line with rising prices driven... →
Copper is surging, but it doesn’t mean economy is booming
By: Bloomberg 10th July 2020 Copper prices are surging, and for once it’s not because the economy is booming. The metal – known colloquially as Dr. Copper because its performance is often used to gauge the health of the overall economy – has surged by a staggering 45% since mid-March. That’s despite the International... →
New copper record for Red River
By: Esmarie Iannucci 10th July 2020 Base metals miner Red River Resources has reported record copper production for the three months to June at its Thalanga operation, in Queensland, while zinc and lead production remained consistent with the previous quarter. Copper concentrate production in the fourth quarter reached 2 697 t,... →
Mines focus on existing assets
By: Tracy Hancock 10th July 2020 Few of the capital projects planned for the development of new African mines will go ahead this year because of the Covid-19 pandemic and the resultant uncertainty, says project management, engineering and consulting company Wood’s mining and minerals business development manager for Europe, the... →
New GM appointed for FQM’s Kansanshi mine
By: Tasneem Bulbulia 9th July 2020 Anthony Mukutuma has been appointed GM of dual-listed First Quantum Minerals’ multimillion-dollar Kansanshi mine, in the Solwezi District of North Western province. He is the first Zambian to hold the post of GM at Kansanshi, which is the largest copper mine in Africa by production. →
CAML reduces Kounrad staff numbers as 27 test positive
By: Mariaan Webb 9th July 2020 UK-headquartered miner Central Asia Metals Limited (CAML) has maintained its full-year guidance from its operations in Kazakhstan and North Macedonia, despite increasing measures to reduce the spread of Covid-19 at its Kounrad operation. As the Aim-listed company enters the third quarter,... →
Freeport is selling more copper than it thought in pandemic
By: Bloomberg 9th July 2020 The world’s biggest publicly traded copper company is navigating the pandemic better than it thought. Freeport-McMoRan expects to report about 8% more copper sales volume and 10% more gold in the second quarter than it forecast in April when it was first coming to grips with the implications of... →
In copper country, they’re using the metal to fight the virus
By: Bloomberg 9th July 2020 As Chile’s giant copper mines battle to keep workers healthy in the Covid-19 pandemic, a laboratory in the country is touting the use of tiny specks of the metal to contain the spread among the general population. Santiago-based Aintech says its products are the first to make use of copper... →
Codelco unions say nearly 3 000 miners infected by coronavirus, call for enhanced safety
By: Reuters 9th July 2020 Unions at Chile's Codelco, the world's largest copper producer, said on Wednesday that nearly 3 000 workers had been infected with the coronavirus, prompting renewed calls for more safety measures at the company's sprawling operations. Patricio Elgueta, president of the Federation of Copper... →
Thousands of copper workers have fallen ill in Chile
By: Bloomberg 8th July 2020 It’s no coincidence that global copper prices and Chilean Covid-19 cases are rising together. Chile, which accounts for more than a quarter of global supply, is battling to maintain output levels as more workers fall ill amid a nationwide surge of infections. Mines have been attempting to keep... →
Cobre Panama to restart after three-month Covid pause
By: Mariaan Webb 8th July 2020 Toronto-listed First Quantum has been given the green light to resume normal operations at its Cobre Panama mine, after being ordered to shut the mine in early April, owing to positive Covid-19 cases. The copper/gold miner said this week that it would implement a reopening plan, which provided... →
Glencore copper mine in Congo says six workers have coronavirus
By: Reuters 8th July 2020 Six workers at Glencore's Kamoto Copper Company (KCC) mine in Democratic Republic of Congo's Lualaba province have tested positive for the coronavirus, KCC said on Tuesday. The copper and cobalt miner said none of the workers screened and tested presented symptoms of Covid-19, adding they are... →
Aura Energy agree to sale of Tasiast South tenements
By: Donna Slater 7th July 2020 Australia-based minerals company Aura Energy (AEE) has signed a C$4.5-million (A$4.8-million) funding term sheet for the creation of a joint venture (JV) vehicle with TSX-listed Chilean Metals for Aura’s gold, base- and battery-metal tenements in Mauritania. The deal, which is subject to due... →
Gold anomalies identified at GoviEx’s Mali uranium project
By: Simone Liedtke 7th July 2020 A recent gold geochemical sampling programme at TSX-V-listed GoviEx Uranium’s Falea uranium/copper/silver project, in Mali, has highlighted significant gold in soil anomalies that show the potential extensions of the Sirabaya West and the Siribaya-Bambadinka gold trends through, and potentially... →
South African govt initiates process of developing societal hydrogen roadmap 
By: Martin Creamer 7th July 2020 South Africa’s Department of Science and Innovation (DSI) has initiated a process, with other government and industry stakeholders, to develop a roadmap that will lead South Africa towards a hydrogen society, Mining Weekly can today report. The aim is to create a policy document that will inform... →
Ivanhoe speeds ahead with Kakula underground, plant development
By: Marleny Arnoldi 6th July 2020 TSX-listed Ivanhoe Mines continues to progress ahead of schedule with underground development of the Kakula copper mine, in the Democratic Republic of Congo (DRC). The company, together with its joint venture (JV) partner Zijin Mining Group, has completed more than 17 km of underground... →
Power Metal raises £1m to accelerate exploration
By: Schalk Burger 6th July 2020 Aim-listed metals exploration and development company Power Metal Resources has raised £1-million to accelerate exploration across its portfolio of projects and to commercialise select project interests. The funds raised will increase the available working capital (cash and listed financial... →
Minerals Council regrets delay of 2018 Mining Charter review
By: Martin Creamer 6th July 2020 Minerals Council South Africa on Monday expressed regret that the finalisation of the review of the contested elements of the 2018 Mining Charter had been delayed following a judgement of the full bench of the High Court in Pretoria ordering that a number of other parties be joined to the action.... →
Minerals Council South Africa.
Copper poised to maintain upward price trajectory, says ERG CEO
By: Simone Liedtke 6th July 2020 Diversified miner Eurasian Resources Group (ERG) says the unprecedented levels of stimulus across the world are set to sustain the recovery in copper demand in the longer term, with the supply impact of the Covid-19 pandemic expected to extend beyond this year. Growth drivers include the digital... →
Displacement continuing at copper mine where openpit give way is imminent
By: Martin Creamer 6th July 2020 Vertical and horizontal displacement is continuing at the Nchanga Open Pit Cut 2 in Chingola in Zambia, where geo-technical assessments point to an imminent collapse of a portion of the open pit – but the anticipated slough had not happened by late Sunday when Mining Weekly spoke by phone to... →
Konkola Copper Mines CEO Chris Sheppard.
Congo mines minister to meet with firms on confinement moratorium
By: Reuters 5th July 2020 Democratic Republic of Congo mines minister Willy Kitobo Samsoni plans to meet with mining companies to agree a moratorium on confining workers to mine sites due to the coronavirus. Civil society groups last month demanded an end to mandatory mine-site confinement policies put in place by copper... →
Power Metal progresses with Kisinka exploration
By: Donna Slater 3rd July 2020 Metal explorer and developer Power Metal Resources (Power Metal) has completed most elements of the follow-up programme at the Kisinka project in the Democratic Republic of Congo, including pitting and mapping. Laboratory analysis will, however, only be possible after air cargo routes reopen. →
Reopening of economies boosting metals prices
By: Marleny Arnoldi 3rd July 2020 Since lockdown measures have started to ease around the world to contain Covid-19, ratings and research agency Standard & Poor’s Global (S&P Global) says the reopening of economies, combined with monetary stimulus by banks and governments, has allowed industrial metal prices to rise. However,... →
Chile copper production at risk as coronavirus bites
By: Reuters 3rd July 2020 Chile's vaunted copper industry is nearing a tipping point as coronavirus explodes across the South American nation, mine workers and analysts say, laying bare the hidden costs of policies that have until now salvaged its output of the red metal. Since early April leading miners, including... →
Vedanta's Zambia copper unit warns part of Nchanga openpit mine about to collapse
By: Reuters 3rd July 2020 Zambia's Konkola Copper Mines (KCM), a unit of diversified miner Vedanta Resources, has closed part of its openpit mine as a portion of the pit is about to collapse, the chief executive officer said late on Thursday. KCM predicted that part of the Nchanga Open Pit in Chingola in Zambia's... →
Turquoise Hill to defer any interim funding talks on Mongolian mine with Rio Tinto
By: Reuters 3rd July 2020 Turquoise Hill Resources Ltd said on Thursday it has decided to defer further discussions on any interim funding arrangements with Rio Tinto for its Mongolian copper project. The Mongolian state owns 34% in the Oyu Tolgoi copper project, while Rio's majority-owned Turquoise Hill has a 66% stake. →
Cost blow-outs and delays confirmed at Oyu Tolgoi
By: Esmarie Iannucci 3rd July 2020 Mining major Rio Tinto on Friday confirmed a cost blow-out of between $1.3-billion and $1.8-billion at the Oyu Tolgoi copper project, in Mongolia, compared with the original $5.3-billion capital estimates. Meanwhile, first sustainable production has been delayed by between 21 and 29 months... →
Lithium feeling pandemic pinch
By: Theresa Bhowan 3rd July 2020 The lithium market is declining as a direct result of electric vehicle (EV) plans being pushed back and EV production plummeting, says international commodities consultancy Core Consultants. →
World top copper producer Chile keeps output steady in May even as coronavirus explodes
By: Reuters 2nd July 2020 World top copper producer Chile held its production of copper steady in May versus the previous year even as the coronavirus outbreak exploded in the South American nation, according to data released on Thursday by State copper agency Cochilco. The fast-spreading pandemic in Chile has rattled... →
Codelco warns more restrictions on copper mines would be 'catastrophic' - report
By: Reuters 2nd July 2020 Chile's State-run Codelco, the world´s top copper producer, warned on Thursday any move to ramp up restrictions on its mines amid the coronavirus outbreak would be "catastrophic" for the country, the company´s chief executive said in an interview in a local daily newspaper. CEO Octavio Araneda... →
Teck Namibia to potentially gain 26.9% interest in Deep-South
By: Tasneem Bulbulia 2nd July 2020 TSX-listed Deep-South Resources and Teck Namibia, a wholly owned subsidiary of Teck Resources, have agreed to amend the sale agreement of February 2017, whereby Deep-South acquired Teck’s interest in the Haib Copper project, in Namibia. The sale agreement stipulated that Deep-South make cash... →
Covid kills 13 mineworkers, no foreigners back at work 
By: Martin Creamer 2nd July 2020 Thirteen mineworkers have now succumbed to the coronavirus, Minerals Council South Africa public affairs and transformation senior executive Tebello Chabana said on Thursday. Of the 13 who have died, seven were employed in platinum mining in North West province, which has the most cases at 1 413... →
Hydrogen-powered aviation preparing for takeoff – study
By: Martin Creamer 2nd July 2020 Hydrogen as an energy source will play a key role in transforming aviation into a zero-carbon/climate-neutral system over the next few decades, an independent study states in estimating that the first short-range hydrogen-powered demonstrator could be developed by 2028 if sufficient investments... →
Tritton beats full-year guidance
By: Esmarie Iannucci 2nd July 2020 The Tritton copper project, in New South Wales, has beaten production expectations for the 2020 financial year, ASX-listed Aeris Resources said on Thursday. The company noted that production for the full year reached 25 041 t, which was some 2% above the guidance of between 23 500 t and 24 500... →
Metals X looking for copper buyer
By: Esmarie Iannucci 2nd July 2020 ASX-listed Metals X has announced plans to divest of its entire copper asset portfolio, including the Nifty and Maroochydore copper projects, and the Paterson exploration project. Metals X on Thursday said that issues with shareholder APAC Resources Strategic Holdings, which demanded the removal... →
BHP scales back Cerro Colorado copper mine
By: Mariaan Webb 1st July 2020 Global miner BHP is scaling back its operations at Cerro Colorado, in Chile, with resizing measures to be implemented over the next four months. These measures will result in a reduced headcount and the company has started discussions with employees and contractors. The adjusted mine plan will... →
Cerro Colorado
Platinum group metals in pole position to benefit from global decarbonisation thrust
By: Martin Creamer 1st July 2020 Platinum group metals are in pole position to benefit from the fast-growing global decarbonisation momentum, Mining Weekly can today report. A multiplicity of global announcements are emerging daily that inextricably link platinum-catalysed hydrogen fuel cells as well as platinum-catalysed... →
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