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Copper News

First hydrogen station commissioned in Chile

Updated 6 hours ago Diversified major Anglo American last month announced its Chilean copper business making history by commissioning the country’s first green hydrogen station for zero carbon vehicles. This is another step towards achieving carbon neutrality by 2030 as a part of Anglo’s Sustainable Mining Plan... 

Orion welcomes IDC’s support at Okiep

By: Marleny Arnoldi     16th September 2021 South Africa’s Industrial Development Corporation (IDC) has indicated its intention to partner with JSE- and ASX-listed Orion Minerals on the development of the Okiep copper project, in the Northern Cape. As it stands, the IDC is a 43.75% shareholder in Southern African Tantalum Mining (Safta)... 

Grupo Mexico, Hudbay vie for $2bn Spanish miner

By: Bloomberg     16th September 2021 Conglomerate Grupo Mexico SAB and Canada’s Hudbay Minerals are among final bidders competing to acquire a Spanish copper miner from Trafigura Group, people with knowledge of the matter said. The parties made binding offers last week for Minas de Aguas Tenidas, which is known as Matsa and could... 

Codelco reaches labor agreement with union at small Salvador division

By: Reuters     16th September 2021 Chile's State-owned Codelco, the world's largest copper producer, said on Wednesday it had reached agreement on a labor contract with a union representing workers at its small Salvador division in northern Chile. The miner and the Benito Tapia Tapia union No. 6 signed a 36-month deal that... 

China calls for better reporting of mineral reserves for energy security

By: Reuters     15th September 2021 China has asked local governments and major oil companies to conduct a thorough survey of their mineral reserves as it seeks to provide more "dynamic" updates on the country's mineral wealth for the sake of its energy and economic security. The Ministry of Natural Resources urged provinces,... 

Saudi Arabia ‘very much open for business’, official tells mining event

By: Creamer Media Reporter      15th September 2021 Saudi Arabia is “very much” open for business, Vice-Minister of Mining Affairs Khalid Al-Mudaifer told the MINExpo International this week, outlining opportunities for investors, explorers, miners and service providers. Saudi has singled out mining to become the third pillar of the country’s... 

Ibhubesi Capital to take majority interest in Union Atlantic

By: Donna Slater     15th September 2021 JSE-listed base and technology metals miner Union Atlantic Minerals reports that the subscription of 194.36-million shares by investment company Ibhubesi Capital, has been implemented, with Ibhubesi providing a written undertaking to pay, by no later than September 30, a deposit in escrow of... 

Resources Watch  

15th September 2021 This week: Platinum demand strengthening; Shut Nkomati Nickel has good-grade, long-life underground potential; and, Botswana copper miner Khoemacau giving attention to ESG silver lining 

Resources Watch image
Resources Watch

Talon announces high grades at Minnesota nickel project

By: Creamer Media Reporter      15th September 2021 Toronto-listed Talon Metals on Wednesday announced record grades at its Tamarack nickel/copper/cobalt project, in Minnesota, with VP for exploration Brian Goldner saying that the project could be a vital source for the US electric vehicle battery supply chain. “Grade is ‘king’ in mining, and our... 

Chile trims copper price forecast as China slows

By: Bloomberg     15th September 2021 Chile, the biggest copper-producing country, trimmed its annual price forecast for the metal on slowing Chinese demand and prospects of an easing in US stimulus. The Chilean government’s copper commission, Cochilco, expects prices to average $4.20 a pound this year, according to a presentation... 

Mining companies launch International Mining Safety Hub to help reduce fatalities 

By: Creamer Media Reporter      15th September 2021 Various large mining companies have joined hands to launch the International Mining Safety (IMS) Hub – an online hub of industry-endorsed visual safety tools that allow for greater learning opportunities and improved safety for all levels of employees. "This is a collaboration by industry, for... 

A photo of a mineworker in a South African underground mine

Jubilee completes three transactions to expand Zambia tailings projects

By: Donna Slater     15th September 2021 Aim- and AltX-listed metals processing company Jubilee Metals Group has made significant further progress at its copper and cobalt tailings projects, in Zambia, with the successful execution of three strategic transactions. The transactions, worth a combined $24.77-million, include the Kitwe... 

BHP spent just half-a-day's profit looking for copper last year

By: Bloomberg     15th September 2021 Copper might be BHP Group’s most prized metal, but the world’s biggest mining company spent little more than it earned in an average 12-hour period last year exploring for new deposits. The company spent just $53-million looking for the metal last year, when it posted record profit of... 

An image of a copper roll.

South Africa’s junior mining dearth result of unintended consequence – AmaranthCX  

By: Martin Creamer     14th September 2021 South Africa’s junior mining dearth is a result of savings no longer flowing through to primary capital raising and stock exchange listings, as the Jacobs Committee expected them to do. The unintended consequence is that there are no longer small investors for small companies. This has negatively... 

Creamer Media screenshot of AmaranthCX director Paul Miller taken during Zoom interview.
AmaranthCX director Paul Miller interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Zambia says it will restore 'sanity' to rattled mining sector

By: Reuters     14th September 2021 Zambia's newly-appointed mines minister said on Tuesday that the government will ensure stability and predictability in the mining sector, seeking to allay fears of royalty hikes. Paul Kabuswe also said the government must root out corruption in mining, which is the engine of Zambia's economy. 

Outlook for metals improves – Moody’s

By: Tasneem Bulbulia     13th September 2021 Credit rating business Moody's Investors Service’s outlook for the global metals and mining industry changed to stable from positive with high prices expected to fade out throughout 2022. In a new report covering iron-ore, steel, coal, aluminium, gold, silver, nickel, copper and zinc, Moody's... 

China's Jiangxi Copper to develop Afghanistan copper mine when situation allows

By: Reuters     13th September 2021 China's Jiangxi Copper Co said on Monday that it and the Metallurgical Corp of China (MCC) are monitoring the situation in Afghanistan and will push forward with the Mes Aynak copper mine when they can. The company and MCC took on a 30-year lease for the mine in 2008, which has an estimated... 

An image of scenery in Afghanistan.

Northern Dynasty on Pebble: 'Politics interfere with scientific evidence'

By: Creamer Media Reporter      13th September 2021 Northern Dynasty president and CEO Ron Thiessen on Friday expressed his disappointment in the US Environmental Protection Agency’s (EPA’s) decision to file a motion for remand with vacatur in relation to a lawsuit brought by Trout Unlimited and other environmental groups against the EPA,... 

US House committee moves to block Rio Tinto's Resolution mine

By: Reuters     13th September 2021 A US House of Representatives committee has voted to include language in a wider budget reconciliation package that would block Rio Tinto from building its Resolution copper mine in Arizona. The San Carlos Apache tribe and other Native Americans say the mine would destroy sacred land where they... 

An image of mining infrastructure at Resolution in Arizona.

Strike threat lifted at BHP's Cerro Colorado mine after contract deal

By: Reuters     13th September 2021 A union at Chile's Cerro Colorado copper mine in Chile has struck a collective contract deal with mine operators BHP after five days of government-led mediation, the company said on Saturday in a statement. The agreement with Union No. 1 would be valid for 36 months and includes a series of... 

Lundin CEO Inkster to step down

By: Creamer Media Reporter      10th September 2021 Base metals producer Lundin Mining on Thursday announced that CEO Marie Inkster would leave the company at the end of the year for personal reasons and that Peter Rockandel had been selected as her successor. Inkster joined Lundin in 2008 and served as CFO for ten years before being appointed... 

Biden administration moves to permanently block Pebble as new PEA outlines project's long-term potential

By: Mariaan Webb     10th September 2021 The Biden administration will relaunch a process that could permanently ban the development of the contentious Pebble mine in Alaska’s Bristol Bay watershed, which is home to North America’s most productive salmon fisheries. According to news reports, the Department of Justice asked in an Alaska... 

Biden administration moves to permanently block Pebble as new PEA outlines project's long-term potential

Coal-fired plant achieves five years of supply

10th September 2021 Zambia’s largest coal-fired thermal power plant, owned by coal mining company Maamba Collieries Limited (MCL) and located in the Sinazongwe district, in the Southern province, last month celebrated five years since its commissioning and start of supply to the national grid.  

President Hichilema raises fresh hope for Zambia’s mining industry

By: Tasneem Bulbulia     10th September 2021 Hakainde Hichilema's triumph over incumbent President Edgar Lungu in last month's general elections has kindled much optimism that better fortunes are in store for Zambia's copper-heavy mining industry, which had a stunted performance under the previous administration. Africa Practice CEO Marcus... 

Cover image

Copper miner celebrates silver jubilee

10th September 2021 Around 25 years ago, the company that would grow to become one of Zambia’s largest copper miners – First Quantum Minerals (FQM) – was born, as it was during the privatisation era of the 1990s that the FQM CEO and chairperson Philip Pascall and local businessman Lamaswala Kwalela decided to... 

Solutions aid decentralisation

10th September 2021 International Internet of Things (IoT) solutions company, Instacom, has increased its international footprint to Zambia, introducing reliable solutions for the mining industry. 

Election result ignites opportunity to participate in supercycle

By: Claire O'Reilly     10th September 2021 With copper in the midst of a supercycle, and the recent ousting of Zambian President Edgar Lungu and the election of President elect Hakainde Hichilema, the potential for rapid reform to increase production and “seize what remains of the super cycle, should not be overlooked”, says law firm... 

House set to advance offshore drilling ban in $31bn bill

By: Bloomberg     9th September 2021 Congressional Democrats are poised to advance sweeping legislation to combat climate change that would, if the Senate goes along, block drilling in most US offshore waters and invest tens of billions of dollars in resilience measures. The bill, set to be approved by the House Natural Resources... 

House set to advance offshore drilling ban in $31bn bill

Biden administration waiting for legal opinion before Twin Metals decision

By: Reuters     9th September 2021 US Agriculture Secretary Tom Vilsack said on Wednesday he is waiting for a legal opinion before deciding whether to approve Minnesota's Twin Metals copper mining project, which labor unions support but environmentalist strongly oppose. "We continue to wait for the Department of the Interior.... 

An image of Tom Vilsack speaking at a White House briefing
US Agriculture Secretary Tom Vilsack

Trilogy says Arctic copper timeline intact despite drilling challenges

By: Mariaan Webb     8th September 2021 Drilling productivity at the Arctic project, in north-western Alaska, is behind schedule, owing to adverse weather conditions in the district and challenges in fully staffing the exploration programme, says TSX- and NYSE American-listed Trilogy Metals. The project forms part of the Upper Kobuk... 

Shut Nkomati Nickel has good-grade, long-life underground potential – ARM  

By: Martin Creamer     8th September 2021 The large underground resource that remains at the shut Nkomati Nickel mine in Mpumalanga provides optionality depending on market conditions, says African Rainbow Minerals (ARM) CEO Mike Schmidt. The Nkomati mine, located near Machadodorp, has been on care-and-maintenance since March as the... 

Creamer Media screenshot of Mike Schmidt when he was presenting ARM's financial results in September 2021
African Rainbow Minerals CEO Mike Schmidt reports on Nkomati Nickel covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Zambia names new mines minister, c.bank governor resigns

By: Reuters     8th September 2021 Zambian President Hakainde Hichilema on Tuesday announced the appointment of lawmaker Paul Chanda Kabuswe as the country's new minister of mines and minerals and said central bank governor Christopher Mvunga had resigned. Kabuswe, member of parliament for Chililabombwe in Zambia's northern... 

Chile copper exports soar in August on high prices

By: Reuters     7th September 2021 Chilean copper exports soared 40.5% in value in August from a year earlier amid high global prices for the red metal, the central bank said on Tuesday. The price of copper - a key metal in construction and electric vehicle manufacturing - hit record highs earlier this year and has remained... 

Kamoa-Kakula nears completion of Phase 1 ramp-up

By: Marleny Arnoldi     7th September 2021 TSX-listed Ivanhoe Mines and Zijin Mining Group’s joint Kamoa-Kakula project, in the Democratic Republic of Congo, produced 14 815 t of copper in August, bringing the year-to-date production to more than 36 700 t. The company is ramping up the mine’s 3.8-million-tonne-a-year Phase 1... 

Extractives sector moves to turn the tide on corruption

By: Creamer Media Reporter      7th September 2021 Governments, business and civil society are uniting in the fight against corruption in the extractives sector, demonstrating support and commitment for beneficial ownership transparency. The Extractive Industries Transparency Initiative (EITI) reports that anonymous ownership of companies can be... 

A photo of an openpit mining operation

Botswana copper miner Khoemacau giving attention to ESG silver lining  

By: Martin Creamer     7th September 2021 Khoemacau Copper Mining of Botswana, which is ramping up to nameplate throughput of 3.65-million tonnes a year, is also giving attention to environmental social and governance (ESG) matters that include considerable renewable energy generation and promising community development initiatives. In... 

Picture from Cupric Canyon Capital and Khoemacau Copper Mining CEO Johan Ferreira
Cupric Canyon Capital CEO Johan Ferreira interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Prominent Hill restarts

By: Esmarie Iannucci     7th September 2021 Mining operations at the Prominent Hill copper mine, in South Australia, are progressively resuming following a fatality over the weekend. ASX-listed Oz Minerals on Tuesday told shareholders that the staggered resumption of surface operations began on Monday afternoon and, following discussions... 

Russian arctic mining project to be powered by nuclear energy

By: Rebecca Campbell     6th September 2021 Russian civil nuclear shipping and floating nuclear power plant company Atomflot, part of the State-owned Rosatom nuclear group, has signed a preliminary agreement with mining company GDK Baimskaya to provide four small modular reactors (SMRs) to power the miner’s Baimskaya copper and gold... 

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