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Copper News

Billionaire’s seized mines pose quandary for new Zambian leader

By: Bloomberg     27th May 2022 Zambia’s new business-friendly president faces a dilemma: risk a political backlash by returning mining shafts seized from an Indian company his mines minister once labeled as the nation’s worst-ever investor, or prolong a three-year legal dispute over one of its most important assets. Hakainde... 

Botswana mining sector on the rebound

By: Halima Frost     27th May 2022 The Botswana mining sector is on the rebound, following the onset of the Covid-19 pandemic, as well as the sustained period of subdued commodities prices from 2015 to 2019, industry organisation Botswana Chamber of Mines CEO Charles Siwawa tells Mining Weekly. He adds that the rebound can be... 

A large uncut diamond on a bed of black kimberlite from a mine in Botswana
DIAMOND IN THE ROUGH The mining sector in Botswana holds great potential for investors according to the Botswana Chamber of Mines

South Africa must reform its regulatory environment, make itself investor-friendly – simple  

By: Martin Creamer     26th May 2022 South Africa must reform its regulatory environment and make itself investor-friendly – simple. That is the straight-forward view of Dr Mathews Phosa, who was speaking to Mining Weekly in his capacity as the non-executive vice-chairperson of the high-flying Jubilee Metals Group plc, a London Aim-... 

Picture supplied
Jubilee's Dr Mathews Phosa interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Copper extends losses on fears of a global recession

By: Reuters     26th May 2022 Copper prices fell for a third day in a row on Thursday and tin slumped to a one-week low as a gloomy economic outlook for top metals consumer China fanned concerns about a global recession, though a soft US dollar lent some support. Three-month copper on the London Metal Exchange was down 0.3%... 

Copper extends losses on fears of a global recession

Jubilee appoints Oliveira as successor to chair Bird

By: Marleny Arnoldi     26th May 2022 Aim- and AltX-listed Jubilee Metals has appointed Manuel Lino Silva de Sousa Oliveira (Ollie) as independent nonexecutive director, effective immediately, and as independent nonexecutive chairperson, effective June 1. He will succeed nonexecutive chairperson and founder Colin Bird, who decided... 

Luke Norman appointed US Gold chair

By: Creamer Media Reporter      26th May 2022 Exploration and development company US Gold cofounder Luke Norman has been appointed chairperson of the company, following a board resolution to increase its size from five to six members. George Bee, who has held the chairperson position since March 2021, will remain as president and CEO of US... 

Hydrogen can be stored in existing fossil fuel infrastructure for years, world webinar hears 

By: Martin Creamer     26th May 2022 Hydrogen can be stored in existing fossil fuel infrastructure for years if need be, giving it the potential to become a universal energy carrier in the same way as oil is now but without the environmental impact, World Hydrogen Leaders webinar heard this week. Allowing hydrogen to make use of... 

Picture provided.
Hydrogenious LOHC Technologies strategy and implementation head Dr Andreas Lehmann.

Commodities in 'perfect storm' says ERG, as crisis starts super cycle

By: Reuters     26th May 2022 Years of under-investment in mining of metals essential to energy transition, supply shocks and high energy prices will continue to drive commodity prices higher, Eurasian Resources Group (ERG) CE Benedikt Sobotka said on Wednesday. Combined with Covid-related logistical issues and demand for... 

Growth worries push copper prices lower

By: Reuters     25th May 2022 Prices of copper and most other industrial metals fell on Wednesday on concerns that slowing economic growth and Covid-19 lockdowns in top consumer China would depress demand. Benchmark copper on the London Metal Exchange (LME) was down 1.5% at $9 310 a tonne at 11:28 GMT. 

Platinum-boosted South African hydrogen electrolyser leaps ahead  

By: Martin Creamer     25th May 2022 The proof-of-concept of the platinum group metals-boosted advanced alkaline electrolyser – the AAE ­– has been successfully completed by Hydrox Holdings of Randburg in a pioneering achievement that offers the potential for South Africa to enter the fray as world demand for hydrogen electrolysers... 

Creamer Media photographer.
Hydrox CEO Corrie de Jager interviewed by Mining Weekly’s Martin Creamer.

Severe global battery shortage likely post 2025, GlobalData forecasts

By: Schalk Burger     25th May 2022 Extraction of raw materials will not meet soaring battery demand unless capital markets change course in the face of environmental, social and governance pressures and invest heavily in new mines, says business data and analytics company GlobalData in its 'Batteries – Thematic Research' report.... 

Hudbay receives favourable court decision for Copper World

By: Creamer Media Reporter      25th May 2022 Dual-listed Hudbay Minerals has received a favourable decision form the US District Court for Arizona relating to its Copper World project. The court ruled in favour of Hudbay on all issues, including that Copper World and Rosemont are not connected under the National Environmental Policy Act... 

Peru community sees 'progress' in resolving Las Bambas mine standoff

By: Reuters     25th May 2022 The leader of a Peruvian indigenous community, whose protest led MMG's Las Bambas copper mine to suspend operations over a month ago, said on Tuesday that "progress" has been made toward a solution to the crisis. "We are moving forward thinking about the country at large, for the good of the... 

Billionaire Friedland files to take Ivanhoe Electric public

By: Bloomberg     25th May 2022 Billionaire Robert Friedland is joining efforts to help America reduce its dependence on China for supplies of critical minerals like copper that are used in everything from batteries to electric cars. Ivanhoe Electric is seeking a listing on the NYSE American and Toronto stock exchanges under... 

Glencore settles most bribery, manipulation investigations 

By: Martin Creamer     25th May 2022 Diversified mining and marketing company Glencore on Wednesday announced the settlement of most of its bribery and market manipulation investigations. This follows almost four years of investigations and a serious environmental social and governance (ESG) overhang over the group, 

Picture supplied
Glencore CEO Gary Nagle.

African Pioneer starts Ongombo drilling, historic core re-sampling

By: Donna Slater     24th May 2022 Explorer and developer African Pioneer has started a 25- to 30-hole shallow diamond drilling programme on the Ongombo project in Namibia, with six holes thus far intersecting “encouraging” sulphide mineralisation with chalcopyrite at shallow depths. With projects also in Botswana and Zambia,... 

Chile to cushion the blow of glacier ban on giant copper mines

By: Bloomberg     24th May 2022 Chile’s government is looking at a gradual implementation for a proposed ban on mining near glaciers in order to limit the impact on some of the world’s biggest copper mines and their planned projects high in the Andes. In an interview Monday, Mining Minister Marcela Hernando identified about 20... 

Chile to cushion the blow of glacier ban on giant copper mines

Two employees of mining contractor Barminco killed in accident at Khoemacau

By: Darren Parker     23rd May 2022 Two employees of Australian mining contractor Barminco died in an underground incident at copper miner Khoemacau Copper Mining’s operations, in Botswana, on May 20. On May 21, Khoemacau said investigations into the cause of the accident were ongoing. 

Khoemacau CEO Johan Ferreira
Khoemacau CEO Johan Ferreira

Peru's Castillo shuffles Cabinet again; replaces mining minister

By: Reuters     23rd May 2022 Peru's President Pedro Castillo shuffled his Cabinet on Sunday, including replacing the interior minister and the important mining minister amid rising tensions over protests in the world's second largest copper producing country. Castillo has shuffled his ministerial team multiple times since... 

Gold Fields confirms enviro compliance work under way at Salares Norte following fox deaths

By: Marleny Arnoldi     20th May 2022 JSE- and NYSE-listed Gold Fields has confirmed that the death of three foxes occurred at its Salares Norte gold/copper project, in Chile. The country’s environmental regulator has since issued some compliance orders to be adhered to.  

Gold Fields' Salares Norte project under construction
Gold Fields' Salares Norte project under construction

Gold Fields subsidiary plans to buy stock in Peru-focused mining company

By: Marleny Arnoldi     20th May 2022 TSX-V-listed Chakana Copper Corporation has announced a private placement of up to 63-milllion units of the company at a price of C$0.11 apiece, for gross proceeds of up to C$7-million. Each unit will comprise one common share in the capital of the company and one-half of one common share... 

EIA for Atico's La Plata project approved

By: Creamer Media Reporter      20th May 2022 Base and precious metals miner Atico Mining Corporation has received approval of the environmental-impact assessment (EIA) for the construction and operation of its La Plata mining project in Ecuador. The company notes that the project has been identified by Ecuador President Guillermo Lasso as a... 

Peru fails yet again to broker truce allowing MMG's Las Bambas mine restart

By: Reuters     20th May 2022 Peru's prime minister on Thursday failed to broker a deal with indigenous communities to allow for the restart of operations at MMG Ltd's Las Bambas copper mine, the government's fourth failed negotiation attempt. Chinese-owned Las Bambas is one of the world's largest copper mines, accounting... 

Develop completes Woodlawn purchase

By: Esmarie Iannucci     20th May 2022 ASX-listed Develop has completed the A$100-million acquisition of the Woodlawn zinc/copper project, in New South Wales. Develop on Friday announced it had completed the purchase of all shares in Heron Resources, under the terms of a deed of company arrangement (DOCA) and orders of the Supreme... 

Copper miner ranked sixth-largest producer globally

20th May 2022 TSE-listed global metals and mining company First Quantum Mineral (FQM), which operates the Kansanshi mine and smelter, in Solwezi, and the Sentinel mine, in Kalumbila, in Zambia’s North-Western province, has been ranked the sixth-largest copper producer in the world. Mining commodities data... 

An image of the Sentinel mine
Photo by First Quantum Minerals
CURTAILED COPPER CROP Sentinel’s copper production of 52 475 t for the first quarter of this year was 7 722 t lower than the fourth quarter of 2021, while Kansanshi’s copper production of 41 899 t was about 10 000 t lower

Cobalt development an exciting prospect

By: Tracy Hancock     20th May 2022 While copper is still the main commodity driving reagent demand in Zambia, mining reagent manufacturer and supplier Axis House MD Justine Stubbs is also excited by the prospects presented by the country’s largely unexplored and unexploited cobalt reserves. Along with copper, of which Zambia is... 

An image of Axis House's laboratory with a chemical reaction occurring in the foreground
MARKET DEMANDS There has been a big drive to reduce the hazardous nature of reagents

OEM supporting sustainable Zambian mining

By: Tracy Hancock     20th May 2022 As Zambian mines move to adopt more sustainable mining practices, the reduction of energy use, water consumption and carbon emissions – as per global mining trends – is a significant priority, says original-equipment manufacturer (OEM) Weir Minerals Africa Rest of Africa sales director Pieter van... 

An image of three employees in the Kitwe warehouse
KITWE WAREHOUSE Weir Minerals Africa keeps extensive stock of fast-moving wet-end components at its Zambian warehouse to support the Weir product footprint across the country

Significant infrastructure agreement signed

20th May 2022 Project management firm GED Africa, the Democratic Republic of Congo (DRC) Ministry of Infrastructure, and DRC building firm Agence Congolaise des Grands Travaux finalised the 25-year concession agreement (CA) outlining the infrastructure development requirements of the DRC segment of the GED... 

An image of GED Africa Tamás Jászberényi and DRC Infrastructure Minister Gizaro Muvuni Alexis shaking hands during the signing ceremony
ROUTE TO DEVELOPMENT The signing of the concession agreement between GED Africa and DRC Ministry of Infrastructure is a step towards creating trading links to Zambia and the international Port of Dar es Salaam to support sectoral development in mining and agriculture

Refinery project makes headway in Zambia

By: Tracy Hancock     20th May 2022 The ramp-up of the copper oxide and copper sulphide circuit at the Project Roan copper concentrator near Kitwe, in Zambia, was scheduled to start this month, according to diversified metal recovery business Jubilee Metals’ interim results for the six months ended December 31, 2021. Project Roan –... 

An image of the Roan processing facility construction site
READYING ROAN The Roan concentrator will have the ability to produce an additional 10 000 t/y of copper

Critical mineral demand of order of magnitude never seen – Sheila Khama  

By: Martin Creamer     19th May 2022 "My genuine sense is that we are going to see a growth in the mining sector of an order of magnitude we haven't seen. I also think that we're going to find that the need for minerals is going to force the world to think that if we can't get minerals on our shore, where else do we get them from? 

Picture supplied
Mining stalwart Sheila Khama spoke to Mining Weekly’s Martin Creamer on critical metals. Video: Darlene Creamer.

Rio Tinto signs up for Lion Copper’s Nevada project

By: Mariaan Webb     19th May 2022 TSX-V-listed Lion Copper and Gold has secured Rio Tinto’s backing for the Mason Valley project, where it last week also initiated the environmental permitting process with the US Bureau of Land Management as a first stop in formalising permitting efforts.   The parties on Wednesday announced an... 

Chile's top court puts Dominga mining project decision on Boric admin

By: Reuters     19th May 2022 Chile's top court on Wednesday turned down appeals filed by communities and environmentalists against the controversial Dominga mining project, saying a final decision needs input from President Gabriel Boric's administration. Last year, environmentalists and surrounding communities appealed a... 

Manganese mine rail-loading boost being assessed by South32 

By: Martin Creamer     19th May 2022 Diversified mining company South32 is assessing the potential expansion and modernisation of rail loading infrastructure at its Wessels manganese mine in South Africa’s Northern Cape, says South32 CEO Graham Kerr. Kerr, who presented at the Bank of America Global Metals, Mining & Steel Conference... 

Slide screenshot.
Accelerated operational decarbonisation.

Rio agrees to Turquoise Hill funding amendments

By: Esmarie Iannucci     19th May 2022 Major Rio Tinto has agreed to amend a funding plan with Turquoise Hill Resources (TRQ) in order to provide liquidity of up to $400-million in short-term early advances, while TRQ evaluates a takeover offer from the mining giant. A Special Committee of TRQ is currently evaluating Rio’s C$34 per... 

Rio agrees to Turquoise Hill funding amendments

Collaboration needed to make South African mining globally competitive again – CSIR 

By: Martin Creamer     18th May 2022 Concern about mineral resource scarcity is widespread and, at the same time, many countries, such as Australia, Canada and China, are investing significantly in strengthening their mining-related research, development and innovation (RDI) capabilities. “This makes cost and differentiation... 

Picture supplied.
CSIR CEO Dr Thulani Dlamini

Copper prices slip on lingering global slowdown worries

By: Reuters     18th May 2022 Copper prices fell on Wednesday, as bets of big US rate hikes following hawkish comments from Federal Reserve officials, and a recent batch of weak economic readings from China put focus back on global economic growth concerns. Benchmark three-month copper on the London Metal Exchange (LME) was... 

Minto Metals signs offtake extension agreement with Sumitomo

By: Creamer Media Reporter      18th May 2022 TSX-V-listed Minto Metals has entered into an offtake extension agreement with Japan’s Sumitomo, which has agreed to buy all the copper concentrate produced at the Minto mine, in Yukon, for an additional four years. The agreement is for 50 000 dmt/y of concentrate and will be effective  until... 

South32 targets 20% output growth by 2023

By: Esmarie Iannucci     18th May 2022 Diversified miner South32 is expecting production volumes to grow by nearly 20% in the next financial year, compared with its 2021 production levels. CEO Graham Kerr told delegates at the Bank of America Global Metals, Mining & Steel Conference that the growth in output targeted for 2023 would... 

An image of South32 CEO Graham Kerr
South32 CEO Graham Kerr
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