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Copper News

Residents end blockade of Las Bambas mine road, agree to dialogue

By: Reuters     23rd June 2022 A community in Peru's Andes mountains on Wednesday suspended their blockade of a highway used by MMG Ltd's Las Bambas copper mine, agreeing to negotiate with the government and the company over the road's use, one of the community's leaders said. "It is a truce that will last until Wednesday of... 

Codelco resumes operation despite strike, government says

By: Reuters     22nd June 2022 Chile's State-owned Codelco, the world's largest copper producer, is operational and has taken measures to continue operations despite a national strike by workers that started early Wednesday, according Chile's Finance Minister. Chile's Finance Minister Mario Marcel told a news conference that... 

Zambians must benefit more from mining, minister says

By: Reuters     22nd June 2022 Zambia needs to hold a bigger stake in new mines and local communities should benefit more from the mineral values chain, mines minister Paul Kabuswe said on Wednesday. "This government is saying Zambians must be an integral part of whatever investment. We can no longer sit in the terraces and... 

Minnesota Court of Appeals dismisses challenge to PolyMet air permit

By: Mariaan Webb     22nd June 2022 The Minnesota Court of Appeals on Tuesday granted PolyMet's motion to dismiss the last remaining challenge to the proposed nickel mine’s air permit. According to TSX- and NYSE American-listed PolyMet Mining, the court agreed with the company that the case should be dismissed because project... 

Orion Minerals sets A$20m raising target

By: Esmarie Iannucci     22nd June 2022 Copper developer Orion Minerals on Wednesday announced plans to raise up to A$20-million in a three-tranche share placement to sophisticated and professional investors. Orion has already received firm commitments for the first two tranches, which will raise a combined near A$6-million. 

Codelco workers in Chile to start national strike on Wednesday - union

By: Reuters     21st June 2022 Workers at Chile's state-owned Codelco announced on Monday they will start a nationwide strike early Wednesday in protest of the government and company's decision to close a troubled smelter, the president of the union federation told Reuters. "We are going to start on Wednesday in the first... 

Codelco workers in Chile to start national strike on Wednesday - union

Codelco to close Ventanas smelter

By: Reuters     20th June 2022 Chile's State-owned Codelco, the world's largest copper producer, agreed on Friday to start the process of closing its troubled Ventanas smelter, the company said. Workers had threatened action, including a strike, if the board did not invest to upgrade the facility after an environmental... 

Codelco unions ready strike after troubled Chile smelter shuttered

By: Reuters     20th June 2022  Workers at Chilean state-owned miner Codelco, the world's largest copper producer, said on Saturday they will start preparations for a national strike after the firm announced the closure of the troubled Ventanas smelter. Unions had threatened to strike for the past week if the Codelco board... 

Green hydrogen’s business case significantly strengthened, summit hears 

By: Martin Creamer     17th June 2022 Green hydrogen, when earlier identified as a necessary clean energy source to help the world achieve net-zero emissions in the coming decades, was higher up the cost curve than fossil fuels. Now that has changed with this week’s Financial Times Hydrogen Summit emphasising that green hydrogen’s... 

Creamer Media screenshot
FT Hydrogen Summit panel discussion.

European fund for critical minerals projects to launch next year

By: Reuters     17th June 2022 A European fund to invest in critical minerals needed for a transition to zero carbon emissions is seeking billions of euros of public and private money for a launch early next year, an official working with an EU initiative on the project said. Europe and the United States have been scrambling... 

Copper up ahead of possible Chile strike

By: Reuters     17th June 2022 Copper prices recovered slightly on Friday on the prospect of a strike in the world's biggest copper producer Chile and signs of improvement in top buyer China's economy. Three-month copper on the London Metal Exchange added 0.4% to $9 107/t by 10:15 GMT after slumping by 1.7% on Thursday. It... 

Glencore’s Raglan resuming some operations, but impasse persists

By: Mariaan Webb     17th June 2022 The Raglan nickel and copper mine, in Quebec, is gradually resuming certain operations from Friday, but diversified major Glencore reported that a wage negotiation impasse continued to persist. The company suspended production at Raglan in late May after 630 unionised workers went on strike.... 

The Raglan mine in Quebec
The Raglan mine in Quebec

Chile tax reform, mining royalty 'priority number one,' Minister says

By: Reuters     17th June 2022 Chile's government is set to push forward its tax reform plans, including a bill on mining royalties, by the end of this month, a top cabinet member to President Gabriel Boric told Reuters, legislation that could impact the world's top copper producer. Giorgio Jackson, a former student leader... 

Battery metal buzz counters financial market angst at mining’s big show

By: Bloomberg     16th June 2022 The turmoil that rocked financial markets this week has done little to shake the optimism around global mining, if the signs of exuberance on display at one of the industry’s biggest gatherings in years are to be believed. Thousands of people from all areas of the industry converged at the... 

An image of attendees at the Prospectors & Developers Association of Canada (PDAC) conference in Toronto, Ontario, Canada, on Tuesday, June 14, 2022
Attendees at the Prospectors & Developers Association of Canada conference in Toronto this week.

Anglo American to stop using fresh water at Los Bronces mine in Chile by 2030

By: Reuters     16th June 2022  Mining giant Anglo American said on Wednesday that it planned to stop using fresh water at its Los Bronces copper mine in Chile by 2030, instead switching to desalinated and recycled water amid a protracted drought in the Andean country. The miner is trying to convince a government committee,... 

Moody's warns Chile constitution uncertainty could hit mining investment

By: Reuters     16th June 2022 Investment in Chile's mining sector could face gridlock if political uncertainty over a new constitution is not resolved, ratings agency Moody's said on Wednesday, a reflection of industry concerns in the world's top copper producing nation. Chile is redrafting its market-orientated constitution... 

Codelco workers keep strike threat due to lack of smelter investment

By: Reuters     16th June 2022 Workers at Chilean state-owned Codelco, the world's largest copper producer, maintained the threat of a strike on Wednesday if a solution was not reached on investments required by a troubled smelter. While workers said on Tuesday they would wait for an announcement during a congressional... 

Cobre makes a move on Metal Tiger's Kalahari exploration vehicle

By: Esmarie Iannucci     16th June 2022 ASX-listed Cobre has struck a share purchase deed with fellow-listed Metal Tiger to acquire take full ownership of the Kalahari Metals (KML) exploration vehicle. Cobre holds a 51% stake inKML, which controls some 8 595 km2 of tenements within the Kalahari copper belt, in Botswana.The tenement... 

Zambia's ZCCM-IH hires Rothschild & Co for Mopani Copper Mines restructuring

By: Reuters     15th June 2022 Zambian mining investment firm ZCCM-IH has hired investment bank Rothschild & Co for a strategic review of Mopani Copper Mines "to ensure its sustainability and continued development", the state-owned company said on Wednesday. In April, ZCCM-IH said it was seeking a financial adviser to... 

PwC suggests miners use 2021 gains to prepare for critical minerals future

By: Marleny Arnoldi     15th June 2022 Although the world’s top 40 mining companies demonstrated stellar financial results in 2021, it is unclear how long this record run can continue, since the industry is experiencing unprecedented change, says PwC. The enterprise services and advisory company finds in its ‘Mine 2022’ report that... 

PwC energy, utilities and resources leader Andries Rossouw
PwC energy, utilities and resources leader Andries Rossouw

ESG provides profitable returns from smart capital allocation – analyst

By: Martin Creamer     15th June 2022 Environmental, social and governance (ESG) frameworks not only help businesses and the communities in which they operate but can also generate positive returns as mining companies reduce operating expenses and receive favourable investor interest and cheaper finance. When it comes to ESG, the... 

Picture supplied.
Nedbank mining equity analyst Arnold van Graan.

Kefi advances Tulu Kapi project in anticipation of full project construction after October

By: Donna Slater     15th June 2022 Aim-listed gold and copper explorer and developer Kefi Minerals remains on track with the development of multi-party project financing activities and the early development works of its Tulu Kapi Gold Mines Share Company joint venture project in Ethiopia. Kefi has maintained the full funding... 

Arc Minerals starts two-part exploration programme in Botswana

By: Marleny Arnoldi     15th June 2022 London-listed Arc Minerals has started a maiden exploration programme at the prospective Virgo copper/gold project, in Botswana. The first step of the programme involves soil geochemistry surveying, which will be followed by drilling.  

Antofagasta sees FY copper output at bottom-end guidance

By: Creamer Media Reporter      15th June 2022 London-listed Antofagasta has started repairs to the concentrate pipeline at Los Pelambres, in Chile, with access restrictions partially eased. The copper miner said on Wednesday that the pipeline should be back in operation by the end of the month. 

Workers at Chile's Codelco threaten strike over lack of smelter investment

By: Reuters     15th June 2022  Workers at Chilean state-owned Codelco, the world's largest copper producer, threatened on Tuesday to go on a company-wide strike due to a lack of investment at the mining firm's troubled Ventanas smelter and refinery. Codelco said last week it paused operations at its Ventanas smelter and... 

Palladium One buys Yukon property once explored by Falconbridge 

By: Creamer Media Reporter      14th June 2022 TSX-V-listed Palladium One Mining has acquired the Canalask nickel/copper/platinum group elements (PGE) project beside the Alaska highway,  in the Whitehorse mining district of Yukon, from Victoria Gold. The company said its geological team, comprising of experts in sulphide nickel/copper/PGE... 

Copper’s outlook under threat as economic risks pile up

By: Bloomberg     14th June 2022 Copper is under assault from various risks that threaten to undermine the prospects of the key metal needed to wean the world off of fossil fuels, according to CRU Group’s Vanessa Davidson. Threats include “the possibility of lower GDP or industrial production triggered by geopolitical risks,... 

Copper’s outlook under threat as economic risks pile up

Argentina offers tax sweeteners to encourage fledgling copper sector

By: Reuters     14th June 2022 Argentina said on Monday it would introduce a new optional tax regime for copper producers that could potentially lower export duties in an effort to jumpstart national production. The measure, announced by Economy Minister Martin Guzman at a mining forum, follows conversations with provinces... 

AEX Gold establishes JV for strategic minerals in Greenland

By: Mariaan Webb     13th June 2022 Dual-listed AEX Gold is setting up a joint venture (JV) focusing on strategic minerals in Greenland, a region which CEO Eldur Olafsson says is “one of the few remaining under-explored frontiers” for minerals vital for the global energy transition. He notes that the western world is in short... 

Bluejay proposes separate listing of Greenland's Disko

By: Mariaan Webb     13th June 2022 Aim- and FSE-listed Bluejay Mining on Monday announced that it planned to demerge and separately list Disko Exploration, which holds several Greenland assets, including a project that is in a joint venture (JV) with a company backed by billionaires Jeff Bezos and Bill Gates. The proposed... 

Greenland has become the new front for critical metals exploration.
Greenland has become the new front for critical metals exploration.

Recycling not sufficient to supply EV demand - Woodmac

By: Esmarie Iannucci     13th June 2022 Lithium-ion battery recycling alone will be unable to meet global demand for battery raw materials, researcher Wood Mackenzie (Woodmac) said. The electrification of the transportation sector has caused a boom in demand for lithium-ion batteries, and global cumulative lithium-ion battery... 

Glencore to automate drilling in first phase of digital mining journey 

By: Martin Creamer     13th June 2022 Diversified mining and marketing company Glencore is to convert surface drills in Chile to autonomous operation as part of the first phase of a digital mining journey. Glencore's Compañía Minera Lomas Bayas copper mine in the Atacama Desert, northern Chile – which extracts low-grade copper oxide... 

Picture provided by Flanders
Glencore to convert surface drills to autonomous operation in Chile.

Transition Metals hoping to find partners for 10 projects at PDAC

By: Creamer Media Reporter      13th June 2022 Multi-commodity project generator Transition Metals is hoping to find business arrangements for ten of its projects at the Prospectors and Developers of Canada (PDAC) conference in Toronto, which starts on Monday. The projects on offer boast gold, nickel, copper, platinum group metals, copper... 

Chile government to consider copper producers' cost variations in new royalty bill

By: Reuters     13th June 2022 The disparity in costs faced by different copper mining companies in Chile will be taken into account in an industry-wide royalty planned by the government to help finance its ambitious social agenda, the undersecretary of Mining said on Friday. A study by the national Chilean Copper Commission... 

Chile and Ecuador restart copper talks after yearslong impasse

By: Bloomberg     13th June 2022 After a yearslong deadlock, Ecuador and Chile have resumed negotiations over a partnership to develop a major copper deposit just as demand for the wiring metal is set to surge in a nascent clean-energy transition. Chile’s state copper producer Codelco agreed to a request by its Ecuadorian... 

An image of Ecuador Energy and Mines Minister Xavier Vera
Ecuador Energy and Mines Minister Xavier Vera

Future metals beneficiation bonus on way for already hugely endowed Northern Cape 

By: Martin Creamer     10th June 2022 Modern technology and global decarbonisation demand is positioning South Africa’s already incredibly well-endowed Northern Cape with big beneficiation bonanza potential, in addition to being a green minerals, green metals and green energy haven. Rapidly developing clean beneficiation technology... 

Creamer Media screenshot.
Future-facing metals in abundance in Northern Cape.

Copper wilts on renewed China lockdowns and recession fears

By: Reuters     10th June 2022 Copper prices extended their decline on Friday as investors fretted over the prospect of weak economic growth hitting metals demand after renewed Covid-19 lockdowns in China and increases to interest rates. Three-month copper on the London Metal Exchange (LME) fell 0.3% to $9 583.50 a tonne by... 

China Moly denies Congo administrator takes over its Tenke copper-cobalt mine

By: Reuters     10th June 2022 There has been no change in control of Tenke Fungurume Mining, majority owner China Molybdenum said on Friday, contradicting a state mining company official who said a temporary administrator had taken control of the world's second-largest cobalt producer. The secretary-general of Congo's state... 

The copper processing facilities at the Tenke Fungurume operation.
The copper processing facilities at the Tenke Fungurume operation.
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