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Copper News

Group Ten changes name to Stillwater Critical Minerals

By: Mariaan Webb     10th June 2022 TSX-V-listed Group Ten Metals is rebranding to Stillwater Critical Minerals to reflect the potential its sees in the iconic and famously productive Stillwater mining district of the Montana, US. The company’s flagship project is the Stillwater west project, which hosts eight metals – nickel,... 

Peru communities to allow Las Bambas mine restart after 51-day shutdown

By: Reuters     10th June 2022 A group of indigenous Peruvian communities on Thursday agreed to temporarily lift a protest against MMG's Las Bambas copper mine that forced the company to halt operations for more than 50 days, the longest in the mine's history. According to meeting minutes signed on Thursday afternoon, the... 

Small remaining equity needed for restart of rich old copper mine in Northern Cape 

By: Martin Creamer     9th June 2022 A mine that produced some of South Africa’s best copper and zinc concentrates back in the day is capable of being brought back into production in 19 months after reconstruction go-ahead. Only a very little portion of equity is still required for the restart of the Prieska copper/zinc mine, which... 

Creamer Media screenshot
Where Orion Minerals is developing mines.

South32 and Trilogy JV kicks off Alaska summer field programme

By: Mariaan Webb     9th June 2022 Ambler Metals, the joint venture between South32 and Trilogy Metals, has begun mobilisation for the upcoming exploration field programme at the Upper Kobuk Mineral Projects (UKMP), in north-western Alaska. The owners of Ambler have approved a $26.2-million budget for the advancement of UKMP,... 

M&R's Mining platform achieves strong recovery, order book at pre-pandemic levels

By: Schalk Burger     8th June 2022 Engineering and mining contracting firm Murray & Roberts’ (M&R’s) Mining platform says its order book has recovered to pre-pandemic levels. M&R Mining Platform CEO Mike da Costa adds that the platform has made a strong recovery from the economic effects of the Covid-19 pandemic. 

A photo of M&R Cementation's work at the New Clydesdale colliery

Hudbay unveils next leg of its copper growth plans

By: Mariaan Webb     8th June 2022 Canadian diversified miner Hudbay has unveiled the preliminary economic assessment (PEA) for its Copper World project, in Arizona, which represents the next leg of the company’s copper growth strategy. The Copper World project, which will be developed in two phases, has an aftertax net present... 

Hudbay unveils next leg of its copper growth plans

Peru calls for new Las Bambas talks as police hint at eviction plan

By: Reuters     8th June 2022 Peru's government on Tuesday called for a new round of talks with protesting indigenous communities that have forced MMG's Las Bambas mine to suspend operations for over a month, as the police suggested that they were ready to intervene. The government of Peru, the world's No. 2 copper producer,... 

Increased efficiency cuts carbon, advances net-zero path, research finds  

By: Martin Creamer     8th June 2022 Like all other key industries, mining is having to advance along a net-zero path as part of the global decarbonisation drive. Gone are the days when innovation and financial improvement can be sold on their own without a carbon advantage. (Also watch attached Creamer Media video.) 

Creamer Media screenshot.
Rocsole CEO Mika Tienhaara interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Zambia starts search for new investor in Konkola Copper Mines

By: Reuters     7th June 2022 Zambia's Konkola Copper Mines (KCM) will appoint an adviser to help it find an equity investor willing to fund the mine's expansion, its provisional liquidator said on Tuesday. Zambia's previous government put KCM into the hands of a liquidator in May 2019, triggering an ongoing legal dispute... 

Antofagasta reports Los Pelambres concentrate pipeline leak

By: Mariaan Webb     7th June 2022 Copper miner Antofagasta said on Tuesday that a leak had been detected in the underground pipeline that transports concentrate from the Los Pelambres concentrator plant to the port at Los Vilos, in Chile. The leak, which was detected a week ago, did not cause any environmental damage, the London... 

Geotechnical problems delay stope production at Pumpkin Hollow

By: Mariaan Webb     7th June 2022 Vancouver-based Nevada Copper has started cutting back on its costs, including reducing its contractor workforce, after its Pumpkin Hollow underground copper mine, in Yerington, encountered operational and geotechnical challenges. The company said on Monday access to planned stopes for June and... 

Geotechnical problems delay stope production at Pumpkin Hollow

Congo auditor says $400m went missing from state mining company

By: Reuters     6th June 2022 More than $400-million in tax advances and loans that Democratic Republic of Congo's state mining company Gecamines said it paid to the national treasury cannot be found, according to a report by the government's public finances watchdog. State miner Gecamines holds minority stakes in several of... 

Kamoa-Kakula delivers record monthly copper output

By: Marleny Arnoldi     6th June 2022 TSX-listed Ivanhoe Mines’ Kamoa-Kakula mining complex, in the Democratic Republic in Congo, has set a new monthly production record, with 29 800 t of copper in concentrate produced in May. The operation achieved record output despite planned interruptions during the month, such as scheduled... 

Kamoa-Kakula copper mining complex, in DRC
Kamoa-Kakula copper mining complex, in DRC

Rio Tinto starts drilling at Alderan’s Frisco in Utah

By: Creamer Media Reporter      6th June 2022 Rio Tinto subsidiary Kennecott Exploration Company has started drilling on the Copper Gulch prospect of ASX-listed Alderan Resources’ Frisco project in Utah, US. Alderan MD Scott Caithness explains that Copper Gulch is a porphyry copper target, about 500 m south-west of the copper-rich... 

Stronger China demand prospects propel copper to five-week peak

By: Reuters     6th June 2022  Copper prices climbed to five-week highs on Monday after the lifting of Covid-lockdowns in top consumer China boosted demand prospects while dwindling inventories provided further support. Benchmark copper on the London Metal Exchange (LME) was up 2.4% at $9 726 a tonne by 09:27 GMT, having... 

Biden keeps funds flowing to build US EV supply chain

By: Bloomberg     6th June 2022 President Joe Biden has taken lots of heat for stoking inflation with government spending. It’s not stopping him from keeping the spigot open to fund a domestic electric vehicle supply chain. The latest sum of support was tucked into the Ukraine aid bill that Biden signed into law late last... 

An image of US President Joe Biden
US President Joe Biden

Canadian miner Teck sets nature-positive goal

By: Creamer Media Reporter      6th June 2022 Diversified miner Teck Resources has committed to conserve or rehabilitate at least three hectares for every hectare disturbed by its mining activities as part of a goal of becoming a nature positive company by the end of the decade. Through land conservation investments, Teck will protect 14... 

An image of Elmo Lake, part of the Next Creek headwaters
Elmo Lake, part of the Next Creek headwaters

Peru Cabinet seeks solution for Las Bambas crisis as leftists urge nationalisation

By: Reuters     6th June 2022 Peru's Cabinet was meeting on Friday to try and find a truce to the ongoing conflict that has paralyzed operations at MMG's Las Bambas copper mine, as some left-wing lawmakers suggest nationalizing the company would be the solution. Operations at Las Bambas, one of the world's largest copper... 

Circular economy prompting steel, oil, carbon recovery from end-of-life mine truck tyres  

By: Martin Creamer     6th June 2022 Highest and best use of ultra-large end-of-life mine truck tyres is being brought about by a change to the model in which resources are mined, made into products, and then become waste. Just one of these giant tyres can weigh 4.5 t and stand 14 feet tall. Put five of the 63-inch variety into a... 

Picture supplied.
Kal Tire’s Dan Allan speaks to Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Energy transition will require many times more metals than are currently mined

By: Darren Parker     3rd June 2022 Given the rate of population growth, a 10% penetration of electric vehicles (EVs) into the automotive market by 2030 would require the mining industry to produce about ten times more metals than what it currently produces, Rainbow Rare Earths CEO George Bennett has said. “Most people don't... 

Gold Fields’ acquisition of Yamana enhances credit quality – Moody’s  

By: Mariaan Webb     3rd June 2022 South Africa-based Gold Fields’ $6.7-billion acquisition of Yamana Gold will enhance its credit quality as the combined group will benefit from a bigger scale and broader geographic diversification without any new debt being raised, says credit ratings agency Moody’s. The acquisition of its peer... 

An image of a truck in a pit at the Damang mine

Copper furnace component supply in final stage

By: Halima Frost     3rd June 2022 South Africa-based foundry and engineering company Thos Begbie has shipped the last of three batches of copper furnace components to a metal smelting and recycling firm, in Germany. The third and final batch was shipped last week and arrived at its destination on time. 

A copper cast Lander chute with tapoholes used in a flash furnace to skim slag off molten copper
COPPER CHUTE The copper components for a new German client requires the use of raw, pure copper

Converter to be supplied to smelter

3rd June 2022 Metallurgical industry plant supplier SMS group has been selected to supply a Peirce-Smith Converter for converting nickel matte for the production of batteries to global nickel exporter Société de Nickel de Nouvelle Calédonie et Corée (SNNC) in South Korea. The supply will fast-track the... 

A group of gentlemen representing furnace component manufacturer and SMS group and nickle exporter SNNC holding a sign announcing the conclusion of their contract signing meeting
A GOOD SIGN The contract signing ceremony between SMS group and SNNC held earlier this year in South Korea

Supplier for Brazil ferronickel mine chosen

3rd June 2022 Industrial engineering and equipment multinational FLSmidth has been chosen as the supplier of the rotary kiln and rotary dryer for the Araguaia Niquel Metais ferronickel mine in the state of Pará in the northern region of Brazil. The order was booked in the first quarter of 2022 and is valued at... 

A large rotary kiln and drier system manufactured by FLSmidth is being delivered to the rAaguaia Niquel Metais ferronickel mine in Brazil
TURNING POINT The rotary kiln and drier supplied by FLSmidth is being delivered to the ferronickle mine in Brazil

Chile's Boric pushes for unity amid challenges in first state of the union

By: Reuters     2nd June 2022 Chilean President Gabriel Boric struck a conciliatory tone and outlined his government's plans to tackle a slew of issues amid a sharp drop in his approval rating during his first State of the Union Address on Wednesday. Emphasizing the need for all Chileans to work together to address issues... 

Arbitration hearing set for January in Vedanta-Zambia dispute

By: Reuters     2nd June 2022 Zambia's decision three years ago to take control of a copper mine in the country's north will be subject to an arbitration hearing in January in London, the country's mines minister said on Wednesday, amid a lengthy dispute over the mine's ownership. Zambia in May 2019 handed control of Konkola... 

Chile starts sanction process against Los Pelambres copper mine

By: Reuters     2nd June 2022 Chile's environmental regulator initiated a sanction process against Antofagasta Minerals' Los Pelambres copper mine for deficiencies associated with tailings management, the agency said in a statement released on Wednesday. The Environmental Superintendent (SMA) filed one minor and two major... 

Chile starts sanction process against Los Pelambres copper mine

New Century adds to Mt Lyell reserve

By: Esmarie Iannucci     2nd June 2022 Restart work at the Mt Lyell copper project, in Tasmania, has resulted in a 130% increase in the ore reserves. ASX-listed New Century Resources on Thursday told shareholders that the project’s initial ore reserve had been estimated at 23.9-million tonnes, at 1.14% copper equivalent, for some 246... 

Far-reaching JSE reforms highlighted at exploration-focused Junior Indaba 

By: Martin Creamer     1st June 2022 The June 1 launch of the JSE’s new Cutting Red Tape initiative to make listing on the JSE considerably easier, faster and more sustainable is twinning with JSE’s recent private placements inventiveness that provides for the raising of capital in the private market for minerals exploration and the... 

Picture supplied by JSE.
JSE head of origination and deals Sam Mokorosi.

Global copper supply to outpace demand next year, says RBC

By: Reuters     1st June 2022 Global copper supply will outpace demand over the next two years, helped by several upcoming large mine projects, RBC Capital Markets analysts said on Wednesday. The brokerage in a note said it expects the industrial metal's price to be at $4.32 per pound in 2022, and then drop to $3.75 in 2023... 

An image of copper cathodes

Adventus and Salazar receive ESIA approval for Ecuador project

By: Creamer Media Reporter      1st June 2022 The Ecuador government has approved the environmental and social impact assessment (ESIA) for the Curipamba-El Domo project, paving the way for the citizen participation process, final environmental licence issuance and formal construction decision in the second half of the year. The ESIA... 

Blaze at Peru's Las Bambas copper mine as tension rises

By: Reuters     1st June 2022 A fire broke out on Tuesday in Peru's massive Las Bambas copper mine, a source told Reuters, amid clashes between police and an indigenous community that has occupied space there for more than a month. MMG's mine, which accounts for about 2% of global supply, had to suspend operations last month... 

Glencore helps Zambia's Mopani Copper Mines pay bills

By: Reuters     31st May 2022 Mining and commodity trading giant Glencore has helped to fund Zambia's Mopani Copper Mines as the company has been unable to pay its bills on time and the state has yet to find a new investor more than a year after it took over the complex. Glencore, which sold Mopani to state mining investment... 

Big Tree Copper expects copper demand to rise, Northern Cape to benefit

By: Schalk Burger     31st May 2022 Copper mining waste reprocessing company Big Tree Copper CE Jan Nelson expects a steady climb in demand for copper over the next three decades, as the world has turned its full attention to sustainable energy and a greener economy. Demand is expected to exceed supply, with an expected to upward... 

Sedibelo Platinum to play important part in South Africa’s green hydrogen effort – Frandsen  

By: Martin Creamer     31st May 2022 Sedibelo Platinum Mines, in South Africa’s North West province, will be playing a very important part in South Africa's green hydrogen effort to ensure that it contributes to a greener South Africa, chairperson Arne Frandsen assured Mining Weekly on Tuesday. Frandsen is the managing partner and... 

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Pallinghurst Group's Arne Frandsen interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Cyprium eyes 2023 start at Nifty

By: Esmarie Iannucci     31st May 2022 Copper hopeful Cyprium Metals is hoping to produce its first copper metal plate from its Nifty operations by the second half of 2023. The ASX-listed company on Tuesday said that project financing for the restart of the Nifty operations, in Western Australia, were advancing with financiers. 

Los Andes drilling expands Vizcachitas copper project

By: Creamer Media Reporter      31st May 2022 Recent drilling at the Vizcachitas, in Chile, has continued to expand the advanced copper project, TSX-V-listed Los Andes Copper reported on Monday. The new results include 331 m grading 0.63% copper-equivalent (0.55% copper, 212 ppm molybdenum and 1.28 g/t silver) in hole CMV 012B on the... 

Workers walk out at Glencore’s Raglan nickel mine

By: Mariaan Webb     30th May 2022 Diversified miner Glencore has suspended production at its Raglan nickel and copper mine, in Quebec, after 630 unionised workers went on strike late on Friday night. The parties met on Friday in the presence of a mediator, without breaking an impasse in wage negotiations. Glencore it had tabled... 

An image of the Raglan mine, in Quebec.
The Raglan mine, in Quebec
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