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Copper News

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, 

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... 

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

Galileo reports positive exploration progress at its Luansobe copper project

By: Darren Parker     17th May 2022 Aim-listed Galileo Resources has announced positive exploration progress at its Luansobe copper project, in Zambia. The project is situated on the Zambian copper belt, where Galileo holds a 75% interest in a small-scale exploration licence. So far, portable X-ray fluorescence (pXRF) spectroscopy... 

Oz Minerals takes an option over Kalkaroo

By: Esmarie Iannucci     17th May 2022 Copper/gold miner Oz Minerals has inked a term sheet with fellow listed Havilah Resources to option the Kalkaroo copper project, in South Australia. Oz Minerals will have 18 months to evaluate the potential of the Kalkaroo project, and the option to acquire the project for A$205-million. 

S2 notes improved fair value sums of Orion shares

By: Marleny Arnoldi     16th May 2022 Market intelligence firm S2 Research has noted the peak funding requirement reduction from R2.4-billion to R2.25-billion for JSE-listed Orion Minerals’ Prieska copper/zinc project, in the Northern Cape. This reduces the funding risk of the project, while the net present value of project cash... 

South Africa’s high-flying Jubilee creating 800 mostly long-term jobs in Zambia 

By: Martin Creamer     16th May 2022 Diversified metal recovery business Jubilee, which is rolling out an investment of R786-million in South Africa and Zambia, has offered employment and contractor opportunities to more than 800 people in Zambia, the most of which are long term, the company stated in a release on Monday. In Zambia,... 

Screenshot of website image and enhancement
Copper and cobalt in Zambia and platinum group metals and chrome in South Africa.

US risks watching global energy race from sidelines, says association

By: Mariaan Webb     16th May 2022 The National Mining Association CEO Rich Nolan has slammed the federal appeals court’s decision to block the Rosemont copper mining project, in Arizona, warning that “flawed rulings” will ensure the US watches the global energy race from the sidelines. He was responding to last week’s split... 

BHP unveils new concentrator at Spence

By: Esmarie Iannucci     16th May 2022 Major BHP has cut the ribbon at the new $2.46-billion copper concentrator at its Spence operations, in Chile, which will allow the operation life to extend by some 50 years. BHP told shareholders that the project supported the company’s intention to continue growing in Chile while strengthening... 

An image of the Spence project in Chile

Musk considers Indonesia trip to explore possible investments

By: Bloomberg     16th May 2022 Elon Musk, the world’s richest person, is considering a visit to Indonesia to explore investment opportunities in the resource-rich Southeast Asia country. The chief executive officer of Tesla and SpaceX met with Indonesian President Joko Widodo at the rocket manufacturer’s site in Boca Chica,... 

Chile copper mines dodge radical changes as convention vote ends

By: Bloomberg     16th May 2022 Major copper producers from BHP Group to Freeport-McMoRan will likely avoid drastic changes in the way they do business in Chile as writers of a new constitution wrapped up deliberations on mining proposals. In a vote on the Constitutional Convention floor on Saturday, a plan to replace the... 

Chile copper mines dodge radical changes as convention vote ends

Copper wavers near $9 000 after fear-filled week for metals

By: Bloomberg     13th May 2022 Copper steadied and aluminum rose after a turbulent week for metals dominated by growing concerns over the state of the global economy. While metals markets were calmer Friday, prices have endured a dismal few days on fears about monetary tightening as well as demand from top consumer China.... 

Appeals court also blocks proposed Arizona copper mine 

By: Mariaan Webb     13th May 2022 The US Court of Appeals for the Ninth Circuit on Thursday declined to overturn a 2019 decision that blocked the development of Hudbay Minerals’ planned Rosemont openpit copper mine, in Arizona. In a split decision, the court agreed with the District Court of Arizona’s ruling that the US Forest... 

Peru community wants its land back, threatening Chinese copper mine

By: Reuters     13th May 2022 The community of Fuerabamba in the Andean region of Peru was resettled eight years ago to make way for a giant Chinese-owned copper mine, in a $1.2-billion scheme billed as a model solution to protests dogging the South American nation's mining sector. Now the community wants the land back. In... 

BHP targets Chile expansion under 'right conditions' - CEO

By: Reuters     13th May 2022 Global mining giant BHP Group is keen to expand operations in Chile, the world's top copper producer, under "appropriate conditions," CEO Mike Henry said on Thursday. The mining sector in the Andean nation faces uncertainty as the country drafts a new constitution, which could lead to tighter... 

BHP CEO Mike Henry
BHP CEO Mike Henry

Copper Mountain avoids Eva sale speculation

By: Esmarie Iannucci     13th May 2022 Dual listed Copper Mountain Mining has refused to be drawn into speculation that it was intending to sell its Eva copper project, in Queensland. The miner was responding to media reports that it was making moves to divest the asset. 

Investors are rushing back into Africa’s copper country

By: Bloomberg     13th May 2022 Mining investors are stampeding back into a region many had seemed determined to leave. Straddling the border of Zambia and the Democratic Republic of Congo, a vast forested area roughly the size of Portugal contains one of the world’s richest caches of minerals: copper for wires and cables, and... 

Investors are rushing back into Africa’s copper country

Metal demand seen surging for decades on strength of energy transition, World Bank says

By: Bloomberg     13th May 2022 Demand for metals used in everything from wind-turbine blades to batteries will surge for decades to come, driven by efforts to decarbonize the global economy and shift away from fossil fuels, according to the World Bank. Even as consumption growth for other commodities like grain probably will... 

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