R/€ = 17.14 Change: -0.07
R/$ = 16.39 Change: -0.11
Au 1803.04 $/oz Change: -11.98
Pt 896.91 $/oz Change: -19.59

Copper News

Webinars provide free practical knowledge for engineers

By: Tracy Hancock     13th May 2022 There is a growing need to bridge the gap between theory and practice in the minerals processing sector, with metallurgical engineering graduates quickly realising their lack of practical experience once they enter the workforce. By attending the free online training workshops offered by... 

Zambian energy crisis opening way to clean energy for the country and its mines

By: Rebecca Campbell     12th May 2022 The energy crisis in Zambia had created a situation in which the country could combine increasing its electricity generation capacity with a simultaneous transition to low-carbon renewable energy sources. This was pointed out to Mining Weekly Online by Zambian State-owned group ZCCM Investments... 

Uzbek copper producer plans local IPO this year

By: Reuters     12th May 2022  Uzbek copper, silver and gold producer Almalyk Mining and Metals Combine (AGMK) announced a tender on Thursday to hire an underwriter to conduct an IPO on the local stock exchange this year. According to the announcement on the Uzbek Republican Commodity and Raw Materials Exchange, the deadline... 

Copper tumbles to 7-month low as slowdown fears rock markets

By: Reuters     12th May 2022 Copper prices tumbled on Thursday to their lowest in seven months and other industrial metals fell as traders worried that a slowing global economy would require less metal. With inflation surging and interest rates rising, growth fears also pushed down oil prices and stock markets hit a... 

Arc, Anglo reveal plans to form copper/cobalt mining JV in Zambia

By: Darren Parker     12th May 2022 Junior exploration company Arc Minerals has entered into an agreement with a subsidiary of diversified miner Anglo American, which formalises the parties’ intention to form a joint venture (JV) with respect to Arc’s copper/cobalt project in the North-Western province of Zambia. Under the... 

Mining drives WA budget

By: Esmarie Iannucci     12th May 2022 A strong resources sector, which has continued to operate through much of the Covid-19 pandemic, along with higher commodity prices has assisted in Western Australia in reporting an expected operating surplus of A$5.7-billion for 2021-22. Premier Mark McGowan on Thursday pointed out that the... 

Miners turn to bacteria and other new ways to leach copper from waste rock

By: Reuters     12th May 2022 Rio Tinto, Freeport-McMoRan and other global miners, spurred by rising prices and demand, are deploying a raft of new leaching technologies that can extract low concentrations of copper from waste rock and help avoid lengthy mine permitting delays. Copper prices have nearly doubled in the past... 

Minimum of 14 000 jobs a year from South Africa’s first hydrogen corridor 

By: Martin Creamer     11th May 2022 South Africa’s first hydrogen corridor now under development has the potential to generate a minimum of 14 000 jobs, $400-million in gross domestic product and $900-million in taxes a year by 2050. In an addition, there is potential to grow platinum group metal (PGM) demand by between 1% to 2%... 

Creamer Media picture.
Photo by Creamer Media
Minerals Council hydrogen briefing from left Allan Seccombe, Roger Baxter and Fahmida Smith.

Vedanta continues to invest in Zambia despite legal dispute over KCM

By: Donna Slater     11th May 2022 Despite a dispute with investment company ZCCM-Investment Holdings over Konkola Copper Mines (KCM), Vedanta Resources Holdings (Vedanta) and its parent company Vedanta Resources has continued with financial and corporate social responsibility programmes in Zambia. In May 2019, the Zambian... 

Newmont anticipates to move forward with Peru mine expansion - CEO

By: Reuters     11th May 2022 Gold miner Newmont is anticipating that it will move forward on a $2-billion investment on the so-called Yanacocha sulfides project in Peru, CEO Tom Palmer said on Tuesday. The remarks are the strongest support yet for a project that Newmont says will only be fully decided later this year. Peru... 

Minerals Council spells out members’ commitment to climate change mitigation 

By: Martin Creamer     11th May 2022 Members of Minerals Council South Africa have agreed to commit to a climate change response strategy that will reduce Scope 1 and Scope 2 emissions and achieve a net zero emission by 2050 or earlier. Minerals Council South Africa senior health and environment executive Nikisi Lesufi on Tuesday... 

Creamer Media picture
Photo by Creamer Media
Minerals Council South Africa senior health and environment executive Nikisi Lesufi, closest right, with Minerals Council's Allan Seccombe, left.

Gold giant Barrick is hunting for more African copper projects

By: Bloomberg     10th May 2022 Barrick Gold is searching for copper projects in both Zambia and the Democratic Republic of Congo as the gold-mining giant looks to expand in one of the world’s most-important industrial metals. Barrick already owns a copper mine in Zambia and in April laid out plans for a $7-billion copper-gold... 

Barrick Gold CEO Mark Bristow speaking at the Mining Indaba in Cape Town.
Barrick Gold CEO Mark Bristow speaking at the Mining Indaba in Cape Town.

South Africa keen to harness hydrogen economy opportunities, President Ramaphosa tells Indaba  

By: Martin Creamer     10th May 2022 It was just amazing to see the innovation that the mining industry is capable of scaling up, President Cyril Ramaphosa told the Investing in African Mining Indaba in his enthusiastic address on Tuesday. “Last week, I attended the launch by Anglo American of the world’s largest hydrogen-powered... 

Creamer Media picture taken of screen
Photo by Creamer Media
President Cyril Ramaphosa at the Investing in African Mining Indaba.

Hudbay starts early site work at Copper World as PEA nears completion

By: Mariaan Webb     10th May 2022 Canada-based base metals miner Hudbay Minerals is set to announce plans for an initial 15-year copper mining operation in Arizona, incorporating the Copper World deposit and an alternative plan for its Rosemont deposit. The company is nearing completion of a preliminary economic assessment (PEA)... 

Hudbay starts early site work at Copper World as PEA nears completion

KGL completes capital raise

By: Esmarie Iannucci     10th May 2022 Copper developer KGL Resources has raised A$23.04-milion of a A$24.2-million target. The company in April announced a one-for-six non-renounceble entitlement offer, riced at 37c a share, to fund front-end engineering design (FEED) work at the Jervois copper project, in the Northern Territory,... 

South Africa has significant implementation crisis – Minerals Council 

By: Martin Creamer     9th May 2022 South Africa has a significant implementation crisis. A number of government departments and parastatals were hollowed out. Capacity is a significant issue in almost every parastatal – water authorities, Eskom, Transnet and across the board. “We’re not rushing in to take over activities because... 

supplied picture
Minerals Council South Africa CEO Roger Baxter.

Zambian President calls on African leaders to act, not talk, regarding economic development

By: Rebecca Campbell     9th May 2022 Zambian President Hakainde Hichilema has called for African countries to exploit their resources “properly, strategically and cleverly”. He was delivering a keynote address at the first day of the Mining Indaba 2022 conference in Cape Town, on Monday. “This calls for deliberate efforts on the... 

Zambia President Hakainde Hichilema
Photo by Creamer Media
Zambia President Hakainde Hichilema

Energy transition presents opportunity to build inclusive ecosystem – Wanblad 

By: Martin Creamer     9th May 2022 The energy transition currently under way presents a fresh opportunity for South Africa to build a clean and inclusive energy ecosystem that can create new and significant economic opportunities for the African continent. This continent, with its vast natural reserves of abundant sun and wind,... 

Picture supplied.
New Anglo American CE Duncan Wanblad

First Quantum approves $1.35bn capex for Kansanshi expansion, Enterprise projects

By: Darren Parker     9th May 2022 TSX-listed First Quantum Minerals’ board of directors has given the go-ahead for the immediate roll-out of two projects in Zambia – the S3 expansion at its Kansanshi copper/gold mine, as well as the roll-out of the Enterprise nickel project. “First Quantum has been working constructively with the... 

opencast mining at one of First Quantum's operations

Imperial working to restart BC copper mines

By: Mariaan Webb     9th May 2022 TSX-listed Imperial Metals is preparing to restart milling operations at its Mount Polley copper and gold mine, in British Columbia, after three years of being on care-and-maintenance. Work to re-open the mine began late last year, with mining operations having resumed in November. About... 

Orion Minerals a step closer to funding and refining

By: Esmarie Iannucci     9th May 2022 Dual listed copper developer Orion Minerals has entered into a non-binding term sheet for $87-million in funding to advance the development of its Prieska copper/zinc mine, in South Africa, and has secured an exclusivity agreement to develop a specialist battery product refining facility in the... 

Orion's Prieska mine

Aurelia gets go-ahead for Great Cobar

By: Esmarie Iannucci     9th May 2022 The New South Wales government has given gold miner Aurelia Metals regulatory approval to extend the life of its Peak gold and base metals operations until 2035, issuing the company with development consent for the New Cobar complex. The approval allows for the establishment of an underground... 

Vedanta offers Zambia investment commitments if handed back KCM

By: Reuters     9th May 2022 Vedanta Resources has offered to step up investment in Zambia's Konkola Copper Mines (KCM) and implement several social responsibility programmes if it resumes control of the local firm, a company letter sent to the government showed. Zambia's previous government put KCM into the hands of... 

Gangs stealing cables miles underground torment South African platinum mines

By: Bloomberg     9th May 2022 South African miners are battling a growing threat miles underground in the world’s deepest platinum shafts: Gangs stealing copper cables and disrupting operations. Enticed by high copper prices, thieves are sneaking in, descending deep underground and setting up camp among vast networks of... 

Chile’s proposed mining shakeup falls short in convention vote

By: Bloomberg     8th May 2022 Proposals to severely restrict private ownership of Chile’s giant copper and lithium deposits will get one more roll of the dice after falling short in a Constitutional Convention vote Saturday. While a package of proposals passed the two-thirds threshold in the plenary, many individual articles... 

Green hydrogen can be produced in South Africa immediately, coal conference hears

By: Martin Creamer     6th May 2022 The generation of green hydrogen is achievable in South Africa immediately and is not a complicated process, Sasol just transition office head David Kawesha said on Friday. “You just need the renewable energy resource, electrolysers to split water, and that’s really what the basic process is,”... 

Picture taken by Creamer Media
Photo by Creamer Media
McCloskey's Southern African Coal Conference panel from left moderator Randy Fabi, Tracey Davies, Steve Nicholls, Jan Oberholzer and David Kawesha.

McEwen CFO and COO step down 

By: Mariaan Webb     6th May 2022 NYSE- and TSX-listed McEwen Mining is hunting for a new CFO and COO to fill the positions of Anna Ladd-Kruger, who is retiring to focus on her health and family, and Peter Mah, who resigned for personal reasons. In the interim, Perry Ing – a previous CFO of McEwen – will assume the CFO... 

Chile's parched mines race for an increasingly scarce commodity: water

By: Reuters     6th May 2022  A record-breaking drought in Chile is impacting mining operations and forcing companies to escalate their search for more sources of water, from water treatment and pricey desalination plants to even encouraging workers to use less water in the shower. The Andean nation, the world's no. 1... 

EPA recommends against PolyMet permit reissuing

By: Mariaan Webb     6th May 2022 TSX- and NYSE American-listed developer PolyMet Mining is facing potential setback with the Environmental Protection Agency (EPA) this week recommending that the Army Corps of Engineers should not reissue the Clean Water Act Section 404 permit for its proposed NorthMet copper/nickel project, in... 

Tristan Pascall becomes First Quantum CEO, new director appointed

By: Creamer Media Reporter      6th May 2022 The board of First Quantum Minerals (FQM) on Thursday appointed Tristan Pascall to the role of CEO, and added Alison Beckett as an independent director. The company in November announced that that Tristan Pascall would take over the role of CEO from his father, co-founder Philip Pascall, who... 

Mbalula recommends a people-centred just transition

By: Schalk Burger     5th May 2022 Transport Minister Fikile Mbalula has said a just transition is about improving the lives and livelihoods of all South Africans, particularly those that are bearing the brunt of climate impacts, and protecting and empowering workers and communities, as the country navigates the shift away from... 

Transport Minister Fikile Mbalula
Photo by Reuters
Transport Minister Fikile Mbalula

World Coal Association favours just energy transition to net zero future  

By: Martin Creamer     5th May 2022 The World Coal Association, and its member companies, are in favour of a just transition to a net zero future, World Coal Association chairperson July Ndlovu said on Thursday. In his keynote address to the Southern African Coal Conference, Ndlovu emphasised the sincerity of the association’s... 

Creamer Media photograph
Photo by Creamer Media
World Coal Association chairperson July Ndlovu

Gold Fields lifts first-quarter output despite macroeconomic challenges 

By: Darren Parker     5th May 2022 Despite facing various global challenges, JSE-listed gold miner Gold Fields achieved a 7% year-on-year increase in attributable equivalent gold production for the quarter ended March 31. While the 580 000 oz of gold produced in the quarter was 8% lower quarter-on-quarter, Gold Fields said it... 

Gold Fields CEO Chris Griffith
Gold Fields CEO Chris Griffith

Canada in 'active discussions' with EV supply chain companies - Minister

By: Reuters     5th May 2022 Canada is talking to a number of companies interested in setting up production in the electric vehicle (EV) supply chain, the industry minister said, as the government seeks to cut carbon emissions to net zero by 2050 and play a role in the shift toward greener cars. There are "very active... 

An image of Francois-Philippe Champagne
Francois-Philippe Champagne

Caravel warns of higher cost copper

By: Esmarie Iannucci     5th May 2022 Junior Caravel Minerals has flagged a A$200-million increase in the capital cost estimate for the Stage 1 development of its Caravel copper project, in Western Australia. Lead engineer Ausenco has provided Caravel with capital cost estimates for the project’s Stage 1 process plant and... 

Barrick Gold taking final steps towards developing large ‘super tier one’ copper/gold project in Pakistan 

By: Martin Creamer     4th May 2022 "It’s not just tier one. This is a super tier one,” says Barrick Gold president and CEO Dr Mark Bristow of the proposed Reko Diq project, one of the largest undeveloped copper-gold porphyry deposits in the world. Bristow is scheduled to meet Pakistan’s new prime minister later this month to... 

Barrick Gold CEO Dr Mark Bristow
Barrick Gold CEO Dr Mark Bristow

Cash-flush Barrick Gold funding reintroduction of white rhinos to DRC national park 

By: Martin Creamer     4th May 2022 Gold mining company Barrick Gold, which has just reported an outstanding set of first quarter financial results, is funding the reintroduction of white rhinos to the Democratic Republic of Congo (DRC), where it mines at Kibali Gold Mine. Since agreement on the repatriation of revenue from Kibali... 

Screenshot of Barrick map.
Barrick Gold restoring rhino to park near Kibali mine.

Moody’s foresees elevated commodity prices, constraints persisting throughout this year

By: Donna Slater     4th May 2022 Moody’s Investors Service says the persistence of weaker mining production and volume constraints will exacerbate tight markets and further elevate prices of many metals after a number of large rated global diversified mining companies posted first-quarter production results showing weaker... 

Moody’s foresees elevated commodity prices, constraints persisting throughout this year
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