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Copper News

Turquoise Hill's Oyu Tolgoi mine partially resumes shipments to China

By: Reuters     20th April 2021 Turquoise Hill Resources said on Tuesday the Oyu Tolgoi mine in Mongolia had partially resumed shipments to China, after the Canadian miner declared force majeure on some Chinese contracts last month due to Covid-19-led curbs. The company is evaluating multiple contingencies, including an... 

Arizona mining fight pits economy, EVs against conservation, culture

By: Reuters     20th April 2021 Early last year, Darrin Lewis paid $800 000 for a hardware store in a tiny Arizona town where mining giant Rio Tinto hopes to build one of the world's largest underground copper mines. Rio buys materials from Lewis's Superior Hardware & Lumber for its Resolution mine site, accounting for a third... 

RTG stock jumps on Philippines developments

By: Creamer Media Reporter      19th April 2021 The share price of RTG Mining surged in Canada on Friday, after Philippine President Rodrigo Duterte lifted a nine-year moratorium on new mineral agreements, reopening the door to investments. TSX- and ASX-listed RTG Mining owns the Mabilo copper/gold project, which is permitted to proceed to... 

Chile tribunal breathes new life into controversial Dominga copper-iron project

By: Reuters     19th April 2021 A Chilean environmental tribunal has breathed new life into Andes Iron's controversial $2.5-billion Dominga copper and iron mining project, tossing out an earlier decision by a regulator that had denied the company key permits. Judges with the Antofagasta Environmental Tribunal voted unanimously... 

Chile tribunal breathes new life into controversial Dominga copper-iron project

World-first mineral export under financial transparency

16th April 2021 Global blockchain platform Minexx has exported minerals with full financial transparency from the Democratic Republic of Congo (DRC), by processing $250 000 of blockchain certified payments. This is a milestone for the company and the sector, as it secures the supply chain from the moment a... 

CHAIN OF EVENTS
The effective implementation of transparent blockchain payments have secured the supplychain from the moment a mineral is mined to the point of being used in technology in the DRC
CHAIN OF EVENTS The effective implementation of transparent blockchain payments have secured the supplychain from the moment a mineral is mined to the point of being used in technology in the DRC

DRC exploration ongoing

16th April 2021 Global mining house Ivanhoe Mines co-chairpersons Robert Friedland and Yufeng “Miles” Sun announced in February that the company plans to commence an expansive 2021 exploration programme on its 100%-owned Western Foreland exploration licences. The exploration programme will include about 2 550... 

EXPLORE MORE
Ivanhoe Mines has begun its expansive 2021 exploration programme in the Democratic Republic of Congo
EXPLORE MORE Ivanhoe Mines has begun its expansive 2021 exploration programme in the Democratic Republic of Congo

Gamsberg ramp-up exceeds expectations

By: Halima Frost     16th April 2021 Diversified miner Vedanta Zinc International (VZI) says its Gamsberg mine and processing plant have successfully ramped up to full production, with the plant currently exceeding its projected design capacity of four-million tonnes a year.   The ramp-up was scheduled after a shutdown period from... 

ROUND TWO
The successful ramp up of the Gamsberg mine and its processing plant has been reported
ROUND TWO The successful ramp up of the Gamsberg mine and its processing plant has been reported

New collectors released

By: Halima Frost     16th April 2021 South African chemical company Axis House has developed and released a new polymetallic range of collectors  – PolyQ – to be used in the floatation process to recover base metals from polymetallic ores. “The PolyQ range of collectors are not only safer than standard reagents (xanthates) but also... 

REMARKABLE RECOVERY
The new polymetallic range of collectors offer greater recover y rates of base metals
REMARKABLE RECOVERY The new polymetallic range of collectors offer greater recover y rates of base metals

Barrick maintains full-year guidance after good first-quarter performance 

By: Marleny Arnoldi     15th April 2021 NYSE- and TSX-listed Barrick Gold says it is on track to reach its production targets for the current financial year, after reporting preliminary production of 1.1-million ounces of gold and 93-million pounds of copper in the first quarter of the year. The preliminary first-quarter gold output... 

Pueblo Viejo
Pueblo Viejo

Profound benefits for metals in store once US infrastructure plan passes

By: Marleny Arnoldi     15th April 2021 When US President Joe Biden announced a $2-trillion bill on March 31, becoming known as his infrastructure plan, it made commodity research company Fastmarkets, for one, excited about the opportunities it may hold for metals. The bill has been dubbed the American Jobs Plan, despite a political... 

US President Joe Biden announced the so-called American Jobs Plan at the end of last month.
US President Joe Biden announced the so-called American Jobs Plan at the end of last month.

Anglo Pacific open to selling thermal coal royalties to boost ESG credentials

By: Reuters     15th April 2021 Mining streaming company Anglo Pacific could be open to selling its thermal coal royalties to accelerate its transition away from the most polluting fossil fuel, chief executive Julian Treger said on Wednesday. The London-listed company aims to decrease its reliance on coal and steel and attract... 

Cobre raises cash for Botswana exploration

By: Esmarie Iannucci     15th April 2021 Junior copper and base metals explorer Cobre has raised A$6.7-million to fund exploration costs at its joint venture (JV) with Metal Tiger, in Botswana. The ASX-listed company raised an initial A$5.3-million under a first tranche share placement, priced at 17c a share. 

Glencore to benefit from turnaround strategy, commodity upswing – investment banks

By: Donna Slater     14th April 2021 On the back of above-peer earnings growth, sector-leading free cash flow and elevated 2021/22 earnings before interest, taxes, depreciation and amortisation (Ebitda), multinational investment banking firm Goldman Sachs has upgraded diversified miner Glencore’s stocks to "buy", from the previously... 

Glencore to benefit from turnaround strategy, commodity upswing – investment banks

Atalaya says Spain solar plant in final stages of permitting

By: Creamer Media Reporter      14th April 2021 The permitting process for a 50 MW solar plant at Proyecto Riotinto, in Spain, is in the final stages, Aim- and TSX-listed Atalaya reported on Wednesday. The installation of the solar plant will not only reduce costs, but will also make a significant contribution to reducing carbon emissions at... 

Serbia halts China-owned mine over environmental breaches

By: Reuters     14th April 2021 Serbia has ordered China's Zijin Mining Group to halt work at a shaft at the country's only copper mine and to complete a waste water treatment plant after it failed to comply with environmental standards, the mining and energy minister said on Wednesday. Zijin became Serbia's strategic partner... 

Skyrocketing metal prices threaten to hinder EV affordability

By: Bloomberg     14th April 2021 A surge in demand for electric vehicles is sending the price of raw materials soaring, threatening to slow the push toward making cheaper batteries that are key to more widespread adoption. Lithium, the mainstay for rechargeable power packs used in EVs, is roaring back after a three-year slump... 

Skyrocketing metal prices threaten to hinder EV affordability

Billionaire miner sees copper as a national security issue

By: Bloomberg     14th April 2021 Copper is so crucial in electrifying the global economy that finding enough of it has become a national security issue, according to mining magnate Robert Friedland. Mining companies will have to be “real heroes” and governments will have to accept the industry if the world is to successfully... 

Robert Friedland
Robert Friedland

Giant copper mines start to get serious about green hydrogen

By: Bloomberg     13th April 2021 All the talk about how green hydrogen will help heavy industries kick their fossil fuel habit is starting to turn into action in the biggest copper-producing nation. An Anglo American pilot project has been supplying the clean gas to a forklift at a waste facility in Chile for the past two... 

Giant copper mines start to get serious about green hydrogen

'Unconstitutional': Chile govt opposes mine royalty bill, prepares national policy

By: Reuters     12th April 2021 Chile Mining Minister Juan Carlos Jobet said on Monday the country's center-right government would oppose a bill to hike royalties on copper and lithium miners currently under consideration by lawmakers, blasting it as "unconstitutional". The legislation, introduced by left-leaning lawmakers, is... 

'Unconstitutional': Chile govt opposes mine royalty bill, prepares national policy

ZCCM to appeal against latest Court of Appeal ruling in Konkola dispute

By: Marleny Arnoldi     12th April 2021 Investment holding company ZCCM has advised that it intends to appeal against the latest decision of the Zambian Court of Appeal and to stay the court’s judgment in a matter between ZCCM and diversified miner Vedanta Resources. The High Court of Zambia ruled against Vedanta on August 7, 2019,... 

Anglo American says output on track at Chilean mines despite virus surge

By: Reuters     12th April 2021 A resurgence of Covid-19 in Chile should not dampen output at Anglo American's sprawling copper mines in the Andean nation this year, nor is it likely to pose near-term supply chain problems, the company's top executive in Chile told Reuters. Aaron Puna, who took over as CEO of Anglo American... 

Los Bronces in Chile
Los Bronces in Chile

Kefi issues shares to warrant holder

By: Tasneem Bulbulia     12th April 2021 Aim-listed Kefi Copper and Gold has received notice from a warrant holder to exercise warrants over 15-million new ordinary shares, and accordingly, has on April 12 allotted and issued 15-million new ordinary shares. Kefi has projects in Ethiopia and Saudi Arabia. 

Reality check for copper bulls as Chinese demand growth slows

By: Reuters     12th April 2021 Copper long speculators are at risk of a price pull-back due to a delayed pick up in Chinese demand in its traditionally strong industrial consumption season in the second quarter. Bullish investors, who poured money into copper eyeing a commodity super-cycle, have already reduced exposure amid... 

Antipa JV's exploration budget increases

By: Esmarie Iannucci     12th April 2021 The joint venture (JV) partners for the Citadel copper/gold project, in Western Australia, have increased the exploration budget for 2021 from A$13.8-million to A$24.5-million. ASX-listed Antipa Minerals on Monday reported that as a result of JV partner Rio Tinto Exploration sole funding more... 

Antipa JV's exploration budget increases

Exploration industry has tight deadline to comment on controversial draft regulations  

By: Martin Creamer     9th April 2021 South Africa’s exploration industry has until April 19 to comment on controversial regulations still in draft form. “They’ve never consulted industry about it and what they are requesting is impractical,” says Allan Saad, a consulting exploration geologist, who formerly represented the now... 

Allan Saad, Consulting Exploration Geologist
Consulting exploration geologist Allan Saad interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Ivanhoe appoints energy veteran as chair of Kamoa Copper

By: Marleny Arnoldi     9th April 2021 TSX-listed Ivanhoe Mines has appointed Ben Munanga to succeed Louis Watum as chairperson. Kamoa Copper is the Democratic Republic of Congo (DRC) operating company of the joint venture between Ivanhoe Mines, Zijin Mining Group, Crystal River and the government of the DRC. 

Rio and Turquoise Hill strike funding deal for Oyu Tolgoi

By: Esmarie Iannucci     9th April 2021 Diversified major Rio Tinto on Friday announced a binding heads of agreement (HoA) with Canadian miner Turquoise Hill Resources for an updated funding plan to complete the Oyu Tolgoi underground copper project, in Mongolia. The funding plan addresses the remaining $2.3-billion funding... 

Rio and Turquoise Hill strike funding deal for Oyu Tolgoi

Investors call on EPA, Congress to protect Alaska’s Bristol Bay from mining impact

By: Simone Liedtke     8th April 2021 Fifty investors, managing $105-billion in assets, released a letter on April 8 calling for the US Environmental Protection Agency (EPA) and Congress to permanently protect Alaska’s Bristol Bay, and the world’s largest wild salmon fishery, against large-scale mining. While recognising the... 

Investors call on EPA, Congress to protect Alaska’s Bristol Bay from mining impact

Hudbay starts pit development activities at Pampacancha

By: Creamer Media Reporter      8th April 2021 TSX- and NYSE-listed Hudbay Minerals has finalised the land user agreement for the Pampacancha copper/gold deposit, which is located near its Constancia mine and processing facilities, in Peru. The finalisation of the agreement means it now has full access to the site to start pit development... 

Top copper miner is boosting output amid a Covid surge in Chile

By: Bloomberg     8th April 2021 Codelco, the world’s biggest copper producer, has some calming words for traders concerned that a Covid-19 resurgence in Chile will disrupt supply of the metal. “Definitely not,” chairman Juan Benavides said when asked if a tightening of restrictions this week would interrupt the company’s... 

Serbia Zijin Copper to invest $408m in mines, smelter

By: Reuters     7th April 2021 The Serbia Zijin Copper company, operator of Serbia's sole copper complex, plans to invest $408-million in 2021, up from $360-million in 2020, to overhaul and expand its four mines and a smelter, it said on Wednesday. The plan also includes improving environmental protection in the heavily... 

Mason PEA suggests Hudbay could double copper output

By: Mariaan Webb     7th April 2021 Toronto-listed miner Hudbay Minerals on Tuesday announced a positive preliminary economic assessment (PEA) for the Mason copper project, in Nevada, reinforcing the project’s standing in the company’s pipeline of long-term growth options. The PEA suggests that Mason, which was acquired in 2018,... 

Mason PEA suggests Hudbay could double copper output

Value of iridium in electrolysis could top R90bn mark in years ahead – HySA 

By: Martin Creamer     7th April 2021 The value of iridium for proton exchange membrane (PEM) water electrolysis technology alone could exceed R90-billion in the next ten to 20 years. This is the view of Professor Dmitri Bessarabov, the director of the Department of Science and Innovation's National Centre of Competence: Hydrogen... 

Value chain as outlined by Professor Dmitri Bessarabov, the director of the Department of Science and Innovation's National Centre of Competence.
Value chain as outlined by Professor Dmitri Bessarabov, the director of the Department of Science and Innovation's National Centre of Competence.

Deep-South’s shares approved for trading on the OTCQB Venture Market in the US

By: Tasneem Bulbulia     6th April 2021 TSX-V-listed Deep-South Resources’ common shares have been approved for, and admitted to, trading on the OTCQB Venture Market. “Trading on OTCQB marks an important milestone for the company and enables us to expand our audience and shareholder base in the American market as we continue to advance... 

Canadian underground mining likely to take hydrogen ventilation lead – HySA 

By: Martin Creamer     6th April 2021 Canadian and Australian mines are big on wanting hydrogen ventilation in underground mining operations, and Canada will likely lead in the use of hydrogen underground. This is the view of Professor Dmitri Bessarabov, the director of the Department of Science and Innovation's National Centre of... 

Hydrogen South Africa hydrogen ventilation research site in North West.
Hydrogen South Africa hydrogen ventilation research site in North West.

How South Africa can unlock its exploration potential ­– Adrian Reynolds   

By: Martin Creamer     1st April 2021 Of four factors required to attract investment in exploration, economic and fiscal stability is the most important, says highly experienced geological and mining consultant and nonexecutive company director Adrian Reynolds. Reynolds spoke to Mining Weekly in a Zoom interview about the factors... 

Adrian Reynolds
Geological and mining consultant Adrian Reynolds interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

PFS testwork confirms Vizcachitas copper recovery of 91.4%

By: Schalk Burger     1st April 2021 TSX-listed Los Andes Copper said on Thursday that testwork had confirmed that its Vizcachitas project, in Chile, would produce a high-grade clean copper concentrate with no market penalties. The results for copper recoveries and concentrate grades, as part of the ongoing prefeasibility study... 

Biden infrastructure plan targets electric cars, clean power

By: Bloomberg     1st April 2021 President Joe Biden is calling for sweeping investment in electric vehicles, renewable power and the electric grid as part of a broad blueprint to bolster the US economy while combating climate change. The president’s plans, part of a $2.25-trillion infrastructure and stimulus blueprint he is... 

US President Joe Biden
US President Joe Biden
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