R/€ = 17.01 Change: 0.04
R/$ = 16.30 Change: 0.03
Au 1809.43 $/oz Change: 0.57
Pt 887.00 $/oz Change: 1.00

Copper News

China Moly says 'significant progress' made on Tenke mine dispute

By: Reuters     31st March 2022 China Molybdenum said "significant progress" had been made on a dispute regarding the Tenke Fungurume copper and cobalt mine (TFM) in the Democratic Republic of Congo (DRC). The dispute between China Moly and Democratic Republic of Congo's state mining company Gecamines, which hold 80% and 20%... 

Biden’s battery-metal push does nothing to ease mining permit bottleneck

By: Bloomberg     31st March 2022 The US is set to give the mining industry a key tool to boost domestic production of metals behind the energy transition -- but nothing that speeds up efforts to dig ore out of the ground. President Joe Biden is poised to add battery metals to the list of items covered by the 1950 Defense... 

An image of US President Joe Biden
US President Joe Biden

Chile's former Energy Minister appointed new Codelco chair

By: Reuters     31st March 2022 Chilean President Gabriel Boric on Wednesday named former Energy Minister Maximo Pacheco as the new board chairman for State-owned miner Codelco, the world's largest copper producing company. Pacheco held the role of energy minister from 2014 to 2016 during socialist ex-President Michelle... 

Biden poised to use Cold War powers to boost battery metals

By: Bloomberg     31st March 2022 President Joe Biden is poised to invoke as soon as this week Cold War powers to encourage domestic production of critical minerals for electric-vehicle and other types of batteries, according to people familiar with the matter. The White House is discussing adding battery materials to the list... 

An image of the White House

Friedland sees logistics cost squeeze easing

By: Reuters     30th March 2022 High shipping costs have posed a "challenge" for Democratic Republic of Congo-focused copper producer Ivanhoe Mines, but an alternative route to port via Angola should ease the squeeze, co-chairperson Robert Friedland said on Wednesday. "Worldwide shipping costs have gone crazy for everybody,"... 

Green energy transition presents ‘unparalleled’ opportunity for Zambia  

By: Darren Parker     30th March 2022 The green energy transition presents an “unparalleled” opportunity for Zambia, but for it to work, the mining sector needs a fair, predictable and stable regulatory framework, law firm Herbert Smith Freehills partner and Africa co-chair Peter Leon said during an address at the Chatham House... 

Zambian President Hakainde Hichilema
Zambian President Hakainde Hichilema

BHP urges better investment climate in Chile to unleash $10bn spend

By: Esmarie Iannucci     30th March 2022 Diversified miner BHP could potentially invest as much as $10-billion into its Chilean copper ambitions, if given the right incentive, president for operations minerals Americas, Rag Udd told the World Copper Conference. He told delegates that BHP was focused on growing its copper output in... 

BHP's Spence operations in Chile
BHP's Spence operations in Chile

Critical minerals, infrastructure and jobs big takers in Budget

By: Esmarie Iannucci     30th March 2022 The Australian resources sector has welcomed the government’s investment initiatives unveiled in the 2022-23 Budget. The 2022-23 Budget measures include a A$200-million spend over five years for the Critical Minerals Accelerator Initiative, and a A$50.5-million spend over three years for a... 

Image shows Australian flag and crest

Africa has prime opportunity to provide commodities usually supplied by Russia

By: Marleny Arnoldi     29th March 2022 As Western Europe accelerates a structural transition away from Russian energy dependence, Africa will play a salient role in filling this void, says Oxford Economics Africa (OEA). During a webinar on March 29, the research company unpacked how a more pressing shift towards renewable energy and a... 

Rio Tinto defends Turquoise offer, says will 'deliver value for all stakeholders'

By: Reuters     29th March 2022 Rio Tinto on Tuesday said its offer to buy the 49% of Turquoise Hill Resources it does not already own for about $2.7-billion will "deliver value for all stakeholders" as it develops a massive copper and gold mining project in Mongolia. The mining giant is facing rising pressure from Turquoise... 

Antofagasta expects high copper prices for next 12 months, CEO says

By: Reuters     29th March 2022 The copper market has solid fundamentals despite current market volatility and will maintain high prices for at least the next 12 months, Ivan Arriagada, CEO of Chile's Antofagasta, forecast. In an interview with Reuters during the CRU-CESCO World Copper Conference in Santiago, Arriagada also... 

An image of  Ivan Arriagada
Antofagasta CEO Ivan Arriagada

Codelco may partly privatise some assets

By: Reuters     29th March 2022 Chile's Codelco, the world's largest copper producer, is preparing to offer the market some "non-core" exploration assets, signaling a rare privatization for the state-owned mining firm, a senior executive said on Monday. Patricio Vergara, vice president of mining resources and development at... 

Miners gather in copper capital facing ‘another world’ of tumult

By: Bloomberg     29th March 2022 The last time the copper industry gathered in Santiago, prices were below $3/lb amid concerns over a slowdown in Chinese demand, and there was little talk of supply-chain woes or inflation. Now the executives, bankers and traders drifting in to the Chilean capital for the first in-person version... 

Anglo looks to the sea as water scarcity hits Chile copper mines

By: Bloomberg     29th March 2022 With no letup in Chile’s years-long drought, Anglo American is looking at developing a desalination project in partnership with State-owned Codelco, Japan’s Mitsui & Co. and a local water utility. The proposal is to build a plant on the coast of the Valparaiso region that would produce drinking... 

Past-producing eastern Quebec copper mine back in focus

By: Mariaan Webb     29th March 2022 Exploration and development firm Osisko Metals is looking at the former-producing Gaspé Copper, which during its past life was one of the biggest copper operations in eastern Quebec. Osisko has an exclusive option to acquire 100% of the Gaspé mine from commodities major Glencore for a... 

Past-producing eastern Quebec copper mine back in focus

Green hydrogen energy supply to local communities envisaged by Anglo 

By: Martin Creamer     28th March 2022 The green hydrogen footprint being developed by Anglo American could be extended to provide low-cost and efficient energy to local communities. Anglo, which is advancing towards using green hydrogen to replace diesel in the huge haul truck it is building at Anglo American Platinum’s Mogalakwena... 

Creamer Media picture taken at South Africa Investment Conference
Photo by Creamer Media's Donna Slater
Anglo American CEO Mark Cutifani.

Zambia to cap number of mining licences issued to single firms

By: Reuters     28th March 2022  Zambia, Africa's second-largest copper producer, said it plans to limit the number of mining licences that a company can hold at a time to curb speculation and promote investment. The ministry of mines last month suspended the issuance of mining licenses and commissioned an audit in response to... 

Spain truckers’ union strike disrupts supply chains – Orvana

By: Creamer Media Reporter      28th March 2022 Toronto-listed Orvana Minerals said on Friday that it had temporary suspended its Orovalle operations, in Spain, citing a lack of timely supply of materials caused by a national strike of transportation services. 

Peru community plans opposition to Las Bambas mine expansion

By: Reuters     28th March 2022 A Peruvian community has threatened to oppose the expansion of MMG's major Las Bambas copper mine, according to a document seen by Reuters, hinting at a new flashpoint for the project shortly after the state approved the increase in production. Located in the Apurimac region of southern Peru,... 

WA miners contributed A$100bn to Australian economy - CME

By: Esmarie Iannucci     28th March 2022 Data released by the Chamber of Minerals and Energy for Western Australia (CME) has shown that the mining and resources sector had contributed some A$100-billion to the Australian economy. The CME said on Monday that an analysis of 56 Western Australian resources sector companies has found the... 

Bokoni platinum mine is large, high-grade opportunity, says African Rainbow Minerals 

By: Martin Creamer     25th March 2022 The Bokoni platinum group metals (PGM) mine being acquired for R3.5-billion by African Rainbow Minerals (ARM) hosts South Africa’s second largest PGM resource, with ready-built mining and processing plant infrastructure on site. Bokoni provides greater exposure to palladium and is close to ARM’s... 

Screenshot of ARM slide.
Increases ARM's combined platinum group metals resource base to 266-million ounces.

Zijin to stop copper smelter in Serbia for overhaul

By: Reuters     24th March 2022 - The Serbian arm of China's Zijin Mining plans to stop production at its copper smelter for three months to carry out a planned work, it said in a statement on Thursday. Serbia's only copper smelting complex in the eastern town of Bor will be halted from April 20 until the end of July for... 

Peru approves expansion of Las Bambas copper mine despite protests

By: Reuters     24th March 2022 MMG on Thursday said it has secured approval from Peru's Ministry of Energy and Mines to expand its Las Bambas copper mine despite ongoing outrage from local indigenous communities. Located in the Apurimac region of southern Peru, the Chinese-owned mine has been a flashpoint of protests and road... 

Peru approves expansion of Las Bambas copper mine despite protests

Namibia Ministry ordered to file defence affidavit for Haib licence refusal by April 22

By: Tasneem Bulbulia     24th March 2022 Mineral exploration and development company Deep-South Resources reports that, at a hearing held on March 22, the judge ordered the legal counsel of the Ministry of Mines and Energy of Namibia to file its defence affidavit in the refusal of a licence for the Haib copper project by April 22 at the... 

Jubilee sees the benefits of its investment in growth projects

By: Tasneem Bulbulia     24th March 2022 Aim- and AltX-traded metals processing company Jubilee says the six months ended December 31, 2021 marked a period of significant investment, with £35-million, or about R750-million, having been invested into its South African and Zambian operations. This lays the foundation for sustained growth... 

Barrick Gold sees scope to grow Zambia copper output

By: Bloomberg     24th March 2022 Barrick Gold Corp., the world’s second-biggest producer of the precious metal, sees opportunity to grow its copper production in central Africa, especially with a pro-business government having won power in Zambia last year, CEO Mark Bristow said. The company already operates the Lumwana copper... 

Eagle Mountain raises funds for US exploration

By: Esmarie Iannucci     24th March 2022 Copper/gold explorer Eagle Mountain Mining is hoping to raise A$16-million through a share issue to fund exploration work at its Oracle Ridge copper mine, in Arizona. The ASX-listed company told shareholders it had received firm commitments for the placement of 35.5-million shares, at a price of... 

Another accident disrupts Zambia's Mopani Copper Mines

By: Reuters     23rd March 2022 Zambia's Mopani Copper Mines on Wednesday reported a second fatal accident in three days at the mine, saying a 35-year-old contractor worker died on Tuesday after falling through the roof of a copper concentrate storage shed. Operations at the smelter concentrate shed where the accident occurred... 

Rio Tinto takes option on Nevada copper project

By: Mariaan Webb     23rd March 2022 Vancouver-based junior Lion Copper and Gold has entered into an option to earn-in agreement with Rio Tinto to advance studies and exploration at Lion’s copper assets in Mason Valley, Nevada. Rio Tinto will have the option to earn a 65% interest in the assets, including 13 900 ha of land, the... 

Kamoa-Kakula starts hot commissioning of Phase 2 plant

By: Marleny Arnoldi     22nd March 2022 TSX-listed Ivanhoe Mines has announced the start of hot commissioning of Phase 2 of its Kamoa-Kakula concentrator plant, in the Democratic Republic of Congo. First ore was introduced into the Phase 2 milling circuit on March 21, producing first copper concentrate successfully four months ahead... 

Kamo-Kakula's Phase 1 processing plant
Kamo-Kakula's Phase 1 processing plant

Zambia's 2021 copper production falls by 4.5% – statistics agency

By: Reuters     22nd March 2022 Copper production in Zambia dropped to 800 696 t last year from 837 996 t the year before, data obtained from the nation's statistics agency showed on Tuesday. Zambia's cobalt production also dropped to 247 t last year from 316 t a year earlier, according to the Zambia Statistics Agency. 

First Quantum to power Zambia copper mines with wind, solar

By: Bloomberg     22nd March 2022 First Quantum Minerals plans to power its copper mines in Zambia through a $500-million solar and wind energy installation funded by a TotalEnergies-backed company and Chariot. Electricity shortages have, in the past decade, hurt mining operations in the southern African nation that relies... 

Parliaments must act swiftly to reduce climate change – Mapisa-Nqakula  

By: Martin Creamer     22nd March 2022 National Assembly speaker Nosiviwe Mapisa-Nqakula on Monday urged heads of the world's Parliaments gathering at the 144th plenary assembly of the Inter-Parliamentary Union to undertake all necessary efforts to deal with climate change through oversight and the constitutional powers of the... 

South Africa's National Assembly speaker Nosiviwe Mapisa-Nqakula
South Africa's National Assembly speaker Nosiviwe Mapisa-Nqakula

Lithium battery capacity to grow five-fold - Woodmac

By: Esmarie Iannucci     22nd March 2022 Advisory firm Wood Mackenzie (Woodmac) has flagged a potential five-fold increase in global cumulative lithium-ion battery capacity, to 5 500 GWh between 2021 and 2030. Woodmac on Tuesday said that the Asia Pacific region, led by China, accounted for 90% of the world’s battery manufacturing in... 

KGL strikes copper deal with Glencore

By: Esmarie Iannucci     22nd March 2022 ASX-listed KGL Resources has inked a binding offtake agreement with mining major Glencore over all of the copper concentrate to be produced at its Jervois mine, in the Northern Territory. The evergreen agreement would have minimum term of five years from the start of commercial production with... 

Barrick reaches restart agreement at Reko Diq

By: Esmarie Iannucci     21st March 2022 NYSE and TSX-listed Barrick Gold has flagged the possible restart of its Reko Diq copper/gold project, in Pakistan, after reaching a framework agreement with the Pakistan and Balochistan governments. Operations at Reko Diq were suspended in 2011 due to a dispute over the legality of its... 

Turquoise Hill investor Pentwater says $2.7bn Rio bid too low - letter

By: Reuters     18th March 2022 Activist investor Pentwater Capital Management, the largest minority shareholder of Canada's Turquoise Hill with a 10% stake, has rejected a $2.7-billion bid for the copper producer by Rio Tinto as too low. Anglo-Australian Rio Tinto on Monday proposed to buy out the 49% minority shareholders in... 

Turquoise Hill investor Pentwater says $2.7bn Rio bid too low - letter

Anglo partnership secures 100% renewable energy supply for South Africa operations 

By: Martin Creamer     18th March 2022 Diversified mining and marketing company Anglo American has signed a memorandum of understanding with global renewable energy company EDF Renewables to work together towards developing a regional renewable energy ecosystem in South Africa. The regional renewable energy ecosystem is expected to be... 

Picture supplied.
Anglo American management board chairperson in South Africa Nolitha Fakude.
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