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Barrick mulls selling Zambia copper mine over higher taxes

22 January 2019 - 14:09
Gold giant Barrick (TSX:ABX)(NYSE:GOLD) said Monday that while it continues to engage with the Zambian government and community stakeholders about a mutually-beneficial way forward for its Lumwana copper mine, it would consider selling the operation given the “challenging conditions” it’s facing.

Copper price falls after Chinese economic growth hits 28-year low

22 January 2019 - 13:33
The copper price came under renewed pressure on Monday after headline figures showed a slowdown in the Chinese economy to annual rates of growth not seen in nearly three decades.

Turquoise Hill reports fourth quarter 2018 production for Oyu Tolgoi, 2019 guidance

19 January 2019 - 15:13
Oyu Tolgoi is expected to produce 125,000 to 155,000 tonnes of copper and 180,000 to 220,000 ounces of gold in concentrates this year, Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) reports.

Carube Copper finds high grades in Jamaica

18 January 2019 - 19:52
Following a mapping and prospecting campaign in conjunction with a grid-based soil sampling program and follow-up rock channel sampling, Carube Copper (TSXV: CUC) reported the discovery of high-grade copper-silver mineralization at its Main Ridge Project in Jamaica.

China Moly ups stake in giant Tenke copper mine to 80%

18 January 2019 - 19:08
China Molybdenum, which bought the giant Tenke Fungurume copper and cobalt mine from Freeport-McMoRan in 2016, is buying a holding company for $1.14 billion that will give it an 80%-stake in Democratic Republic of Congo’s operation.

Hudbay Minerals investor Waterton seeks to replace CEO, board

16 January 2019 - 22:57
Hudbay Minerals’ (TSE, NYSE: HBM) second-largest investor, Waterton Global Resource Management, is seeking to oust the Canadian miner’s chief executive officer and overhaul its board.

China copper imports hit record high in 2018

15 January 2019 - 13:53
BEIJING – China's unwrought copper imports rose 12.9 percent to a record annual high of 5.3 million tonnes in 2018, customs data showed on Monday, boosted by the country's crackdown on scrap metal shipments.

Murchison Minerals triples land holdings in Saskatchewan

11 January 2019 - 06:54
Murchison Minerals (TSXV: MUR) Minerals announced Thursday that it has doubled the size of the previously announced VTEM airborne survey and tripled its mineral land holdings at its 100% owned zinc/copper/silver Brabant VMS project in central Saskatchewan.

Exports from world's second-largest copper mine to drop 85%

10 January 2019 - 13:35
Concentrate exports from Indonesia's Grasberg mine, the world's second-largest copper mine, will drop about 85% this year because of a lag in output while operations shift from open pit to underground mining, a government official said on Wednesday.

Surge Exploration announces spin-out company — CuGold

10 January 2019 - 13:05
Surge Exploration (TSX‐V: SUR) announced on Wednesday that its board of directors approved a strategic reorganization of the company’s assets that would spin off its interests in the “Hedge Hog” and “Mineral Mountain” exploration projects, both copper/gold projects in British Columbia, Canada.
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