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Antofagasta cuts expected copper output further due to Chile’s protests

5 November 2019 - 02:23
Chilean copper miner Antofagasta Plc (LON:ANTO) has cut its production forecast for 2019 as ongoing unrest and riots in the South American country have disrupted supplies to its flagship Los Pelambres mine and resulted in damage to equipment.

Codelco awards tender for desalination plant to Japan’s Marubeni

5 November 2019 - 02:19
Chile’s state copper miner Codelco said on Monday it had awarded a tender for a desalination plant for its Chuquicamata, Radomiro Tomic and Ministro Hales mines to a consortium led by Japan’s Marubeni Corp.

China’s Zijin buys Freeport’s copper-gold assets in Serbia for up to $390 million

5 November 2019 - 02:17
Zijin Mining, one of China’s biggest gold producers, said on Monday it would buy partner Freeport McMoran Inc’s copper-gold assets in Serbia for up to $390 million, substantially boosting its resources of both metals.

China’s Zijin to buy Timok copper mine in Serbia

4 November 2019 - 18:35
Chinese state-owned nonferrous metals producer Zijin Mining said today that it has agreed to buy the Timok copper and gold mine in Serbia from US-based Freeport McMoran.

BHP says Escondida copper mine in Chile operating at ‘reduced rate’

1 November 2019 - 03:02
BHP said its Escondida copper mine, the world’s largest, was operating at a “reduced rate” after union workers walked off the job for part of the day on Tuesday in solidarity with the anti-government protest movement across Chile.

Hudbay vows appeal after court affirms Arizona project ruling

1 November 2019 - 02:59
Hudbay Minerals on Tuesday vowed to appeal a court ruling that barred the Canadian miner from building a major copper mine in the United States after losing its bid to have a judge revisit the decision.

Wallbridge to work Lonmin’s Denison property

1 November 2019 - 02:57
Lonmin Canada (Loncan), a subsidiary of Sibanye-Stillwater, has appointed Toronto’s Wallbridge Mining Co. to be the operator of the advanced stage Denison nickel-copper-PGM property near Sudbury. Wallbridge has received a 20% ownership share of Loncan and a seat on the Loncan board of directors as part of the arrangement.

Atlantic Copper green credentials recognised by Spain’s BBVA

1 November 2019 - 02:38
Spanish copper producer Atlantic Copper recently agreed deals to borrow 19 million euros ($21 million) to finance six projects intended to cut the company’s energy use and reduce emissions, its managing director Javier Targetta told Reuters.

Peru lets Southern Copper keep building $1.4bn Tia Maria mine

1 November 2019 - 02:36
The Peruvian government confirmed on Wednesday it had given Southern Copper (NYSE: SCCO) permission to resume construction at its $1.4 billion Tia Maria project, in the southern Islay province of the Arequipa region.

The copper market is so bleak miners are turning to the gospel

1 November 2019 - 02:21
The mood in base-metals markets has turned so miserable that copper-mining giant Freeport-McMoRan Inc. turned to a local gospel choir to add some cheer as the industry gathers in London.
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