Category: Copper

Southern Copper wins auction for massive Peru copper project

An auction for the $2 billion Michiquillay copper project in Peru attracted 10 interested companies according to Peru’s government investment agency Proinversión with Southern Copper Corp declared the winner on Tuesday . Reuters reports Southern Copper won the tender with a...

/ February 21, 2018

Battery-technology metals to leave gold, silver in the dust: readers

A whopping two-thirds of MINING.com readers say battery-technology metals will perform better than precious or base metals in 2018. The survey, which ran last month ahead of the Vancouver Resource Investment Conference 2018, asked our readers how the materials needed...

/ February 18, 2018

Drilling for copper and gold could start this year near Mount St. Helens

Image of Mount St. Helens by Ewen Roberts, via Flickr Creative Commons license.  The U.S. Forest Service signed off on exploration for copper, gold and other minerals on 900 federal acres that lie just outside the Mount St. Helens National...

/ February 12, 2018

BMW mining deals imminent as cobalt price powers on – report

Image: Shutterstock Copper and base metals markets are having terrible week, but the rally in the price of cobalt shows no signs of fizzling out. The metal quoted on the LME rose to a fresh 9-year peak of $81,500 a tonne...

/ February 10, 2018

Former millwright suing Copper Mountain for wrongful dismissal

A former millwright with Copper Mountain Mining Corp. (TSX:CMMC) is suing the company for wrongful dismissal, claiming he and others labelled “union sympathizers” were harassed and bullied in a “highly poisonous work environment.” Plaintiff Gordon MacMillan filed a notice of...

/ February 9, 2018

Why Tesla is turning to Chile for its lithium: Andy Home

By Andy Home, columnist for Reuters. Tesla, the pioneer of the electric vehicle revolution, is turning to Chile to secure the lithium it needs to power its mass production drive. Tesla and Chilean lithium producer SQM are “exploring” opportunities after...

/ February 8, 2018

Investment poised to increase in Chile – central bank survey

Chile’s economy is poised to improve by mid-year as rebounding copper prices and President-elect Sebastian Pinera’s promise of business-friendly policies increase optimism among investors, according to a central bank survey released on Tuesday. The study, which surveyed the perceptions of...

/ February 7, 2018

Monday massacre: Gold price rises as stocks crater

Amid carnage on stock markets Monday, the most active gold futures contract on the Comex market touched a high of $1,345 an ounce, up 0.6% compared to Friday’s settlement. Volumes were massive with nearly 30m ounces of April delivery gold...

/ February 6, 2018

Southern Copper surprises with $287.5 million net loss in fourth quarter

Southern Copper Corp surprised the market by reporting a $287.5 million net loss in the fourth quarter on Friday, citing a $743.3 million one-time payment related to U.S. tax reform. Analysts had forecast a $419 million net profit for the...

/ February 3, 2018

Rio Tinto autonomous trucks now hauling a quarter of Pilbara material

Mining giant Rio Tinto’s (ASX, LON, NYSE: RIO) driverless trucks fleet has achieved a major milestone as it moved its one-billionth tonne of material in Western Australia’s Pilbara region last month, the company said. The figure corresponds to roughly 25%...

/ January 30, 2018

Copper deals off to best start in 12 years as prices surge

Copper mining deals are off to the best start in at least 12 years — and more money could be pouring into the sector this year. More than $500 million in transactions are pending or were completed so far this...

/ January 29, 2018

Rio Tinto lifts force majeure at Kennecott copper mine

World’s second largest mining company Rio Tinto (ASX, LON:RIO) has lifted force majeure on shipments of refined copper from its Kennecott unit in the U.S., 79 days after adopting the measure. The company halted production of refined copper at its...

/ January 27, 2018