Category: Copper
Production stalled at Vedanta Resources' Konkola Copper Mines
Zambia’s Konkola Copper Mines (KCM) is not producing copper, the chief executive of the mining firm’s owner Vedanta Resources said on Friday. Vedanta is fighting Zambia’s decision this month to name a provisional liquidator to run Vedanta Resources’ 90,000 tonnes...
Zambia says Konkola mines case a "warning" to foreign investors
Zambia says its decision to punish miner Vedanta’s local operation for breaching environmental and financial regulations is a signal to other firms to follow the law, mines minister Richard Musukwa said on Thursday. Vedanta is fighting Zambia’s decision this month...
Pan Global gets access to Torrubia copper target in Spain
Pan Global Resources (TSXV: PGZ) was able to negotiate access to the Torrubia copper target in the Aguilas project, located near the city of Cordoba in southern Spain. In a media statement, the Vancouver-based company said that being able to...
Codelco chief criticizes low productivity, regulatory hurdles in Chile
The head of state-run miner Codelco, the world’s largest copper producer, said Chile’s mining industry was increasingly held back by new environmental regulations and the low productivity of Chilean workers, local daily La Tercera reported on Monday. Codelco Chief Executive...
Workers at Codelco’s Chuquicamata mine to vote on proposal to go on strike
Unionized workers at Codelco’s Chuquicamata operation rejected on Saturday the miner’s final contract negotiation offer and announced that on Tuesday and Wednesday they will be voting on a proposal to go on strike. In a communiqué made public via social...
Chile’s Codelco dismisses rumoured 40% copper output drop at Chuquicamata
Chile’s Codelco, the world’s No. 1 copper producer, has dismissed reports of a predicted 40% drop in production over the next two years due to declining ore grades and the switch of its flagship Chuquicamata mine to underground from open...
Chile's Codelco submits final proposal in Chuquicamata union negotiations
Chilean state-run miner Codelco, the world’s largest copper producer, presented its final offer in contract negotiations with three unions at its giant Chuquicamata mine on Friday as workers threatened to strike if the company does not meet demands. Workers from...
South Australia grants Havilah mineral leases for Kalkaroo project
The South Australian Minister for Energy and Mining granted Havilah Resources (ASX: HAV) three mineral leases and two miscellaneous purposes licenses for the Kalkaroo copper-gold project, located northeast of Adelaide in South Australia. In a press release, Havilah said the...
Peruvian village blockades Las Bambas copper mine again
An indigenous Peruvian community has imposed a new road blockade on Chinese miner MMG Ltd’s Las Bambas mine, one of Peru’s largest copper producers, after talks with the company over compensation broke down, a representative of the public ombudsman office...
China's MMG says Las Bambas copper operations not disrupted, talks ongoing
Chinese miner MMG Ltd’s operations at its Las Bambas mine, one of Peru’s largest copper producers, have not been disrupted and talks with an indigenous Peruvian community are ongoing, the miner said on Wednesday. The Fuerabamba community had imposed a...
Aurubis buys recycler Metallo in move beyond copper
Aurubis, Europe’s biggest copper smelter, said on Wednesday it had agreed to buy Belgian-Spanish recycling company Metallo Group for 380 million euros ($424 million) as part of an acquisition-led shift into other metals. “Due to megatrends such as smart homes,...
Hudbay said to prepare sale of Arizona copper mine stake
Hudbay Minerals Inc. is preparing a sale of a stake in one of the largest copper mines under development in the U.S. as an investor pushes the company to review its portfolio, people familiar with the matter said. The Toronto-based...