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...

/ June 1, 2019

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...

/ May 31, 2019

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...

/ May 29, 2019

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...

/ May 28, 2019

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...

/ May 27, 2019

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...

/ May 26, 2019

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...

/ May 25, 2019

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...

/ May 24, 2019

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...

/ May 24, 2019

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...

/ May 23, 2019

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,...

/ May 23, 2019

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...

/ May 22, 2019