Category: Copper

Nothing seems to matter in copper markets, except the trade war

Here’s a sign of how all-dominating the trade war has become in metals markets: Copper is slumping toward a three-month low even after Zambia moved closer to nationalizing some of its mines. The lack of a reaction is even more...

/ May 21, 2019

BHP joins forces with prospect generator to explore Mexican copper project

Dr. John-Mark Staude, president and CEO of Riverside Resources, sits down with Maurice Jackson of Proven and Probable to discuss his company’s just-announced exploration funding agreement with BHP. Maurice Jackson: Joining us for a conversation is Dr. John-Mark Staude, the...

/ May 20, 2019

Aurubis confirms bleak profit outlook on lean markets, shutdowns

Aurubis AG, Europe’s largest copper producer, on Wednesday confirmed a reduced full-year earnings forecast on weak market environment and plant shutdowns, while posting a slump in its quarterly earnings. Aurubis expects operating pre-tax earnings (EBT) in its 2018/19 fiscal year...

/ May 18, 2019

Trump administration opens up Minnesota wilderness area to copper mining

The U.S. Interior Department on Wednesday renewed two mineral leases near the Boundary Waters Wilderness area in Minnesota, a key step in opening the popular wilderness and recreation area up to copper mining despite heavy opposition from local and national...

/ May 17, 2019

Poland’s KGHM hits production record thanks to Sierra Gorda copper mine

Polish miner KGHM (WSE:KGH), Europe’s second-largest copper producer, hit record output in the first three months of the year, thanks partly to improved production at its money-sucker Sierra Gorda mine in Chile. The state-controlled company, which has been criticized for the...

/ May 17, 2019

Chile's Codelco strikes labor deal with supervisors at Salvador mine

State miner Codelco, the world’s top copper producer, said on Wednesday that it had agreed on a new labor contract with the union of supervisors at its small Salvador mine in northern Chile. The union and company had entered into...

/ May 16, 2019

Over 40% of minority shareholders of Turquoise Hill oppose independent directors

A large proportion of the minority shareholders in Rio Tinto Plc-controlled Turquoise Hill Resources voted against the re-election of the company’s independent directors on Tuesday. While all seven directors were re-elected to the board, according to a Turquoise Hill filing,...

/ May 15, 2019

Orvana squeaks out $3m profit in Q2, moves into Argentina

Toronto-based junior miner Orvana Minerals (TSX: ORV) posted a relatively strong fiscal second quarter ended March 31, 2019, with good performance from its two operating mines: the Don Mario gold mine in Bolivia and the El Valle gold-copper mine in...

/ May 15, 2019

FEATURE: Mining for Millennials

It has been said there is a massive paradigm shift going on in the world – a shift that is only slightly perceptible to some – but one that is already revolutionizing the mining industry.    Picture an image of a city block at the...

/ May 14, 2019

Amazon rainforest is ours and not yours, Brazil tells the world

Managing the world’s largest rainforest is a Brazilian affair and foreigners should stop meddling in the Amazon, President Jair Bolsonaro’s top security adviser said in an interview. “I don’t accept this idea that the Amazon is world heritage, this is...

/ May 11, 2019

Forum Energy Metals inks $30m option with Rio on Janice Lake

Vancouver- based junior Forum Energy Metals’ (CVE:FMC) stock exploded 75% Thursday morning, after it was announced the company had  signed an option agreement with Rio Tinto Exploration Canada (RTEC) to earn an interest in the Janice Lake property in north-central Saskatchewan....

/ May 10, 2019

Nevada Copper inks $115m deal to construct Pumpkin Hollow

Nevada Copper Corp’s (TSX: NCU) announced a series of deals on Wednesday to finance its 100%-owned Pumpkin Hollow copper project through to completion targeted for the final quarter of the year. The company HQ’ed in Reno, Nevada entered into a $115...

/ May 9, 2019