Barrick says big miners show interest in Pakistan copper project

Mining News Pro - Barrick Gold Corp.’s top executive says it’s not just Saudi Arabia interested in his company’s massive copper project in Pakistan — some major mining companies are, too.

Codelco ends long-term mined copper deals to China clients from 2025

Mining News Pro - Chile’s Codelco is ending long-term contracts to sell copper concentrate to Chinese clients from 2025, bidding to broaden its product offering to them after evaluating its production outlook, five sources with direct knowledge of the matter said.

A miner died in Chahargonbad copper mine, Iran

Mining News Pro - This morning, one of the miners of the Chahar Gonbad mine (affiliated to the Ncicio) in this city had an accident while working at the mining site and died instantly.

LME copper stocks rise to two-year high as demand falters

Mining News Pro - Copper stockpiles immediately available to withdraw from the world’s top metals bourse hit the highest in almost two years, adding to evidence of flagging demand.

Harmony Gold weighs CEO succession amid tilt to copper

Mining News Pro - Harmony Gold Mining boss Peter Steenkamp plans to retire at the end of next year as South Africa’s biggest gold producer by volume seeks new growth opportunities mining copper.

Antofagasta loses bid to revive Minnesota copper-nickel project

Mining News Pro - A US judge has rejected a bid by a subsidiary of Chilean mining company Antofagasta Plc to restore canceled mineral leases for a proposed $1.7 billion Minnesota copper and nickel mine, which the Biden administration had blocked over concerns it could pollute a major recreational waterway.

Russia’s largest untapped copper deposit starts concentrate production

Mining News Pro - Copper concentrate production started at Russia’s largest undeveloped copper deposit on Monday following a ceremony overseen by President Vladimir Putin via video link.

First Quantum reaches deal with Panama copper mine union, avoids strike

Mining News Pro - The Panamanian unit of Canada’s First Quantum Minerals and a workers union at the company’s key copper mine in Panama said on Saturday they had reached an agreement, avoiding a planned strike over profit sharing and wage increases.

Strike looms at First Quantum’s copper mine in Panama on impasse in wage talks

Mining News Pro - Canadian copper producer First Quantum Minerals Ltd. faces the threat of a strike at its flagship mine in Panama this weekend if union leaders and company representatives can’t agree on a wage contract for workers at the massive operation.

Zambia agrees to hand disputed copper assets back to Vedanta

Mining News Pro - Zambia has agreed to return control of Konkola Copper Mines (KCM) to Vedanta Resources, mines minister Paul Kabuswe said on Tuesday, ending a row over the ownership of the assets that erupted in 2019 when authorities seized the mines.

South African miners join race to buy Khoemacau copper mine

Mining News Pro - At least three South African miners are in the running to buy Botswana’s Khoemacau copper mine that is home to one of Africa’s largest copper deposits, several sources told Reuters, as growing demand for the metal ensures strong competition for the sought-after asset.

Copper price rises as China factory activity expands

Mining News Pro - The copper price rose on Friday after Beijing delivered a boost for China’s property sector, while a private survey pointed to a pick-up in the country’s manufacturing sector.

Europe’s top copper producer Aurubis hit by huge metals scam

Mining News Pro - Europe’s top copper producer Aurubis AG warned it may face losses in the hundreds of millions of euros after being hit by a massive scam involving shipments of scrap metal that it uses in its recycling business.

Minsur to invest at least $2bn as it expands copper, tin operations

Mining News Pro - Peruvian miner Minsur has announced an investment of at least $2 billion in five years as it expands its copper and tin operations, an executive told Reuters on Thursday.

Top copper-producing nation Chile sees mining costs jump 29%

Mining News Pro - If copper mining is any indication, there’s still plenty of work to do to bring down inflation.

Copper price set for weekly loss as China concerns sap confidence

Mining News Pro - Copper headed for a third straight weekly loss — tracking a broad slide in global risk assets — as concerns about China’s economy and widening housing crisis put markets in bearish mood.

BHP, Codelco, Freeport vie for title of biggest copper producer

Mining News Pro - There’s a three-way battle underway for the title of the world’s biggest copper producer.

Copper price set for weekly loss as China concerns sap confidence

Mining News Pro - Copper headed for a third straight weekly loss — tracking a broad slide in global risk assets — as concerns about China’s economy and widening housing crisis put markets in bearish mood.

Codelco turns to new CEO as debt piles up at top copper producer

Mining News Pro - Codelco will name its third CEO in a year in the coming weeks as Chile’s state-owned copper company struggles to turn around a slump in output and earnings. With debt at $19 billion and rising, the stakes are getting higher for bondholders.

Looking True North for copper

Mining News Pro - True North Copper has announced “exceptional” high-grade copper-cobalt-silver results from its first drillhole at the Vero resource in Queensland.

Copper price lowest in 3 months on weak economic data out of China

Mining News Pro - Copper prices fell on Friday after data demonstrating the sluggish nature of China’s post-pandemic recovery.

Codelco and Anglo American discuss mining pact to lift copper output in Chile

Mining News Pro - Codelco and Anglo American Plc are exploring options to coordinate mining activities at their adjoining copper operations in Chile in a bid to boost output and productivity, people familiar with the matter said.

Antofagasta profit jumps despite lower copper prices, boosts dividend

Mining News Pro - Chilean miner Antofagasta (LON: ANTO) posted on Thursday a 7.5% increase in half-year profit as higher copper sales more than offset lower prices for the metal, considered essential for the world’s transition to a greener economy.

Mongolia, Rio Tinto have resolved nearly all copper mine tax issues

Mining News Pro - Mongolia has settled almost all of its outstanding tax issues with Rio Tinto over development of the giant Oyu Tolgoi copper mine and is confident that the remaining issues will be resolved, the country’s prime minister told Reuters.

Freeport Indonesia secures copper export permit, plans to contest new export duty

Mining News Pro - Mining giant Freeport has obtained a license to ship copper concentrate from its Indonesian operation until May 2024, but may contest new government rules on export duties.

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