Aluminum and Copper

Mining News Pro - Turquoise Hill said on Thursday hedge fund Odey Asset Management’s letter to its majority owner Rio Tinto contained a number of false assumptions and misinformation about the company and its funding plan.

Mining News Pro - BHP plans to ramp up work at the ongoing $2.5 billion expansion of its Spence copper mine in Chile, as measures taken to stop the spread of covid-19 this year set completion of the project back.

Mining News Pro - Nevada Copper is making progress to secure additional financing for its ramp-up operations heading into 2021. The company has agreed to non-binding terms with its senior lender, KfW IPEX-Bank, for a new $15 million loan with a three-year tenor at an interest rate of LIBOR plus 4.9%.

Mining News Pro - London investment firm Odey Asset Management has accused Turquoise Hill of destroying value through lack of action over problems at Oyu Tolgoi.

Mining News Pro - Chile’s Codelco, the world’s top copper miner, said on Monday it was seeking talks with its counterpart in Ecuador after it failed to deliver on a bargain struck in 2019 to jointly develop the Llurimagua project in the tropical South American nation.

Mining News Pro - One of the unions on strike at Chile’s Candelaria copper mine accepted a 30-month collective agreement from Lundin Mining Corp on Friday, the company and the union said.

Mining News Pro - A worker´s union at Antofagasta Minerals’ Centinela copper mine in Chile is preparing to vote next week on a contract offer but says it will likely reject it, paving the way for a strike at the deposit, the union chief told Reuters on Friday.

Mining News Pro - The Northern Miner’s Global Mining Symposium virtual conference this week – the second one this year – was another resounding success, with thousands of viewers tuning in from around the world to hear the views of some of the industry’s leading visionaries and entrepreneurs.

Mining News Pro - Zambia produced 646 111 t of copper between January and September 2020, up from 590 321 t in the same period last year, Mines Minister Richard Musukwa said on Thursday, attributing the 9.45% rise to increased mine output.

Mining News Pro - Peru, the biggest copper-producing nation after Chile, bounced back from hard lockdowns to post double-digit output growth mid year. The next stage of its recovery is proving slower.

Mining News Pro - One of the unions on strike at Chile’s Candelaria copper mine, owned by Canada’s Lundin Mining Corp, rejected a contract offer from the company on Tuesday, confirming the work stoppage would continue.

Mining News Pro - Zambia expects to conclude talks over buying Glencore Plc’s stake in Mopani copper mines Plc within a month, according to Barnaby Mulenga, permanent secretary in the Ministry of Mines.

Mining News Pro - Chile’s Spence copper mine, owned by BHP Group Ltd, said on Saturday it had struck an early deal with its union of supervisors on a contract that will run until November 2023.

Mining News Pro - OZ Minerals is set to invest $47 million towards the expansion of its Prominent Hill copper-gold mine in South Australia.

Mining News Pro - Pakistan is in talks with Tethyan Copper to settle a $5.8 billion dispute around the Reko Diq copper project, two senior Pakistani officials told Reuters on Thursday.

Mining News Pro - Chile’s Codelco, the world’s largest copper producer, has extended mining at its century-old open pit Chuquicamata mine for an extra year as the operation has yielded more than 30,000 tonnes of additional fine copper so far this year.

Mining News Pro - Teck Resources is partnering with TransLink, Vancouver Coastal Health, VGH & UBC Hospital Foundation, Coalition for Healthcare Acquired Infection Reduction and the University of British Columbia to test antimicrobial copper coatings on high-touch transit surfaces in Vancouver, Canada.

Mining News Pro - Japan’s top smelter, JX Nippon Mining & Metals, is buying a stake in its majority-owned Caserones copper mine in Chile, which was put up for sale on Monday by its partners in the operation Mitsui & Co and Mitsui Mining and Smelting.

Mining News Pro - Ivanhoe Mines (TSX: IVN) announced on Monday that overall development of the Kakula copper mine in the Democratic Republic of Congo (DRC) is more than 58% complete, with first concentrate from the initial 3.8-million-tonnes-per-annum (Mtpa) concentrator plant on track for July 2021.

Mining News Pro - Chile’s world-leading copper industry will see investment lag for at least two years as the country rewrites a constitution that underpinned nearly three decades of mining growth in the South American nation, a senior mining official told Reuters.

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