Aluminum and Copper

Mining News Pro - Rio Tinto has pushed ahead with $75 million of planned maintenance shutdown work at its two alumina refineries in Gladstone, Queensland, this year.

Mining News Pro - Miner and commodities giant Glencore said on Wednesday it will invest A$500 million to extend the life of its copper smelter and refinery in the Australian state of Queensland beyond 2022.

Mining News Pro - Gold companies are vowing to give investors a greater share of the windfall from surging prices, without losing the fiscal discipline that’s returning to the industry.

Mining News Pro - Alcoa has expanded its alumina offering to produce the industry’s first low-carbon, smelter-grade brand, EcoSource.

Mining News Pro - Junior explorer Encounter Resources has received endorsement for its Elliott copper project in the Northern Territory from mining giant BHP, with the two companies forming a joint venture (JV).

Mining News Pro - Glencore has been awarded a financial lifeline by the Queensland Government to extend the operation of its Mount Isa copper smelter and Townsville refinery beyond 2022.

Mining News Pro - Ivanhoe Mines is accelerating its Kamoa-Kakula expansion in the Democratic Republic of Congo to prepare for an expected surge in copper demand that will outstrip supply.

Mining News Pro - DGO Gold has expanded its land holding around a prospective copper target on the Stuart Shelf in South Australia, which also hosts BHP’s Olympic Dam and OZ Minerals’ Carrapateena deposits.

Mining News Pro - Teck Resources has signed a long-term agreement that will provide its Carmen de Andacollo copper operation in central Chile with 100% renewable power, eliminating 200,000 tonnes of greenhouse gas (GHG) emissions – the equivalent of taking 40,000 cars off the road – annually.

Mining News Pro - Fortescue Metals Group’s commitment to a Paterson Province copper-gold joint venture with Carawine Resources in Western Australia has been strengthened.

Mining News Pro - SolGold has commenced drilling at its Porvenir copper-gold project in southern Ecuador following receipt of all scout drilling regulatory approvals.

Mining News Pro - Rio Tinto is set to launch its first-ever closed-loop recycling solution, bringing to the North American market a new scrap take-back solution and production of high-quality alloys made with recycled content.

Mining News Pro - The Trump administration said on Tuesday it will remove 10% US tariffs on raw Canadian aluminum as long as imports of the metal stay below levels that are expected to "normalise" over the next four months.

Mining News Pro - Kodiak Copper has announced a $7.9 million private placement financing with Teck Resources, which will grant the diversified miner a 9.9% stake in the copper-focused junior.

Mining News Pro - Fitch Solutions is making a slight upward adjustment to its 2020 copper price forecast to $6,000/tonne from $5,900/tonne as it expects copper prices to roughly trade sideways for the remainder of the year, the analyst said its latest market report.

Mining News Pro - Copper prices rallied on Friday after predictions that Chinese imports of scrap metal are likely to fall by half, forcing the country to up cargoes of concentrate and unwrought copper, which are already at record levels.

Mining News Pro - Tesla is ordering giant aluminium casting presses for its assembly line in Germany.

Mining News Pro - Rio Tinto and Turquoise Hill said on Thursday they will jointly pursue debt reprofiling by engaging with existing lenders for the giant Oyu Tolgoi copper-gold-silver mine in Mongolia.

Mining News Pro - Cornish Metals reported high-grade tin-copper results from its diamond drilling program at South Crofty mine, located in the Central Mining District of Cornwall, South West England.

Mining News Pro - Newcrest Mining plans to begin the commissioning of a flotation plant at its molybdenum outpost project at the Cadia mine in New South Wales this year.

In Picture