Keyword: "copper"

Mining News Pro - Canada’s Ivanhoe Mines said Friday that initial capital costs for its Kakula copper mine in the Democratic Republic of Congo is now estimated at $1.3 billion, and 18% increase over planned costs.

Mining News Pro - CEO of National Iranian Copper Industries Company said that the company already hit the last year’s export in the first half of this year and hopes that the export situation will get better in H2. He believes that mining operations of NICICO must reach over 350 mt.

Mining News Pro - Canada’s Ivanhoe Mines (TSX:IVN) said Friday that initial capital costs for its Kakula copper mine in the Democratic Republic of Congo (DRC) is now estimated at $1.3 billion, and 18% increase over planned costs.

Mining News Pro - BHP said its Escondida copper mine, the world’s largest, was operating at a “reduced rate” after union workers walked off the job for part of the day on Tuesday in solidarity with the anti-government protest movement across Chile.

Mining News Pro - Ecuador is moving forward with plans to move from an explorers hotspot to mining exporter as the country’s only large-scale copper mine readies to ship its first large cargo in November.

Mining News Pro - The Lusaka High Court issued a ruling this week that could potentially allow for the Kangaluwi copper project to go ahead within the boundaries of the Lower Zambezi National Park, to the south of Zambia near the Zimbabwean border.

Mining News Pro - Miner and commodities trader Glencore reported on Friday a 4% fall in copper output so far this year and cut 2019 guidance as it readies to halt some operations in the Democratic Republic of Congo.

Mining News Pro - Miner Anglo American Plc on Tuesday forecast lower full-year copper production, as it grapples with a water shortage in Chile, while raising the annual iron-ore production outlook for its Minas-Rio mine in Brazil.

Mining News Pro - Unionized workers at Chile’s Escondida copper mine, the world’s largest, will stage a 24 hours-long strike on Tuesday in solidarity with ongoing massive protests sparked by a now suspended metro fare hike, as locals vent their discontent over the high cost of living and extreme inequality in one of Latin America’s most stable nations.

Mining News Pro - Researchers at the University of Queensland’s Sustainable Minerals Institute published a study where they show that environmental, social and governance challenges have the potential to significantly impact the global supply of metals.

Mining News Pro - Chile’s Codelco, the world’s largest copper producer, said on Monday that it is evaluating the closure of its Ventanas copper smelter in a polluted coastal region.

Mining News Pro - Geospatial intelligence company Earth-i, in collaboration with Britain-based commodities broker Marex Spectron and the European Space Agency, will launch next week a satellites-based service monitoring the up-to-date operational status of up to 90% of the world’s copper smelters.

Mining News Pro - CEO of National Iranian Copper Industries Company mentioned the Minex exhibition and said: “Currently, development and efflorescence of mining industry depends on recognizing and creating investment opportunities.”

Mining News Pro - The price of copper weakened again on Thursday amid the worst US factory conditions in a decade and near-record bearish bets on futures markets on the bellwether metal.

Mining News Pro - Global mined copper output dropped in the first six months of the year by 1.4% to nearly 9.92 million tonnes, mainly due to weather disruptions in the world’s top producer, Chile, and the transition of two mines in Indonesia to different ore zones.

Mining News Pro - Peru expects its copper production to grow 27% and gold output to expand 12% in the next three years by 2022, the country’s energy and mines minister said on Thursday.

Mining News Pro - The price of copper dropped on Monday amid intensifying worries about China’s economic slowdown, particularly in manufacturing, vital to overall demand for the bellwether metal.

Mining News Pro - National Iranian Copper Industries Company has produced 110 thousand tons of copper cathode in the first five months of the year.

Mining News Pro - China’s unwrought copper imports fell in August after a bounce in the previous month, customs data showed on Sunday, as a slowdown in the world’s top copper consumer raises concerns over demand for the metal, while aluminium exports also dipped.

Mining News Pro - Private Chilean copper producer Mantos Copper has secured $250 million to fund the expansion of the sulphides concentrator at its Mantos Blancos operation, which will extend the life of the open-pit mine until 2035 and reduce costs.

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