Top 10 largest copper mining companies in Q1 2022

Mining News Pro - Chile’s Codelco was the world’s largest copper mining company in Q1 2022 (based on attributable copper tonnes). Freeport-McMoRan solidified its second position in the ranking due to production increase at Grasberg.

Copper price at 16-month low as slowdown fears hit industrial metals market

Mining News Pro - Copper prices fell to a 16-month low on Thursday as fast-rising interest rates and weak economic data fanned fears of a global slowdown that would reduce demand for metals.

Codelco reaches agreement with workers to end strike

Mining News Pro - Chile’s state-owned Codelco, the world’s largest copper producer, reached an agreement with workers on Thursday to end a nationwide strike over the closure of a troubled smelter in a highly polluted region of central Chile.

Peruvian government to extend tax refund benefit to mining

Mining News Pro - During his intervention at the 2022 PDAC conference in Toronto, the Peruvian minister of economy and finance, Óscar Graham, announced that his government will extend to 2025 the tax refund benefit to mining and oil exploration, which was scheduled to end in December 2022.

Codelco unions ready strike after troubled Chile smelter shuttered

Mining News Pro - Workers at Chilean state-owned miner Codelco, the world’s largest copper producer, said on Saturday they will start preparations for a national strike after the firm announced the closure of the troubled Ventanas smelter.

Antofagasta sees full-year production at bottom end on Los Pelambres issues

Mining News Pro - Chilean miner Antofagasta said on Wednesday that expects full-year copper production to be at the bottom end of ts previous guidance of 660-690,000 tonnes, following operational issues at its flagship Los Pelambres mine in the home country.

Iran Alumina Company has 4 ongoing development projects

Mining News Pro - According to the company, there are 4 ongoing projects with 50 to 80 percent progression.

Iran Alumina Company is one of major alumina powder suppliers

Mining News Pro - According to the Iran Alumina Co., this company supply the raw material of 7 private companies.

Copper’s outlook under threat as economic risks pile up

Mining News Pro - Copper is under assault from various risks that threaten to undermine the prospects of the key metal needed to wean the world off of fossil fuels, according to CRU Group’s Vanessa Davidson.

Aluminum deals on hold, show growing concerns over price outlook

Mining News Pro - Annual US aluminum sales contract talks are starting later than usual this year as buyers hold off in the hope that further price declines will enable to them to get better terms.

Argentina offers tax sweeteners to encourage fledgling copper sector

Mining News Pro - Argentina said on Monday it would introduce a new optional tax regime for copper producers that could potentially lower export duties in an effort to jumpstart national production.

Copper price slips as China demand woes resurface

Mining News Pro - The copper price fell on Monday, as a stronger US dollar and renewed worries over demand due to partial lockdowns in China weighed on sentiment.

Chile and Ecuador restart copper talks after yearslong impasse

Mining News Pro - After a yearslong deadlock, Ecuador and Chile have resumed negotiations over a partnership to develop a major copper deposit just as demand for the wiring metal is set to surge in a nascent clean-energy transition.

Copper more effective than silver in killing covid virus

Mining News Pro - Researchers at Ruhr-University Bochum investigated ways to make copper and silver release even more ions than they normally would as a result of corrosion, a process that helps prevent the growth of bacteria or kill them completely.

Copper price slips after new China lockdowns

Mining News Pro - The copper price slipped on Thursday after parts of Shanghai began imposing new covid lockdown restrictions.

Peru communities to allow Las Bambas copper mine restart after 51-day shutdown

Mining News Pro - A group of indigenous Peruvian communities on Thursday agreed to temporarily lift a protest against MMG Ltd’s Las Bambas copper mine that forced the company to halt operations for more than 50 days, the longest in the mine’s history.

New production records for NICICO

Mining News Pro - CEO of National Iranian Copper Industries Company said that there have been remarkable records in copper cathode, copper concentrate, and sulfuric acid production in the first month of this new year.

New Li-ion battery can operate below zero and above 50 degrees Celsius

Mining News Pro - Researchers at the Shenzhen Institute of Advanced Technology of the Chinese Academy of Sciences have come up with a solution to the safety issues that lithium-ion batteries experience below 0℃ or above 50℃.

Hudbay Minerals needs $1.9bn for Copper World project in Arizona

Mining News Pro - Canada’s Hudbay Minerals unveiled Wednesday a preliminary economic assessment (PEA) for its Copper World Complex in Arizona, which includes recently discovered deposits at the property as well as the Rosemont asset.

Mongolia urges transparency as Rio Tinto seeks control of Oyu Tolgoi

Mining News Pro - A top official at the giant Oyu Tolgoi copper-gold mining project in Mongolia has called for greater transparency and more power to the local management, as global miner Rio Tinto looks to buy out the troubled project.

Peru calls for new Las Bambas talks as police hint at eviction plan

Mining News Pro - Peru’s government on Tuesday called for a new round of talks with protesting indigenous communities that have forced MMG Ltd’s Las Bambas mine to suspend operations for over a month, as the police suggested that they were ready to intervene.

Russian mine in Arctic evacuated after smoke reported, Nornickel says

Mining News Pro - Russian miners working at the Komsomolsky mine in the Arctic city of Norilsk were evacuated on Sunday after smoke was reported at the facility, its operator said.

Peru cabinet seeks solution for Las Bambas crisis as leftists urge nationalization

Mining News Pro - Peru’s Cabinet was meeting on Friday to try and find a truce to the ongoing conflict that has paralyzed operations at MMG Ltd’s Las Bambas copper mine, as some left-wing lawmakers suggest nationalizing the company would be the solution.

Demand for green metals from recycling expected to grow

Mining News Pro - As the ESG spotlight shifts onto the mining and metals sector, there is increased interest in recycling as a source of green metals, a recent report by White & Case states.

The big changes of the copper supply chain

Mining News Pro - Covid-19 laid bare many of the vulnerabilities of the mining supply chain, particularly in copper. We consider the potential solutions to reduce fragmentation.

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