Global copper supply at risk as workers vote to strike

Mining News Pro - A tightening global copper market is facing the real possibility of simultaneous strike disruptions at three mines in Chile, the top producer.

Codelco lifts copper output in boost to tight market

Mining News Pro - Codelco’s sales surged last quarter as the world’s biggest copper supplier ramped up production just as rebounding economies sent prices of the metal to record highs.

Venturex goes underground, changes name

Mining News Pro - Venturex Resources on Monday unveiled a rebrand, with the company’s base metal assets now to be supported by an underground services arm.

China’s scrap rebalancing act could derail recovery

Mining News Pro - Surging Chinese scrap copper imports that have doubled in the first half of 2021 are displacing to some extent refined cathode, concentrate, anode and blister imports, with analysis by Roskill predicting the situation to worsen and potentially cripple the copper price recovery.

Goldman recapitulates $5 a pound copper price by end of 2021

Mining News Pro - In a new research note, Goldman Sachs says the copper price is “poised for the next leg higher” as short term headwinds fade and fundamentals point to a significant demand boost further out.

First Quantum shelves stake sale for Zambia copper mines

Mining News Pro - Canadian copper miner First Quantum Minerals has shelved plans to sell a stake in its Zambian copper mines, COO Tristan Pascall said on Wednesday.

Chile regulator files charges against Canada's Lundin over blasting

Mining News Pro - Chile's environmental regulator said on Tuesday that it had filed charges against Canadian miner Lundin's Candelaria copper mine for breaches in its operational permits, including violations related to its blasting operations.

Peru road blockades hit MMG’s Las Bambas copper mine once again

Mining News Pro - A four-day-long blockade in Peru by protesters seeking greater benefits from exploitation of natural resources is disrupting operations of MMG Ltd’s Las Bambas copper mine, one of the country’s largest, the energy and mines ministry said.

Burgundy expects Ellendale diamond mine to shine

Mining News Pro - Burgundy Diamond Mines plans to return the Ellendale mine to production as early as next year after securing funding for the resumption of operations.

OZ Minerals on track with Prominent Hill record

Mining News Pro - OZ Minerals has mined a record 1.14 million tonnes of ore at the Prominent Hill copper-gold mine in South Australia off the back of strong copper demand.

Copper price highest in 6 weeks as flooding in China raises supply concerns

Mining News Pro - Copper prices jumped on Monday as floods in China sparked demand hopes at a time when inventories are falling.

Canadian union Unifor starts strike at Rio Tinto operations

Mining News Pro - Canadian union Unifor said on Sunday about 900 workers had started strike action at global miner Rio Tinto's operations in the western Canadian province of British Columbia.

Cyberattack disrupts main African cobalt, copper export hub

Mining News Pro - A cyber attack has disrupted container operations at the South African port of Cape Town, affecting its operating systems. Durban, the busiest shipping terminal in sub-Saharan Africa, was also affected.

First concentrate produced at Khoemacau’s copper/silver project

Mining News Pro - Fluor reports that Khoemacau Copper Mining recently achieved first copper and silver concentrate production at its starter project, near Toteng, in Botswana.

South32 secures power for Hillside

Mining News Pro - Diversified miner South32 has finalised an energy supply agreement for its Hillside aluminium smelter, in South Africa.

Sibanye elects not to up stake in Canada palladium

Mining News Pro - Precious metals major Sibanye-Stillwater has elected not to increase its participation in Marathon palladium/copper project, in Canada, to 51%, joint venture (JV) partner Generation Mining reported on Wednesday.

Cadia record pushes Newcrest above 2Moz

Mining News Pro - Newcrest Mining has exceeded its gold production targets at the Cadia gold operation in New South Wales after achieving records for mined ore and throughput rates.

Rio Tinto to accept accountability for Panguna

Mining News Pro - Rio Tinto has agreed to assess the lasting environmental impacts of the former Panguna copper mine in Papua New Guinea after community members called for action.

Maple Gold Mines to buy former Eagle mine in Quebec

Mining News Pro - Maple Gold Mines has entered into an option agreement with Globex Mining Enterprises regarding the past-producing Eagle gold mine, 60 km southwest of Matagami, Quebec.

Russian tax brews up perfect aluminum premium storm

Mining News Pro - Aluminum has been one of the strongest year-to-date performers among the industrial metals thanks to robust pandemic demand recovery and production curbs in China, the world’s largest producer.

Copper price falls amid covid-19 worries

Mining News Pro - The copper price fell on Monday as the dollar hovered near its highest levels in months, making greenback-priced metals more expensive and less appealing to holders of other currencies.

Aeris hits Cracow production target

Mining News Pro - Aeris Resources has achieved its production goal at the Cracow gold operations in Queensland in the first year since its acquisition of the site from Evolution Mining.

Heron holds Woodlawn hope as administrators called in

Mining News Pro - FTI Consulting will continue to care and maintain the Woodlawn zinc-copper mine following Heron Resources’ decision to enter voluntary administration after struggling to restart the operation.

BHP’s Cerro Colorado must start from scratch on environmental plan

Mining News Pro - BHP’s Cerro Colorado copper mine must start again from scratch on an environmental plan for a key mine maintenance project, a Chilean court ruled on Tuesday, though the company said the decision would not impact operations.

Fund managers give copper a wide berth as China cools

Mining News Pro - Fund managers have been reducing their exposure to copper as the market heads into what is normally a seasonally weak spot for demand.

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