No new year resolution for out-of-favour copper market

Mining News Pro - New year but same old problems for Doctor Copper.

One community in southern Peru says it won’t disrupt Las Bambas operations

Mining News Pro - Representatives of MMG Ltd’s Las Bambas, the Peruvian Ministry of Labour, the Ministry of Energy and Mines, the Presidency of the Ministers’ Council (PCM) and the community of Challhuahuacho signed a memorandum of understanding in which the latter commits to avoid blockades on the Southern Mining Corridor.

Workers at Teck’s Highland Valley mine threaten to strike

Mining News Pro - Teck Resources said on Wednesday that a union representing 1,048 workers at its British Columbia mine could potentially go on a strike starting January 16.

Trigon produces first concentrate at Kombat mine in Namibia

Mining News Pro - Trigon Metals has succeeded in restarting copper and silver concentrate production at the Kombat mine in Namibia, placing the project on track to meet commercial production targets by March.

Negotiations over Cobre Panama mine contract near end

Mining News Pro - Panama’s government said on Wednesday that negotiations with the local unit of First Quantum (TSX: FM), aimed at obtaining more in royalty payments from the Canadian miner and improve environmental conditions at the giant Cobre Panama copper mine, are nearing an end.

BHP’s Cerro Colorado copper mine in Chile hit by further water measures

Mining News Pro - BHP said on Wednesday it will modify operations at its Cerro Colorado copper mine in northern Chile to lessen the impact of a fresh ruling that prevents the company from drawing water from a nearby aquifer for 90 days, while it appeals the environmental court’s decision.

Chile’s November copper output falls amid drops from Codelco and Escondida

Mining News Pro - Chile’s total copper production in November fell by 0.6% year-on-year to 481,800 tonnes, due to drops from state-owned Codelco and the giant Escondida mine, the Chilean Copper Commission (Cochilco) reported on Tuesday.

Copper price down, pressured by stronger dollar

Mining News Pro - March delivery contracts were exchanging hands for $4.40 a pound ($9,680 a tonne) on the Comex market in New York, down 0.4% compared to Monday’s closing.

Norway’s Hydro to cut Slovakia aluminium output due to power cost

Mining News Pro - Norsk Hydro’s majority-owned aluminium plant in Slovakia will cut its output to around 60% of capacity in response to high electricity costs, the Norwegian company said on Thursday.

Codelco signs multi-year contracts in Southeast Asia

Mining News Pro - Chile’s state-controlled Codelco, the world’s largest copper producer, said on Thursday it has successfully concluded its sales plan for 2022 in Southeast Asia with the signing of multi-year deals.

Aluminum price climbs with output facing pressure in Europe

Mining News Pro - Aluminum rose as investors weighed fresh signs of pressure on output, with Alcoa Corp. planning to shut a European plant and Beijing vowing to cut carbon emissions from China’s huge army of smelters.

Base metals shine in 2021 on robust China demand, supply concerns

Mining News Pro - Base metals, which were mixed in late Asian trading on Friday, were poised to end 2021 firmer across the board, propped up by an economic rebound in top consumer China and supply concerns.

Antofagasta agrees to copper charges with some Chinese smelters

Mining News Pro - Chilean miner Antofagasta PLC has agreed to supply copper concentrate to some Chinese smelters at treatment and refining charges (TC/RCs) of $65 a tonne and 6.5 cents per lb next year, two sources with knowledge of the matter said.

China vows to cut carbon emissions from aluminum smelters by 5% by 2025

Mining News Pro - China pledged to cut carbon emissions from aluminum smelters and reduce steel capacity under a five-year plan that adds some details on Beijing’s drive to reshape heavy industries.

Misstep could reignite blockade against Las Bambas copper mine in Peru

Mining News Pro - Any miscalculation from the Peruvian government in the proposal to be discussed with mining communities on December 30, could reignite protest actions against MMG Ltd.’s Las Bambas mine.

Russias largest new copper deposit to be developed under UN Global Compact guidelines

Mining News Pro - Udokan Copper, one of the companies owned by Russian billionaire Alisher Usmanov’s holding firm USM, announced that it has joined the UN Global Compact.

Iran Alumina Company needs Taash mine for raw materials’ supply

Mining News Pro - Jajarm Alumina Company is the only producer of alumina powder in Iran, which feeds many factories in the country.

Copper price rises as investors recover some risk appetite

Mining News Pro - The copper price rose on Tuesday alongside other industrial metals and oil as investors weighing up the impact of the omicron coronavirus variant on economic growth turned a little more bullish after two days of selling.

Noront picks Wyloo’s latest offer, BHP won’t match

Mining News Pro - Noront Resources said on Tuesday it has chosen to go with the latest bid put forward by Australian billionaire Andrew Forrest’s Wyloo Metals, giving BHP five business days to match the offer.

Las Bambas not mulling legal action for now as Peru blockade continues

Mining News Pro - MMG Ltd’s Las Bambas copper mine does not plan to initiate legal action against Peru “for the time being” over a nearly month-long road blockade that has prompted the miner to suspend operations, a company executive said Monday.

Lundin slumps after deal to buy copper-gold project in Argentina

Mining News Pro - Lundin Mining Corp. fell the most since March after it agreed to acquire Josemaria Resources Inc., a copper-gold project in Argentina, for C$625 million ($483 million).

Rio Tinto picks outgoing Canadian ambassador to China as chairman

Mining News Pro - Rio Tinto has picked outgoing Canadian ambassador to China and veteran management consultant to lead its board as the miner tries to put the destruction of ancient rock shelters in Australia behind it.

New copper product kills bacteria 100 times faster than standard copper

Mining News Pro - Researchers at Australia’s RMIT University and the national science agency CSIRO, have developed a copper surface that kills bacteria more than 100 times faster and more effectively than standard copper and that could help combat the growing threat of antibiotic-resistant superbugs.

China steps up overseas hunt for ore needed to make aluminum

Mining News Pro - China’s aluminum industry, the world’s biggest, is becoming increasingly dependent on overseas supplies of the ore needed to make the metal, another sign of the nation’s chronic reliance on raw-material imports.

Peru mining group says government ‘erratic and biased’ against industry

Mining News Pro - Peru’s top mining lobbying group on Thursday slammed the government as “erratic and biased” against the sector as one of the country’s largest copper mines faces protests and a looming production shutdown.

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