Peru community says will block key mining road used by MMG’s Las Bambas mine

Mining News Pro - A Peruvian community will block a key mining road used by MMG’s Las Bambas copper mine in protest after failed negotiations with the Andean nation’s government, a community leader told Reuters on Monday.

Copper price surges through $11,000 on supply squeeze

Mining News Pro - Copper price continued to rally towards record highs on Tuesday as signs of extremely tight supply outweighed concerns that slowing growth in China will impact demand.

Barrick’s gold output rises nearly 5% sequentially on Argentine mine boost

Mining News Pro - Barrick Gold on Thursday reported a nearly 5% rise in third-quarter gold production from the previous three months, as output jumped at its Veladero mine in Argentina.

South32 buys stake in KGHM’s Chilean mine for $1.55bn

Mining News Pro - Australia’s South32 has acquired almost half of the vast Sierra Gorda copper mine in northern Chile, majority-owned by Polish miner KGHM for $1.55 billion.

Turquoise Hill says Oyu Tolgoi needs another $1.2 billion funding

Mining News Pro - Vancouver-based Turquoise Hill Resources said on Thursday the estimated additional funding required for the Oyu Tolgoi copper mine in Mongolia was now $1.2 billion higher than previously expected.

Big miners reconsider Congo, Zambia risks as copper price surges

Mining News Pro - Major mining companies are looking to invest in countries they previously considered too risky, including Democratic Republic of Congo and Zambia, propelled by a dwindling pipeline of big copper mines elsewhere and record-high prices.

Copper surplus on the horizon, but will it come in time?

Mining News Pro - The global refined copper market will be roughly balanced between supply and demand this year before moving into significant supply surplus in 2022.

Sumitomo to sell Chilean copper mine stakes to South32 for around $1.5bn

Mining News Pro - Japan’s Sumitomo Metal Mining and Sumitomo Corp agreed to sell their stakes in the Sierra Gorda copper mine in Chile to Australian miner South32 Ltd for around $1.5 billion, the companies said on Thursday.

Copper price surges to 2-month peak, shaking off China concerns

Mining News Pro - The global energy crisis that has led to power shortages and factory slowdowns did not stop copper prices from rallying to their highest levels since the beginning of August.

Big miners reconsider Congo, Zambia risks as copper price surges

Mining News Pro - Major mining companies are looking to invest in countries they previously considered too risky, including Democratic Republic of Congo and Zambia, propelled by a dwindling pipeline of big copper mines elsewhere and record-high prices.

Taseko reports ‘significant’ production increase at Gibraltar in Q3, shares up

Mining News Pro - Taseko Mines announced on Tuesday that its Gibraltar mine produced 34.5 million lb of copper plus 600,000 lb of molybdenum in the third quarter of 2021, representing increases of 29% and 50%, respectively, over Q2 2021.

Ivanhoe’s DRC copper mine to double production ahead of schedule

Mining News Pro - Canada’s Ivanhoe Mines said on Tuesday that expansion of its Kamoa-Kakula mine in the Democratic Republic of Congo, the biggest copper operation to come online in decades, is ahead of schedule, with full production now expected in the second quarter of next year.

Hydro project set to boost green credentials of giant DRC copper complex

Mining News Pro - While Kamoa Copper, in the Democratic Republic of Congo (DRC), is on track to become the second-largest copper mining complex globally, and the biggest in Africa, it is also poised to be among the greenest of copper mines.

Copper price rises on supply disruption worries

Mining News Pro - Copper prices rose on Thursday as supply concerns resurfaced in Peru, the world’s second-biggest producer of the industrial metal after neighboring Chile.

Glencore’s Peru mine says won’t proceed with Coroccohuayco project in near-term

Mining News Pro - Glencore’s Antapaccay copper mine in Peru said on Thursday that it does not plan to execute this year or next its Coroccohuayco project that has caused nearby residents to protest and block the road used to transport its copper.

Copper analysts reset outlook on China's dual demand ructions

Mining News Pro - Copper analysts are reviewing their price forecasts for the red metal after simultaneous disruptions in two key sectors in China that together make up more than half the country's copper demand.

Technology to transform bauxite red mud into fertile soil nearly a reality

Mining News Pro - A new technology that could transform the bauxite residue known as ‘red mud’ into a soil-like material capable of hosting plant life is entering full-scale trials at alumina refineries in Queensland, Australia.

Peruvian community blocks key highway in protest against Glencore mine

Mining News Pro - An indigenous community in Peru’s Espinar province has blocked a key mining road, a local leader told Reuters on Wednesday, in protest against the government and Glencore’s Antapaccay copper mine.

Peru strikes deal to avoid road blockade at Las Bambas mine

Mining News Pro - Peru’s government said on Tuesday it had reached an agreement with MMG Ltd’s Las Bambas mine and the local Chumbivilcas community to avoid road blockades that have threatened production at the huge copper mine.

Strike end in sight for Rio

Mining News Pro - Diversified miner Rio Tinto is hoping to resume full operations at its Kitimat aluminium smelter and the Kemano hydropower facility, in British Columbia, after reaching a new labour agreement with workers.

BHP discussing Congo copper deal in shift of strategy

Mining News Pro - BHP Group is in talks about buying into a copper project in the Democratic Republic of the Congo, marking a dramatic departure from the world’s biggest mining company’s policy of shunning risky jurisdictions.

Peru's Las Bambas standoff tests Castillo's mining reform pledges

Mining News Pro - Peru's new socialist government swept to power pledging to strike a new deal with the copper mining sector and redistribute profits to Andean communities like those around the huge Las Bambas project, owned by China's MMG.

Peru minister partly blames MMG for Las Bambas unrest, sees solution in train line

Mining News Pro - Peru’s mining minister said on Thursday that unrest at the huge Las Bambas copper mine was partly caused by MMG Ltd’s short-sighted decision to rely on a dirt road to transport the metal, and called for a train line to be built instead.

MMG resumes Las Bambas copper mine shipments

Mining News Pro - Chinese miner MMG said on Thursday it had resumed the transportation of shipments to and from its Las Bambas copper mine, one of Peru’s largest, as nearby roadblocks have been lifted.

Zambia’s Konkola liquidator arrested, calls money-laundering charges “baseless”

Mining News Pro - The state-appointed provisional liquidator of Konkola Copper Mines (KCM), Milingo Lungu, has been arrested and charged with laundering more than $2 million, Zambia’s money-laundering authority said on Wednesday.

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