Glasenberg says $15 000 copper needed to drive new supply

Mining News Pro - Copper will need to rise 50% further from its current near record high to encourage enough new mined supply to meet rampant demand, according to Ivan Glasenberg, the billionaire chief executive officer of Glencore.

As prices soar, Taseko may develop Arizona copper project without a JV partner

Mining News Pro - At current copper prices, miner Taseko may choose to develop the $230-million commercial production facility at its Florence project, in Arizona, without a joint venture (JV) partner, CEO Russell Hallbauer said on Wednesday.

Alcoa ponders FYI Resources partnership

Mining News Pro - Alcoa of Australia and FYI Resources have started negotiations around forming a joint venture to develop high purity alumina opportunities.

Rio Tinto’s ISAL smelter certified for responsible aluminium production

Mining News Pro - Rio Tinto announced that its 52-year-old ISAL smelter in Iceland received a responsible aluminium production certification from the Aluminium Stewardship Initiative (ASI).

Copper price could spike to $13,000 on low stocks

Mining News Pro - Copper prices climbed back towards $10,000 per tonne on Tuesday, supported by prospects for higher demand while inventories dwindle.

Copper price keeps soaring while ICSG predicts 79,000 tonnes surplus in 2021

Mining News Pro - The global copper market should see a surplus of 79,000 tonnes this year and of 109,000 tonnes in 2022, the International Copper Study Group (ICSG) said on Monday.

Ivanhoe’s Kamoa-Kakula to begin copper production within a month

Mining News Pro - Ivanhoe Mines announced on Monday it is accelerating the construction and commissioning progress at the Phase 1 Kamoa-Kakula concentrator plant in the Democratic Republic of Congo.

Taruga discovers high-grade copper at Mt Craig

Taruga Minerals has found high-grade copper in its first five reverse circulation (RC) drillholes at the Mt Craig copper project in South Australia.

Caravel raises copper cash

Mining News Pro - Base metals developer Caravel Minerals is hoping to raise A$7.5-million in a share placement to fund work at the Caravel copper project, in Western Australia.

Metro manages volatile freight costs

Mining News Pro - Metro Mining has flagged “historically high” freight costs for shipping its bauxite product, which the company anticipates will negatively impact prices.

Chile output falls for 10th consecutive month, adding fuel to copper price rally

Mining News Pro - The world’s top copper producer Chile saw output of the red metal fall for the tenth consecutive month in March, government statistics agency INE said on Friday.

Chile’s Pampa Camarones copper mine is up for sale

Mining News Pro - Chilean private equity fund Minería Activa has put its Pampa Camarones copper mine up for sale in the country’s far north amid an ongoing price rally that saw the bellwether metal passing $10,000 a tonne this week for the first time since 2011.

Los Andes Copper receives approval for drilling at Chile project

Mining News Pro - Los Andres Copper has received unanimous approval from the regional environmental committee for drilling to be carried out at the company’s Vizcachitas project, in Chile.

OceanaGold persists through NZ, US troubles

Mining News Pro - OceanaGold is on track to deliver production at the Martha underground mine in New Zealand late this quarter after entering production this year.

Newcrest improves Telfer output

Newcrest Mining has recorded a 6 per cent increase to its gold production at the Telfer gold-copper mine in Western Australia in the March quarter.

New capacity needed to meet rapid copper demand growth

Mining News Pro - Ample copper supplies next year and in 2023 will keep the market balanced, but miners need to start investing in new capacity now to meet a pick up in demand growth as economies switch to renewable energy.

Kamoa Copper launches corporate identity ahead of production start in July

Mining News Pro - Ahead of starting production at Kamoa-Kakula in July, joint venture (JV) company Kamoa Copper, has been given a new corporate identify alongside recent board appointments.

Sandfire cruises on strong copper quarter

Sandfire Resources has kept the DeGrussa operations in Western Australia on track to meet the upper end of its gold and copper production guidances for the 2021 financial year.

GR Engineering buys Mipac for $21.4m

Mining News Pro - GR Engineering has agreed to acquire engineering, automation and technological services company Mipac Holdings in an effort to enhance the company’s industry services.

Records rain on South32 in 2021

South32 has met or exceeded production expectations across its Australian operations, not allowing inclement weather to diminish a strong March quarter.

Ivanhoe inks deal to boost hydropower at Kamoa-Kakula

Mining News Pro - Canada’s Ivanhoe Mines (TSX: IVN) said its Kamoa-Kakula joint-venture in the Democratic Republic of Congo (DRC) had inked a deal with the country’s power company La Société Nationale d’Electricité (SNEL) to upgrade a major turbine, part of the Inga II hydropower complex.

Foran Mining wants to develop world’s first carbon-neutral copper project

Mining News Pro - Foran Mining Corporation’s McIlvenna Bay deposit in Saskatchewan, Canada, may become the world’s first carbon-neutral copper development project.

Silver Lake ups gold output in March quarter

Gold miner Silver Lake Resources has reported higher gold production for the quarter ended March, compared with the previous quarter.

Second environmental court ruling hits BHP`s Cerro Colorado mine

معدن نیوز -A Chilean court ordered BHP`s Cerro Colorado copper mine, in the extreme north of the country, to cease drawing water from a riverbed near its facility and regulate nearby waste deposits following complaints from a nearby indigenous community.

Freeport-McMoRan swings to quarterly profit on higher copper prices

Mining News Pro - Freeport-McMoRan on Thursday reported a first-quarter profit, compared with a year-ago loss, as the world's largest publicly traded copper producer benefited from higher prices for the red metal from improving global economic recovery prospects.

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