Chile copper miners cry foul as royalty bill advances to Senate

Mining News Pro - Chile's lower house of Congress approved on Thursday an opposition-led bill that would slap a progressive royalty on sales of copper as prices rise, sharply hiking taxes on the sprawling industry to pay for social programs during the Covid-19 pandemic.

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.

Critical minerals producers needed to meet future demand

Mining News Pro - Global demand for critical minerals could increase by up to six times by 2040, according to an International Energy Agency (IEA) report.

Focus on critical minerals in northern Australia to increase

Mining News Pro - The Australian Government has unveiled a $190 million investment plan that includes critical minerals development to grow business opportunities in northern Australia.

Iron ore price breaks $US200/tonne

Iron ore prices have hit another record mark, surpassing $US200 ($259) per tonne to outdo last month’s historic high.

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.

Mining metals without a shovel in sight

Mining News Pro - Researchers have developed a technique for extracting precious metals from hard rock ore without digging.

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.

Iron-ore’s blistering rally sets sights on $200 as steel booms

Mining News Pro - A surge in steel consumption as the world emerges from its pandemic-induced slump is set to drive iron-ore to an unprecedented high as the biggest miners struggle to keep up with the frenzied pace of demand.

Mining sector key to kickstarting hydrogen industry

Mining News Pro - Hydrogen is set to play a key role in achieving carbon-neutral mining, an industry that is being touted as a key enabler of the global hydrogen industry, Engie Impact consultant Jasper Schrijvers said during a virtual presentation at this year’s Energy & Mines Africa conference.

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.

CME starts trading lithium futures to tap EV demand

Mining News Pro - Commodities exchange operator CME Group launched on Monday a futures contract for lithium, seeking to capitalize on growing demand for the key ingredient in the batteries that power electric vehicles (EVs) and high tech devices.

World’s top miner warns against Chile’s mining tax

Mining News Pro - The world’s top miner BHP said a proposed royalty on copper and lithium sales being discussed by lawmakers in Chile risks making international miners wary of investing in new projects or expanding existing mines to meet growing demand for both metals.

NSW Govt calls on mineral explorers

Mining News Pro - The New South Wales Government has offered an additional $2.2 million in grants for the state’s mining industry to uncover new mineral deposits.

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.

Two charts show why investors are right to love mining streaming companies

Mining News Pro - New study says streaming and royalty financing deal flow will grow significantly over the next decade, move beyond the gold and silver market and expand outside the Americas.

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.

Horizonte ropes in Ramboll for enviro impact study

Mining News Pro - Base metals miner Horizonte Minerals has appointed global consultancy Ramboll to undertake the environmental- and social-impact assessment (Esia) for the Vermelho nickel/cobalt project, in Brazil.

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