OZ Minerals gives green light to $1.1 billion copper project

Mining News Pro - OZ Minerals Ltd., the target of a takeover attempt by BHP Group Ltd., has approved a A$1.7 billion ($1.1 billion) investment to develop its West Musgrave copper-nickel project in Western Australia.

Glencore buys Newmont’s stake in Argentina copper-gold project

Mining News Pro - Mining and commodities giant Glencore is buying Newmont’s minority stake in the Argentinean MARA cooper-gold project, a joint venture created in 2020 between the two companies and Yamana Gold.

Tertiary Minerals, FQM team up to boost copper exploration in Zambia

Mining News Pro - Shares in Tertiary Minerals jumped on Thursday after the junior said it had inked a technical cooperation agreement with First Quantum Minerals, which would “turbo-charge” its copper exploration projects in Zambia.

Chilean think-tank says Codelco pays more taxes but extracts less copper than private companies

Mining News Pro - A recent report by Chile’s Center for National Studies of Alternative Development (CENDA) shows that, between June 2021 and June 2022, Codelco was responsible for 30% of the country’s annual copper production and contributed 7.6% of the mining tax revenue while private companies extracted 70% of the copper and contributed 5% of tax revenues.

Copper market is flashing signs of tight supply

Mining News Pro - Copper spreads are spiking in a signal that physical supplies remain tight despite global economic headwinds.

The copper market is flashing signs of tight supply

Mining News Pro - Copper spreads are spiking in a signal that physical supplies remain tight despite global economic headwinds.

BHP says copper strategy does not depend on M&A after OZ Minerals snub

Mining News Pro - BHP Group’s plans to grow its copper business are not dependent on acquisitions, the global miner’s chief executive told shareholders on Thursday, after the rebuff of its bid to take over a smaller Australian copper and nickel firm.

Workers at Chile’s Escondida copper mine threaten to strike

Mining News Pro - Workers at BHP’s sprawling Escondida copper mine in northern Chile threatened on Wednesday to go on strike over what they described as safety concerns, the mine’s union said.

Copper price rises on weaker dollar

Mining News Pro - The copper price rose on Tuesday on a weaker dollar and expectations for better metals demand after Chinese policymakers said they would accelerate infrastructure investment.

Copper Innovation Hub launched in Colombia

Mining News Pro - Ten companies from Colombia, Chile, Peru, Sweden, New Zealand and Australia have launched the Copper Innovation Hub, an initiative led by consultancy firm Quintil Valley.

How machine learning can help identify new, deeply buried porphyry copper deposits

Mining News Pro - A recent study published in the Journal of Geophysical Research: Solid Earth, presents two novel machine learning techniques to identify new, deeply buried porphyry copper deposits by characterizing magma fertility.

McEwen lands Rio Tinto venture for Argentina-focused copper unit

Mining News Pro - Canadian mining entrepreneur Rob McEwen landed a big fish for his new copper unit, with a Rio Tinto Group venture set to take an almost 10% stake for $25 million as major producers line up new deposits to meet demand growth.

Sandfire moves forward with Botswana copper mine expansion

Mining News Pro - Sandfire Resources said on Tuesday it will spend additional $71.9 million to expand production at its under-construction Motheo copper mine in Botswana, as the Australian firm plans to set up a major mining hub in the Kalahari Copper Belt.

Over 20% of world mined copper now comes from sustainable operations

Mining News Pro - More than 20% of the world’s mined copper production now comes from sites that carry out responsible, sustainable mining practices, Copper Mark said on Tuesday.

Copper price down on manufacturing slowdown in China

Mining News Pro - The copper price slipped on Monday as worries about a manufacturing slowdown in China dominated sentiment.

Antofagasta’s Twin Metals sues US government over Minnesota copper project

Mining News Pro - Antofagasta Plc’s Twin Metals subsidiary sued the US government on Monday in a bid to revive its proposed Minnesota copper and nickel mine, which Biden administration officials had blocked this year over concerns it could pollute a major recreational waterway.

MMG’s troubled Las Bambas copper mine in Peru still has no timeline for expansion

Mining News Pro - Chinese miner MMG said on Thursday it still has no time frame for when it will be able to build a second open pit to ramp up production at its Las Bambas mine in Peru.

Copper deficit a critical destabilizing threat to international security

Mining News Pro - Copper scarcity may emerge as a key destabilizing threat to international security in the 21st century, an analysis by S&P Global found this week.

BHP sees copper market “take-off” by mid-2020s “if not earlier”

Mining News Pro - After falling to 20-month lows in July, copper fought its way back to the $8,000 a tonne last week on hopes the worst of the slowdown in China was over. But now the bellwether metal is flirting with a bear market again — with a nearly 20% decline so far in 2022.

Congo PM to mediate dispute over Tenke copper and cobalt mine

Mining News Pro - Democratic Republic of Congo’s prime minister expects to host talks between China’s CMOC and state miner Gecamines in the coming days over a dispute at their Tenke Fungurume copper and cobalt project, his office said on Wednesday.

NorthWest Copper’s Kwanika high-grade core shows more promise

Mining News Pro - The results from a second set of assays from NorthWest Copper’s ongoing 2022 Kwanika drill program in north-central British Columbia highlights the discovery of additional very high-grade copper and gold mineralization within a previously undrilled shallow area of the deposit.

OZ Minerals gets final nod for key copper-nickel project

Mining News Pro - OZ Minerals said on Monday the Western Australia government granted final regulatory approval for the miner to begin construction at its West Musgrave copper-nickel project.

Coast Copper extends gold-copper zone

Mining News Pro - Coast Copper has reported results of 10 core holes (1,483 metres) drilled this spring on the Empire mine property in B.C., which covers three past-producing open pits and two historic underground mines for magnetite, copper-gold, and silver. The project is being optioned from Mirva Properties.

Lundin weighs sale of $1 billion copper-zinc mine in Portugal

Mining News Pro - Lundin Mining Corp. is weighing the sale of a copper and zinc mine in Portugal that could be valued at about 1 billion euros ($1 billion), people familiar with the matter said.

Taseko granted draft permit for Florence copper project in Arizona

Mining News Pro - Canada’s Taseko Mines has scored a small but key win in the long-dragged out permitting process for its Florence copper project in Arizona as the US Environmental Protection Agency (EPA) has issued a draft underground injection control (UIC) licence for the asset.

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