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.

Copper jumps to record as growth bets supercharge commodities

Mining News Pro - Copper soared to an all-time high as optimism about a global rebound from the pandemic spurs a surge across commodities markets.

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.

Copper holds near $10 000 as China’s return puts focus on demand

Mining News Pro - Copper hovered around $10 000 a metric ton as the return of Chinese investors from a three-day break put the spotlight on the strength of demand in the world’s top consumer.

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.

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.

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.

Copper climbs to decade high

Mining News Pro - Copper has reached $US10,008 ($12,868) per tonne on the London Metal Exchange as the red metal inches closer to its highest price since 2011.

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.

Copper price blasts to 10-year high as Chile strike adds momentum to rally

Mining News Pro - Copper price climbed to the highest since 2011 as the global recovery from the pandemic extended a rally in metals markets and as port workers in Chile called a strike.

Silver Lake boosts Deflector copper guidance

Silver Lake Resources has upgraded its copper guidance while remaining on track to hit its gold production targets following a positive March quarter at the company’s Western Australian operations.

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.

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.

Chile covid cases surge dents Antofagasta copper output

Mining News Pro - Chilean miner Antofagasta (LON: ANTO) said on Wednesday copper production in the first quarter of 2021 fell 5.7% to 183,000 tonnes from the same period a year ago, as a recent and sharp spike in covid-19 cases takes its toll.

BHP sets up copper future to meet demand

BHP has confirmed the world’s positive attitude to environmental sustainability as its copper growth continued to gain momentum.

Supercycle or China cycle? Funds wait for Dr Copper’s call

معدن نیوز -Funds continue to reduce their long exposure to the copper market even as the bull clamour for higher prices grows ever louder.

Chile tribunal breathes new life into controversial Dominga copper-iron project

Mining News Pro - A Chilean environmental tribunal has breathed new life into Andes Iron's controversial $2.5-billion Dominga copper and iron mining project, tossing out an earlier decision by a regulator that had denied the company key permits.

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