Sprott Asset Management launches copper miners ETF
Sprott Asset Management has launched a Copper Miners exchange-traded fund (ETF), with Freeport-McMoRan, Antofagasta and Southern Copper Corp as its top holdings by weight, it said on Wednesday.
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Copper miners, Chinese smelters agree first drop in fees in 3 yrs
Mining News Pro - Global miners on Friday reached agreements with Chinese smelters for a lower copper concentrate treatment and refining charges (TC/RCs) for 2024, the first drop in three years, sources familiar with the matter said.
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Panama copper miners attacked by protesters, union boss says
Mining News Pro - Protesters attacked workers leaving the Cobre Panama mine early Sunday in an incident that left about eight people injured, a union leader said.
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Codelco loses CFO in latest blow to world’s top copper miner
Mining News Pro - Codelco is losing its chief financial officer in the latest setback to Chile’s state-owned copper behemoth, as slumping output erodes profit and pushes up debt levels.
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Three Chilean communities maintain protest against Los Pelambres copper miner
Mining News Pro - Three communities in Chile’s High Valley of Salamanca remain in conflict with Antofagasta’s (LON: ANTO) Los Pelambres copper miner.
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Botswana copper miner Khoemacau giving attention to ESG silver lining
Mining News Pro - Khoemacau Copper Mining of Botswana, which is ramping up to nameplate throughput of 3.65-million tonnes a year, is also giving attention to environmental, social and governance (ESG) matters that include considerable renewable energy generation and promising community development initiatives.
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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.
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World’s largest copper miner to cut carbon emissions 70% by 2030
Mining News Pro - Chile’s Codelco, the world’s largest copper producer, has outlined sustainability plans in five areas of action for its operations and projects, including goals to cut carbon emissions by 70%, reduce inland water consumption by 60% and recycling 65% of its industrial waste by 2030.
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Chile`s top copper miners boost June output during coronavirus peak
Mining News Pro - Chile`s largest copper mines boosted output in June, according to government statistics released late on Tuesday, churning out more of the red metal even as the coronavirus outbreak hit its stride in the South American mining powerhouse.
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Visit: 997
Copper miner Antofagasta maintains guidance
Mining News Pro - Chilean copper miner Antofagasta has maintained its guidance at the lower end of its original target range for the year, having gained experience in working safely in the new era of Covid-19.
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Chilean copper miners labour group alleges `alarming` rise in coronavirus cases
Mining News Pro - Chilean copper miners` unions called on Sunday for a re-evaluation of the operational continuity plans of the country`s biggest miners during what they said was an "alarming" increase in coronavirus cases among workers.
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Zijin takes control of Tibet copper miner for $548m
Mining News Pro - China’s Zijin Mining Group Co said on Sunday it would pay 3.88 billion yuan ($548 million) to acquire a majority stake in a mining firm with rights to two copper deposits in Tibet.
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Chilean copper miners considering production cuts
Mining News Pro - Copper miners in Chile are considering cutting production amid strict measures to contain the spread of the new coronavirus, an association of companies in the sector has told Reuters.
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Visit: 893
Chilean State copper miner Codelco confirms fifth case of coronavirus among workers
Mining News Pro - Chile`s State-owned Codelco, the world`s largest copper producer, said on Wednesday that a fifth worker has been confirmed as having contracted coronavirus, at its Ministro Hales mine.
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Global copper miners head for worst quarter since 2008
Mining News Pro - Copper miners are poised for their worst quarter since 2008 after the coronavirus pandemic fueled demand fears for industrial metals and forced companies to curb mining operations.
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Gap between no. 1 and 2 copper miners widens as Codelco output drops 5.3%
Mining News Pro - Chile’s Codelco, the world’s second-largest copper miner, has fallen further behind BHP (ASX: BHP) in the top producers of the metal’s rank, after reporting that its output for 2019 had fallen by 5.3% to 1.588 million tonnes.
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Coronavirus may prevent Codelco from re-gaining world’s top copper miner spot
Mining News Pro - Chile’s copper miner Codelco may not regain its position as the world’s top producer of the red metal this year, as delays in upgrades and expansion projects caused by measures to stop the spread of the novel coronavirus add to the impact of low prices and lack of funding.
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Zambia to make copper miners account for gold
Mining News Pro - Zambia plans to make copper mining companies account for the gold they produce as it seeks to boost revenue from its mineral resources, a senior ministry of mines official said on Thursday.
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Afghanistan cancels contract to US gold, copper miner
Mining News Pro - Afghanistan’s news agency Khaama Press informed this weekend that President Mohammad Ashraf Ghani cancelled the contracts held by the Turkish Afghan Mining Company TAMC and the Afghan Gold and Mineral Company AGMC, which allowed them to exploit the Badakhshan gold mine and the Balkhab copper mine in the northern Sar-e-Pul province.
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World’s No. 1 copper miner gets $300m from Canada
Mining News Pro - Chile’s Codelco, the world’s largest copper producer, has signed a 10-year loan agreement with Export Development Canada, the country’s export credit agency, which will allow the state-owned miner to access $300 million to finance an ambitious overhaul of its aging mines.
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Stantec to help copper miner Eti Bakir transition underground
Mining News Pro - Global design firm Stantec has been selected to review and evaluate Eti Bakir’s copper mining facility in Siirt Province, Turkey. The copper mine has operated as an open pit facility for several years. Stantec’s work will assist Eti Bakir, part of one of Turkey’s largest mining and metallurgy companies, to transition to an underground mining operation.
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Copper miners eye high-tech demand
Mining News Pro - Growing demand for smart thermostats, wind turbines and other high-tech devices is expected to keep copper the dominant material used in electrical components, industry players said, offsetting rising use of aluminum, a cheaper alternative to conduct electricity.
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India’s state copper miner plans $800m expansion
Mining News Pro - Indian state copper miner Hindustan Copper is in the initial stages of an $800 million expansion program, Resources Monitor reported Tuesday.
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Top copper miner’s output slump adds to worry on metal shortfall
Mining News Pro - A tight copper market may be set to get a lot tighter, if a report this week from the world’s biggest miner of the metal is any indication.
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Chilean copper miner Codelco halts Ventanas furnaces over gas levels
Mining News Pro - By Fabian Cambero and Aislinn Laing Sept 3 (Reuters) - Chilean state miner Codelco halted the operations of three out of four furnaces at its Ventanas copper foundry on Monday morning after high levels of sulphur dioxide were detected, it said in a statement.
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