"Declining ore grades for copper, continued lack of investment in new mines and the time required to bring new discoveries to production will constrain metal availability and, ultimately, the metal sector's ability to meet growing demand from automakers for battery electric vehicle production," Carol Cowan,
Responsible for about 5 percent of the world's total copper output, the Escondida mining complex in Chile produces more than 1 million tonnes per year from two operating supergene-enriched copper-molybdenum porphyries. Escondida is co-owned by a consortium that includes BHP Billiton (NYSE:BHP
San Marco Resources (TSXV:SMN) has announced that it has been awarded the Suanse property in Sonora in the Mexican government's recent mineral concession lottery. San Marco describes the property as covering 1,115 hectares, located near two large copper mines operated by Southern Copper,
Clean water is a right no one can legislate away. Trying to land a spaceship (copper-sulfide mining) on a runway built with regulations for a 727 (iron mining) is insane. The spaceship, copper-nickel mining, has demonstrated, in nearly every instance, that if allowed to land, it's practically guaranteed to spew
Notes: Annual copper production 2017 except Codelco's El Teniente and KGHM Poland operations = first 9 months 2017 annualized. KGHM Poland consists of Rudna, Polkowice-Sieroszowice and Lubin mines. Reserves as at end-2017 except KGHM, Codelco mines at end-2016. Grasberg reserves
Rio Tinto-controlled Turquoise Hill Resources said Tuesday it had received an "information" request from the Mongolian Anti-Corruption Authority (ACA) to provide financial data associated to its giant Oyu Tolgoi copper and gold mine in Mongolia. The petition relates to an investigation about possible
The Chile-focused miner said it would seek board approval later this year for the expansion of its flagship Los Pelambres mine, expected to cost $1.3 billion, slightly more than previously forecast. The project will add 55,000 tonnes of copper a year once in full operation, Antofagasta said. The company
Located far up near the northern tip of Sweden is the Aitik mine, the largest open pit copper mine in the country. There, enormous Caterpillar 795F mining trucks with tires 15 feet tall haul 310 ton loads of rocks up steep inclines 24 hours a day, 365 days a year. The bottom of the mine is 1,500 feet below the
For years Rio Tinto has been the sole international copper mine operator in Mongolia, bound closely to a country where it has bet billions of dollars on the giant Oyu Tolgoi project. Others have steered clear due to the risks of operating in a nation with an unpredictable and young democracy and judiciary,
On Monday copper for delivery in May declined nearly 1% on the Comex market in New York at $3.1095 per pound or $6,855 a tonne amid a general weakness on commodity and financial markets gripped by uncertainty surrounding the Trump administration's trade policies and the strength of demand
BELGRADE (Reuters) - China's Zijin Mining Group Co. Ltd. has expressed interest in buying loss-making Serbian copper miner and smelter RTB Bor, which the Balkan state has been trying to sell for the past decade. President Aleksandar Vucic on Monday met representatives of the Chinese firm, who
The rate of copper mines under construction in China might accelerate if metal prices continue to climb on rising demand, Bloomberg Intelligence reported. It said the average copper price in 2017 was 27% higher than a year earlier, mainly due to rising demand from China's growing power grid and electric
There's a strange thing about the fear going through the global mining industry after the Democratic Republic of Congo signed an order to lift royalties last week:
Organizers said the improved numbers is proof that "mining industry has regained its swagger and is building momentum." With the prices for zinc, copper and battery-related metals all up from last year, miners are enjoying a better top line. This time last year spot copper was US$2.60/lb. Today it is at
"The project will wrap up advanced exploration this year and then feasibility studies will begin," Ecuador's Mines Minister Rebeca Illescas said at Ecuador's embassy in Santiago, where the agreement was signed. No estimates on the cost for developing the deposit or how much copper it might produce
Unionized workers at Antofagasta's (LON:ANTO) Los Pelambres copper mine in Chile voted to strike Friday after rejecting the company's latest offer for a
"We cannot conclude that the Copper Rule violates the [Water Quality Control Act] because it purportedly permits rather than prevents contamination when the Copper Rule's plain terms contain an abundance of provisions that afford significant groundwater protection at copper mine facilities designed to
A powerful group of top mining executives, including Canadian mining tycoon Robert Friedland, has failed to derail the momentum of a controversial new tax code in the Democratic Republic of the Congo. The multinational miners held a six-hour meeting with Congolese President Joseph Kabila on
"We cannot conclude that the Copper Rule violates the (Water Quality Act) because it purportedly permits rather than prevents contamination when the Cooper Rule's plain terms contain an abundance of provisions that afford significant groundwater protection at copper mine facilities designed to prevent
The Montana Department of Environmental Quality says it needs more time to study a proposed copper mine near White Sulphur Springs. The Independent Record reports the department sent a letter Tuesday to Sandfire Resources America requesting a consultation about the legally mandated one-year timeframe for