Peruvian copper producer Southern Copper, a subsidiary of Southern Copper,had decided to restart development of its long-postponed Tia Maria project in the Islay province of Peru’s Arequipa region, reported Reuters. Tia Maria has been on hold for years amid community opposition over fears of the mine’s environmental impact. The news agency noted that protests against the controversial mine left six…
Read MoreSouthern Copper’s long-stalled Tia Maria project in Peru is set to break ground by the end of the year or in the first half of 2025, a senior executive told Reuters. Raul Jacob, vice president of Finance at Southern Copper, said “social conditions” had improved after years of protest that have halted the $1.4 billion mine’s development. “We are fine-tuning…
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Europe’s largest copper producer Aurubis will provide Chile’s state-owned Codelco with technology and know-how to achieve more environmentally responsible mining practices at its operations, reported Reuters. The news agency said two companies plan more than 15 joint projects. Aurubis will provide Codelco with technical expertise including methods and equipment to reduce air and water emissions, measure and analyse pollution, and…
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Gold miner and copper producer Newmont has announced the appointment of Peter Wexler as chief legal officer. He will join the company’s Executive Leadership Team and will be responsible for leading its legal, compliance and regulatory affairs globally. Full story.
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Barrick Gold CEO Mark Bristow has spoken with some of First Quantum Minerals’ major investors to gauge their support for a potential takeover as the gold giant seeks to become a major copper producer, reported Bloomberg. Canadian-based First Quantum has been left vulnerable after Panama ordered the closure of its new Cobre Panama mine last month, wiping out more than…
Read MoreChilean miner Codelco said it reached contract agreements with three unions, putting off the risk of a strike at the state-run company, reported Reuters. Codelco attained an early agreement with two unions at its Ventanas division, a copper refinery in the town of Ventanas. The 36-month contract offers were accepted by more than 70% of those who voted. In Santiago,…
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Trigon Metals said it achieved commercial production as of October 11 at its Kombat copper mine in Namibia. The milestone marks a major step forward in Trigon’s journey toward becoming a leading mid-tier copper producer. The miner said commercial production status was achieved swiftly in accordance with its targets. The mill started producing concentrate on August 3 then Triggon proceeded…
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Gold and copper producer OceanaGold has mined first development ore from the Horseshoe underground mine within its Haile gold operation in Kershaw, S.C. The company said it is on track to deliver first stope ore in October with ramp-up to occur through the first half of 2024. Full story.
Read MoreCopper production in Peru rose 21.8% in June compared to the same month last year, Reuters has reported, citing the country’s ministry of energy and mines. Production, according to the agency, hit 241,801 metric tons in the month, with output for the first half of the year up 17.6% thanks in part to June’s boost. The ministry added that production…
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Anglo American, which has been on a journey to work with customers on sustainable value chains outside of its own portfolio, has collaborated with top China copper producer Jiangxi Copper Company to offer greater assurance on responsible copper from its mining and path to market. Full story.
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