EVs, higher prices to boost global copper output — report

Having trouble viewing this email?  View online Copper News Digest Thursday 29 March 2018 Home     Gold     Coal     Copper     Diamond     Iron Ore     Nickel     PGMs     Silver Electric vehicles, higher prices to boost global copper output — report Global copper output is expected to climb from 20.4 million tonnes this year to 28 million tonnes by 2027. read » Aura Minerals wants to reactivate projects under care and maintenance The miner is working towards reactivating its Aranzazu and São Francisco gold projects in Mexico and Brazil, respectively. read » Kinross closer to making decision on reopening gold mine in Chile Operations at La Coipa mine, located in in northern Chile, were halted in 2013, when the targeted orebody run out of riches. read » Copper price: 120% premium for Brazil junior another bullish sign Oz Minerals offers top dollar for Avanco which boasts top private equity players and Glencore as major shareholders. read » Rio Tinto fully out of coal sector with $2.25bn Kestrel mine sale Company has agreed to sell its 80% stake in the Kestrel mine to a consortium comprising of private equity manager EMR Capital and Indonesian coal company Adaro Energy. read » Copper Mountain gains approval for $71m acquisition of Altona The combination of the two companies will result in a mid-sized copper miner, with an expected annual production of about 73,000 tonnes of the metal. read » Vedanta shuts protests-ridden copper smelter in India for 15 days The maintenance activity, originally scheduled for April, comes amid media reports that thousands had taken to the streets and shut shops in Thootukudi to protest against the expansion of the smelter. read » SolGold on a roll, confirms major copper-gold target at Ecuador project Results from 11 of the 12 drilling rigs at its 85%-owned Cascabel copper-gold project, suggest there is much more intense mineralization in the property than thought earlier, the company said. read » Companies now looking for electric battery metals in the garbage Soaring cobalt and lithium prices are pushing some companies to dig for them in the recycle bin, which some believe could be even more profitable than mining them. read » BMW mining deals shelved until EVs can be mass-produced The German luxury vehicle maker said mass production of EVs is not viable until 2020 when its proprietary electric drive technology is expected to be profitable enough. read » RNC mulls selling Aussie mine to focus on massive cobalt-nickel project in Quebec The company's Dumont cobalt and nickel project in Quebec is the world's largest undeveloped reserve of both metals, with over 1 billion tonnes of reserves and a 33-year mine life. read » Cyanide and copper: key ingredients in the origins of life, scientists say Harvard researchers combined cyanide and copper in an airtight quartz container and their findings are impressive. read » First Quantum dodges catastrophe as CEO moves to dispute tax bill Zambia Revenue Authority claims the company owes $2.1 billion in penalties and $5.7 billion in interest. read » Congo set to overtake US as world no 4 copper producer DRC's resolve to overhaul mining code shouldn't have surprised the industry – Kinshasa's become too important to global supply for companies to pull sticks. read » Cobalt price: Automakers 'waking up too late' as China takes control Glencore CEO flags China-Congo-cobalt nexus, responsible for 80% of global cobalt chemical production, a crucial ingredient of electric vehicle batteries. read » Newcrest, Harmony joint venture in PNG to cost an extra $1bn upfront But according to the updated feasibility study total capital expenditure for the life of Wafi-Golpu mine will fall by about the same amount to $5.5 billion. read » EPA not happy with Canadian miner's zinc-gold project in Michigan The project is being proposed by Toronto-based Aquila Resources. read » Electric car dreams may be dashed by 2050 on lack of cobalt, lithium supplies German researchers say cobalt-free battery technologies — including post-lithium technologies based on non-critical elements — are the best way to avoid supply issues in the long term. read » World's No. 1 copper miner Codelco made a $2.88 billion profit in 2017 Best performance in three years. read » Canadian miner denounces illegal stoppage at Panamanian mine "The dominant union, which represents the majority of workers, is not involved in the action," an official statement reads. read » Grizzly wants to buy Robocop Robocop is comprised of five mineral claims totalling 9,891 acres north of the Canada-US border. read » Jiangxi Copper posts fastest annual net profit growth in 7 years "We expect copper prices to hover around highs in 2018." read » Digging for cobalt riches: Congo races to fix a deadly problem The man was digging a toilet in his backyard when his shovel struck a shimmering blue vein of cobalt… At least that's the legend in Kolwezi. read » Japan's JXTG raises profit forecast despite $1.2bn charge The Japanese energy and metals company said the impairment loss at its Caserones copper mine in Chile was due to higher production costs. read » Canadian miner allowed to operate in Sweden Gungnir's drill campaign would begin in the second quarter of 2018 with 20 diamond drill holes testing six target areas over a strike length of more than 8 km. read » Congo's 2017 mining revenue up 36% while oil revenue doubles Mining revenue in the fourth quarter more than doubled helped by higher prices for key exports such as copper and cobalt. read » Two risks threaten commodities, one bullish, one bearish: Russell The are two main factors that appear to be emerging that may threaten an end to the current quite rosy picture surrounding demand for commodities such as iron ore, steel and the metals most exposed to the battery boom, cobalt, lithium and nickel. read » Workers at Chilean mine Escondida accept early contract talks Failure to reach a labor deal caused a 44-day strike at the mine last year. read » Codelco reaches agreement with professionals at Ministro Hales mine The 36-month contract was approved by 75 per cent of the union. read » BHP sees limited impact on steel market from US new tariffs -exec "I think direct impact on steel is quite marginal because the United States is not such a big steel producer," said Arnoud Balhuizen. read » As commodities roar, Africa wants bigger slice of mining pie A lack of returns to governments is drawing a backlash from Mali in the Sahara to Tanzania on the Indian Ocean. read » Guinea: Mining firms will remain key target for anti-government protesters Anti-government sentiment is set to further escalate in the run-up to the legislative election in September, and mining firms are likely to experience even more disruption as many blame them for the state's failure to contribute to their wellbeing. read » Barrick Gold yet to feel the heat in Zambian tax crackdown The Toronto-based company, which operates the Lumwana mine, hasn't received any notifications from the tax authority. read » Copper giant shortlists candidates as CEO ponders future While Nelson Pizarro could well stay on as Codelco's chief executive officer, the government is putting together a shortlist of candidates. read » Profit at China's Jinchuan International surges on higher cobalt, copper prices Jinchuan posted net profit of $41.6 million last year, up from 8.3 million a year earlier. read » Australian mining overseas: 50 key projects These are projects driven from Australia, involving an Australian mining company and (in most cases) an Australian engineering consultant.  read » Indonesia's Inalum expects to line up Freeport sale bank financing soon Indonesia's state mining holding company expects to reach an agreement soon on bank financing to buy a controlling stake in the local unit of Freeport McMoran Inc. read » Read more Copper news on MINING.com » Home     Gold     Coal     Copper     Diamond     Iron Ore     Nickel     PGMs     Silver About Us   |  Privacy Policy  |  Unsubscribe   |  Contact Us   |  Advertise This email was sent to you by InfoMine Inc. Suite 900, 580 Hornby Street, Vancouver, BC, Canada V6C 3B6 | +1 604 683 2037 |[email protected].Please visit cem.infomine.com for more information. Copyright InfoMine. You are receiving this email because the email address fernandoqueens@gmail.com was subscribed to the MINING.com email list "MINING.com Copper News Digest". You mayunsubscribe at any time. The information contained in “Copper News Digest” is collected from a variety of sources on a “best intentions”basis. InfoMine Inc. makes no representation or offers no warranty with respect to the adequacy of the information for any particular purpose.Any information presented in “Copper News Digest” is not a solicitation to purchase or acquire any securities.Use of this service is an acceptance of this disclaimer. Visit our web site to read ourcomplete disclaimer.