Copper mining news

Initial shallow drilling in the Central zone has intersected visually strong nickel sulphide mineralisation over significant widths to depths of 75 m.

SolGold is to issue 100 million shares to BHP Billiton, with BHP's interest increasing from 6.0% to 11.2%.

The INGEDRIVE MV100 medium voltage variable speed drive will be used for the mill drive at a greenfield copper mine in Nevada.

The parties have agreed to a new method for calculating the royalty in respect of concentrates processed prospectively at Vale’s Long Harbour processing plant in Newfoundland and Labrador, Canada.

Rockwell Automation will collaborate in the transformation of the mine into a technologically advanced ‘super cave’ mine that uses a block-caving extraction process.

Quebrada Blanca Phase 2 will include the construction of a new concentrator, tailings storage facility, concentrate and water supply pipeline, desalination plant, filtration plant and port to produce copper and molybdenum concentrates.

Copper Mountain Mining has reported its second quarter 2018 financial results.

Mitsubishi Corp. has agreed with Anglo American to acquire an additional 21.9% equity interest in their joint venture which is developing the Quellaveco copper mine in Peru.

During the first 10 years of full production, Quellaveco is expected to produce approximately 300 000 tpy at a cash cost of US$1.05 per pound of copper.

The company achieved a 6% increase in total production on a copper equivalent basis in 2Q18, compared to 2Q17.