Copper mining news

The company’s board has approved a US$1.3 billion expansion, with construction work to begin in January.

Encounter Resources welcomes Independence Group NL as a new major shareholder and partner in advancing the company’s Yeneena copper-cobalt project in Western Australia.

The transaction comprises the sale of Metso Spain Holding, S.L.U, including operations in two locations with around 80 employees in Spain (Bilbao and Seville).

Ecuador will soon release a formal Government policy to make the mining industry a long-term key economic driver, with five major world-class mining projects facilitating this growth.

Wood will prepare a pre-feasibility study for a technologically-advanced integrated operations centre, including cloud data storage and information management for its operations, easily accessible from anywhere in the world.

Antofagasta said the outlook for copper is positive due to urbanisation, growing income levels in emerging markets and increased electromobility.

The company’s Red Chris and Mount Polley mines produced 16.14 million lb copper and 16 488 oz gold in 3Q18.

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.