Copper mining news

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.

Svendborg Brakes’ take-up winch with braking control system provided conveyor efficiency, reliability and improved the productivity of a copper mine in Chile.

China Gold International has announced its commercial production on Series II of the Jiama mine Phase II expansion.

Proceeds from the placement will be used principally to finalise the bankable feasibility study on the company’s Prieska Zinc-Copper Project in South Africa.

The sale of the copper mine in Chile’s Atacama desert is expected to close during 4Q18.

The company has agreed with Anglo American to acquire a further 21.9% equity interest in the mine, increasing its total interest to 40%.