copper

Rio Tinto has committed a further $302 million in advancing its Resolution copper project in Arizona, the United States, taking the total investment to an excess of $2 billion with project partner BHP Copper.

OZ Minerals has secured a 70 per cent interest in the West Musgrave nickel-copper project by completing stage two of its earn in with joint venture (JV) partner Cassini Resources.

Australia’s resource export values are expected to hit $278 billion in 2018–2019, a “sizeable upward revision” due to an improved outlook for iron ore, according to forecasts by chief economist Mark Cully.

Sandfire Resources is expanding its North American presence with plans to work with White Rock Minerals to explore and develop the multi-commodity Red Mountain project in Alaska, United States.

Coal companies are expected to turn away from mergers and acquisitions (M&A) this year to maximise the value of their existing assets on the back of high prices and a weaker Australian dollar.

Deloitte’s latest mining trends share similar themes to the industry’s historic challenges that then become more complicated under the surface.

BHP has taken a key step towards reaching an $US82 million ($114.5 million) earn-in and joint venture agreement with Luminex Resources at the Tarqui copper project in Ecuador, South America.

Aeris Resources could acquire Glencore’s CSA copper mine in Cobar, New South Wales, for a combined value of $US625 million ($878 million).

Sedgman’s latest progress claim for Heron Resources has been met with another rejection due to a violation of a guaranteed maximum price (GMP) framework, according to the base metals developer. 

MMG has posted a 61 per cent drop in profits in 2018, citing the impact of ongoing “trade friction” between the United States and China.

Converting a section of the Carrapateena copper mine in South Australia to a block cave could significantly improve overall production, says OZ Minerals.

Rio Tinto has released long-awaited details of a promising copper-gold discovery at the Winu project in the Yeneena Basin of the Paterson Province in Western Australia.

OZ Minerals is well placed to execute a major company expansion in South Australia this year with the completion of construction at Carrapateena and the ramp-up of operations at Prominent Hill.

Glencore is supporting its status as one of Australia’s leading mining industry employers by boosting its number of apprentices in 2019.

BHP’s growth aspirations to significantly increase copper output at Olympic Dam have been recognised by the South Australian Government with major development status.

Panoramic Resources has shipped first concentrate from the company’s recommissioned Savannah project in the Kimberley region of Western Australia.

Newcrest Mining more than doubled its half-yearly profit amid lower gold and copper prices, thanks to record high production at the Cadia operations in New South Wales. 

A new report has confirmed Myanmar Metals’ Bawdwin project as the world’s largest primary lead resource, with an indicated resource of 37.2 million tonnes.

World’s top copper producer Chile has experienced a climb in non-copper exports in recent years. With its longstanding mining history, the country is looking at bridging METS collaboration with international markets.

Most mining companies have started on their digital journey, while others are still grappling with the idea.