copper

The Government of Mongolia will review and evaluate Rio Tinto’s plans for the Oyu Tolgoi copper-gold project if the development does not prove to be economically beneficial.

Torrens Mining has made its first appearance on the ASX this week after raising $10 million to progress its gold and copper exploration in Australia and Papua New Guinea.

Chalice Gold Mines has raised $100 million to prop up its development activities at the Julimar nickel-copper-PGE (platinum group elements) project in Western Australia.

South Australia has increased landowner rights and environment protections in its mining act and regulations review.

IGO is building on its purpose of “making a difference” as a business as it continues its strategic focus on copper and nickel as metals critical for enabling clean energy.

McGrathNicol Restructuring has been appointed as voluntary administrators of Tiger Resources to assess the future of the company and its assets. 

BHP has committed to the Copper Mark Responsible Production Framework that covers areas including environment, community, human rights and governance issues.

Sandfire Resources has responded to speculation that China is considering a ban on Australian copper imports, stating that it is “not aware of the reasons for the reported potential ban”.

BHP has selected the Cooperative Research Centre for Optimising Resource Extraction (CRC ORE) to provide bulk ore sorting and sensing expertise at the Olympic Dam mine in South Australia.

Galileo Mining has announced promising assay results following recent diamond drilling at the company’s Lantern prospect in the Fraser Range nickel belt of Western Australia.

OZ Minerals is targeting higher production at the Prominent Hill copper-gold mine in South Australia this year on the back of strong performance and record gold prices.

BHP has recorded another round of promising results during the third phase of Oak Dam exploration drilling in South Australia, cementing the prospect as a long-term growth opportunity for the Olympic Dam copper mine.

Encounter Resources has started diamond drilling at the Aileron gold-copper project in the West Arunta region of Western Australia – a joint venture between Encounter and Newcrest Mining.

Glencore has been awarded a financial lifeline by the Queensland Government to extend the operation of its Mount Isa copper smelter and Townsville refinery beyond 2022. 

DGO Gold has expanded its land holding around a prospective copper target on the Stuart Shelf in South Australia, which also hosts BHP’s Olympic Dam and OZ Minerals’ Carrapateena deposits.

BHP has awarded local construction materials manufacturer Adbri a four-year contract extension at the Olympic Dam mine in South Australia.

Copper prices have continued to rise this week to almost $US6800 per tonne ($9345) as global concerns of a lack of supply continue.

Rio Tinto has started rotary air blast drilling at the Janice Lake sedimentary copper-silver project in northern Saskatchewan, Canada.

The Northern Territory Government has approved all 10 of Middle Island’s exploration licenses for the Barkly super-project.

Copper prices have rebounded this week as Chinese demand for the metal reached record levels during July.