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Newmont faces new protests in Peru as key report for $4.8 billion Conga project expected this week

Peru’s long-running Conga mine dispute is about to reach a turning point as international consultants appointed by the government in February finalize their environmental report on Newmont Mining and Buenaventura's US$4.8 billion copper-gold project.

Cecilia Jamasmie | April 10, 2012 | 4:19 pm

Chile’s Codelco will decide future of its Chuquicamata underground mine this year

Chile’s state-owned copper giant Codelco will make a decision on the construction of an underground mine at its Chuquicamata operation before the end of this year, said CEO and Executive President Diego Hernandez.

Cecilia Jamasmie | April 10, 2012 | 2:22 pm

Chile’s copper exports dropped 6.5% in first quarter

Chile’s copper exports fell 6.5% to US$10.5 billion in the first three months of 2012 from $11.2 billion in the same period last year, according to figures compiled by the country’s Central Bank.

Cecilia Jamasmie | April 10, 2012 | 1:42 pm

Glasenberg – 1, Xstrata shareholders – 0

The $2.6 billion Qatari investment could provide Glencore CEO Ivan Glasenberg the necessary backing he needs to push through the deal which many Xstrata shareholders say sell them short.

Frik Els | April 9, 2012 | 11:26 pm

Ivanhoe bloodletting continues

The Vancouver-based miner gave up another 3% on Monday, bringing its losses over the past trading week to 15% as worries about grades and costs at Oyu Tolgoi – one of the richest copper and gold mines in the world – continue to mount.

Frik Els | April 9, 2012 | 9:58 pm

FT: Spain and Portugal on the brink of mining renaissance

TSX-listed Emed Mining hopes to re-open the Rio Tinto copper mines in southern Spain after an almost 30-year hiatus.

Frik Els | April 9, 2012 | 9:54 pm

Mining investments in Chile to reach $100 billion by 2020

Mining investment in Chile, the world's largest copper producer, would reach US$ 100 billion between 2012 and 2020, the National Mining Society (Sonami) said on Monday.

Cecilia Jamasmie | April 9, 2012 | 6:38 pm

Peruvian miners trapped since Thursday unlikely to be rescued soon

Two or three days longer than anticipated could take rescuers to get to the nine Peruvian miners trapped 200 metres below ground since last Thursday, told reporters Oscar Valdes, cabinet chief to Peru's President Ollanta Humala.

Cecilia Jamasmie | April 9, 2012 | 4:40 pm

US job growth boosts copper bulls

Copper hit its highest level in 2012 this week, boosted by strong manufacturing data from China. Steady job growth in the US too is pushing up demand, but downside risks especially in Europe remain.

Resource Investing News | April 7, 2012 | 11:00 pm

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