Ivanhoe’s Kamoa-Kakula exports first copper concentrate

South Africa’s mining industry is heading for the deadliest year since 2012 after six people died in an underground fire at Palabora Mining.

The possibility of a strike was talked about over the weekend.

A common target for the thieves is Antofagasta Plc’s logistics unit Grupo FCAB, which owns and operates about 700 kilometers of railway lines used to transport cathode and semi-processed copper.

Over 1,500 mining companies were operating in the South American country in 2016.

The Canadian miner plans to acquire the rights to the Milenos 32 concession adjacent to its Cerro Hermoso project in Peru.

China, the biggest consumer of everything from copper to coal, has warned that the proliferation of tariffs could cause a global recession.

Thieves leap from trucks onto trains as they roll through Chile’s Atacama Desert, before throwing 80-kilo slabs of copper to the ground and disappearing.

Company believes its Cascabel copper-gold project, 180 km north of the capital Quito, may become one of the largest copper-gold porphyry systems ever discovered.

To stay productive, McKinsey warns that miners must maintain fiscal discipline.