Chile’s copper miners will need more energy, water to keep up production, Cochilco says Miners will increasingly get their energy from renewable sources, which are set to make up nearly 80% of the energy supply by 2026. Reuters | June 27, 2024 | 9:16 am
Uzbek copper producer will spend $15 billion to more than double output AGMK's plans include boosting both mining and ore processing facilities and the construction of a new smelter. Reuters | June 27, 2024 | 7:57 am
China’s Norinco agrees to buy struggling Congo cobalt miner Chemaf The deal with Norin Mining will enable Chemaf to settle its debts. Reuters | June 27, 2024 | 7:43 am
London Metal Exchange mulls adding warehouse in Hong Kong The LME is exploring whether to license a warehouse in Hong Kong as it seeks to strengthen services to clients in China. Bloomberg News | June 27, 2024 | 7:40 am
Antofagasta lowers copper treatment fees for some Chinese smelters The miner has agreed a sharp reduction to copper treatment and refining charges to $23.25 a metric ton and $2.325 cents a pound. Reuters | June 27, 2024 | 7:22 am
Vale expects to regain Onca Puma and Sossego copper mine licences Both licenses are expected to be reinstated within 48 hours. Reuters | June 27, 2024 | 7:17 am
Panama’s short-term economic outlook uncertain after mine closure, IMF says Key risks to Panama's economy include a potential loss of investment-grade status from credit rating agencies, further social unrest and international arbitration proceedings. Reuters | June 27, 2024 | 7:13 am
Codelco copper output falls behind target in May, document shows The mining firm, which has yet to publicly release data for May, produced 103,100 metric tons of the red metal in the month. Reuters | June 26, 2024 | 1:22 pm
Andurand ditches famed oil trades for copper and cocoa The pivot comes as the firm recovers from a record loss last year, ending a three-year winning streak. Bloomberg News | June 26, 2024 | 11:56 am