Ero Copper reports new copper zone below Vermelhos mine in Brazil

The Japanese firm's truck has achieved the unprecedented milestone of more than two billion tonnes of surface material moved autonomously.

Cochilco lowered its average copper price prediction for this year by $0.03 to $2.97 per pound on Thursday in its second negative projection in six months.

Results are from the Bongará Zinc Mine located in north-central Peru.

The company said the expansion, to start in early 2019, would add an average 60,000 tonnes of copper a year to its production over the first 15 years of operation.

While the project known as S11D isn’t scheduled to hit its 90-million-ton capacity until 2020, China’s appetite for the mine’s low-cost, high-grade ore continues to grow.

Budgets jumped about 19%, outpacing last year’s gain.

Cavalcanti joins Samarco as it attempts to renegotiate billions of dollars in debt with creditors and restart operations after a tailing dam burst in 2015, killing 19 people.

Canada’s largest diversified miner has been looking for a development partner for the $4.8-billion extension of Quebrada Blanca copper mine in northern Chile.

The Vancouver-based miner acquired Altos De Punitaqui, a producing copper-gold operating company.