Twitter

Copper

Scientists Found a Massive Copper Deposit That Could Change the Future of Energy – by Darren Orf (Popular Mechanics – May 19, 2025)

https://www.popularmechanics.com/

Located along the border of Chile and Argentina, the Filo del Sol copper deposit has been under investigation for years for potentially being one of the largest copper deposits in the world. And that makes sense, considering this deposit is nestled along the Atacama Desert—long known for its immense copper reserves due to its location in the Andes and its placement within the eastern portion of the Ring of Fire.

However, a new initial mineral resource estimate completed earlier this month suggests that the companies in charge of mining this area—the U.S.-based Lundin Mining and BHP—may have stumbled upon five times more metal than they bargained for. According to a statement from Lundin Mining, the new assessment estimates the presence of up to 13 million tonnes of copper, 907,000 kilograms (32 million ounces) of gold, and 18.6 million kilograms (659 million ounces) of silver.

Read more

Canadian Ingenuity: Anyox, the ghost of a mining town in the mountains – by Susanna McLeod (Kingston Whig – August 08, 2024)

https://www.thewhig.com/

Distant from roads or rail lines, the copper mine in northwestern British Columbia was accessible only by ship. Established in the early 1900s, the mining town of Anyox was a thriving hub of production and home comforts until the collapse of the copper market during the Great Depression. The company had no choice. The Anyox camp was abandoned in 1935.

Demand for copper flourished in the mid-1800s, and industry responded with surveys and new mines. In 1889, explorations in the Boundary Range of the Coastal Mountains and the temperate rainforest revealed copper at a remote location off Portland Canal, near Observatory Inlet.

Read more

Pakistan: Global Backing For Reko Diq – OpEd – by Dr. Sahibzada Muhammad Usman (Eurasia Review – May 9, 2025)

Home

The signing of the long awaited $6.4 billion Reko Diq mining agreement is now expected to take place next month. This is regarded as one of the most important projects of Pakistan. Final multi-lateral financing arrangements are nearing completion, with arrangements now in place for financing via the UK and US Export Import (EXIM) Banks, the World Bank and Asian Development Bank (ADB), all of whom have commitments as part of the agreement between all the major international stakeholders.

One of the largest undeveloped copper and gold deposits in the world is Reko Diq, which lies in Pakistan’s mineral rich Balochistan province. Once operational, it should have an annual output of over 200,000 tons of copper and 250,000 ounces of gold for 40 years.

Read more

Why the Balochistan Mines and Minerals Act Was Enacted Swiftly and Silently – by Mariyam Suleman Anees (The Diplomat – April 28, 2025)

https://thediplomat.com/

The controversial law will undermine restive Balochistan’s rights over its mineral reserves.

In the second week of March, while the media was busy covering the deadly train hijacking in Pakistan’s southwestern province of Balochistan, the provincial assembly quietly and in great haste passed an important and now controversial piece of legislation: the Balochistan Mines and Minerals Act, 2025.

With little to no discussion or opposition to the bill, it silently slipped through the Balochistan provincial assembly and became an act on March 14, receiving barely any media coverage. Only after a similar bill in Khyber Pakhtunkhwa province sparked controversy did the Balochistan Mines and Minerals Act come into the limelight.

Read more

As Pakistan bets on a mining boom, can it equal Indonesia’s nickel success? – by Tom Hussain (South China Morning Post – April 26, 2025)

https://www.scmp.com/

A landmark deal unlocking vast copper and gold reserves has Pakistan eyeing a transformative economic shift

Pakistan is poised to join the ranks of the world’s top producers of critical metals by the end of the decade, thanks to an April 8 deal between the government and Canadian mining giant Barrick Gold.

Together, they aim to unlock the vast potential of Reko Diq, home to the world’s largest known untapped deposits of copper and gold with near-term production potential. Chinese firms are already on the ground, Saudi Arabia is on the verge of investing, and the United States is clamouring for access to Pakistan’s mineral wealth.

Read more

Teck stumbles again at QB2 copper mine, while zinc business outperforms – by Niall McGee (Globe and Mail – April 25, 2025)

https://www.theglobeandmail.com/

Teck Resources Ltd. stumbled once again in its latest quarter, as it encountered more ramp-up problems at its giant QB2 copper mine, while its zinc business fired on all cylinders.

Teck put the high-altitude QB2 mine in the mountains of northern Chile into production in 2023, but the US$8.7-billion project went way over budget. The ramp-up has been difficult, with grade shortfalls and production misses among the early challenges.

Read more

BHP warns of trade war fallout as it ramps up copper output (Bloomberg News – April 17, 2025)

https://www.bnnbloomberg.ca/

BHP Group Ltd. is warning U.S. President Donald Trump’s tariff spree could trigger a global economic slowdown and challenge trade flows, as the world’s biggest miner posted a solid quarterly production performance for key commodities including copper and iron ore.

“Despite the limited direct impact of tariffs on BHP, the implication of slower economic growth and a fragmented trading environment could be more significant,” Chief Executive Officer Mike Henry said in a statement Thursday. “China’s ability to shift toward a consumption-led economy and for trade flows to adapt to the new environment will be key to sustaining the global outlook.”

Read more

Exclusive-Trump supporter Prince reaches deal with Congo to help secure mineral wealth – by Jessica Donati and Sonia Rolley (Reuters – April 17, 2025)

https://www.reuters.com/

(Reuters) – Prominent Trump supporter Erik Prince has agreed to help Democratic Republic of Congo secure and tax its vast mineral wealth, according to two sources close to the private security executive, a Congolese government official and two diplomats.

The agreement, aimed at reaping more revenue from an industry marred by smuggling and corruption, was reached before Rwanda-backed M23 rebels launched a major offensive in January that has seen them seize eastern Congo’s two largest cities.

Read more

One of the strangest chapters in copper mining is drawing to a close – by Frik Els (Mining.com – April 10, 2025)

https://www.mining.com/

With so much happening in copper – from all-time highs mixed with price collapses – it’s easy to lose sight of the giant hole that exists in the industry where dynamite meets bedrock. Cobre Panama has now been sitting idle for 18 months, ordered to shut down by a supreme court ruling following months of protests that rocked the Central American nation.

The massive First Quantum Minerals mine, which entered production in 2019 is an increasingly rare phenomenon in copper mining. The mine’s global porphyry peers in terms of output have histories often dating back to the 19th century.

Read more

Osisko Metals’ Gaspé copper assays beat outlook – by Frederic Tomesco (Northern Miner – April 14, 2025)

Global mining news

Osisko Metals said initial drilling results at its Gaspé copper project in eastern Quebec topped expectations. Shares jumped. All five holes drilled in the past three months intersected significant disseminated mineralization within the volume of the company’s 2024 resource, CEO Robert Wares said in a statement Monday. New mineralization was also added at depth well below the base of the 2024 estimate.

Osisko is working to expand the Gaspé copper system’s resource with a view to potentially reopening the former Noranda mine in Murdochville, about 825 km northeast of Montreal. It’s targeting permits and construction by the early 2030s, with initial capital spending estimated at about $1.8 billion.

Read more

Rio Tinto hopes Trump will clear path for Resolution copper project – by Cecilia Jamasmie (Mining.com – April 9, 2025)

https://www.mining.com/

Rio Tinto is optimistic that US President Donald Trump will expedite the final permits approval for its long-delayed Resolution copper project in Arizona. Speaking at the CRU World Copper Conference in Santiago, Rio Tinto’s copper chief executive Katie Jackson said growing US interest in strengthening the copper supply chain could help advance the stalled mine.

“We hope that will be part of getting projects like Resolution to move because it has historically been a long process,” she told attendees. The mining giant has spent more than a decade navigating a complex permitting process.

Read more

CHART: Mining stocks massacre as copper price craters by 9% – by Frik Els (Mining.com – April 4, 2025)

https://www.mining.com/

On Friday, the most-actively traded copper contract plunged 9.1% to $4.3880 per pound ($9,670 a tonne) on the Comex market, not far off the day’s lows. Trading was busy with the equivalent of a nominal $11.4 billion worth of the orange metal changing hands.

May delivery copper is now down 18.4% from its record high hit near the end of March on frantic US buying ahead of the tariffs, only just escaping a technical bear market. In London copper did not fare much better, dropping 6.8% to $8,734 per tonne, the lowest since March 2020 at the onset of the covid pandemic.

Read more

An American mine still has millions of tons of copper, if companies can get to it (Bloomberg/Mining Weekly – April 2, 2025)

https://www.miningweekly.com/

Carved into a mountain range in Arizona’s Sonoran Desert, where temperatures often reach 118F (48C), a vast mining complex more than a century old is on the front lines of a race to unlock millions of tons of copper.

After 154 years of digging at Morenci, all the easily recoverable copper has been mined. Left behind are towering piles of waste rock that hold nearly ten-million tons of the metal seen as critical to global electrification. It’s a cache that could prove key to President Donald Trump’s ambition to boost US production of critical minerals.

Read more

New pathway to extract copper from sulfide ores – by Alice Martin (CIM Magazine – April 03, 2025)

https://magazine.cim.org/en/

B.C.-based pH7 Technologies is piloting a new heap leaching technology to recover copper from low-grade ores

Agrowing demand for copper worldwide is fuelling companies like pH7 Technologies to find ways to extract copper and other critical minerals from low-grade ore, tailings and mine waste. The Vancouver-based company is currently developing a process that uses heap leaching to recover copper from sulfide ores, like chalcopyrite, whereas traditional heap leaching is usually confined to oxide ores.

Mohammad Doostmohammadi, the company’s CEO and founder, who has a master’s degree in chemical engineering and has worked as a mining engineer, said in an interview with CIM Magazine that sulfide ores, which are low-grade and expensive to extract, represent 80 per cent of copper deposits worldwide.

Read more

Sahel juntas drive new era in mineral extraction – by Martina Schwikowski (Deutsche Welle – April 3, 2025)

https://www.dw.com/en/

In Niger, a local company has been granted a license to mine copper. Meanwhile, military governments in Mali and Burkina Faso aim to reduce dependence on foreign mining companies and diversify their economies.

Niger wants to boost its economy and expand its mining industry by mining copper in the Agadez region. The country granted a permit to national firm Compagnie Miniere de l’Air (Cominair SA). “Niger is continuing its programme of diversifying mining production” with a move that “marks its entry into the restricted circle of countries producing this strategic mineral,” according to a statement from Niger’s military government, which took power following a July 2023 coup.

Ulf Laessing, head of the Konrad Adenauer Foundation’s Sahel regional program in neighboring Mali, said the concession is part of Niger’s strategy to reduce its reliance on foreign companies for mineral extraction.

Read more