Tag: Copper

Mercuria Energy Group is teaming up with Zambia on a metals trading venture, the latest example of a commodity house partnering with a mineral-rich state to secure access to key resources.

Rio Tinto Group contributed to widespread damage due to waste left at an abandoned copper mine in Bougainville, Papua New Guinea, and risks to local communities are ongoing, a report has found.

Norway has paused its controversial plans to mine the seabed in Arctic-reaching territorial waters after the Socialist Left Party (SV), a small left-wing environmentalist group, secured an agreement to delay the initiative in exchange for supporting the national budget.

Newmont (NYSE: NEM, TSX: NGT, ASX: NEM) has applied to extend the permit for its Cadia operation, Australia’s largest underground mine, until 2050.

Vale (NYSE: VALE) will hold a public hearing at the end of October as part of the process to advance its $500 million Bacaba copper project in Brazil’s northern state of Pará.

Mining associations, whose members or participants include almost 100 companies, have launched a 60-day public consultation on a program aimed at providing a consolidated standard for the sector’s environment, social issues and governance (ESG).

Copper rose to a two-month high to cap a strong week for metals, helped by the Federal Reserve’s half-point rate cut.

Zambia’s biggest mines are turning to a surprising power source as the copper-producing nation battles an unprecedented energy crisis: South African electricity company Eskom Holdings SOC Ltd., which until March faced its own severe deficit.

American Creek Resources (TSXV: AMK) has firmed up its proposed sale to privately held Cunningham Mining Ltd. in an arm’s-length, all-cash deal valued at C$207 million ($152 million) with the signing of a definitive agreement dated September 5.

Power Nickel has expanded its use of Fleet Space Technologies’ ExoSphere — a cutting-edge exploration tool, to better understand its projects along Chile’s Atacama Fault system.

Zambia has temporarily shut its borders with the Democratic Republic of Congo, the government said at the weekend, in a move that could delay exports from Africa’s biggest copper producer.

The United States on Thursday banned imports from five more Chinese companies over alleged human rights abuses involving the Uyghurs, according to a government posting, as part of its effort to eliminate goods made with forced labor from the US supply chain.