Chile's government on Thursday tapped Bernardo Fontaine to replace Maximo Pacheco as chairperson of the world's largest copper producer, State-run Codelco, giving the economist and executive a key leadership role as newly inaugurated President Jose Antonio Kast's administration criticizes the miner's debt, budget overruns and production challenges.
New York- and Toronto-listed copper development company McEwen Copper has appointed financial services provider Societe Generale to lead the structuring and arrangement of a senior debt package to fund the construction of the Los Azules project, in Argentina.
Investment adviser Appian Capital Advisory has acquired a 95% controlling equity interest in the Omitiomire copper project (Omico Copper), in Namibia, and says about $400-million in development capital is needed to create a mine capable of producing about 300000 t/y of copper over a 15-year mine life.
Shareholders of Arizona Sonoran Copper Company have voted in favour of the proposed buyout of the company by diversified miner Hudbay Minerals for $1.48-billion in an all-share transaction.
A significant zone of visible copper sulphide mineralisation has been intersected down-dip of a wide zone of high-grade copper mineralisation intersected last year.
Northern Cape-focused copper company Copper 360's board has approved a strategic operational restructuring focused on accelerating the development of its higher-grade ore at the Rietberg mine and has suspended the processing of its lower-grade broken stock or waste material.
Freeport-McMoRan said on Monday that it still expects Indonesia's Grasberg copper and gold mine to resume full production by the end of 2027, reiterating a plan outlined last month and pushing back on reports that the restart could drag into 2028.
NEW DELHI – India and Peru will probably hold the next round of talks on a proposed free trade pact next month, a senior Peruvian diplomat told Reuters, adding that a deal could be signed by the end of the year.
HONG KONG/BEIJING – China's imports of refined copper are set to rise in the second quarter of this year, driven by strong demand and potentially lower domestic output because of smelter maintenance, analysts and traders said.
LONDON – Rio Tinto is evaluating the economic potential of McEwen Copper's giant Los Azules project in Argentina as the mining group considers increasing its 17.2% stake in the development, two industry sources said.
