Copper mining has been taking place in Africa for thousands of years and still occurs today. Here's a look at three companies that are currently mining the red metal on the continent.
Articles Tagged "copper mining"
Copper – Rio Tinto could be a few short weeks away from exporting metal from the Oyu Tolgoi mine in Mongolia.
Copper – Capstone Mining signed a deal with BHP Billiton for the Pinto Valley copper mine and associated railroad company. The mine changed hands for US$650 million.
Copper – Reuters reported that BHP has sold their Pinto Valley copper mine and a railroad in Arizona to Capstone Mining Corp for $650 million as they try to streamline operations.
Copper – Mining Weekly reported that operations have resumed at Codelco's Andina mine after a protest from workers earlier this week.
Copper – Mineweb reported that copper heavyweight Codelco has declared force majeure at a Chilean mine that is in the throws of labour unrest.
Copper – Mining Weekly reported that Rambler Metals and Mining reported a net profit of $1.95 million in its first full quarter of production at the Ming mine in Baie Verte.
Copper – Bloomberg reported that, after an attack that left at least 35 people dead in Lubumbashi, the DRC's Minister of Mines is assuring many of the mining companies that have offices in the city that the situation is under control.
Copper – Reuters reported that a new report suggests that Rio Tinto's Oyu Tolgoi mine construction will cost 30 percent more than had been forecast as they prepare to proceed with the second phase of development.
Copper – Bloomberg reported that Anglo American has returned to Zambia seeking copper after a 11-year absence, a sign that producers are looking to extend their global reach to take advantage of rising prices.