Billionaire-backed KoBold, Midnight Sun team up for Zambia copper …

The Rio Tinto-Glencore merger appears stalled and a BHP-Anglo American tie-up is indefinitely postponed, but copper mining is already top heavy. Frik Els | January 27, 2025 | 11:35 am

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Ghost Towns of the Upper Peninsula of Michigan from the copper mining …

Once (about 1872) a thriving mining town of around 500 to 1000 people, but today there are only a few old buildings and the Phoenix Church remaining at the site of the old mine. St. Mary's Church was built in 1858 to serve the Catholic residents of the mining community of Cliff, the scene of the area's first major copper discovery in 1844.

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Mine near Porcupine Mountains nears funding goal in …

A controversial UP copper mine that failed to obtain state funding in the state's 2025 budget in July could be on the verge of receiving $50 million during the Legislature's lame …

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Proposed UP copper mine hits roadblock over $50M grant

A proposed copper mine in the Upper Peninsula hit a roadblock Tuesday when the Michigan Strategic Fund referred a $50 million grant request back to a subcommittee.

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Vedanta aims to raise $1 billion via debt to fund Zambian copper …

Vedanta Resources is trying to raise around $1 billion in debt financing to fund development of its Konkola Copper Mines (KCM) in Zambia, Chris Griffith, head of the company's base metals unit ...

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Chile's copper output jumps in December

Copper output in Chile, the world's largest producer of the red metal, increased 14.3% year-on-year in December to 566,547 metric tons, the country's INE statistics agency said on Friday.

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Freeport cranks up copper output as rivals scour …

Freeport-McMoRan is turbo-charging its copper output across three continents with no plans to join a buyout frenzy sweeping the mining industry, a strategy that analysts say positions the company ...

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Public hearing draws on big questions about U.P. copper …

Copperwood Resources Inc., the U.S.-based subsidiary of the Canadian company Highland Copper, plans to dig an underground mine and process that ore nearby. It would …

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$50M in state funds for proposed UP copper mine clears …

A major point of concern is the potential for mine waste to escape into Lake Superior, less than two miles away from the mine site. But others see the mine as a lifeline for the region's struggling rural economy, including Marty Fittante, CEO of InvestUP, an economic development organization based in Marquette. "The Upper Peninsula is my home.

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Funding for UP copper mine held up in Senate …

State funding for a controversial copper mine in the Upper Peninsula has been held up. For the second time this year, the state Senate Appropriations Committee did not vote on tens of millions of dollars for the …

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China's fast-growing copper champion is reshaping global

The mine produced almost 394,000 metric tons of copper concentrate in 2023 and Chen said Zijin was considering a pathway toward 1 million tons of annual output — ambitious, given the continued ...

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Copper mine could bring jobs to the U.P., but not …

Highland Copper Company plans to develop a $425 million copper mine in Gogebic County that will create 380 jobs for the region and generate $121 million in tax revenue over an 11-year lifespan.

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Michigan's UP is full of closed mines. Technology may give …

Game changer? In the mid 1990s, a Michigan Tech team cataloged more than 2,000 shafts from 800 mines in Marquette County and seven other western UP counties. The amount of potentially viable sites for energy storage likely is somewhere between those numbers, said Timothy Scarlett, an associate professor of archaeology and anthropology at Tech who is …

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4 Best Copper ETFs to Buy | Investing

While the fund holds large copper mining companies, no stock takes up more than 6% of the fund's holdings, meaning it won't suffer as much if a single company runs into trouble as the shares of ...

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Rio Tinto lifts 2025 guidance for capex, copper output

Anglo-Australian mining group Rio Tinto on Wednesday lifted its capital expenditure guidance for 2025 and forecast higher copper production, mostly on an anticipated 50% output surge from its ...

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Controversial copper mine subsidy among $300M approved …

The company hopes to mine 64.6 million pounds of copper annually, but it's not yet known where the metal would end up. Fittante said the new mine could return prosperity to a region that has lost schools, hospitals, downtown businesses and more amid a population exodus that is happening because the region's "present economic structure ...

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Underground Mine Tours

The Adventure Mine is a copper mine near Greenland, Michigan that operated from 1850 to 1920. During that time, miners removed more than 11 million pounds of native copper from the ground. We invite you to step back in time in the world's greatest copper district to experience one of Michigan's best-preserved historic mines.

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U.S. Gold Corp.: Wyoming Gold And Copper Mine Prospects Strongly Up

The Wyoming gold-copper mine in Laramie County will be a profitable asset for 10 years of operation, assuming gold and copper continue to trade well above the base case scenario.

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Chile's Pampa Camarones copper mine is up for sale

Chilean private equity fund Minería Activa has put its Pampa Camarones copper mine up for sale in the country's far north amid an ongoing price rally that saw the bellwether metal passing ...

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BHP to spend up to $14bn in Chilean copper expansion

BHP, which owns and operates the giant Escondida copper mine in Chile, said the company will need to invest between $10 and $14 billion at a capital intensity of $23,000 per tonne of copper ...

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Yukon Metals samples up to 3.49% copper at AZ property

Last week, Yukon Metals announced that it has identified several high-priority drill targets at the Birch project, where rock chip sampling returned values up to 2.42% copper and 14.1 g/t gold ...

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Saudi state mining giant steps up search for copper

Saudi Arabia's state mining giant is ramping up its domestic search for copper — a key ingredient for the energy transition — soon after announcing plans to explore the country for lithium ...

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Collecting Copper in Michigan's Copper Country

The Keweenaw Peninsula of Michigan has been nationally famous for over 100 years for its history of highly productive copper mining. The local basalt is criss-crossed with many thick veins of native copper that made up the main ore of many of the mines. Solid natural masses of copper weighing hundreds of pounds were found with relative ...

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$50M in state funds for proposed UP copper mine clears …

A state House panel approved funding Wednesday to help a Canadian company build a copper mine near Porcupine Mountains Wilderness State Park in the Upper Peninsula.

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Saudi state mining giant steps up search for copper

The Scoop Saudi Arabia's state mining giant is ramping up its domestic search for copper — a key ingredient for the energy transition — soon after announcing plans to explore the country for lithium, the company's chief executive told Semafor.

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Freeport cranks up copper output as rivals scour for deals to …

Another is in Indonesia, where it is expanding Grasberg, the world's second-largest copper mine. Freeport is also hoping to negotiate an extension of its mining rights beyond 2041 with the new ...

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Copper price: What's in store for 2025

In May, Comex copper hit an all-time intraday high of nearly $5.20 a pound or $11,500 per tonne. Positioning went to such net lengths that dollar trading volumes scaled $100 billion (twice the Dow ...

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Michigan approves $50M for Upper Peninsula copper mine …

The Michigan Strategic Fund agreed to spend $50 million to support the Copperwood mine project in the western U.P. Supporters say the mine will provide much …

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Barrick speeds up Zambian copper mine …

According to Barrick, the Super Pit expansion project will transform Lumwana into one of the world's major copper mines, with projected annual production of around 240,000 tonnes per year over a ...

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U.S. Capital Wealth Advisors LLC Purchases New Shares in iShares Copper

iShares Copper and Metals Mining ETF Trading Up 0.6 %. Shares of ICOP stock opened at $26.32 on Thursday. The company has a market capitalization of $47.38 million, a price-to-earnings ratio of -9 ...

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Teck earmarks up to $3.9 billion to boost copper output

Teck Resources (TSX: TECK.A, TECK.B)(NYSE: TECK), Canada's largest diversified miner, plans to invest up to $3.9 billion over the next four years to increase its copper production to about ...

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Mining rush brings hope, dread to Upper …

Last week, they announced a major discovery: Their very first bore hole revealed the telltale shimmer of copper and nickel sulfide ore — rocks that could potentially be mined, crushed and purified to make electric vehicle …

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