Copper News Roundup

SHANGHAI, Sep 14 (SMM) – This is copper news roundup for last week.

1. The Biden government of the United States on September 9 stated that it would restart a procedure to permanently suspend the development of the Pebble Mine project, thereby permanently protecting the ecology of an important water area in Alaska. Pebble Mine is one of the largest copper and gold deposits in the world. If development is completed, the open-pit gold-copper mine will produce more than 70 million mt of gold, molybdenum and copper ore each year.

2. OZ Minerals said on September 7 that its Prominent Hill copper-gold mine in South Australia is gradually recovering after it ceased operations due to the death of an underground worker over the weekend. The miner predicts that the mine will produce up to 70,000 mt of copper and 135,000 oz of gold in fiscal year 2021.

3. Minera Lumina Copper said on September 5 that it had reached an agreement with the workers of the Caserones mine in Chile on a three-year collective contract, ending a nearly one-month strike. Minera Lumina Copper, controlled by Japan’s JX Nippon Copper, said in a statement that 98% of the union’s members voted for its latest offer and signed a contract on September 4.

4. In August 2021, the Sixth Central Ecological Environmental Protection Supervision Group inspected Daye Nonferrous Metals Group Holdings, a subsidiary of China Nonferrous Metal Mining Group, and found that the main responsibility was not fully implemented, environmental pollution was serious, and hidden risks were high.