Freeport McMoRan Copper & Gold Inc. will add up to 250 jobs over the next year as it resumes copper mining at Miami, the company said Tuesday.
The Phoenix-based mining giant said it has already started moving mining equipment to the Miami mine and will begin hiring this quarter.
Brazilian mining company, Vale Group is conducting a feasibility study for investing in the Moatize coal mines in Mozambique. The agreement between the governments of Mozambique and the Vale Group, in addition to investing in coal mines, Vale Group is also investing in copper mines in the North Konkola, Zambia.
A mining expert has warned that Zambia will lose a lot of revenue when copper prices on the international market hit above the US $7,500 per metric tonne mark due to an anticipated copper shortage likely to occur between 2010 and 2012.
Zambia’s copper production for the eight months to August 2009 rose 18 percent to 456,004 tonnes compared with the same period in 2008 due to ramp up in output by producers, the central bank said on Tuesday.
The Bank of Zambia (BoZ) said in a fortnightly report copper exports were recorded at 433,666 tonnes from January to August 2009 compared with 361,550 in the same period last year.
The global economic crisis has made improving the mining sector in Congo region is slow, even some mining companies to stop the exploration activities. The increase in metal prices pushed mining companies to reactivate exploration and production activities of mining. The government hopes Congo copper and cobalt sector can increase production. Recovery of copper and cobalt production...
The El Morro copper-gold project is located 4,000 metres above sea level in the district of Alto delCarmen, in the Atacama region of north-central Chile. Xstrata Copper acquired El Morro project in August 2006 as part of the Xstrata Group’s acquisition of Canadian miner Falconbridge.
Mongolia mining industry is set to become a leading copper exporter after signing an agreement to develop a huge deposit near the Chinese border.
The country has signed up with mining companies including Rio Tinto to mine Oyu Tolgoi, a copper-gold deposit in the south Gobi desert.
Mongolia signed a long-awaited deal with Rio Tinto and Canada’s Ivanhoe Mines on Tuesday to develop a $4 billion gold and copper mine after a heated national debate over how to exploit the country’s mineral wealth.
