COPPER ORE RESERVES
By 1909, copper had helped Swansea, Arizona, grow to about 500 people; financial trouble followed in 1911, and the last mine closed in 1937
Swansea, Arizona, once thrived as a mining community but became a ghost town after its abandonment in 1937. It flourished in the early 1900s due to copper discoveries, only to suffer economic decline later. Research highlights that boom-dependent communities often face economic hardships. Surprisingly, copper prices are soaring today, driven by the tech and electric vehicle sectors. Swansea's history reminds modern towns to tread carefully in the current copper market.
Copper supply crunch could push prices higher as new mines take over 16 years to develop: Goldman Sachs
Goldman Sachs Research warns that declining discoveries, lower ore grades and rising development costs are creating a structural constraint on global copper supply. With new mines taking over 16 years to begin production and existing output expected to decline from 2030, established producers and credible expansion projects could attract greater investor value.
Hindustan Copper shares gain 3% as company plans Rs 7,000 crore capital investment in next 5 years
Hindustan Copper shares rose after the company announced a Rs 7,000 crore investment over the next 5-6 years and signed MoUs with major PSUs to expand its mining portfolio, while also partnering with Chile’s CODELCO on mining expertise and capacity building.
Mining sector could contribute USD 500 billion to Indian economy in next 20 years: Maharashtra CM Fadnavis
India's mining sector is projected to contribute half a trillion dollars over twenty years. This vital industry is expected to create three crore new jobs for the nation's economy. Mineral security is now intrinsically linked with energy security for global stability. Emerging technologies like AI and quantum computing depend heavily on mineral resources. Vidarbha is poised to become a significant engine for India's mining-led economic growth.
Commodity Talk | Gold isn't the only story: Why copper, energy and other commodities are gaining portfolio relevance, says Dr. Joseph Thomas
Gold remains the traditional hedge against inflation and uncertainty, but the opportunity set is becoming much broader. Copper, for instance, is gaining structural relevance as demand from electric vehicles, construction, AI and data centres collides with limited investment in new mines and declining ore quality. Energy markets, meanwhile, remain critical for India, where higher crude prices can quickly feed into import costs, inflation and the balance of payments.
US seeks more access to Venezuela's mineral wealth after tapping its oil, sources say
The Trump administration seeks increased access to Venezuela's mineral wealth. This effort aims to secure critical minerals for national security interests. US companies are being consulted about potential investments in the mining sector. Previous authorizations have already opened pathways for Venezuelan mineral transactions. This strategy aligns with broader US goals in Latin America.
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Hindustan Copper OFS oversubscribed on both days, says govt. Here are all the details
Hindustan Copper’s government OFS drew strong institutional demand, with the non-retail portion subscribed 3.41 times on Tuesday. The Centre exercised the full greenshoe option, taking the potential stake sale to 6%, while retail investors can bid on Wednesday at a floor price of Rs 514 per share. The company’s strong Q1 performance and plans to expand mining capacity also remain in focus.
Hindustan Copper shares fall 6% as govt opens OFS at 10% discount
Hindustan Copper share price: The government has announced its intention to divest a 3% holding in Hindustan Copper through an offer for sale, commencing for non-retail investors on August 25, with retail options shortly thereafter. The share floor price is pegged at Rs 514, below the closing value. If the offer is met with high demand, an extra 3% may be available.
Govt to sell up to 6% stake in Hindustan Copper via OFS; floor price at 10% discount
The government will sell a 3% stake in Hindustan Copper through an OFS at Rs 514 per share, with an option to divest another 3%. The sale offers a discount to market price amid strong quarterly earnings and expansion plans.
Hindustan Copper plans capital investment of over Rs 7,000 cr over next 5-6 yrs
Hindustan Copper plans significant capital investment over the next five to six years. This expansion drive includes exploration and mine revival initiatives. The company is also pursuing strategic partnerships for growth opportunities. Rising domestic copper demand fuels these ambitious expansion plans. Hindustan Copper aims to bolster India's mineral security through these efforts.
Hindustan Copper plans Rs 2,000cr capex for core expansion by FY31, excludes PPP projects
Hindustan Copper Ltd. (HCL) will invest approximately Rs 2,000 crore over the next five to six years to expand its mining operations, primarily focusing on the Malanjkhand Copper Project in Madhya Pradesh.
HCL to ramp up copper ore production capacity to 12.2 MTPA by FY'29
The proposed expansion of mines in the western sector - Khetri and Kolihan in Rajasthan - will increase ore production capacity fromexisting 1.0 to 3.0 MTPA. The proposed expansion and reopening of Surda Mine in Jharkhand will increase its production capacity from 0.4 MTPA to 0.9 MTPA.
Hindustan Copper to increase mine production, says MD
He said that the global demand for copper is expected to be on the rise in the long run due to its use in sectors like electronics, construction, industrial machinery and consumer products.
Budget 2022: Govt urged to include iron and steel products in RoDTEP scheme
EEPC India chairman Mahesh Desai has also proposed reduction in customs duty on copper ores and concentrates from 2.5% to nil as part of the recommendations to the Budget 2022-23. Desai said that manufacturer exporters have seen their profit margins getting thinner and thinner due to high raw material prices and a surge in ocean freight cost for the last almost one year.
State-run Mineral Firms may Float a JV to Scout for Lithium, Cobalt Reserves Abroad
India, which has set a target of achieving an all-electric vehicle fleet by 2030, has almost no reserve of these minerals and is keen on building up a strategic reserve of these minerals.
Government plans to auction over 100 mineral blocks by March 2019
The government so far has auctioned 50 mines, including 23 limestone, 17 iron ore, 4 gold, 2 each of manganese and graphite blocks and one bauxite and diamond block each.
Mines Auction: States to garner revenues of over Rs 35,500 crore
During the first round held in the last financial year, states offered nearly 47 mines bearing minerals such as gold, iron ore, bauxite and limestone.
Pakistan discovers major reserves of iron ore in Punjab
The reserves were found at Rajua in Chiniot district, around 165 kilometres from Lahore, by Chinese group the Metallurgical Cooperation of China.
As copper runs low, producers turn ideas to boost output of metal
The new technologies offer a wide range of creative, and sometimes cheaper, options to produce a metal used in air conditioners.
Indian companies hold breath as Kabul set to invite bids for developing 4 new mines
"Indian companies have good potential and they are competitive. We expect to attract both public and private companies from India to participate in the forthcoming bids in a big way", Wahidullah Shahrani, Mines minister, Afghanistan said.
SAIL upbeat on winning the iron-ore mining contract from Afghanistan
The contract in Afghanistan will give the state-run company an edge over rivals in bids for exploring other minerals in the war-torn country.
Nalco-led team eyes Afghan gold, copper reserves
A consortium of three state-owned miners led by National Aluminium Company has decided to submit expressions of interest for exploration of gold and copper reserves in Afghanistan.
NMDC keen on Tanzania gold
State-run miner NMDC is hoping to acquire a mining lease for a gold deposit in Tanzania soon.
Gold mines see action as prices soar; Hutti to reopen Chitradurga mine
As gold prices hover at all-time highs, companies are about to reopen mines that were abandoned for various reasons.
Nod for HCL's Rs 1,856cr Malanjkhand development project
The government on Friday approved Hindustan Copper's proposal to develop an underground copper ore mine at Malanjkhand in MP.
ArcelorMittal, Tatas, Jindals keen on Afghanistan investment
In order to attract investment in the war-torn country, Afghanistan had in September sought expression of interest rom global companies to develop Hajigak mines.
Hindustan Copper to sell non-core assets
This is expected to fetch the state-run company more than Rs 3,000 crore over an extended period, chairman Shakeel Ahmed said.
Hindustan Copper-Nalco eye Peru copper asset: Sources
Hindustan Copper and Nalco joint venture is in talks to buy a copper reserve in Central Eastern Peru, three independent sources close to the development said.
Vedanta restructures group into 3 commodity focused verticals
Resources Plc on Tuesday announced a restructuring to simplify the group corporate structure into three commodity focused verticals: copper and zinc-lead; aluminium and energy; and iron ore.
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