Copper Articles

BHP's productivity gains are cheered by investors - and unions

Feb. 26, 2018, 11:25 AM / Bloomberg News

(Bloomberg) - BHP Billiton Ltd. Chief Executive Officer Andrew Mackenzie touted $200 million in productivity gains at its giant Escondida copper mine in Chile, the world's largest. While that's music to the ears of investors pushing for the industry to extract more profit from operations, it may also be welcomed by Escondida workers as ammunition for their upcoming wage talks.Escondida's Union...Read More

Freeport says no plans to sell Congo cobalt asset as buyers circle

Feb. 26, 2018, 9:28 AM / Reuters

By Nicole MordantHOLLYWOOD, Fla., Feb 26 (Reuters) - Several parties are interested in buying Freeport-McMoRan Inc's cobalt project in the Democratic Republic of Congo but not at a price that would interest the miner and so it is not planning a sale, Freeport's chief executive officer said.As a result, Freeport is looking at other options for the asset, including possibly a joint venture to develo...Read More

Copper Fox Announces 2017 Year End Operating and Financial Results

February 26, 2018 / Copper Fox

CALGARY, Alberta, Feb. 26, 2018 (GLOBE NEWSWIRE) -- Copper Fox Metals Inc. (“Copper Fox” or the “Company”) (TSX-V:CUU) (OTC-Pink:CPFXF) is pleased to provide its consolidated 2017 year end operating and financial results.  All of the Company’s material subsidiaries are wholly owned except for Carmax Mining Corp. (“Carmax”) (TSX-V:CUX), of which the Co...Read More

Nevada Copper makes key appointments

26 FEBRUARY 2018 / Staff reporter

Abraham Jonker is interim CEO.Bonifacio, NCU's founder, retired earlier this month but is staying on the board as a non-executive director. He was credited with being an integral figure in the recently announced US$378 million recapitalisation and financing of the company, setting it up to move forward rapidly with plans to complete underground development and move into production next year.NCU ha...Read More

Shipping gauge shows iron ore, copper prices heading for fall

Feb. 25, 2018, 3:03 PM / Frik Els

Drifting into the doldrums?The Baltic Dry Shipping Index came to prominence at the start of the Chinese-led commodity supercycle around a decade ago.The London-based Baltic Exchange tracks the cost of moving commodities along more than 50 routes around the world and the BDI is considered one of the go-to barometers of the global economy and a leading indictor of commodity prices.In November 2015 t...Read More

Nickel-copper-cobalt find vaults Vancouver junior to top of TSX-V ranking

Feb. 25, 2018, 12:39 PM / Frik Els

Garibaldi Resources Corp. (TSX-V:GGI), a Vancouver-based explorer with projects in British Columbia and Mexico, topped the TSX Venture Exchange's Top 50 rankings in 2017 with a 2,351% year-over-year gain in market value in 2017.More than 150,000,000 of Garabaldi's shares were traded throughout the year, while its share prices appreciated 1,722% over the course of 2017. The Venture 50 ranking is ba...Read More

Galician MP denounces tailings pond breach

Feb. 23, 2018, 6:37 PM / Valentina Ruiz Leotaud

Member of the European Parliament L?-dia Senra filed a complaint before the European Commission denouncing the breach of a tailings pond in the Touro municipality, located in the Galicia autonomous community, northwestern Spain.The tailings pond was part of an old copper/gold mining complex operated by the Mining and Metallurgical Society of Pe??arroya and R?-o Tinto Pati??o. According to the MEP,...Read More

German scientists to build machine that speeds up urban mining processes

Feb. 23, 2018, 4:53 PM / Valentina Ruiz Leotaud

Scientists at the Fraunhofer Institute for Laser Technology ILT in Aachen, Germany, want to build a machine that is able to disassemble two mobile phones in one minute and remove its components to, later on, extract metals from them.The process is known as urban mining and it aims to recover raw materials such as copper, silver, gold, neodymium, and tantalum from old electronic devices. The metals...Read More

This guy got rich on Congo mines until bribe probe put future on hold

Feb. 23, 2018, 7:32 AM / Bloomberg News

A 20-year friendship that helped turn Dan Gertler into a billionaire has left the Israeli businessman with a lot fewer places to go.The U.S. government accused Gertler of corrupt mining and oil deals in the Democratic Republic of Congo and said he acted as a middle-man to enrich his longtime buddy, President Joseph Kabila. The two have been close since Gertler arrived as a young diamond merchant...Read More

Rio to build power plant at Oyu Tolgoi copper-gold mine in Mongolia

Feb. 23, 2018, 3:34 AM / Cecilia Jamasmie

Mining giant Rio Tinto (LON, ASX:RIO) will seek approval to build a power plant at its giant Oyu Tolgoi copper and gold mine in Mongolia and so comply with a 2009 investment agreement that calls for local suppliers to power the operation.The move, however, would add further costs to an ongoing $5.3 billion underground expansion of the mine, said Oyu Tolgoi LLC, Mongolia's largest copper and gold...Read More

Power Americas Minerals - Cheap Valuation in Prolific Historic Canadian Silver & Cobalt Camp

Feb 23, 2018 / Peter Epstein

Power Americas Minerals (TSX-V: PAM) / (OTCQX: PWMRF) is well positioned among roughly 18 juniors exploring for Cobalt ("Co") (and associated gold/silver) in the world-class, past-producing Silver-Cobalt Mining Camp in northeastern Ontario, Canada. Although reports vary, something on the order of 400-750 M ounces of Silver ("Ag") and 40-50 M pounds of Co were produced in the district. Power...Read More

Adam Hamilton: Gold's Curious Sentiment

Feb 23, 2018 / Adam Hamilton

Gold is faring quite well today technically, though you sure wouldn't know it from the rampant bearish sentiment. Gold's price is in a strong uptrend over a year old, high in both its current upleg and young bull market. Gold isn't far from breaking out to its best levels since September 2013, a really big deal. The stock markets even finally sold off after years of unnatural calm. Yet tra...Read More

SMM Morning Comments (Feb 23)

Feb 23, 2018 / Staff reporter

SHANGHAI, Feb 23 (SMM) –Copper: We see copper continue to rebound after touching a low at 51,000 yuan/mt ahead of Chinese New Year. LME copper is expected to trade at $7,140-7,200/mt today with SHFE copper at 53,200-53,900 yuan/mt. In the physical market, spot discounts are seen smaller at 250-180 yuan/mt as downstream customers resume operations gradually.Aluminium: LME aluminium is expecte...Read More

SRK Consulting Company Profile

23 FEBRUARY 2018 / Staff reporter

Being part of the SRK Group we are wholly owned by SRK employees and in addition we ensure our independence by holding no equity in any project. This enables us to provide multi-disciplinary conflict-free and objective recommendations on crucial judgement issues. Though based in the UK we work on projects all over the world. In conditions ranging from the tropics to the permafrost; and on pro...Read More

RESOURCEStocks Q&A: Tony Schreck, Metal Bank

23 FEBRUARY 2018 / Metal bank

RESOURCEStocks: First, you've reported a series of strong results from RC drilling at Triumph in south-east Queensland over the past 12 months. You are drilling mostly shallow holes through sub-10m of alluvium/sediment cover and have had success so far at six key targets, plus you've identified the big Au-Cu-Mo anomalies through IP geophysics. So there has been plenty to show for the work you've b...Read More

Cobalt price: Supply scramble heats up with Canadian deal

Feb. 22, 2018, 12:23 PM / Frik Els

Core logging at Dumont, the world's largest undeveloped cobalt and nickel sulphide reserve. Image: RNC MineralsInvestors piled into Cobalt 27 Capital Corp (TSX-V:KBLT) and RNC Minerals (TSX:RNX) on Thursday after the companies entered into a royalty deal on all future nickel and cobalt production at RNC Minerals' Dumont project in Quebec in a deal worth $70 million.Shares in Toronto-based Cobalt...Read More

Kaz Minerals sets higher output targets for 2018 as profits jump

Feb. 22, 2018, 10:50 AM / Reuters

LONDON, Feb 22 (Reuters) - Kazakhstan-focused Kaz Minerals on Thursday reported a jump in 2017 sales and production as its main mines ramped up and said it expected its 2018 output to rise as much as 16 percent.The London-listed miner, which mainly mines copper and gold, said 2017 earnings before interest, taxes, depreciation and amortization (EBITDA) excluding special items rose to $503 million f...Read More

US copper stocks sprint to record high, reflecting transport costs, weak demand

Feb. 22, 2018, 10:41 AM / Reuters

LONDON, Feb 22 (Reuters) - Record high stocks of copper in land-locked Arizona and Utah are a reflection of soaring transport costs in the United States and weak demand for the industrial metal produced in the Americas, copper industry sources say.Trading sources added that stocks in these two locations are likely to keep rising until prices are high enough to offset costs of transporting the copp...Read More

Barrick to hike gold output as Newmont gets too close to being world's top producer

Feb. 22, 2018, 9:03 AM / Cecilia Jamasmie

Barrick Gold (TSX, NYSE:ABX), the world's top bullion producer by volume, is stepping up efforts to hike output of the yellow metal by advancing a number of projects expected to add more than one million ounces a year starting in 2021.The Toronto-based company, which is now only 50,000 ounces - or about 125 gold bars - ahead of rival Newmont Mining (NYSE:NEM) in terms of annual production, said C...Read More

Anglo American 'shows off' - doubles profits, halves debt, pays highest divvy in a decade

Feb. 22, 2018, 3:40 AM / Cecilia Jamasmie

Global miner Anglo American (LON:AAL) was full of good news Thursday as it announced it had doubled its net profit in 2017, slashed debt and said it would pay its highest dividend in a decade, thanks mainly to rising commodity prices and lower costs.The company, the last of the world's largest miners to report annual results this month, said earnings before interest, tax, depreciation and amortiz...Read More

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