Copper Articles

Canada the world's overall top mining destination, despite Saskatchewan fall

Feb. 22, 2018, 2:00 AM / Cecilia Jamasmie

Canada is the world's most attractive region for mining investment, based on the combined rankings of all its provinces and territories, the latest annual global survey of mining executives released Thursday by the Fraser Institute shows.While the Maple Leaf country overtook Australia as regional destination number one, many of its provinces and territories did not fair well this year in the po...Read More

SMM Evening Comments (Feb 22)

Feb 22, 2018 / Staff reporter

SHANGHAI, Feb 22 (SMM) – Nonferrous metals futures saw mixed trading as China reopens after the week-long holiday with SHFE lead, nickel and copper up slightly while aluminium slid over 1%. Both tin and zinc also edged down.In the ferrous complex, both coking coal and coke went up while rebar was down 1.7% and hot-rolled coil slipped 1.4%.Copper: SHFE copper came off from highs registered ea...Read More

Unlock your high performance potential with the Human Factor

22 FEBRUARY 2018 / Staff reporter

By Christian "Boo" Boucousis of Afterburner Australia If there's one thing every fighter pilot is acutely aware of it's the limitations of human beings in the complex environment they operate. At no point is a fighter pilot ever fully in control of "the full picture". They do however understand the importance of creating Situational Awareness or finding the right information at the right time to m...Read More

Cerro Blanco puts Bluestone on production runway

22 FEBRUARY 2018 / Bluestone resources

And pretty soon others who know a thing or two about opportunities in the space were convinced, too.Robins, a founder of Kaminak Gold and Stornoway Diamonds, had preconceptions about the country he admits were mostly wrong.He also thought the Goldcorp project, untouched for five years, might be in a less than pristine state.But it wasn't. Right down to the perfectly manicured office lawns and well...Read More

LSC headed towards front of Li pack

22 FEBRUARY 2018 / Lsc lithium

The Toronto-based company is racing towards development at its brine projects by 2021, just in time for the lithium supply gap forecast by Benchmark Mineral Intelligence. This year, LSC has announced the maiden resources for its Rio Grande and Pozuelos projects. Rio Grande has an inferred resource of 2.19 million tonnes lithium carbonate equivalent, over an area of 3 square kilometres, t...Read More

Maptek expands role in mining's digital future

22 FEBRUARY 2018 / Staff reporter

Maptek general manager for North America, Rob Hardman was recently speaking with a senior operations figure at a big gold company when the latter remarked that, "you guys have a unique position here … you can get my geologists and engineers working together because they're all using Maptek products, and there is very little of that in my whole department".And then, says Hardman, the questio...Read More

Southern Copper to splash $2.5 billion on Peru project

Feb. 21, 2018, 12:40 PM / Frik Els

Southern Copper Corp was declared the winner on Tuesday of the Peruvian government's first auction of the Michiquillay copper project, the first tender in nearly a decade.According to a statement by Southern Copper, controlled by conglomerate Grupo Mexico won the tender with a proposal to transfer $400 million to the government and pay 3% royalties.Southern Copper affirmed Peruvian investmen...Read More

Apple in talks to buy cobalt directly from miners - report

Feb. 21, 2018, 5:48 AM / Cecilia Jamasmie

Tech giant Apple Inc (NASDAQ: AAPL) is said to be in talks to buy long-term supplies of cobalt directly from miners as a way to ensure sufficient supply of the metal, an essential ingredient in the batteries that power its iPhone.Citing anonymous sources, Bloomberg reports that the company is trying to secure contracts for several thousand tonnes of cobalt for five years or longer.Electronics and...Read More

Miners rich in cash are aiming for fat dividends, debt payments

Feb. 21, 2018, 4:35 AM / Bloomberg News

The mining industry is awash with cash, and so far it's got two main uses - pay down debt and reward investors.Three of the big four London-listed miners have released earnings this month, and it's clear the companies are doing what shareholders have demanded of them. Glencore Plc, which traditionally favored stuffing its war chest over rewarding shareholders, surprised the market with a $2.9 bill...Read More

Glencore gives investors $2.9bn in dividends after 'strongest' results ever

Feb. 21, 2018, 3:44 AM / Cecilia Jamasmie

Miner and commodities trader Glencore (LON:GLEN) said Wednesday it would pay shareholders $2.9bn in dividends after achieving what it called its "strongest results on record", which attributed mainly to a sharp recovery on commodity markets and a strong performance from its marketing unit.The 2017 results leave Ivan Glasenberg, the head of the Swiss company, well positioned to continue doing wh...Read More

New Low in Gold Stocks is a Strong Buy Signal

Feb 21, 2018 / Jordan Roy-Byrne

Gold has been on the cusp of a major breakout but someone forgot to tell the gold stocks. Gold is right back at resistance levels yet the various gold stock indices are off their September 2017 highs by 11% to 16%. The relative weakness in the gold stocks (and Silver) is a signal that Gold is unlikely to breakout now. In fact, if Gold were to correct here the gold stocks could threaten support and...Read More

Kin on pathway to gold

21 FEBRUARY 2018 / Kin mining

The company has started site works at the project in the state's renowned Goldfields and is already looking to achieve further resource growth, along with production and cashflow."Our number one message is growth - we're growing the business centred around an aggressive exploration campaign planned for 2018," chairman Trevor Dixon said."We have a 100%-owned gold project and our definitive feasibil...Read More

BHP CEO will meet with activist Elliott to discuss demands

Feb. 20, 2018, 11:11 AM / Bloomberg News

(Bloomberg) - BHP Billiton Ltd.'s top executive will meet with major critic Elliott Management Corp. this week to discuss demands for a business overhaul that the activist group argues could deliver more than $22 billion in value.BHP's first-half results missed analysts' expectations and the shares fell 4.6 percent, on pace for the biggest daily drop since April. The world's biggest mining compan...Read More

Mongolia says can build power plant to supply Oyu Tolgoi mine

Feb. 20, 2018, 10:42 AM / Reuters

ULAANBAATAR, Feb 20 (Reuters) - Mongolia can build a power plant at its Tavan Tolgoi coal mine by 2021 to supply the Oyu Tolgoi copper project, energy officials said on Tuesday, as the government seeks to hold Rio Tinto to an agreement to use Mongolian power.Tensions have mounted between the Mongolian government and its fellow shareholders in Oyu Tolgoi, where Rio Tinto is operating a huge undergr...Read More

Southern Copper wins auction for massive Peru copper project

Feb. 20, 2018, 9:31 AM / Frik Els

An auction for the $2 billion Michiquillay copper project in Peru attracted 10 interested companies according to Peru's government investment agency Proinversi??n with Southern Copper Corp declared the winner on Tuesday .Reuters reports Southern Copper won the tender with a proposal to transfer $400 million to the government and pay 3% royalties. Southern Copper is controlled by conglomerate Grup...Read More

Toyota to make cheaper electric motors by halving use of rare earths

Feb. 20, 2018, 3:21 AM / Cecilia Jamasmie

Toyota Motor Corp, Asia's No.1 carmaker, has found a way to make electric vehicles (EVs) more affordable and less vulnerable to shortages in supply of the key elements needed to produce the rechargeable batteries that power them.The key for such new wave of EVs is a magnet for electric motors developed by the Japanese firm, which halves the use of a rare earth called neodymium and eliminates the u...Read More

Congo's Kabila yet to sign new mining code as deadline nears

Feb. 20, 2018, 3:00 AM / Reuters

Democratic Republic of Congo's President Joseph Kabila has not yet signed into law a new mining code, a senior aide said on Tuesday, as international mining companies wage a last-ditch lobbying effort against the measure.The comments by Jean-Pierre Kambila, Kabila's deputy chief of staff, come amid uncertainty about whether the president intends to sign the new code, which raises taxes on miners,...Read More

BHP rebuffs Elliott as first-half profit hits three-year high

Feb. 20, 2018, 2:00 AM / Bloomberg News

BHP Billiton Ltd. rejected a new activist call for a corporate overhaul and joined rivals in boosting investor returns as first-half profit rose to a three-year high.The world's biggest miner raised interim dividend payments 38 percent to beat estimates as underlying earnings rose by 25 percent to $4.1 billion, according to a Tuesday statement.Higher commodity prices lifted the results, Chief Exec...Read More

Azincourt Energy (TSX-V: AAZ): Minerals for Clean Energy

Feb 20, 2018 / Nicholas LePan

'In order to produce half a million cars a year...we would basically need to absorb the entire world's lithium-ion production.' - Elon Musk"The skillsets that young people should learn about mining should apply to everything. We just need to do a better job of explaining to people in urban environments that the human activity of mining is absolutely fundamental to the way this planet is going to...Read More

Latin builds scale and fast track for lithium

20 FEBRUARY 2018 / Latin resources

The company has just secured the Condor concessions in the San Luis district, as it adds further scale to its portfolio which already contains the country's largest lithium hard rock pegmatite holding.Importantly, Latin is in discussions with the owners and operators of processing plants in the province to enable a spodumene circuit to be added to an existing plant.The acquisition, coupled with th...Read More

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