Copper Stocks Articles

OK2 buys three mines in Scandinavia

Dec. 13, 2018, 7:07 AM / MINING.com Staff

OK2 Minerals (TSXV: OK) entered into an arms-length definitive agreement with EMX Royalty (TSXV: EMX) to acquire the past-producing Bleikvassli Cu-Zn-Ag-Pb-Au Mine, and the Sagvoll and Mer??ker Zn-Cu projects, all located in Norway, as well as the advanced-stage Bastutr??sk Zn-Cu-Au project in Sweden.In a press release, the Vancouver-based miner said that together with the acquisition, it will und...Read More

Workers at Codelco's iconic Chuquicamata mine down tools

Dec. 13, 2018, 3:54 AM / Cecilia Jamasmie

Three unions at Codelco's Chuquicamata mine downed tools late Wednesday and blocked access to the century-old operation, claiming that the Chilean copper miner has been violating agreements with workers and threatening union leaders.A spokeswoman for the company, the world's No. 1 copper producer, told MINING.com the mine was operating normally, adding that the blockage has not prevented workers f...Read More

Gold Stock Bulls Gore the Bears

Dec 13, 2018 / Stewart Thomson

Where are the populist government leaders who are cutting their outrageous government debts?The answer, unfortunately, is that they do not exist.Citizens riot in France over insane fuel taxes, central bankers resign in India, markets crash in America, and England's citizens watch their Brexit turn into an overpriced wet noodle.None of this fazes the world's populist leaders. They believe they alon...Read More

Mining diversification key as diamond fortunes wane

13 December 2018 / Staff reporter

Sustained investment in people a big plus for consultancySPONSOREDbyrnecutMahenge the Cinderella of the graphite space?SPONSOREDblack rock miningSky is the limit for BSK at Amarillo GrandeSPONSOREDblue sky uraniumNew Energy brings experience to new dawnSPONSOREDnew energy mineralsMining, oil and gas combined contributes 37% of the territory's gross domestic product, making the it the north's large...Read More

Power Ore buys former Falconbridge Opemiska complex

Dec. 12, 2018, 2:52 PM / Canadian Mining Journal Staff

Toronto-based Power Ore (CVE: PORE) plans to buy the Opemiska copper complex from Explorateurs-Innovateurs de Quebec(Ex-In), a privately owned company. The property - consisting of the historic Springer and Perry mines and the mill - was operated by Falconbridge from 1953 to 1991. The two mines yielded 23 million tonnes of ore grading 2.4% copper and 0.3 g/t gold.The Opemiska complex is adjace...Read More

Casa discovers new zone at Pitman in BC

Dec. 12, 2018, 1:27 PM / Northern Miner Staff

Casa Minerals (TSXV: CASA) has discovered a new zone at its Pitman gold project near Terrace, B.C., 1 km south of the Golden Dragon gold discovery it made earlier this year.Prospecting, rock and soil geochemical sampling graded as high as 231 grams per tonne silver, 2.83% copper and 6.15% zinc at the Dragon Tale zone over an area measuring 1.4 km by 0.7 km. The zone remains open in all directions....Read More

Canadian universities not keeping up with mining industry demands-report

Dec. 12, 2018, 12:17 PM / Business in Vancouver

A recent report on Canada's mining sector suggests that there may soon be a rebound in the industry, but it warns that a drop in the number of mining engineering graduates needs to be countered with educational reform to achieve sustainability.The Mining Industry Human Resources Council's (MiHR) annual Canadian Mining Labour Market Outlook 2019 notes declining enrollment in mining engineering p...Read More

Anti-mine stance eases in second-largest copper producer

Dec. 12, 2018, 10:48 AM / Bloomberg News

Voters in the world's second-largest producer of mined copper and zinc cast out some fierce opponents of giant mines, ushering in a change of guard that could potentially lure investments to some of Peru's most impoverished regions.Citizens in Cajamarca, the South American nation's poorest region, elected pro-investment candidate Mesias Guevara, ending the rule of an anti-mining movement that has...Read More

BHP calls off sale of Cerro Colorado copper mine as buyer backs out

Dec. 12, 2018, 7:55 AM / Cecilia Jamasmie

BHP, (ASX:BHP) the world's No.1 miner, won't sell its smallest Chilean copper operation this year after all, as would-be buyer EMR Capital Advisors Pty, an Australian private equity firm that invests in natural resources, failed to meet a financing deadline for the $230 million cash deal.The Melbourne-based mining giant had decided to offload Cerro Colorado mine in May last year, as part of ch...Read More

Is an Inverted Yield Curve Bullish for Gold?

Dec 12, 2018 / Jordan Roy-Byrne

In recent days we've seen the beginnings of an inversion in the yield curve.The 2-year yield and the 5-year yield have inverted but not yet the the 2-year yield and the 10-year yield, the curve that is watched most. However, "2s and 10s" as bond traders would say appear headed for an inversion very soon.We know that an inversion of the yield curve precedes a recession and bear market. That is good...Read More

Mark Cutifani gives positive outlook for the next three years at briefing

12 December 2018 / Staff reporter

PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedCEO Mark Cutifani told a briefing for investors and analysts Tuesday he was confident about the company's outlook, with Anglo's production expected to be 2% higher than the full-year 2018 guidan...Read More

Waterton lifts Hudbay stake to 10%

12 December 2018 / Henry Lazenby

Waterton bought 912,763 Hudbay common shares on the open market at C$6.4973 for a total investment of $5.93 million.It previously expressed opposition to Hudbay's commitment to any further mergers and acquisitions, saying the company had enough quality projects to create significant shareholder value.Waterton had requisitioned a special meeting of shareholders on October 23, to have sharehold...Read More

Investors can share the blame for over-egged junior failures

12 December 2018 / Staff reporter

Sustained investment in people a big plus for consultancySPONSOREDbyrnecutMahenge the Cinderella of the graphite space?SPONSOREDblack rock miningSky is the limit for BSK at Amarillo GrandeSPONSOREDblue sky uraniumNew Energy brings experience to new dawnSPONSOREDnew energy mineralsIt is that time of year again where we all put our brains on idle and suspend belief for a bit - and it is most relaxin...Read More

Zambia's chamber of mines sees 21,000 job cuts due to higher taxes

Dec. 11, 2018, 1:17 PM / Reuters

* Government plans higher taxes in January* Additional revenue to help bring down mounting debtLUSAKA - Mining companies in Zambia may lay off more than 21,000 workers due to reduced capital expenditure over the next three years if the government introduces higher taxes in January, an industry body said on Tuesday.Africa's No.2 copper producer plans to introduce new mining duties, replace Value Ad...Read More

Amarc to drill Joy copper-gold project in BC

Dec. 11, 2018, 12:53 PM / Northern Miner Staff

Amarc Resources (TSXV: AHR; US-OTC: AXREF) has identified five clusters of drill ready targets that cover areas ranging from 1.5 sq. km to more than 5 sq. km during 2018 exploration at its JOY copper-gold project in north-central B.C.'s Toodoggone region.Hudbay Minerals (TSX: HBM; NYSE: HBM) funded the $2.5 million exploration program. It also spent $1.15 million in 2018 to help Amarc acquire un...Read More

Newcrest expands footprint in Chile with two gold deals

Dec. 11, 2018, 9:58 AM / Cecilia Jamasmie

Australian gold miner Newcrest Mining (ASX:NMC) is betting big on Chile's geological gold potential by closing two deals with exploration juniors in the South American country, the world's top copper producer.The Melbourne-based company kicked off the week by signing an option agreement with Canada's Cornerstone Capital (TSX-V:CGP), which could result in the gold miner acquiring up to a 75% int...Read More

Botswana's Mowana copper mine suspends operations over working capital

Dec. 11, 2018, 9:09 AM / Reuters

GABORONE - Mowana Mine, Botswana's only operating copper mine, has suspended operations due to working capital constraints which has seen the company fail to pay salaries and suppliers, it said on Tuesday.Mowana had a conditional $4 million working capital facility from Fujax Minerals and Energy Limited, from which it had drawn down $1 million.Copper prices on the international market have been re...Read More

Rio Tinto's partner in Aussie copper project reports 'weak mineralization'

Dec. 11, 2018, 6:20 AM / Cecilia Jamasmie

Antipa Minerals (ASX:AZY), the company conducting exploration at a Western Australia-based copper project with partner Rio Tinto (ASX, LON, NYSE:RIO), said Tuesday it had so far failed to find any economically viable veins of ore at the asset.In an update Tuesday, the junior miner noted "weak mineralization" in the Folly target area that is part of the Citadel project, located in the Paterson pro...Read More

Anglo ending 2018 on high note, predicts higher output, lower costs

Dec. 11, 2018, 3:49 AM / Cecilia Jamasmie

Global miner Anglo American (LON:AAL) is ending 2018 on a high note, the company reported Tuesday. Anglo expects total production for the year to be 2% above of previous guidance, with costs decreasing by 5%."We are also confident about the outlook, with production expected to increase by 3% in 2019, with cost inflation fully absorbed by our productivity and cost improvements," chief executive M...Read More

Stock Selloff Boosting Gold

Dec 11, 2018 / Adam Hamilton

The recent stock-market selloff is persisting, fueling mounting worries among investors. The intensifying volatility and lack of a quick rebound higher is strangling euphoric sentiment, spawning self-reinforcing selling pressure. Scoffed at a few months ago, the notions that a young bear market is underway and a recession looms are gaining traction. The great beneficiary of this ominous stoc...Read More

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