Copper Stock Articles

UK Stocks-Factors to watch on Nov 17

Nov 17, 2016 / Reuters

Nov 17 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 19 to 21 points higher, or up as much as 0.3 percent on Thursday, according to financial bookmakers.* The UK blue chip index ended down 0.6 percent on Wednesday after gaining in the previous two sessions, with companies such as jet engine maker Rolls-Royce RR.L and the country's biggest housebuilder Barratt BDEV.L slipping. ANGLO AM...Read More

GLOBAL MARKETS-Dollar hits 14-year high; oil falls in choppy trade

Nov 17, 2016 / Reuters

* Dollar index hits highest level since early 2003 (Updates prices, comments)By Rodrigo CamposNEW YORK, Nov 16 (Reuters) - The U.S. dollar index touched a near 14-year high on Wednesday, while oil prices fell in a volatile session as traders were caught between a build in U.S. stockpiles and the chance of an agreement in an output cut.Declines in bank stocks more than offset gains in the technolog...Read More

Anglo's Los Bronces copper mine in Chile seized by protesters

Nov. 16, 2016, 7:05 AM / Cecilia Jamasmie

About 100 hooded protesters have illegally entered Anglo American's Los Bronces copper mine in central Chile, seizing installations and setting up flaming barricades.The global miner blamed a group of contractors and "unidentified people" for the violent occupation of parts of the mine and the takeover of outbuildings and trucks."This situation creates a serious risk to the safety and physical in...Read More

Congo state miner 'strongly opposed' to Lundin's sale of stake in Tenke

Nov. 16, 2016, 6:35 AM / Cecilia Jamasmie

Gecamines, the Democratic Republic of Congo's state-owned copper producer, said on Wednesday it "strongly opposes" Lundin Mining's (TSX:LUN) decision to sell its 24% stake in the Tenke Fungurume mine to a Chinese private equity firm.Congo is one of the world's top copper producers, but foreign companies rather than Gecamines mine most of the industrial metal. The state-owned miner has long argued...Read More

Fleurette responds to Global Witness Congo royalties report

Nov. 16, 2016, 5:31 AM / Frik Els

Global Witness on Monday revealed that Gecamines, the state mining company of the Democratic Republic of Congo last year signed over royalty rights in the Kamoto Copper Company (KCC) owned and operated by Switzerland's Glencore to offshore company African Horizons which is linked to with Dan Gertler, Israeli financier who has extensive dealing in the DRC.The London-based human rights organization...Read More

GLOBAL MARKETS-Dollar hits 14-year high; oil dips in choppy trade

Nov 16, 2016 / Reuters

* Dollar index hits 14-year high, last little changed* Bond selling resumes after brief pause* Yield jump stops stocks in their tracks (Updates with U.S. open, changes comment, dateline from previous LONDON)By Rodrigo CamposNEW YORK, Nov 16 (Reuters) - The U.S. dollar index dipped after hitting a near 14-year high on Wednesday while oil prices swung in a volatile session as traders were caught bet...Read More

PRECIOUS-Gold dips as dollar ticks up, but finds support at $1,225/oz

Nov 16, 2016 / Reuters

* Gold slips as dollar index climbs to 11-month high* Holdings of no.1 gold ETF slip to lowest since June* Indian traders fear curbs on overseas purchases (Updates throughout, adds LONDON dateline)By Jan HarveyLONDON, Nov 16 (Reuters) - Gold eased on Wednesday in line with a firmer dollar, but found support around $1,225 an ounce as a sharp rally in cyclical assets like stocks and copper following...Read More

UPDATE 2-UK Stocks-Factors to watch on Nov 16

Nov 16, 2016 / Reuters

(Adds company news items, updates futures)Nov 16 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up around 1 percent on Wednesday, according to financial bookmakers, with futures FFIc1 up 0.09 percent ahead of the cash market open.* The UK blue chip index closed up 0.6 percent at 6,792.74 points on Tuesday, advancing for a second straight day with energy shares tracking a rally in crude...Read More

UK Stocks-Factors to watch on Nov 16

Nov 16, 2016 / Reuters

Nov 16 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up around 1 percent on Wednesday, according to financial bookmakers.* The UK blue chip index closed up 0.6 percent at 6,792.74 points on Tuesday, advancing for a second straight day with energy shares tracking a rally in crude oil while supermarket stocks gained after encouraging industry data. PRUDENTIAL: Insurer Prudential Plc P...Read More

GLOBAL MARKETS-Oil rallies on OPEC deal bets; tech, energy boost stocks

Nov 16, 2016 / Reuters

* Treasuries prices little changed, yields near recent highs* U.S. dollar holds recent gains, index hovers near 100* Oil gains near 6 percent, copper falls (Updates to U.S. market close)By Rodrigo CamposNEW YORK, Nov 15 (Reuters) - Oil prices jumped nearly 6 percent on Tuesday on bets OPEC members will agree to cut output when they meet later this month, while stocks rose, led by recently lagging...Read More

GLOBAL MARKETS-Oil rallies on output cut bets; tech, energy lead stocks up

Nov 16, 2016 / Reuters

* Treasuries prices dip as stocks rise; energy shares jump* U.S. dollar holds recent gains, index hovers near 100* Oil gains near 6 percent, copper falls (Updates prices, changes comment)By Rodrigo CamposNEW YORK, Nov 15 (Reuters) - Oil prices jumped nearly 6 percent on Tuesday on bets OPEC members will agree to cut output, while stocks edged higher, led by technology shares that had fallen recent...Read More

GLOBAL MARKETS-Oil rallies on output cut bets; U.S. yields, dollar steady

Nov 16, 2016 / Reuters

* Treasuries prices little changed, yields near recent highs* U.S. dollar holds recent gains, index hovers near 100* Oil gains near 5 percent, copper falls (Updates prices, changes comment)By Rodrigo CamposNEW YORK, Nov 15 (Reuters) - Oil prices jumped nearly 5 percent on Tuesday on bets OPEC members will agree to cut output while stocks edged higher, led by technology shares that had fallen recen...Read More

Seabridge Gold drilling supports expansion of deep Kerr Mine plan

Nov. 15, 2016, 5:19 AM / Seabridge Gold

Seabridge Gold (TSX:SEA) (NYSE:SA) today announced that results from the final three core holes drilled this year at Deep Kerr successfully filled in the gaps required to support a southern extension of the deposit. The five holes completed in 2016 are expected to expand the known resource about 500 meters along strike to the south at grades consistent with the deposit's inferred resource. The sha...Read More

Chinese tighten grip on Tenke mine as Lundin agrees to sell stake for $1.14bn

Nov. 15, 2016, 3:35 AM / Cecilia Jamasmie

After weeks of deliberation, Canada's Lundin Mining (TSX:LUN) said Tuesday it will sell its minority stake in the African copper mine Tenke Fungurume to a Chinese private-equity firm for $1.14 billion in cash.The deal is a result of the Toronto-based miner's review of strategic options for its interest in TF Holdings Ltd., the Bermuda holding company that indirectly owns an 80% interest in the m...Read More

Report: DRC signs over $880m royalties to president's friend

Nov. 15, 2016, 2:42 AM / Frik Els

Global Witness on Monday revealed that Gecamines, the state mining company of the Democratic Republic of Congo last year signed over royalty rights in the Kamoto Copper Company (KCC) owned and operated by Switzerland's Glencore to an offshore company belonging to a friend of the president.According to Global Witness, a London-based human rights organization, the 2.5% royalty stream that was owned...Read More

What happens now?

Nov. 15, 2016, 2:31 AM / Gwen Preston - Resource Maven

Wow.Firstly: how did pollsters get it so wrong?Second: what an interesting reaction.As we all saw, the markets threw a fit when it started to look like Trump was going to win. Gold gained as much as 5.5% to touch $1,337 per oz., US futures fell sharply (Dow Jones Industrial Average futures were down as much as 5% at one point), the US dollar lost 1.5% in a flash, and other safe havens like the Swi...Read More

GLOBAL MARKETS-Oil rallies on output bets; U.S. yields, dollar steady

Nov 15, 2016 / Reuters

* Treasuries prices little changed, yields near recent highs* U.S. dollar holds recent gains, index hovers near 100* Oil gains near 4 percent, copper falls (Adds U.S. open; changes comments, dateline from previous LONDON)By Rodrigo CamposNEW YORK, Nov 15 (Reuters) - Oil prices jumped nearly 4 percent on Tuesday on bets OPEC members will agree to cut output while stocks edged higher, led by technol...Read More

GLOBAL MARKETS-Dollar, copper retreat, bonds in favour as Trump rally pauses

Nov 15, 2016 / Reuters

* Graphic: sterling year-to-date http://tmsnrt.rs/2egbfVhBy Nigel StephensonLONDON, Nov 15 (Reuters) - The dollar pulled back from close to 14-year highs on Tuesday, euro zone government bond yields fell and the price of copper tumbled as traders cashed in gains from a rally fuelled by Donald Trump's victory in the U.S. presidential election.China's yuan CNY=CFXS , which like other Asian currencie...Read More

Gold rebounds after sliding to more than 5-month lows

Nov 15, 2016 / Investing.com

Investing.com - Gold futures rose in early Europe trading on Tuesday, snapping a five-session losing streak which took prices to the lowest level in more than five-months as the U.S. dollar pulled back from a one-year high.Gold for December delivery on the Comex division of the New York Mercantile Exchange tacked on $4.95, or 0.4%, to $1,226.55 a troy ounce by 2:55AM ET (07:55GMT), after falling t...Read More

UPDATE 1-UK Stocks-Factors to watch on Nov. 15

Nov 15, 2016 / Reuters

(Adds futures, company news items)Nov 15 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 24 to 33 points, or 0.5 percent on Tuesday, according to financial bookmakers, with futures FFIc1 up 0.31 percent ahead of the cash market open.* The UK blue chip index closed up 0.34 percent at 6,753.18 points on Monday following a rally in banking and mining stocks, although a slump in utilitie...Read More

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