Copper Stock Articles

Anglo American shares close at lowest in 16 years on HSBC note

Nov. 25, 2015, 10:30 AM / Cecilia Jamasmie

Anglo American sold the Mantos Blancos copper mine in Chile (pictured) earlier this year.Shares in Anglo American (LON:AAL), the second-worst performer in the FTSE 100 after Glencore this year, plummeted Wednesday, after HSBC downgraded it to 'reduce' from 'hold' and highlighted the miner's precarious cash flow situation may force it to cancel its dividend.The diversified miner's stock closed down...Read More

Goldcorp, Teck combine projects, create new $3.5 billion mine in Chile

Nov. 25, 2015, 4:33 AM / Cecilia Jamasmie

El Morro and Relincho projects are located approximately 40 km apart in Chile's Atacama region. (Image from archives)Canadian mining giants Goldcorp (TSX:G), (NYSE:GG) and Teck Resources (TSX:TCK.A & TCK.B) (NYSE:TCK) have finished combining their respective El Morro and Relincho projects in Chile.The projects, located approximately 40 kilometres apart in Chile's copper-rich Atacama region, are...Read More

Copper price: Lower for longer

Nov. 24, 2015, 11:50 PM / Frik Els

Study shows copper price fall matches previous down-cycles going back to 1975, but expect a long painful slog before a sustained recoveryIt's been a brutal November for copper which despite a nice bump on Tuesday is down more than 10% during the month.In New York on Tuesday copper gained 2.5% to $2.06 a pound after coming dangerously close to dropping through $2.00 on Monday, the lowest since Mar...Read More

Illegally mined gold from Colombia sold in the US - report

Nov. 24, 2015, 8:05 AM / Cecilia Jamasmie

Illegal mine in Colombia's Choco province. (Image from archives)A sudden boom in illegal gold mining in Colombia is fuelling human trafficking and forced labour in and around mines loosely connected to paramilitary groups, drug traffickers and leftist guerrillas, according to Aljazeera.In an in-depth report, the news outlet reveals that small-scale miners are being forced out at gunpoint or extort...Read More

Most copper producers in Chile barely breaking even - mining group

Nov. 24, 2015, 3:53 AM / Cecilia Jamasmie

Chile's Escondida, the world's largest copper-producing mine. (Image courtesy of BHP Billiton)More than 18,600 km from Beijing, in copper-rich northern Chile, beleaguered miners are barely coping with the impact of China's economic slowdown.The situation is worse than many think, according to the country's mining industry group Consejo Regional Minero de Coquimbo (Corminco), which represents some...Read More

INFOGRAPHIC: Mining is a crucial industry for Manitoba

Nov. 24, 2015, 2:36 AM / Visual Capitalist

What percent of Canada's minerals are produced in Manitoba? How much mineral potential does the province have?Learn about this, as well as mining's contributions to Manitoba in wealth and safety.Courtesy of: Visual CapitalistPresented by: Mining Association of ManitobaMining in Manitoba had humble beginnings. Settlers of the province needed non-metallic raw materials, and began to extract salt fro...Read More

Hedge funds have never been this bearish on commodities

Nov. 23, 2015, 12:12 PM / Frik Els

Large scale futures investors like hedge funds or so-called managed money have entered an unprecedented bearish position towards commodities markets.According to the Commodity Futures Trading Commission's weekly Commitment of Traders data, five weeks of selling has seen 13 of the 24 commodities tracked pushed into net short positions.Those include the major commodities like crude oil, gasoline, go...Read More

Peru: Application of prior consultation law risks mining project delays

Nov. 23, 2015, 10:07 AM / Verisk Maplecroft

The expansion of the definition of indigenous communities' benefited Quechua-speaking highland groups.A recent decision by Peru's government to require mining companies to carry out prior consultation with indigenous communities is set to further complicate the investment climate at a time when the sector is struggling as a result of low prices and a slowdown in investment. On 12 November, Deputy...Read More

Anglo American Utilizing Immersive Technologies' Managed Services to Improve Performance at Los Bronces Mine

Nov. 23, 2015, 8:42 AM / Immersive Technologies

Immersive Technologies has been providing analytics and reporting to identify operator training needs tied directly to Los Bronces site objectives. This in turn provided focus for simulator based training activities which precisely targeted and closed performance gaps. The site has had early reports of 25% reduction in body up ground speeds, 60% reduction in overspeeds and 62% reduction in service...Read More

RAB's Philip Richards: Why a gradual bull market in metals is on its way

Nov. 23, 2015, 4:04 AM / The Gold Report

After five trying years, RAB Capital Founder and President Philip Richards sees the light at the end of the tunnel. In this interview with The Gold Report, he argues that a continued zero-interest-rate policy from the Fed will be good for gold and silver, while continued quantitative easing will be good for base metals. Many fine mining companies now trade at deep discounts relative to their NPVs,...Read More

Dr Copper, the economy and the stock market no longer in sync

Nov. 23, 2015, 2:18 AM / Tactical Investor

Doctor copper, can no longer be viewed as a leading indicator, in fact, a name change might be in order. A change of name from Dr Copper to deadbeat copper might in order, given its dismal record over the years. After the financial crisis of 2008-2009, the economy, the stock markets and copper parted ways; while the markets and the economy trended higher, copper plunged into an abyss, and it is...Read More

Newmont's Indonesian copper exports to restart

Nov. 20, 2015, 12:10 PM / Frik Els

Aerial view of the Batu Hijau copper and gold mine.Newmont Mining Corp (NYSE:NEM) were barred from exporting copper and gold concentrate from its operations in Indonesia in September, but the company is now free to resume exports again.The export licence forDenver-based Newmont's local unit, PT Newmont Nusa Tenggara, was suspended because the company failed to meet government stipulations for d...Read More

Commodity prices have not bottomed yet - Goldman Sachs

Nov. 20, 2015, 9:01 AM / Cecilia Jamasmie

Image from archives.While commodities are mired in the worst slump in a generation and all the market wants to hear is that the worst is already over, Goldman Sachs (NYSE:GS) warns prices may fall even further.Unless demand picks up or more miners cut output, prices for raw materials are set to stay low for years, or worse, continue to drop, it said in a note on Thursday, reports (subs. req...Read More

Vale to end Manitoba nickel refining in 2018

Nov. 19, 2015, 2:47 PM / Frik Els

Brazil's Vale (NYSE:VALE) on Thursday announced it will shutter its nickel smelting and refining operations in Canada's Manitoba province in 2018.The operations were originally set to end this year, but the government stepped in to extend work for at least another three years reports Reuters.Mining and milling at the Thompson mine will continue and the Rio de Janeiro-based company said it will fin...Read More

A brutal year for mine financing explained in just one chart

Nov. 19, 2015, 1:29 PM / Michael Allan McCrae

Chart by Preqin.Year to date the mining sector has raised a miserable $400 million down from a high of $4.6 billion just three year ago, according to data compiled by Preqin released today.The research firm looked at private equity-style funds targeting assets in energy (including oil and gas); agriculture and farmland; metals and mining; and timberland and water.The decline in mine financing fro...Read More

Chinese commodity trade barometer at record low

Nov. 19, 2015, 12:25 PM / Frik Els

The once obscure 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.With China's emergence as the dominant trading economy in the world the index became one of the go-to barometers.China now controls the global trade in...Read More

Caterpillar sales down again, almost three straight years

Nov. 19, 2015, 10:16 AM / Cecilia Jamasmie

The biggest declines in sales were in construction in Latin America (-41%) and in the resources industry in Asia (-37%).Caterpillar (NYSE:CAT), the world's No.1 heavy machinery maker, put another nail in the mining industry's coffin after reporting that its sales declined again in October, marking the 35th straight month of sustained drops.The Peoria-based firm's performance is often seen as a gau...Read More

Indonesia probing allegations of extortion to Freeport-McMoRan by senior officials

Nov. 19, 2015, 6:15 AM / Cecilia Jamasmie

Freeport McMoRan Copper and Gold's Grasberg mine is the world's largest gold mine and third largest copper mine.Indonesia has began investigating claims that senior officials demanded to be granted a 20% stake in Freeport-McMoRan Indonesia in return for an extension of the parent company's rights to operate in the country.According to Jakarta Globe, the minister of energy and mineral resources, S...Read More

Michael Curran goes down-market shopping for winners

Nov. 19, 2015, 2:20 AM / The Gold Report

Most of the low-cost gold producers are fairly valued, says Michael Curran, managing director and mining analyst with Beacon Securities, so he's heading down-market to the advanced development opportunities and early-stage explorers that he thinks could become low-cost producers. Sure there is risk, as Curran explains in this interview with The Gold Report, but the reward could come via either a t...Read More

Top 15 copper mines worth $103bn less than a week ago

Nov. 18, 2015, 4:56 PM / Frik Els

ChuquicamataIt's been a brutal November on copper markets with a only one up day of trading since the start of the month. Just over the last week the price has fallen more than 7%.In New York on Wednesday the copper price dropped to a low of $2.0670 or $4,560 a tonne, the lowest since March 2009 and down 27% so far this year.Copper traded below today's level for seven months at the height of the g...Read More

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