Copper Stocks Articles

Government throws lifeline to BC mines

Feb. 10, 2016, 12:23 AM / Business In Vancouver - Nelson Bennett

The B.C. government is throwing the mining industry an emergency lifeline in the form of deferred electricity bill payments that could be worth more than $300 million.Several metallurgical coal mines have closed in B.C. in the last couple of years, due to a prolonged commodity price plunge, and B.C.'s biggest mining company, Teck Resources (TSX:TCK.B) has taken to rotating shutdowns at those that...Read More

Imperial Metals to shut its Huckleberry copper mine in BC

Feb. 9, 2016, 12:30 AM / Business In Vancouver - Nelson Bennett

A lifeline being tossed to B.C. mines may not be enough to prevent the closure of the Huckleberry open-pit copper mine near Houston, B.C.Imperial Metals (TSX:III) has put employees at its Huckleberry mine on notice that the mine will shut down in August.The announcement follows on an earlier announcement in January that the open-pit mine would reduce its 260-person workforce by 100.Imperial said t...Read More

INFOGRAPHIC: Investing in the rise of the new spending class

Feb. 9, 2016, 12:12 AM / Visual Capitalist

Courtesy of: Visual CapitalistIt's no secret that the world has been a little down on China.The world's most populous country has been the primary engine of economic growth for decades, but recently investor optimism around China has diminished significantly. With a sliding manufacturing sector and lower GDP growth, most mainstream pundits have shifted focus to whether the country will have a "sof...Read More

Leakage at Anglo American's Los Bronces mine forces firm to halt grinding

Feb. 8, 2016, 10:50 AM / Cecilia Jamasmie

Grinding at Anglo American's (LON:AAL) Los Bronces copper mine in Chile has been halted after the firm detected a leak in a pipe carrying ground ore mixed with water on Sunday evening.According to local newspaper La Tercera (in Spanish), the discharge was noticed on farmland outside the capital Santiago during a routine inspection of the pipe, which connects Anglo's flagship mine with the Las Tort...Read More

It's time to buy mining stocks, says Ross Beaty

Feb. 7, 2016, 12:40 PM / The Northern Miner

Mining financier and entrepreneur Ross Beaty told an audience at the Vancouver Resource Investment Conference in late January that it's a "phenomenal" time to buy resource stocks."The tide is way out and it's a buyer's market everywhere across the board from oil, mining, currencies, and real estate," Beaty said. "Every so often cycles get to the point where they're at today and it's just hard to l...Read More

Government throws lifeline to B.C. mines

Feb. 7, 2016, 12:17 PM / Business in Vancouver

The B.C. government is throwing the mining industry an emergency lifeline in the form of deferred electricity bill payments that could be worth more than $300 million.Several metallurgical coal mines have closed in B.C. in the last couple of years, due to a prolonged commodity price plunge, and B.C.'s biggest mining company, Teck Resources (TSX:TCK.B) has taken to rotating shutdowns at those that...Read More

European consortium launches Blue Nodules project

Feb. 5, 2016, 9:09 AM / Blue Nodules

On 1 February a European consortium launched a new Horizon 2020 project: Blue Nodules. This project addresses the challenge of creating a viable and sustainable value chain to retrieve polymetallic nodules from the ocean floor. It will develop and test new highly-automated and sustainable technologies for deep-sea mining with minimal environmental pressures.The technical side of the...Read More

Milbank awarded for Oyu Tolgoi mining deal representation

Feb. 5, 2016, 9:04 AM / Milbank, Tweed, Hadley & McCloy LLP

LONDON/NEW YORK/ASIA, 5 February, 2016 - Milbank, Tweed, Hadley & McCloy LLP's Global Project Finance group has been recognized by Project Finance International (PFI) for five separate transactions at the PFI Awards Dinner held in London on Feb. 3. The awards dinner gathered the most senior and successful market professionals to celebrate industry excellence.The firm acted as counsel in the fo...Read More

Mining among unhappiest industries to work in - study

Feb. 5, 2016, 8:11 AM / Cecilia Jamasmie

Energy, mining, and utilities workers across the world are the least happy in their jobs, a new study published this week shows.TinyPulse, an HR service that attempts to prevent employees burnout, looked at over 500,000 survey responses from over 60,000 employees in 13 different industries worldwide.According to the results, the top three happiest industries last year were Consumer Products & Serv...Read More

UK scientists develop new method to find copper deposits

Feb. 5, 2016, 3:28 AM / Cecilia Jamasmie

English researchers at the University of Exeter have developed a new, inexpensive method to uncover copper deposits.Dr Ben Williamson, of the university's Camborne School of Mines, and Dr Richard Herrington from the London Natural History Museum, worked together to develop the new technique, which they say could become a very cost-effective way of discovering porphyry-type copper deposits.These ki...Read More

Happy day for miners: shares up by levels not seen since 2008

Feb. 4, 2016, 8:48 AM / Cecilia Jamasmie

Mining stocks were soaring Thursday following a disappointing report on US services sector growth released Wednesday and comments from a top Federal Reserve official suggesting concern over rising economic risks.As the US dollar continued to sink, investors turned to assets considered more stable, such as gold and other metals, which boosted stocks across the mining sector.One of the biggest winne...Read More

Centerra can go ahead with new gold mine in Mongolia

Feb. 4, 2016, 5:01 AM / Cecilia Jamasmie

Canadian miner Centerra Gold (TSX:CG) can finally proceed with plans for developing its 1.6-million ounce Gatsuurt gold deposit near its Boroo Mine, Mongolia's parliament ruled Thursday.The decision, which comes after five years of negotiations, grants Centerra a 66% ownership in the project, with the government of Mongolia holding the remaining 34% of equity.The approval also follows an agreeme...Read More

The sub-mine crisis of 2016

Feb. 4, 2016, 12:36 AM / Robert Milbourne - K and L Gates

From its peak in 2011 to the beginning of 2016, the global mining sector has gone through a wrenching 90% reduction in global market capitalization, wiping out an estimated US$1.5 trillion. Following the sub-prime mortgage crisis, the International Monetary Fund estimated that financial institutions around the world ultimately lost US$1.5 trillion directly or indirectly from their holdings of subp...Read More

India mulls key investment to set iron ore plants in Iran

Feb. 3, 2016, 8:25 AM / Cecilia Jamasmie

State-owned Indian firm KIOCL may invest an initial $59 million to build an iron ore pellet complex in Iran, with the objective of offering cheaper supplies of the processed material to Iranian steel mills.The company is also negotiating the sale of more than 2 million tonnes of seaborne to the Gulf country now free from trade sanctions, Reuters reports.Iran is said to have more than $10 billion...Read More

PDAC recommends measures to support Canadian mineral exploration in pre-budget submission

Feb. 3, 2016, 7:57 AM / PDAC

In its pre-budget submission to the Government of Canada, the Prospectors & Developers Association of Canada (PDAC) outlines its priorities for Federal Budget 2016 to support Canada's mineral exploration and development sector. The PDAC recommends the Government take action to improve the flow of capital to the junior exploration sector, and address the infrastructure deficit in northern and remot...Read More

Chile's court confirms 2nd highest fine in history for Caserones mine

Feb. 3, 2016, 4:18 AM / Cecilia Jamasmie

Caserones, a copper mine in northern Chile property of Japan's top smelter, JX Nippon Mining & Metals, will have to pay $10.8 million for breaching conservational rules, an environmental court has ruled (in Spanish).The fine, the second-highest the country's environmental authority -SMA- has ever imposed, was set in March last year, after the regulator found a number of infractions at the mine. T...Read More

Anglo American risks eviction from FTSE 100

Feb. 2, 2016, 1:40 AM / Reuters

Anglo American's shrinking market value could eject the global miner from London's blue-chip equity index at the next reshuffle in March, potentially triggering a broader sell-off.Plunging commodity prices last year shrank Anglo's market capitalisation to $5.6 billion (3.9 billion pounds) as its shares fell 76 percent to record lows in 2015, making it the worst performer in the benchmark FTSE 100...Read More

Canadian prospectors holding on to long-term resources demand forecast

Feb. 2, 2016, 1:17 AM / Business in Vancouver

Prospectors are an optimistic bunch. But that optimism is being severely tested in a global economy that's dragging down commodities and Canadian mineral prices, Carl Schulze of All-Terrane Mineral Exploration Services said January 25 at the Mineral Exploration Roundup at Canada Place.Schulze, a geoscientist based in Whitehorse, Yukon, helps mining firms find gold and other metals and minerals acr...Read More

Sibanye Gold shopping for new mines, possibly including base metals

Feb. 1, 2016, 2:55 PM / Cecilia Jamasmie

South Africa's Sibanye Gold (JSE:SGL) (NYSE:SBGL) is actively considering acquisitions as the miner seeks to take advantage of its strong current position and the weakness of most competitors.The company's shares have performed exceptionally so far this year. They are up 55% in Johannesburg and 46% in New York, after hitting a record intraday high on Jan. 28, helped in part by a weak rand that has...Read More

Canada's Royal Nickel turns producer with two acquisitions

Feb. 1, 2016, 2:35 PM / Reuters

Canada's Royal Nickel Corp RNX.TO, capitalizing on discount asset prices as commodity markets swoon, announced two cash and stock acquisitions on Monday that transform the mine developer into a cash-generating nickel, copper and gold producer.Royal Nickel Chief Executive Mark Selby said the company will acquire a 67 percent stake in Australia's privately-held Salt Lake Mining Pty, in a deal worth...Read More

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