Copper Stocks Articles

Nautilus takes delivery of Seafloor Production Tools

Feb. 1, 2016, 8:21 AM / Nautilus Minerals Inc.

Toronto Ontario, Feb 1, 2016 - Nautilus Minerals Inc. (TSX:NUS, OTCQX:NUSMF, OTC:NUSMF Nasdaq Intl Designation) (the "Company" or "Nautilus") announces that the Solwara 1 Joint Venture (comprising Nautilus 85% and Eda Kopa (Solwara) Limited 15%) has taken delivery of the three Seafloor Production Tools ("SPTs") from Soil Machine Dynamics Limited's ("SMD") facility in Newcastle upon Tyne.The three...Read More

Anglo American may fully exit Brazil - report

Feb. 1, 2016, 5:55 AM / Cecilia Jamasmie

Beleaguered Anglo American (LON:ALL) is said to be planning a complete exit from Brazil, where the company has already put its $1 billion niobium and phosphate business up for sale.First-round bids for those assets are due on Feb. 15, date that - reports local newspaper O'Globo (in Portuguese) - may bring some major surprises. According to veteran columnist Angelmo Gois, Anglo is also seeking to s...Read More

INFOGRAPHIC: The largest company in each state by revenue

Feb. 1, 2016, 1:20 AM / Visual Capitalist

Courtesy of: Visual CapitalistClick here for a larger version of this infographic.In the past, we've published visuals of the biggest public companies in each U.S. state, as well as the largest oil and gas companies in the world.Today's post, however, shows the largest companies by revenue in each U.S. State. (Note: the graphic says 2015 revenue, but we believe it meant to say 2014 revenue as many...Read More

THEnergy review of the Energy and Mines Summit in London

Feb. 1, 2016, 12:25 AM / THEnergy - Dr. Thomas Hillig Energy Consulting

Dr. Thomas Hillig, CEO of THEnergy, participated in and presented at the Energy and Mines Summit that took place in London on January 28 and 29, 2016. More than 200 delegates from the mining, renewable energy and finance sectors attended this event. THEnergy is a German-based consulting company specializing in renewable energy solutions for the mining industry, and it tries to bridge the gap betwe...Read More

Explorer Aston Bay signs $40-million preliminary deal with BHP on copper asset

Jan. 31, 2016, 2:30 PM / CEO.CA

Tiny Aston Bay Holdings (BAY-V), a junior with a copper-zinc project in Nunavut, seized the market's attention today by announcing a preliminary joint-venture deal with the world's largest mining company.According to the exclusive letter of intent, BHP Billiton would pay a minimum of $40 million in exploration expenditures over 9 years - including $2.5 million within 2 years of signing a final d...Read More

Teck Metals to plead guilty over pollution in Trail, B.C.

Jan. 29, 2016, 12:25 PM / Globe and Mail

Teck Metals Ltd. is expected to be hit with substantial fines after the company admits in court next week to causing pollution in Trail, in southeast B.C.The provincial court registry shows Teck, which operates the largest lead-zinc smelter in the world in the small town on the banks of the Columbia River, intends to plead guilty Monday to 15 charges.The charges, which follow an investigation by E...Read More

Caterpillar sees no signs of mining improvement

Jan. 28, 2016, 1:43 PM / Frik Els

With sales and operations at the ends of the earth, few companies are in a better position to take the pulse of the global economy and the resource sector in particular than Caterpillar.The world's number one heavy equipment manufacturer has been hit hard by the decline in mining and construction - sales are down more than $20 billion from its peak just four years ago after a drop of over $8 billi...Read More

Anglo American shares rally on iron ore output hike, cost-cutting measures

Jan. 28, 2016, 5:10 AM / Cecilia Jamasmie

Anglo will scale back operations and cut costs at its flagship Sishen mine (pictured), which is Africa's largest iron ore operation. (Image courtesy of Anglo American)Shares in besieged Anglo American (LON:AAL) soared Thursday after the miner reported increased production and revealed plans to keep lowering costs at its iron ore mines in South Africa and Brazil, which include laying-off about 4,00...Read More

Barrick Gold Corp is back on top as Canada's best-performing stock and the world's most valuable gold company

Jan. 28, 2016, 4:50 AM / Financial Post

Barrick Gold Corp. has surged to become Canada's best-performing stock as a two-month rally in the precious metal gives added lift to the company's turnaround efforts.Barrick's shares are up 29 per cent this year in Toronto, making it the best-performing stock on the Standard & Poor's/TSX Composite Index. It's also overtaken its two biggest competitors, Goldcorp Inc. and Newmont Mining Corp., in m...Read More

Indonesia, Freeport fail to reach deal over copper export permit

Jan. 28, 2016, 3:24 AM / Reuters

Indonesia's government and Freeport McMoRan Inc on Thursday failed to reach a deal on extending the U.S. mining giant's six-month export permit, potentially halting shipments from the country's massive Grasberg copper and gold mine.An export stoppage would deal a blow to Freeport's profits and deny the Indonesian government desperately needed revenue from one of its biggest taxpayers. It could als...Read More

CHARTS: Chinese supercycle can't be repeated

Jan. 27, 2016, 4:29 PM / Frik Els

In its 2016 Commodity Outlook published yesterday, the World Bank pays special attention to the impact of weak growth in emerging economies on commodity markets.The answer, unsurprisingly, is that a faster-than-expected slowdown in Brazil, Russia, India and China - especially if combined with financial stress - "could reduce commodity prices considerably" even after three years of sharp declines...Read More

Antofagasta to lift copper output in 2016 after missing last year's target

Jan. 27, 2016, 5:01 AM / Cecilia Jamasmie

Los Pelambres remains Antofagasta's flagship mine, producing over 55% of the total group output. (Image courtesy of Antofagasta)Chile's Antofagasta (LON:ANTO) said Wednesday it plans to boost copper production in 2016 by as much as 17% after it missed its output target for last year.The mining group, property of the Luksic family -one of Chile's richest- said it produced 630,300 metric tons of th...Read More

Current mining downturn not a normal' one - Moody's

Jan. 27, 2016, 3:50 AM / Cecilia Jamasmie

Ministro Hales copper mine in Chile. (Image courtesy of Codelco via Flickr)The continued rout in commodity prices that has severely hit the mining industry in the past year can't be considered a "normal" cyclical downturn, but rather, an unprecedented one, says Moody's in a new report released this week.The ratings agency, which recently placed 175 energy and mining firms at risk of downgrades, sa...Read More

One more reason you don't want to mine nickel

Jan. 26, 2016, 1:06 PM / Frik Els

Slag tapping at Glencore's Sudbury Nickel Smelter. Image: GlencoreNickel was the worst performer in a pretty sorry commodities field in 2015. The steelmaking ingredient lost just shy of 42% of its value last year.What makes nickel's dismal year even more disappointing is that following Indonesia's ore ban at the outset of 2014, the stars seemed to align for the metal and analysts rushed to its de...Read More

Freeport-McMoRan reports 4Q loss on metals, oil slump

Jan. 26, 2016, 7:06 AM / Cecilia Jamasmie

Freeport McMoRan's Grasberg is the world's largest gold mine and third largest copper operation. (Image from archives)Shares in Freeport-McMoRan (NYSE:FCX) rallied Tuesday morning even though the diversified US miner and oil producer reported a fourth-quarter loss bigger than the one logged in 2014.The stock was up more than 3% to $4.07 at 10:45 am ET, but it has dropped almost 40% since the star...Read More

Calcined bauxite poised for proppants recovery

Jan. 26, 2016, 1:14 AM / Roskill Information Services

The ceramic proppants sector is forecast to become the largest market for non-metallurgical bauxite by 2021, overtaking the refractories industry. Consumption of bauxite in refractories, both directly and via brown fused alumina, accounted for more than 20% of the total non-metallurgical bauxite market in 2015.Demand for calcined bauxite in production of ceramic proppants is expected to grow by mo...Read More

CHART: Stop panicking about Chinese growth

Jan. 25, 2016, 2:58 PM / Frik Els

Fears of a hard landing in China have investors seeing redChinese leaders in October outlined the direction of the world's second largest economy over the next five years.The country's 13th five-year plan running from 2016 - 2020 calls for "medium-high economic growth" and doubles-down on a long-stated commitment to "double 2010 GDP by 2020".The 2020 GDP goal would require annual growth rates of 6...Read More

Hedge funds in major commodities rethink

Jan. 25, 2016, 1:26 PM / Frik Els

Pushing bullish bets up a few barsWith weakness returning to equities and oil on Monday, gold futures trading in New York attracted brisk buying from investors eager for alternatives amid all the market turmoil.In afternoon trade gold for delivery in February, the most active contract, was exchanging hands for $1,106.60 an ounce, up more than $10 compared to Friday's close. Thanks to safe haven...Read More

Iran goes beyond oil - to sign $5.4bn in mining deals with Italy, France

Jan. 25, 2016, 11:51 AM / Cecilia Jamasmie

Sarcheshmeh copper complex, operated by the National Iranian Copper Industries. (Image courtesy of NICICO)Iran's full-re-entry into the world energy market upon the lifting of sanctions has hurt oil prices further, sending them below the psychologically significant $30-a-barrel level last week.The question in everyone's mind now is how Iran's incursion into the mining industry will affect an al...Read More

Eldorado Gold to book up to $1.6 billion charge after halting work in Greece

Jan. 25, 2016, 3:55 AM / Cecilia Jamasmie

Construction of a concrete batching plant at Skouries mine. (Image courtesy of Eldorado Gold)Canada's Eldorado Gold (TSX: ELD) (NYSE:EGO) said Monday it expects to write down the value of its assets in Greece by US$1.2 billion-US$1.6 billion, after it halted majority of its operations at one of its four projects in the European country.The Vancouver-based company has been at odds with the Greek go...Read More

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