Copper Stocks Articles

Make China drop export duties on copper and other minerals: US to WTO

Jul. 13, 2016, 9:47 PM / Andrew Topf

The Unites States is seeking the support of the World Trade Organization (WTO) in pressuring China to remove export duties on certain minerals that give it an unfair trade advantage.Saying that China agreed to remove duties ranging from 5% to 20% on antimony, cobalt, copper, graphite, lead, magnesia, talc, tantalum and tin when it joined the WTO 15 years ago, Washington filed a new WTO challenge...Read More

Rare plant species standing in the way of Idaho moly mine

Jul. 13, 2016, 9:04 PM / Andrew Topf

It's a familiar story for mine developers, when their projects overlay or sit near to sensitive ecosystems. Environmental groups state their intention to protect the animal or plant species at risk, sometimes taking legal action to oppose the project. Many times they are successful, especially with the strict regulatory framework found in the United States, where baseline studies are known to tak...Read More

Arizona court hands key legal victory to Hudbay's Rosemont copper project

Jul. 13, 2016, 8:29 AM / Cecilia Jamasmie

Canada's Hudbay Minerals' (TSX, NYSE:HBM) proposed Rosemont copper mine in Arizona scored a key legal victory this week after a Court of Appeals overturned Tuesday a 2015 ruling blocking its air quality permit.The appeals panel's decision, reports, eliminates one of three pivotal regulatory hurdles still blocking the $1.5 billion mine's go-ahead.While the project is now heading into w...Read More

Chinese Gov't official appointment to Teck Resources board raises questions

Jul. 13, 2016, 4:44 AM / Cecilia Jamasmie

The recent appointment of a Chinese government official to the board Teck Resources (TSX:TCK.A & TCK.B) (NYSE:TCK), Canada's largest diversified miner, has some worried about sovereignty issues in the country's resource sector.Canada has no regulations regarding members of foreign governments sitting on local companies' boards, but it does require at least 25% of the members to be Canadian citiz...Read More

Gold price rally helps producers climb world's top 25 mining companies list

Jul. 11, 2016, 7:54 AM / Cecilia Jamasmie

Gold has consolidated its post-Brexit gains this month and continues to be the best-performing commodity so far this year, filling the pockets of most producers of the precious metal, a new study shows.According to SNL Metals & Mining, gold-focused companies have climbed the most in the ranking of the world's top 25 mining companies by market capitalization from April to June this year, helped b...Read More

Imperial Metals sues engineering companies over Mount Polley disaster

Jul. 10, 2016, 2:26 PM / Andrew Topf

It was one of the worst environmental disasters in Canadian history, and now, the company behind the 2014 Mount Polley mine tailings breach is looking to make somebody pay.Imperial Metals (TSX:III) has filed a lawsuit for damages in the Supreme Court of British Columbia alleging negligence and breach of contract by Knight Piesold and AMEC (now Amec Foster Wheeler), two engineering firms in its e...Read More

BHP Billiton's Olympic Dam set to reach highest copper production in a decade

Jul. 8, 2016, 3:10 AM / Cecilia Jamasmie

World's largest miner BHP Billiton (ASX, NYSE:BHP) (LON:BLT) is getting close to finishing key heap leach testing trials to pave the way for a significant copper output increase at its Olympic Dam, Australia's biggest underground mine.While plans for a $30 billion redevelopment of the mine were shelved in 2012, promising results from current trials indicate copper output could increase 40% over t...Read More

Value of Chilean copper exports at financial-crisis lows

Jul. 7, 2016, 9:28 PM / Andrew Topf

New data shows the first six months of 2016 were tough for Chilean copper producers.According to the number one copper producing country's central bank, the value of Chile's copper exports fell 16.1% in the first half, compared to H1 2015, on par with the financial crisis of 2009. Chile exported $13.4 billion worth of copper in H1, including $6.356 billion worth of copper cathodes and $5.805 bill...Read More

First glimpse of potential Nullarbor treasures

Jul. 7, 2016, 12:33 PM / The Lead South Australia

SOME of the first geological images of one of the world's last unexplored mineral frontiers have glimpsed the mining potential of Australia's vast Nullarbor Plain.The images of the Earth's crust to a depth of 60 kilometres spanning a 484km stretch follow Australia's transcontinental rail line between Cook in South Australia to Haig in Western Australia.The new images, released this month, have ide...Read More

Copper's project pipeline thins as supply deficit looms

Jul. 6, 2016, 7:01 PM / Bloomberg

The $149-billion (U.S.) pipeline to expand the world's copper supply is running into trouble.Producers are counting on expansions and the development of new operations to meet supply shortages they forecast arriving toward the end of the decade.Read moreRead More

Chinese fund eyes Glencore gold mine in Kazakhstan

Jul. 6, 2016, 5:58 AM / Cecilia Jamasmie

China's state-backed Silk Road Fund, a $40 billion venture that invests along the nation's ancient trade routes with Central Asia, is said to be weighing a joint bid with China National Gold for Glencore' gold mine in Kazakhstan.According to sources familiar with the matter, quoted by Bloomberg, the group could pay up to $2 billion for the Vasilkovskoye mine, which is Glencore's largest gold opera...Read More

INFOGRAPHIC: Silver skyrockets post-Brexit, energy is back!

Jul. 5, 2016, 12:01 PM / Visual Capitalist

Courtesy of: Visual CapitalistBut it's not just precious metals that are back in vogue.Energy had an impressive comeback in Q2, with natural gas and oil being the best performing commodities of the quarter. Base metals were up, and even the TSX Venture, a Canadian index tracking many of the world's junior mining and energy stocks, was the best performing benchmark. This is meaningful, because it w...Read More

BHP greenlights expansion at Escondida copper mine in Chile

Jul. 5, 2016, 10:42 AM / Cecilia Jamasmie

BHP Billiton (ASX:BHP), the world's biggest mining company, has committed to spend just less than $200 million to get more copper out of its 57.5%-owned Escondida operation in Chile, the world's largest copper-producing mine.The expansion of the Los Colorados concentrator will help offset declining grades at the mine and add incremental copper production to reach an average production of 1.2 mill...Read More

Illegal gold trade in Congo still benefiting armed groups, foreign companies

Jul. 5, 2016, 4:00 AM / Cecilia Jamasmie

International regulations have failed to prevent foreign firms and armed groups from profiting from illegal gold mining in mineral-rich eastern Democratic Republic of Congo, a new report by Global Witness shows.Illegally acquired and exported gold from the mineral-rich eastern Congo keeps filling the pockets of some foreign companies as well as armed groups.According to the UK-based organization,...Read More

Rio Tinto sells its Blair Athol coal mine for less than a bus ticket

Jul. 4, 2016, 3:58 AM / Cecilia Jamasmie

Rio Tinto (ASX, LON:RIO) is selling its interest in Blair Athol coal mine to a small Australian miner for just US$0.75 (A$1), as part of the world's second largest miner's strategy to offload unprofitable assets and focus mostly on copper, a plan being carried out by the firm's brand-new CEO, Jean-S?(C)bastien Jacques.Buyer TerraCom (ASX: TER) said that as part of the deal it would also receive...Read More

Global mining equipment market to reach $156 billion by 2022 - report

Jul. 4, 2016, 12:30 AM / Editor

The global mining equipment market is expected to garner $156 billion by 2022, increasing at a compound annual growth rate (CAGR) of 7.9% during 2016 - 2022, a new report published by Allied Market Research shows.According to the study, titled "World Mining Equipment Market - Opportunities and Forecasts, 2015 - 2022", the Asia-Pacific region accounted for the highest revenue of over $50 billion...Read More

World's largest copper mine output, profit plummeted in Q1

Jul. 1, 2016, 3:44 AM / Cecilia Jamasmie

Output at Chile's Escondida, the world's largest copper mine, fell in the first three months of 2016 causing profits to sink 47% to $265 million compared to the same period last year, among weak prices for the industrial metal.The mine, co-owned by BHP Billiton (57.5%) and rival Rio Tinto (30%), produced 265,597 tonnes in the period, or 23% less than the 347.125 tonnes it generated in Q1 2015, C...Read More

Rio Tinto exits PNG, gives away copper-gold mine with $51bn in reserves

Jul. 1, 2016, 12:10 AM / Cecilia Jamasmie

Mining giant Rio Tinto (LON, ASX:RIO) has given away a 54% stake in a Papua New Guinean copper and gold mine, which has reserves estimated to be worth $51 billion.The decision to hand back the shares in its subsidiary Bougainville Copper Limited (ASX:BOC) to an independent trustee, follows a company review of the asset that was triggered by the Bouganville government's pressure to restart mining...Read More

Newmont selling Indonesian unit for $1.3 billion

Jun. 30, 2016, 3:48 AM / Cecilia Jamasmie

Newmont Mining (NYSE:NEM) said Thursday is selling its 48.5% stake in PT Newmont Nusa Tenggara, the operator of its Batu Hijau copper and gold mine in Indonesia, for $1.3 billion to PT Amman Mineral Internasional.The amount, said the Denver-based miner, is comprised of cash proceeds of $920 million expected to be paid at closing and contingent payments of up to $403 million.Newmont has been see...Read More

Cautiously optimistic about nickel price

Jun. 29, 2016, 11:33 AM / Frik Els

Base metals have enjoyed a solid 2016 so far with only lead (-3%) in negative territory for the year. While the likes of zinc (+28%) and tin (+16%) have rallied and steelmaking raw materials iron ore (+24%) and coking coal (+12%) have come back strongly, nickel remains stuck in the doldrums.On the LME nickel jumped back above $9,000 on Wednesday, but hasn't been in five-digit territory for near...Read More

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