Copper Stocks Articles

Kinross eyes expansions at its new gold mines in Nevada

Jun. 29, 2016, 8:59 AM / Cecilia Jamasmie

Canada's Kinross (TSX:G) (NYSE:KGC), the world's fifth largest gold producer, believes it can increase reserves at its Bald Mountain and Round Mountain mines, which it acquired from Barrick Gold (TSX, NYSE:ABX) late last year.The company, which is looking to strengthen its portfolio in North America, has increased its exploration budget for the year by 50% to $9 million as "promising results" at...Read More

Latin America the world's most dangerous place for environmental activists

Jun. 29, 2016, 6:00 AM / Cecilia Jamasmie

More environmentalists were murdered in Latin America in 2015 than anywhere else in the world, with anti-mining causes costing the most lives, a report by Global Witness shows.According to the UK-based organization, which campaigns against natural resource-related conflict and corruption, the region recorded the highest number of conservationist murders -122 out of a total of 185.Brazil took the l...Read More

Mining veteran takes helm for Tintina's home stretch

Jun. 28, 2016, 3:52 PM / CEO.CA

He's only been on the job as Tintina Resources CEO for two weeks, but John Shanahan brings a wealth of experience in Montana mining that spans operations and development.The mining veteran was brought onboard to take Tintina and its high-grade Black Butte Copper Project through the home stretch of permitting and development. He replaces Bruce Hooper, who is returning to Australia's Sandfire Resour...Read More

Copper is soaring, hits 7-week high

Jun. 28, 2016, 4:39 AM / Cecilia Jamasmie

Copper prices soared to a seven-week high on Tuesday morning in London driven by growing expectations of monetary stimulus, a weakening US dollar and slightly more steady global markets.Britain's decision to leave the European Union won't have major long-term implications on the copper market, say analysts, unless it triggers a complete fall apart of the EU.The London Metal Exchange's three-mo...Read More

BHP hikes exploration spending, to focus mostly on copper, oil

Jun. 27, 2016, 3:57 AM / Cecilia Jamasmie

World's No. 1 mining company BHP Billiton (ASX, NYSE:BHP) (LON:BLT) will raise its annual exploration spending by 29%, allocating nearly all its $900 million budget to finding new copper and oil deposits, which the miner has singled out as the key resources that will bolster its future growth.The budget increase comes despite the Melbourne-based mining giant's decision to cut overall capital expe...Read More

Mount Polley mine receives authorization for return to normal operations

Jun. 24, 2016, 3:08 PM / Marketwired

Vancouver - June 23, 2016 | Imperial Metals Corporation ("Imperial" or "Company") (III-TSX) reports that the Ministry of Energy and Mines and the Ministry of Environment have issued the necessary authorizations to allow Mount Polley Mine ("Mount Polley") to return to normal operations making use of its repaired and buttressed Tailings Storage Facility ("TSF").Over the past two years the management...Read More

Copper stocks deep into red as gold miners surge

Jun. 24, 2016, 12:54 PM / Frik Els

It was a tale of two markets on Friday as the shares of diversified mining majors were dumped and gold stocks surged after the UK's vote to leave the European union wreaked havoc on financial and commodity markets.In massive volumes in afternoon trade on Friday gold futures in New York for delivery in August, the most active contract, was priced at $1,321 an ounce after earlier in the day peak...Read More

Brexit: Gold, metals, markets react as Britain chooses to leave the EU

Jun. 24, 2016, 3:30 AM / Cecilia Jamasmie

British citizens have dealt the world's political, financial and business scenes quite a blow by voting to leave the European Union, a historic decision set to bring uncertainty as it reverses all past efforts of integration on which the old continent's stability has rested upon in recent years.The unexpected 52% to 48% result of the referendum in favour of the exiting option drove Prime Minister...Read More

Molybdenum price is on a tear

Jun. 23, 2016, 4:16 PM / Frik Els

While base metals have enjoyed a good 2016 so far with only lead (-5%) in negative territory for the year and the likes of zinc (+27%) and tin (+18%) entering bull markets, molybdenum is making a star turn.A metric tonne of molybdenum on the London Metal Exchange fetched $16,500 on Thursday after customs data from China showed imports of concentrate and oxides surged 131% in May. Over the first f...Read More

The world's 50 most valuable mining companies

Jun. 21, 2016, 3:55 PM / Frik Els

WE HAVE UPDATED THE RANKING - CLICK HERE FOR THE NEW TOP 50 MINING COMPANIES As with most rankings, the 13th annual study by PwC of the world's 40 biggest miners elicited a lot of discussion. Following on this debate asked our sister organization IntelligenceMine to compile a new list and to update the rankings to take into account the big swings in market valuations and commodity pri...Read More

Are copper and China set to rally?

Jun. 21, 2016, 1:27 PM / The Gold Report

Technical analyst and newsletter writer Clive Maund explores the link between an anticipated copper rally and an upswing in Chinese markets.In marked contrast to gold, copper looks to be set up for a sizable rally here. On its one-year chart we can see that after its significant drop during May and early June, it is down on an important support level that is certainly capable of generating a rally...Read More

Rio Tinto may be planning a $9bn spinoff a la BHP

Jun. 21, 2016, 10:27 AM / Cecilia Jamasmie

Together with announcing a major management reshuffle and division reorganization, Rio Tinto (ASX, LON:RIO) revived Tuesday rumours of an incoming $9 billion BHP-style spinoff.Soon-to-be Rio's chief executive, Jean-S?(C)bastien Jacques, overhauled the group business divisions, leaving its least loved units - coal, uranium salt, borates and its Iron Ore Co. of Canada - under a new umbrella branded...Read More

Rio Tinto to boot iron ore chief in fresh management shake-up

Jun. 21, 2016, 4:03 AM / Cecilia Jamasmie

Rio Tinto's iron ore will now focus only on the firm's operations in the Pilbara region of Western Australia. Image of the Paraburdoo operation, in the Pilbara, courtesy of Rio Tinto)Ten days before officially assuming as the new chief executive officer of Rio Tinto (ASX, LON:RIO), Jean-S?(C)bastien Jacques has begun making major changes at the top level in an effort to improve the company's balan...Read More

Australian mining industry cautioned to protect their assets

Jun. 17, 2016, 10:00 AM / GlobalX Legal Solutions

The Australian mining industry is exposing themselves to the unnecessary risk of losing multi-million dollar assets, according to leading legal experts. Despite only taking several minutes online, and costing less than the morning newspaper and cup of coffee, many Australian businesses are failing to protect their legal rights of ownership.The Personal Properties Securities Register (PPSR), a sing...Read More

Mosaic in talks to acquire Vale fertilizer unit in $3bn deal - report

Jun. 17, 2016, 7:06 AM / Cecilia Jamasmie

US-based Mosaic Co. (NYSE:MOS), the world's largest producer of phosphate fertilizer, is said to be in talks with Vale (NYSE:VALE) to acquire the Brazilian mining giant's fertilizer unit, in a deal worth about $3 billion.According to sources quoted by Reuters, a cash-and-stock deal remains the favourite option at this point, though the parties are also discussing other alternatives.Vale is the big...Read More

Palisade Mine Tour IV - Jamaican us crazy for copper, mon

Jun. 16, 2016, 3:33 PM / Palisade Research

In Jamaica there is a special fern that grows specifically around copper showings, there's a solid scientific explanation for this and the correlation is very real. This plays a big part in the field mapping and identification of potential mineralization and trench location.Behold! An outcrop covered in said ferns:What's that smell? Skunk?For those who follow Palisade Research, you know that our p...Read More

Gold, copper price jumps spark major mining stocks rally

Jun. 15, 2016, 11:58 AM / Frik Els

A resurgent copper price saw investors returning to the biggest names in mining on Wednesday with the world's top listed producer of the red metal leading the charge.In mid-day New York trade on Wednesday copper for delivery in July jumped 3.8% exchanging hands for $2.1190 a pound ($4,672 a tonne) as it recovers from four-month lows hit last week. Copper is now also back to breakeven for the...Read More

Canada's Erdene Resource sees bright future after striking gold in Mongolia

Jun. 15, 2016, 8:55 AM / Cecilia Jamasmie

Bayan Khundii project went from greenfield prospect to being Erdene's flagship asset in roughly nine months. (Image courtesy of Erdene Resources)Canada's Erdene Resource (TSX:ERD), one of the very few miners to never have encountered issues in Mongolia, has seen its shares soar in the last few months after the company hit the jackpot with a new multi-ounce gold discovery in the country's southwest...Read More

These are the world's 40 biggest mining companies

Jun. 14, 2016, 5:19 PM / Frik Els

CLICK HERE FOR MINING.COM'S UPDATED TOP 50 MINING COMPANIES RANKING PwC's latest report into the performance of the world's 40 largest mining companies shows just what a watershed year 2015 was.The management consultants' Mine 2015 report shows the top 40 companies suffering their first collective net loss in history ($27 billion), a decline in collective market capitalization of 37% (to below...Read More

Millions of Latin Americans risk sliding back into poverty

Jun. 14, 2016, 9:19 AM / United Nations Development Programme

Panama City, June 14, 2016 - The main threat to progress in Latin America and the Caribbean is the relapse of millions of families back into poverty. The economic slowdown is part of the story, but not the only cause of such a setback, says the United Nations Development Programme's (UNDP) Human Development Report (HDR) for Latin America and the Caribbean, launched with more than 60 congressperson...Read More

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