Copper Stocks Articles

Chile's Codelco lays off over 4,000 workers

Nov. 3, 2015, 10:00 AM / Cecilia Jamasmie

Codelco's chief executive Nelson Pizarro says the "painful, but necessary" move has not affected production.Codelco's chief executive Nelson Pizarro is following through with his promise of cutting costs "to the bone" as the Chile-owned miner announced it has cut almost 3,900 jobs, including contractors, in response to low prices and weak demand.Until now, the world's top copper producer had only...Read More

Greek court's final ruling about Eldorado operations still pending

Nov. 3, 2015, 6:40 AM / Cecilia Jamasmie

Construction at Eldorado's Skouries gold and copper mine.**UPDATED**Shares in Canada's Eldorado Gold (TSX:ELD) (NYSE:EGO) spiked Monday and were trading around 3.7% higher mid-day in Toronto yesterday, after Reuters reported that Greece's top administrative court had annulled a government decision that suspended the miner's operations in the country's north.The news were later denied by the court'...Read More

How to spot buyout clues in today's resource market

Nov. 3, 2015, 12:27 AM / The Gold Report

What if you could tell before a press release comes out that a company is poised to be bought out, possibly at a nice premium? Sounds good, right? By watching historic patterns, that might just be possible. The Gold Report reached out to experts who have been around through enough cycles to know and asked for the clues they watch that an acquisition might be imminent. From location and early inves...Read More

Copper bears ignoring Chinese manufacturing turnaround

Nov. 2, 2015, 3:11 PM / Frik Els

The copper price is having a torrid 2015 as economic news out China continues to rattle investors and bears discount any positive developments from the world's number one consumer of the metal.The release of China's commodity-friendly five-year plan through 2020 released last week has done little to lift sentiment and even a stronger-than-expected reading of Chinese manufacturing activity released...Read More

Cecil Musgrave: Warren Buffett style investing In mining - this is not supposed to happen!

Nov. 2, 2015, 4:21 AM / Palisade Radio

Ben Graham value investing now exists in the mining space - the type of investing that Warren Buffet is famous for. But this is simply NOT supposed happen. Why? Because mining companies have reserves and resources in the ground, which are reflected in a company's share price... that is, in a normal market.Cecil Musgrave, publisher of Investorsguru.com, contends that today's market is so broken tha...Read More

Needs of communities near mines in poor countries must prevail in the mining lifecycle, says Global Policy Forum

Nov. 2, 2015, 2:08 AM / UNCTAD

The importance of going beyond environmental considerations when planning the lifecycle of mines to include socioeconomic considerations was among the topics raised at the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development (IGF) at its annual general meeting, hosted by UNCTAD at the Palais des Nations, Geneva, on 27-29 October 2015.While mining continues to play a key...Read More

Peru's Garcia makes mining key pillar of his presidential campaign

Nov. 1, 2015, 6:00 AM / Cecilia Jamasmie

(Image courtesy of Peru's Government photo archives)Peru's former president Alan Garca has kicked off his campaign for a third term with a promise to deliver economic growth of at least 6% a year mainly by attracting more mining investment.The 66-year-old long-time leader of the centre-left American Popular Revolutionary Party, said he planned to achieve such goals by reducing red tape to a minimu...Read More

Australia's junior sector turns to crowdfunding

Nov. 1, 2015, 5:51 AM / Cecilia Jamasmie

Australian junior miners have decided to battle the capital drought afflicting the sector by turning to the Internet to raise funds.The growing practice, known as crowdfunding, consists on soliciting small amounts of money from a large number of people in order to fund a project or venture. But small miners and explorers have been somehow deprived of the innovative method in Australia due to some...Read More

China's new 5-year plan brilliant news for mining

Oct. 30, 2015, 5:04 PM / Frik Els

Image: Thierry EhrmannThe end of China's one-child policy has grabbed all the headlines, but the Fifth Plenary Session of the 18th Central Committee of the Communist Party of China (to give its full designation) also outlined the direction of the world's second largest economy over the next five years.China's 13th five-year plan running from 2016 - 2020 is the first one approved by Xi Jinping and...Read More

New La Negra facility supports Chilean mining industry with expanded tyre retread and repair capabilities

Oct. 30, 2015, 9:23 AM / Kal Tire

Kal Tire Chile's administration office and OTR tire retread and repair facility.Vernon, British Columbia-Kal Tire's Mining Tire Group officially opened today a new OTR tyre retread and repair facility near the port city of Antofagasta, in the heart of Chile's mining industry."Kal Tire has been supporting the Chilean mining industry for many years," says Pedro Pacheco, vice president operations, Ka...Read More

Canada's Eldorado Gold swings to loss in Q3

Oct. 30, 2015, 3:46 AM / Cecilia Jamasmie

Construction at Eldorado's Skouries mine and processing plant.Canada's Eldorado Gold (TSX:ELD) (NYSE:EGO) logged Friday a third-quarter loss of $96.1 million, after reporting a profit in the same period a year earlier.The Vancouver, British Columbia-based miner said it lost 13 cents per share, and that total losses, adjusted for non-recurring costs, were 1 cent per share. Revenue for the period wa...Read More

Why tunnel boring machines are named after women

Oct. 30, 2015, 2:50 AM / Frik Els

Why are the eight tunnel boring machines (TBMs) used in London's mega Crossrail project all named after women (Phyllis, Ada, Elizabeth, Victoria, Jessica, Ellie, Sophia and Mary)? Why is the infamous TBM stuck underneath Seattle for the last two years called (Big) Bertha and why is Alice tunneling Vancouver's new Evergreen Line?Gizmodo's Factually picks up on a Los Angeles Times article, about a...Read More

Junior miners: Doom, gloom or boom?

Oct. 30, 2015, 12:30 AM / Visual Capitalist

If it wasn't already clear, the junior companies that explore, develop, and mine the world's metals are struggling. PwC recently recapped the malaise of these companies in its latest Junior Mine 2015 report, along with highlighting some success stories of those that have been able to bypass the onslaught.The report, which looks at the Top 100 junior mining companies traded on the TSX Venture excha...Read More

Bad News Is Good News. For Now.

Oct. 29, 2015, 10:12 PM / Eric Coffin of HRA Advisories

Eric Coffin's new video presentation from the Vancouver Subscriber Investment Summit 2015, Is a Bad Market Good for Gold Stocks?, can be viewed below:Click here to watch the video nowSince the last issue the "optimistic scenario" has been the clear winner. Traders continue to expect the Fed to hold off. That has been enough to keep NY trending higher though the trajectory is flattening out. Eco...Read More

Mining industry value drops below one trillion dollars

Oct. 29, 2015, 4:44 AM / Cecilia Jamasmie

The value of the mining sector worldwide has dropped below one trillion US dollars for the first time since 2009. (Image copyright: Dragon Images | Shutterstock.com)For the first time since 2009, the market value of the global mining sector has dropped below US$1 trillion, according to a new report by SNL Metals and Mining.While not by much, the crossing of the line clearly illustrates how battere...Read More

Marin Katusa: Follow the good guys in mining

Oct. 29, 2015, 3:29 AM / The Gold Report

The most valuable resource in a mining company is often the people. Good management can attract the right investors and add value regardless of the market. In this interview with The Gold Report, Marin Katusa, founder of Katusa Research, shares his litmus test for which mining companies are worth his hard-won dollars and which ones he is avoiding for the foreseeable future.The Gold Report: You see...Read More

Callaghan settles with BCSC to not drag it out'

Oct. 29, 2015, 1:12 AM / Business In Vancouver - Nelson Bennett

Frank Callaghan, the colourful founder and former CEO of Barkerville Gold Mines Ltd. (TSX-V:BGM), has agreed to a $30,000 fine and one-year suspension from being a director or engaging in investor relations in a publicly traded company.Callaghan says the one-year suspension will have no impact on any of the companies he still holds shares in because he's no longer a director of any of those compan...Read More

INFOGRAPHIC: The story of Voisey's Bay - the auction

Oct. 29, 2015, 12:51 AM / Visual Capitalist

Part 2: The AuctionIn case you missed it yesterday, here's Part 1.Our new three-part series covers the legendary tale behind the Voisey's Bay nickel discovery - one of the most famous mining exploration stories of all time.Part 2 covers the high-profile bidding war that ensued between rival companies such as Teck, Inco, and Falconbridge to buy Voisey's Bay.Presented by: Equitas Resources, "Nickel...Read More

Nine rules for exploration success from the world's best mine finder

Oct. 28, 2015, 4:02 PM / Michael Allan McCrae

Dave Lowell walks his ranch south of Tucson. Image from YouTube/CEO.ca.Simply put, you just have to be out of the office, in the field and drilling holes if you want to be making discoveries says legendary explorationist and geologist, Dave Lowell, in his book Intrepid Explorer - The Autobiography of the World's Best Mine Finder.Lowell-this past century's most successful mining explorationist havi...Read More

Chile injects $600 million into state-owned copper giant Codelco

Oct. 28, 2015, 7:15 AM / Cecilia Jamasmie

A new mine level being constructed at Codelco's El Teniente, the world's largest underground copper operation and the sixth biggest copper mine by reserve size, will extend its life by 50 years.Chile's government will give state-owned copper miner Codelco $600 million in funds to finance its investment plans, as the world's No.1 producer of the industrial metal battles to keep up production at its...Read More

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