Copper Stocks Articles

British Columbia native land claims continue to conflict with mineral rights

Mar. 15, 2016, 4:50 PM / Business In Vancouver - Nelson Bennett

McMillian LLP Lawyer Robin Junger, who specializes in aboriginal land claims, sorting through maps in his Vancouver Office l Chung ChowSettling native land claims is ostensibly supposed to bring some certainty to land-use questions in B.C.But two recent decisions by the provincial government are creating even more uncertainty for mining and mineral exploration in B.C. and sending a negative signal...Read More

PDAC 2016: Interview with President of McEwen Mining Colin Sutherland

Mar. 14, 2016, 3:43 PM / Andrew Nelson correspondent, Andrew Nelson, interviews the newly appointed President of McEwen Mining, Colin Sutherland, at the most anticipated mining conference of the year, PDAC 2016 in Toronto. Mr. Sutherland has over 20 years of financial and operating experience in the gold mining industry and most recently was the CEO of Archipelago Resources growing it to a 200,000 ounce gold producer. He als...Read More

Anglo American CEO's pay fell 8% in 2015

Mar. 14, 2016, 12:58 PM / Andrew Topf

The pain at Anglo American (LSE:AAL) has finally reached the corner office.Today the struggling mining major with roots going back more than a hundred years to South Africa's gold and diamond fields, said CEO Mark Cutifani's total pay last year fell 8 percent, from 3.7m to 3.4m. The Australian, who joined Anglo in 2013 replacing Cynthia Carroll, also saw his bonus plummet by almost 40 percent, f...Read More

Big Mac barbecued with molten copper

Mar. 13, 2016, 4:42 PM / Andrew Topf

Youtube user Tito4re is causing quite a sensation with his latest stunt, pouring molten copper on a Big Mac.In the video, liquid copper which has a melting point of 984 F or 1,085 C, is ladled onto the legendary hamburger, then pulled apart by a set of metal tongs as it slowly disintegrates. The video has so far earned 783,428 views.Hat tip: Mashable Read More

Nautilus Seafloor Production Tools arrive in Oman

Mar. 11, 2016, 8:20 AM / Nautilus Minerals Inc.

Toronto Ontario, March 11, 2016 - Nautilus Minerals Inc. (TSX:NUS, OTCQX:NUSMF, OTC:NUSMF Nasdaq Intl Designation) (the "Company" or "Nautilus") announces, on behalf of the Solwara 1 Joint Venture (comprising Nautilus 85% and Eda Kopa (Solwara) Limited 15%, a subsidiary of Petromin Holdings PNG), that the three Seafloor Production Tools ("SPTs") have arrived safely at Duqm Port in Oman.The three S...Read More

Death toll at Glencore's Katanga mine in Congo climbs to 3

Mar. 10, 2016, 9:00 AM / Cecilia Jamasmie

The death toll from a landslide at Glencore's (LON:GLEN) Katanga Mining operation in the Democratic Republic of Congo climbed Thursday as a third body was recovered from the pit.The search for the remaining four missing individuals continues with "all available resources," Glencore said in a statement.Seven workers went missing Tuesday after a "geotechnical failure" led to the collapse of the nort...Read More

Congo government urged to pass new mining code

Mar. 10, 2016, 3:44 AM / Cecilia Jamasmie

Activists in the Democratic Republic of Congo are pressing the government to revive plans for a new mining code, claiming the country, which is Africa's top copper producer, needs the higher revenues the revised legislation would generate.Congo began reviewing the 2002 mining code in 2012 and last year it proposed hiking profit taxes to 35% from 30%, raising the state's free share of new mining pr...Read More

First Quantum sells nickel-copper-platinum mine in Finland for $712 million

Mar. 10, 2016, 2:30 AM / Cecilia Jamasmie

Canada's First Quantum Minerals (TSX:FM) (LON:FQM) said Thursday it is selling its nickel, copper and platinum-group metals Kevitsa mine in Finland for $712 million to Boliden AB, as part of ongoing efforts to reduce debt.The Swedish mining and smelting company will pay cash for the mine that has nickel, copper and platinum-group metals, subject to customary adjustments, First Quantum said. The sa...Read More

Nunavut board allowed mining exploration on Bathurst caribou calving grounds

Mar. 10, 2016, 12:10 AM / CBC News

A second exploration company is making plans to work inside Nunavut's caribou calving grounds - this time on the range of the dwindling Bathurst herd.And once again, it happened with the approval of the Nunavut Impact Review Board, and against the advice of the N.W.T. government.Last spring Tundra Copper sought, and received, permission to search for copper on the Bluenose East calving grounds.Rea...Read More

KGHM, Sumitomo face fine, licence withdrawal over environmental breaches in Chile

Mar. 9, 2016, 11:00 PM / Cecilia Jamasmie

Chile's environmental watchdog has pressed charges against Sierra Gorda SCM, firm jointly owned by Poland's KGHM Polska Miedz and Japan's Sumitomo Metal Mining, saying it was found guilty of committing nine environmental infractions.KGHM could face fines and have the licence for its Sierra Gorda mine revoked.According to the Superintendence for the Environment (SMA), the "serious" to "mild" breach...Read More

PDAC 2016 Convention exceeds 22,000 attendees

Mar. 9, 2016, 2:17 PM / PDAC

Toronto, - Optimism and opportunity abounded at the PDAC 2016 Convention of The Prospectors & Developers Association of Canada in spite of recent industry challenges, indicating a positive shift in sentiment amongst the industry's key players.A clear sense of industry confidence was evident as more than 22,000 attendees from more than 100 countries gathered at the annual PDAC convention where inv...Read More

In-situ copper leaching is a proven technology

Mar. 9, 2016, 9:43 AM / Gary Sutton

It was recently reported in the Financial Post that in-situ leaching of copper is an unproven technology. After personally spending 5 years working at the in-situ copper leaching operation at San Manuel, Arizona I can state that it has definitely been proven. I believe a little history is required to understand this technology since it is not widely known.In-situ leaching itself is not a new tec...Read More

MMG swings to loss and books $784 million write down

Mar. 9, 2016, 4:00 AM / Cecilia Jamasmie

China-backed miner MMG Ltd (HKG:1208) revealed Wednesday it lost $1.05 billion last year as metals prices traded at multiyear lows, forcing it to book a $784.3 million write down.The overseas unit of China's largest state-owned copper and zinc producer said revenue fell 21% to $1.95 billion in the year to Dec. 31, despite achieving record copper production, as prices for the industrial metal were...Read More

Copper, nickel prices retreat on weak Chinese export data

Mar. 8, 2016, 3:19 PM / Andrew Topf

Well, that was shortlived. The rally that had investors clambering back into mining stocks came to an abrupt end today, as disappointing export data from China showed continuing signs of weakness in the world's top commodities consumer.Traders were quick to hit their sell buttons as official figures released in Beijing today showed exports in February were down a whopping 25.4 percent from the pre...Read More

Growing a global copper producer in a terrible market

Mar. 8, 2016, 1:10 PM / CEO.CA

Karl Simich, Managing Director and CEO of Sandfire Resources (Screengrab)It hasn't been much fun for base metal producers in recent years. As Karl Simich, Managing Director and CEO of Sandfire Resources, puts it bluntly, the price of copper has made the business of mining the stuff "hard work."Low oil prices and weak currencies for ex-USA miners offers some reprieve. But they have only softened th...Read More

INFOGRAPHIC: The extraordinary metals in an iPhone 6s

Mar. 8, 2016, 11:33 AM / Visual Capitalist

Courtesy of: Visual CapitalistPresented by: Red Cloud Klondike Strike (Equity crowdfunding in mining)Apple launched the first iPhone in 2007, and since then the iconic smartphone has sold over 700 million units around the world.This best-selling handset sets the standard for smartphone performance and features. However, the iPhone would not be possible without the extraordinary raw materials that...Read More

Teck CEO shoots down speculation about Fort Hills oil sands stake

Mar. 8, 2016, 11:10 AM / Business News Network

Teck Resources's CEO, Don Lindsay, says the company is not considering selling its stake in the Fort Hills oil sands project.In an interview on Business News Network, he was asked whether the company has discussed selling its 20 per cent ownership in Fort Hills."Not a single discussion. Not a single hint of it," said Lindsay. "We're building a long-term franchise."Read more...Read More

Goldman rains on everyone's parade, says commodities rally won't last

Mar. 8, 2016, 6:05 AM / Cecilia Jamasmie

The recent surge in prices of gold, oil and other commodities has come prematurely, says the bank, arguing that lower prices are needed for markets to rebalance.Goldman Sachs (NYSE:GS), one of the most influential banks in commodity markets, poured cold water on the growing belief that metals and oil prices have "bottomed out," and warned the current rally is "not sustainable."In a series of repor...Read More

Landslide at Glencore Katanga mine in DRC leaves 2 dead, 5 missing

Mar. 8, 2016, 3:27 AM / Cecilia Jamasmie

Two workers died and five are missing at Glencore's (LON:GLEN) Katanga Mining operation in the Democratic Republic of Congo after a pit wall collapsed on Tuesday.The "geotechnical failure" - or a landslide - occurred on the north wall of the KOV open pit mine, Glencore-owned Katanga said in a statement. It added that all relevant authorities had been informed and that all activity on site had also...Read More

EY: Distress and divestments to dominate mining deals in 2016

Mar. 8, 2016, 2:00 AM / Ernst & Young

According to a recent EY report, financial distress among mining and metals companies is expected to shape merger and acquisition (M&A) activity in the sector in 2016, with divestments picking-up pace on the back of volatility and uncertainty on the timing of a recovery."The value and volume of Canadian deals was at a 10 year low in 2015," says Bruce Sprague, EY's Canadian Mining & Metals Leader....Read More

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