Copper stocks Articles

UPDATE 1-India court panel extends hearing on Vedanta smelter case

Dec 08, 2018 / Reuters

(Updates to add PIX)NEW DELHI, Dec 7 (Reuters) - India's environmental court said it will resume hearing Vedanta Ltd's VDAN.NS case on Monday to decide whether to re-open the company's copper smelter, which was closed earlier this year after 13 people died when police fired on protesters.Last week, a panel of experts set up by India's National Green Tribunal, informally known as the environmental...Read More

India court panel extends hearing on Vedanta smelter case

Dec 08, 2018 / Reuters

NEW DELHI, Dec 7 (Reuters) - India's environmental court said it will resume hearing Vedanta Ltd's VDAN.NS case on Monday to decide whether to re-open the company's copper smelter, which was closed earlier this year after 13 people died when police fired on protesters.Last week, a panel of experts set up by India's National Green Tribunal, informally known as the environmental court, said authorit...Read More

Japan's Pan Pacific sees copper rising toward $7,000/T in 2019

Dec 08, 2018 / Reuters

By Yuka ObayashiTOKYO, Dec 7 (Reuters) - Pan Pacific Copper (PPC), Japan's top copper smelter, expects the price of the industrial metal to rise toward $7,000 a tonne in 2019, from about $6,168 now, backed by firm global demand and tighter supply, its executive said.PPC, which is also a miner controlled by JXTG Holdings 5020.T , expects global consumption and supply of refined copper to each incre...Read More

PRECIOUS-Gold firms as dollar slips; U.S. nonfarm payroll data awaited

Dec 08, 2018 / Reuters

BENGALURU, Dec 7 (Reuters) - Gold prices rose slightly on Friday and were headed for their best week in 15, as the dollar weakened following a decline in U.S. Treasury yields, while investors awaited U.S. nonfarm payroll data for clues about the health of the world's top economy.* Spot gold XAU= was up 0.1 percent at $1,239.24 per ounce, as of 0125 GMT, having hit a near five-month peak at $1,244....Read More

Newmont updates gold and copper outlook for 2019 and 2020

Dec. 7, 2018, 12:46 PM / Northern Miner Staff

Newmont Mining (NYSE: NEM) expects its attributable gold production will reach 5.2 million ounces in 2019 and 4.9 million ounces in 2020, while attributable copper production will be 45,000 tonnes in both years.All-in sustaining costs for gold will come in at US$935 per oz. in 2019 and US$975 per oz. in 2020, while AISCs for copper will reach $2.45 per lb. next year and $2.55 per lb. in 2020.Longe...Read More

India court panel extends hearing on Vedanta smelter case

Dec. 7, 2018, 10:03 AM / Reuters

NEW DELHI - India's environmental court said it will resume hearing Vedanta Ltd's case on Monday to decide whether to re-open the company's copper smelter, which was closed earlier this year after 13 people died when police fired on protesters.Last week, a panel of experts set up by India's National Green Tribunal, informally known as the environmental court, said authorities in Tamil Nadu state h...Read More

UPDATE 10-Oil dives nearly 3 pct after OPEC delays output decision

December 07, 2018 / Staff reporter

* OPEC ends meeting with no output cuts announced* OPEC, Russia to discuss potential supply cut on Friday* GRAPHIC-OPEC, U.S. & Russia output: https://tmsnrt.rs/2E0xgTz* U.S. turns into net exporter of oil (Updates to settlement, details on Friday meeting)By Devika Krishna KumarNEW YORK, Dec 6 (Reuters) - Oil fell nearly 3 percent in choppy trading on Thursday after OPEC and its allies ended a...Read More

CORRECTED-Fitch sees Indian rupee weakening to 75 against dollar by end-2019

December 07, 2018 / Staff reporter

(Corrects first paragraph to clarify timeframe is end, not middle, of 2019)NEW DELHI, Dec 6 (Reuters) - Fitch Ratings said on Thursday it expects the Indian currency to weaken to 75 rupees against the U.S. dollar by the end of next year on a widening current account deficit and tighter global financing conditions.Despite a few recent advances, the rupee is on track for its worst yearly performance...Read More

Indian shares mark 2-wk closing low; Reliance Ind top drag

December 07, 2018 / Staff reporter

* NSE index end down 1.7 pct, BSE index close 1.6 pct lower* Only 2 stocks on NSE index, 1 on BSE index finish in the greenDec 6 (Reuters) - Indian shares ended lower on Thursday, marking their worst closing levels in two weeks, dragged down by index heavyweights such as Reliance Industries Ltd RELI.NS and Infosys Ltd INFY.NS .The broader NSE index .NSEI closed 1.69 percent lower at 10,601.15,...Read More

UPDATE 2-UK stocks suffer losses not seen since 2016 Brexit vote

Dec 07, 2018 / Reuters

* FTSE 100 ends down 3.2 percent* Huawei arrest stirs trade tension worries* Oil, mining stocks lead fallers (Adds closing prices)By Josephine Mason and Julien PonthusLONDON, Dec 6 (Reuters) - UK shares plunged on Thursday and recorded losses not seen since the aftermath of the Brexit vote as a sell-off swept global markets following the arrest of a top Huawei executive that renewed worries about...Read More

Gold Prices Flat as U.S.-Sino Trade Worries Intensify

Dec 07, 2018 / Investing.com

Investing.com - Gold prices were flat on Thursday after the arrest of a top executive at China-based Huawei Technologies sparked worries that it could reignite the U.S.-Sino trade dispute.Comex gold futures for February delivery inched up 0.04% to $1,243.05 a troy ounce as of 8:52 AM ET (13:52 GMT).Market sentiment was on edge after Meng Wanzhou, the chief financial officer at smartphone company H...Read More

Britain's FTSE hits 2-year low as Huawei arrest rattles investor confidence

Dec 07, 2018 / Reuters

(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 down 1.9 pct; midcaps down 1.5 pct* Huawei arrest stirs trade tension worries* Oil, mining stocks lead fallersLONDON, Dec 6 (Reuters) - UK shares were sharply lower on Thursday, hitting their weakest levels in two years as oil and mining stocks fell and investors shunned sectors they consider risky after the arrest...Read More

Company in negotiations to set up new JV with third party to complete PSV

07 December 2018 / Staff Reporter

Mahenge the Cinderella of the graphite space?SPONSOREDblack rock miningSky is the limit for BSK at Amarillo GrandeSPONSOREDblue sky uraniumNew Energy brings experience to new dawnSPONSOREDnew energy mineralsDealing with the complexity of Coal data with Geobank 2018SPONSOREDmicromineBut the matter is being complicated by the junior having no further claim of ownership to the PSV.A subsidiary of the...Read More

Company in dire straits after US$4M extension to its working capital facility no completed

07 December 2018 / Jacqueline Holman

Look beyond market approach to project valuations: van ZylLeadershipSustained investment in people a big plus for consultancySPONSOREDbyrnecutMahenge the Cinderella of the graphite space?SPONSOREDblack rock miningSky is the limit for BSK at Amarillo GrandeSPONSOREDblue sky uraniumThe suspensions come after it could not complete a conditional US$4 million extension to its working capital facility w...Read More

AME unveils 2018 Celebration of Excellence award winners

07 December 2018 / Staff Reporter

Sustained investment in people a big plus for consultancySPONSOREDbyrnecutMahenge the Cinderella of the graphite space?SPONSOREDblack rock miningSky is the limit for BSK at Amarillo GrandeSPONSOREDblue sky uraniumNew Energy brings experience to new dawnSPONSOREDnew energy mineralsIndustry leaders will be recognised for their significant efforts and contribution to the industry at the AME awards ga...Read More

Chile's Codelco agrees contract with Gabriela Mistral mine workers

Dec. 6, 2018, 1:21 PM / Reuters

Chile's state copper miner Codelco said on Thursday it had reached agreement on a new collective labor contract in early negotiations with the union of workers at its Gabriela Mistral mine in northern Chile.The 36-month contract included a signing bonus of 4.2 million pesos ($6,216.63) and a 2 million peso ($2,960.30) premium paid to workers for agreeing to the early negotiation, Codelco, the worl...Read More

Losing licence to operate new and biggest threat to miners - EY

Dec. 6, 2018, 9:54 AM / Cecilia Jamasmie

Mining companies across the globe now consider the risk of losing their licence to operate as the biggest risk to their businesses in the next two years, a new study shows.According to the 11th annual EY survey of 250 executives, the topic was listed sixth in the list of the ten major risks facing mining and metals firm in 2019-2020. Other challenges listed by the participants were rising national...Read More

Government rejects Sierra Metals' tailings EIA for Yauricocha expansion

Dec. 6, 2018, 9:45 AM / Canadian Mining Journal Staff

PERU - SENACE, the Peruvian National Environmental Certification Service, has rejected Toronto-based Sierra Metals' environmental impact assessment for the expansion of the tailings management facility at the Yauricocha polymetallic mine in the Yauyos province.Sierra Metals has 15 business days to provide a re-evaluation to the authorities to initiate a review process. This process will delay the...Read More

UPDATE 12-Oil edges lower ahead of OPEC meeting

December 06, 2018 / Staff reporter

* OPEC, Russia moving closer to agreeing oil cuts for 2019* Russia's Lukoil says ready to cut oil output if necessary* Saudi crude output hits record 11.3 mln bpd in November (Adds settlement prices, commentary)By Stephanie KellyNEW YORK, Dec 5 (Reuters) - Oil prices dipped on Wednesday ahead of a meeting of the world's biggest exporters, who will discuss cutting output to help shore up prices and...Read More

UPDATE 5-India c.bank keeps rates on hold, moves to spur lending

December 06, 2018 / Staff reporter

* Repo rate held at 6.50 percent* RBI retains "calibrated tightening" stance* Cutting minimum bond holding ratio to spur bank lending* Bond yields fall as RBI lowers inflation projection (Adds further comments from government statement)By Swati Bhat and Suvashree ChoudhuryMUMBAI, Dec 5 (Reuters) - India's central bank kept interest rates unchanged on Wednesday, in a decision that was wid...Read More