Copper stocks Articles

PRECIOUS-Gold prices edge down as strong U.S. data boosts rate rise view

Oct 12, 2018 / Reuters

BENGALURU, Oct 11 (Reuters) - Gold prices inched down on Thursday as robust U.S. data potentially bolstered the chances of multiple U.S. interest rate hikes over the next year.The declines came even as Wall Street suffered its worst drubbing in eight months.FUNDAMENTALS* Spot gold XAU= was down 0.2 percent at $1,192.41 an ounce at 0105 GMT.* U.S. gold futures GCv1 were up 0.2 percent at $1,195.70...Read More

Golden Arrow expands into Chile

12 October 2018 / Staff Reporter

Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resources The move signals a geographic expansion for the company which has made a name for itself as a first mover in Argentina, when economic reforms opened the country for foreign investment in 2003.Under the first of two accords, Golden Arrow has entered a 48-month earn-in period "with minimal costs" in the first year and total payments of U...Read More

Trafigura-backed copper miner Atalaya Mining seeks buyer

Oct. 11, 2018, 11:25 AM / Reuters

LONDON, Oct 11 (Reuters) - Copper producer Atalaya Mining, which is backed by Swiss trading giant Trafigura, is looking for a buyer, two banking sources said on Thursday.The Cyprus-based miner has hired Canadian investment bank Bank of Montreal to help with the sale, the sources said.Atalaya's main copper asset, the Proyecto Riotinto in the Spanish region of Andalucia, was part of a mine complex b...Read More

A Decade After Lehman, Investors Hunt Clues for Next Crisis

October 11, 2018 / Staff reporter

(Bloomberg) -- “It’s something that happens every five to seven years” is how JPMorgan Chase & Co (NYSE:JPM). CEO Jamie Dimon once defined a financial crisis to his daughter. Queen Elizabeth II asked “why did nobody notice” the seeds of the last one.Stung by their failure to spot the turmoil of 10 years ago and two decades since Asian markets were roiled, policyma...Read More

CORRECTED-UPDATE 8-Oil prices slump 2 pct as Wall Street slides

October 11, 2018 / Staff reporter

(Corrects EIA monthly forecast to 10.74 (not 10.75) million bpd in last paragraph)* U.S. stock markets broadly fall, weigh on oil futures* IMF downgrades economic growth forecasts for 2018, 2019* Hurricane heads towards Florida, closing some crude output* Coming up: API data on U.S. crude stocks due at 4:30 p.m. EDTBy Stephanie KellyNEW YORK, Oct 10 (Reuters) - Oil prices dropped 2 percent on Wedn...Read More

India's Sept gold imports drop 14 pct on weak rupee-GFMS

October 11, 2018 / Staff reporter

By Rajendra JadhavMUMBAI, Oct 10 (Reuters) - India's gold imports in September dropped more than 14 percent from a year ago as a rally in local prices due to a depreciating rupee reduced demand in the world's second-biggest consumer of bullion, provisional data from precious metals consultancy GFMS.The drop in demand from Indian importers could weigh on global prices XAU= , which have dropped 8.8...Read More

Cryptocurrencies Drop; Tiberius Stops Selling Digital Tokens

Oct 11, 2018 / - Bitcoin and other major cryptocurrencies edged down on Wednesday morning in Asia while Tiberius Technology Ventures moved to stop selling its metal-backed cryptocurrency and plans to refund $1 million to investors, according to the company’s own blog. Bitcoin dropped 0.46% to $6,629.7 by 11:01PM ET (03:01GMT) on the Bitifinex exchange. ETH/USD fell 0.37% to $230.23 and Liteco...Read More

Metal outlook spans two extremes

11 October 2018 / Staff reporter

Orla hits 147.7m at 1.25% copperResource definitionNew thinking carves out strong zinc position for Europa MetalsSPONSOREDeuropa metalsStoried past, future potential for Sierra RutileSPONSOREDsierra leoneAMC Consultants: San Sebastian Mining Method Case StudySPONSOREDamc consultantsThere is hardly an investment pitch from a miner these days, or so it seems, without a reference to an imminent metal...Read More

Dundee upbeat on strong production

11 October 2018 / Staff Reporter

PolarX points to upsideSPONSOREDpolarx ltd The Toronto-based miner reported strong performance at its Chelopech mine, in Bulgaria, which produced 3% more gold year-on-year at 49,600 ounces, while copper output rose 21% to 10.3 million pounds.The Tsumeb smelter, in Namibia, treated 68,431 metric tonnes of complex concentrate in the period, setting a new quarterly record that bested the previous re...Read More

Continued improvements for Anglo Asian at Gedabek

11 October 2018 / Staff reporter

Kin reshaping path towards developmentSPONSOREDkin mining nlThe results were helped by the commissioning of a second crusher line, which allowed copper production to restart from the flotation plant.Quarterly production was up 38% year-on-year t...Read More

Mining in the Mekong: Myanmar to outperform, Thailand to underperform - report

Oct. 10, 2018, 4:50 PM / Editor

There is big opportunity, and and also big risk in the Mekong mining sector, according to recently published report.Fitch Solutions Macro Research's industry analysis maintains the Mekong region will remain underdeveloped and dominated by domestic players in the coming years as foreign investment flows into the sector will be minimal amid a myriad of risks.The report also predicts that Myanmar wil...Read More

The real cash cow in mining isn't metals. It's bad old coal

Oct. 10, 2018, 12:55 PM / Bloomberg News

For all the bullish talk about metals of the future, miners are making some of their biggest profits from heavy-industry stalwart coal.Base metals from copper to zinc have tumbled this year, caught up as a proxy for trade fears and emerging market jitters. Meanwhile, coal has ground steadily upwards, supported by strong demand from top commodities user China, and is trading near the highest in mo...Read More

Chile wants lithium to be traded on LME

Oct. 10, 2018, 11:40 AM / Cecilia Jamasmie

Chile's mining minister Baldo Prokurica asked the London Metals Exchange (LME) Wednesday to consider trading the coveted metal used in the batteries that power electric vehicles (EVs) and high-tech devices, and so provide greater "clarity" about its value.Chile produced 80,000 tonnes of lithium carbonate equivalent last year, representing 35 percent of global production.On his first visit to Brita...Read More

Poland's KGHM focused on balance sheet, not dividends

Oct. 10, 2018, 9:22 AM / Reuters

LONDON, Oct 10- Polish miner KGHM, one of the world's leading copper producers, is focusing on shoring up its balance sheet rather than any early return to dividends, its new CEO said.Marcin Chludzinski, who was named chief executive in June, said he will deliver an updated strategy for the company by the end of the year.But after shareholders in July approved the company's decision not to pay any...Read More

BHP aims to restart Olympic Dam copper facility this month

Oct. 10, 2018, 2:00 AM / Reuters

BHP expects a plant at its Olympic Dam mine to restart this month following repairs and the company has found a way to deliver returns from the asset as part of a focus on maxmising productivity, its head of Australian operations said on Tuesday."The expectation remains that we'll have that back up and running this month," Mike Henry, president of operations, minerals Australia, said in an intervi...Read More

UPDATE 10-Oil prices gain as Iranian crude exports fall, Hurricane Michael nears

October 10, 2018 / Staff reporter

* Iranian crude exports slip to 1.1 mln bpd in 1st week Oct* Gulf of Mexico producers cut oil output by 40 pct ahead of storm* IMF cuts global growth forecast as trade war curbs begin* API, EIA data to be released Wednesday, Thursday, respectively (Adds settlement prices, commentary, market activity)By Stephanie KellyNEW YORK, Oct 9 (Reuters) - Oil prices rose about one percent on Tuesday on growi...Read More

UPDATE 1-WhatsApp builds system to comply with India's payments data storage norms

October 10, 2018 / Staff reporter

* Move comes after RBI's data localisation directive* WhatsApp has been testing payments in India* Visa (NYSE:V), Google (NASDAQ:GOOGL), PayPal, others seek extension of RBI deadline -source (Updates to add context, detail)By Sankalp Phartiyal and Aditi ShahMUMBAI/NEW DELHI, Oct 9 (Reuters) - WhatsApp has built a system to store payment-related data in India, in line with a central bank directive...Read More

Indian shares mark lowest close since April

October 10, 2018 / Staff reporter

* BSE, NSE indexes end nearly 0.5 pct lower* Tata Motors plunges 13 pctOct 9 (Reuters) - Indian shares ended lower on Tuesday at their lowest closing level since April, with market heavyweight Tata Motors Ltd TAMO.NS dragging down the indexes amid weak global cues.The benchmark BSE index .BSESN closed down 0.51 percent at 34,299.47. The broader NSE index .NSEI ended 0.45 percent lower at 10,301....Read More

GLOBAL MARKETS-Selloff sucks Europe back under after Asia sinks to 17-month low

Oct 10, 2018 / Reuters

* European and Chinese stocks manage modest bounce* Beijing allows yuan to slip past 6.90 per dollar* US benchmark yields make fresh 7-year top, underpin dollar* Yen up on safety bid as risk appetite sours* Graphic: World FX rates in 2018* Asian stock markets*By Marc JonesLONDON, Oct 9 (Reuters) - European stocks were sucked back into the red on T...Read More

GLOBAL MARKETS-European stocks find footing after Asia drops to 17-month low

Oct 10, 2018 / Reuters

* European and Chinese stocks manage modest bounce* Beijing allows yuan to slip past 6.90 per dollar* US benchmark yields make fresh 7-year top, underpin dollar* Yen up on safety bid as risk appetite sours* Graphic: World FX rates in 2018* Asian stock markets*By Marc JonesLONDON, Oct 9 (Reuters) - Europe battled to fend off a four-day losing strea...Read More