Copper stocks Articles

Exaggerated gold demand claims

16 May 2019 / Staff reporter

White Gold Corp a force in Yukon as exploration drive reaps dividendsSPONSOREDwhite gold corpQuality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumAltech ticks boxes on path to production SPONSOREDaltech chemicals"It's not regulation that fails, it's [the industry] as engineers and operators"SPONSOREDsrk consultingMy Twitter feed alerted me earlier this mo...Read More

Tesla is turning rivals into roadkill - even in China

May. 15, 2019, 4:49 PM / Frik Els

Image by Brad Holt on FlickrElon Musk has no shortage of detractors - and judging by the tone struck by some of them, that's not nearly a strong enough word.Neither does the Tesla CEO have a shortage of short sellers and every so often long sellers get in on the action too. Bears turn bulls with gusto and bulls turn bears with alacrity.Musk frequently muddies the waters himself, making outlandis...Read More

Chile's Codelco strikes labor deal with supervisors at Salvador mine

May. 15, 2019, 11:23 AM / Reuters

State miner Codelco, the world's top copper producer, said on Wednesday that it had agreed on a new labor contract with the union of supervisors at its small Salvador mine in northern Chile.The union and company had entered into a government mediated negotiation earlier this month after supervisors rejected the company's previous offer and alleged that Codelco was putting undue pressure on its wor...Read More

Trump administration opens up Minnesota wilderness area to copper mining

May. 15, 2019, 11:15 AM / Reuters

The U.S. Interior Department on Wednesday renewed two mineral leases near the Boundary Waters Wilderness area in Minnesota, a key step in opening the popular wilderness and recreation area up to copper mining despite heavy opposition from local and national conservation groups.The department's Bureau of Land Management granted the hardrock mineral leases inside the Superior National Forest to Twin...Read More

Aurubis confirms bleak profit outlook on lean markets, shutdowns

May. 15, 2019, 9:42 AM / Reuters

Aurubis AG, Europe's largest copper producer, on Wednesday confirmed a reduced full-year earnings forecast on weak market environment and plant shutdowns, while posting a slump in its quarterly earnings.Aurubis expects operating pre-tax earnings (EBT) in its 2018/19 fiscal year to fall "significantly" by more than 15% compared with the previous year. The copper producer in February had forecast fu...Read More

Ivanhoe Mines secures full financing for first two mines in Congo

May. 15, 2019, 6:21 AM / Cecilia Jamasmie

Canada's Ivanhoe Mines (TSX:IVN) said Tuesday it's ready to start building its first two copper mines in the Democratic Republic of Congo and significantly advance a third project after partner Zijin Mining Group added an additional C$67 million (about $49m) into the Canadian company's coffers.Zijin, China's No.1 gold producer and Ivanhoe's partner in the now massive Kamoa-Kakula copper project in...Read More

Big U.S. Stocks' Q1 2019 Fundamentals

May 15, 2019 / Adam Hamilton

The U.S. stock markets sure feel inflectiony, at a major juncture. After achieving new all-time record highs, sentiment was euphoric heading into this week. But those latest heights could be a massive triple top that formed over 15 months. Then heavy selling erupted in recent days as the U.S.-China trade war suddenly went hostile. The big U.S. stocks just-reported Q1'19 fundamentals will help dete...Read More

Orvana squeaks out $3m profit in Q2, moves into Argentina

May. 14, 2019, 2:35 PM / Northern Miner Staff

Toronto-based junior miner Orvana Minerals (TSX: ORV) posted a relatively strong fiscal second quarter ended March 31, 2019, with good performance from its two operating mines: the Don Mario gold mine in Bolivia and the El Valle gold-copper mine in Spain.Orvana recorded net income of $3.3 million on $36 million in revenue during the past quarter, compared with a net loss of $3.5 million on $37 mil...Read More

Over 40% of minority shareholders of Turquoise Hill oppose independent directors

May. 14, 2019, 2:18 PM / Reuters

A large proportion of the minority shareholders in Rio Tinto Plc-controlled Turquoise Hill Resources voted against the re-election of the company's independent directors on Tuesday.While all seven directors were re-elected to the board, according to a Turquoise Hill filing, over 40% of Turquoise Hill's minority shareholders, including its second-biggest investor, Sailingstone Capital Partners, vot...Read More

Barrick Gold prepping sale of Zambian copper mine in H2

May. 14, 2019, 10:52 AM / Reuters

Barrick Gold Corp , the world's second largest bullion miner, is preparing its Zambian copper mine Lumwana for sale in the second half of 2019, looking to target Chinese buyers, three sources with knowledge of the matter said.Fresh from two major deals in recent months, Barrick has said it plans to shed $1.5 billion of less productive mines, which have little expansion potential.The sale of Lumwan...Read More

BHP to keep Nickel West, Rio looks to Jadar lithium for battery boom

May. 14, 2019, 10:00 AM / Reuters

Global miner BHP will hold on to the Australian nickel operations it previously put up for sale, while Rio Tinto is working on copper and lithium projects as the mining industry bets on demand for electric vehicle (EV) batteries.The biggest mining companies say they are well positioned to provide the metals needed for the shift to EV technology, although they acknowledge the political risks and en...Read More

White Metal to purchase four copper properties in Namibia

May. 14, 2019, 6:51 AM / Staff

White Metal Resources (TSXV: WHM) announced that it entered into two binding letters of intent to purchase a 95% interest in certain prospective copper properties in Namibia.In a press release, the miner said that the two LOIs refer to four Exclusive Prospecting Licences that cover historical copper-silver resources in the Kalahari Copper Belt and the Kaoko Belt, and prospective targets for furthe...Read More

Peru and Mexico metals producer wants to put horrible Q1 behind it

14 May 2019 / Staff reporter

Altech ticks boxes on path to production SPONSOREDaltech chemicalsSierra said EBITDA of US$12 million in Q1 2019 compared with $27.4 million in 2018, and operating cash flow shrunk from $27.4 million in the first three months of 2018 to $11.8 million. Revenue from copper, zinc, lead, gold and silver output was down from $61.7 million to $49.2 million year-on-year as lower metal prices compounded p...Read More

OZ lifts Cloncurry exposure

14 May 2019 / Staff reporter

Altech ticks boxes on path to production SPONSOREDaltech chemicalsOZ recently reached a 70% stake in the Eloise joint venture ground by spending A$10 million and has now agreed to loan-carry minority partner Minotaur to commercial production for an additional 10% ofRead More

Investors don't need reminding of our failures

14 May 2019 / Staff reporter

White Gold Corp a force in Yukon as exploration drive reaps dividendsSPONSOREDwhite gold corpQuality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumAltech ticks boxes on path to production SPONSOREDaltech chemicals"It's not regulation that fails, it's [the industry] as engineers and operators"SPONSOREDsrk consultingI am of an age where death, while not quit...Read More

Copper, nickel, zinc prices sink on China car sales, trade war

May. 13, 2019, 3:39 PM / Frik Els

The price of copper dropped to a 15-week low on Monday after China fired back in the mounting trade war with the US. In afternoon trade, copper for delivery in July touched $2.709 a pound ($5,972 a tonne), down 2.4% from Friday's settlement.China will match 25% tariffs on $60 billion of goods imported from the US including precious stones like diamonds, rubies and emeralds, iron ore, and nickel, z...Read More

FEATURE: Mining for Millennials

May. 13, 2019, 3:15 PM / Editor

It has been said there is a massive paradigm shift going on in the world - a shift that is only slightly perceptible to some - but one that is already revolutionizing the mining industry. Picture an image of a city block at the turn of the 20th century. Horse-drawn carriages fueled by grass and hay were the main method of transportation on dirt roads during the agricultural era. Fast forward a c...Read More

Volkswagen to make batteries in Germany, slim down

May. 13, 2019, 3:05 PM / Reuters

BERLIN - Volkswagen will invest almost 1 billion euros ($1.1 billion) in battery cell production at a facility in western Germany and is seeking to simplify the group by spinning off or selling units, the automaker said on Monday.Volkswagen said in a statement after a supervisory board meeting it would set up the battery facility in Lower Saxony under a partnership and would also begin talks on a...Read More

A bumpy ride for British Columbia's largest mining companies

May. 13, 2019, 2:46 PM / Albert Van Santvoort

British Columbia's top mining companies have been on a roller-coaster ride over the past five years, according to data compiled for Business in Vancouver's Biggest Mining Companies in B.C. list.In 2015, Teck Resources Ltd. (TSX:TECK.B) (No.1 on BIV's list) and Goldcorp Inc. (TSX:G) (No. 2) suffered massive declines in net income.Teck's net income fell by $2.87 billion to $2.48 billion in the red f...Read More

JX Nippon Mining appoints new president, sets out long-term vision

May. 13, 2019, 9:17 AM / Reuters

Japan's JX Nippon Mining & Metals, a mining and smelting unit of JXTG Holdings Inc, said on Monday that Seiichi Murayama, senior executive officer, will become its new president on June 26, replacing the current president Shigeru Oi.Under a long-term vision through 2040 announced on Monday, JX Nippon Mining aims to transform itself into a company focusing on advanced materials from a company cente...Read More