Copper stocks Articles

Leading by leaving them to it

10 October 2018 / Staff reporter

Fatality at Serabi mine: NMBCapital markets"We have had some really positive surprises out of this process"LeadershipNew thinking carves out strong zinc position for Europa MetalsSPONSOREDeuropa metalsStoried past, future potential for Sierra RutileSPONSOREDsierra leoneGolf is, at its core, an individual game. Yes, we play with others - we socialise, we tell silly jokes and we eat a...Read More

"The future ... is going to be wide open"

10 October 2018 / Staff reporter

Vice chairman, president and CEO Richard Adkerson told Bloomberg if an opportunity arose to sell to another company that would be good for shareholders, "you would see us trying to get the best deal we can get as opposed to being a company where management is trying to protect itself".As the miner nears closure on a long-running negotiation with Indonesia over control of the massive Grasberg coppe...Read More

Government remains keen to find suitable new owner

10 October 2018 / Tom Azzopardi in Santiago

PolarX points to upsideSPONSOREDpolarx ltd Following a meeting in Lima today, the board of creditors agreed to give Samsel Group until their next meeting scheduled for November 20 to come up with the necessary US$139 million.If not, they will schedule final auctions for La Oroya and the Cobriza copper mine for April next year, an advisor to the workforce told Mining Journal on October 9. PolarX p...Read More

Record September quarter gives boost to expectations

10 October 2018 / Staff reporter

PolarX points to upsideSPONSOREDpolarx ltd Full-year guidance was increased to 39,000-41,000 tonnes copper from the previous 37,000-40,000t after Riotinto produced a record 11,055t of copper in the September quarter, up 3.5% year-on-year.The period was also the second straight quarter where output exceeded 10,000t, bringing the year-to-date production to 30,942t. PolarX points to upsideSPONSOREDp...Read More

Proxy adviser PIRC tells shareholders to oppose BHP Billiton's remuneration report

Oct. 9, 2018, 1:37 PM / Reuters Canada

Oct 9 (Reuters) - Proxy voting adviser PIRC has recommended that BHP Billiton shareholders oppose the mining company's remuneration report at its annual general meeting on Oct. 17."... the maximum potential award for the CEO under all incentive schemes is considered excessive as it can represent more than 200 percent of base salary. There are concerns over certain features of the LTIP which are no...Read More

Freeport CEO open to all options, even sale, after Grasberg

Oct. 9, 2018, 10:00 AM / Bloomberg News

With a resolution to Freeport-McMoRan Inc.'s Indonesian saga in sight, Chief Executive Officer Richard Adkerson says any strategic move is now possible, including acquisitions, partnerships, or even a sale of the entire company.With a package of agreements close to being sealed, the future, strategically for us, is going to be wide open, Adkerson said.Freeport is planning to remain an independent...Read More

Is the reign of Glencore's billionaire copper king near its end?

Oct. 9, 2018, 6:17 AM / Bloomberg News

Aristotelis Mistakidis is one of the world's most powerful commodity traders. For nearly 20 years, the brash, hyperactive Greek known to everyone simply as "Telis" has ruled over the global copper market, buying and selling enough of the red metal to supply every factory in the U.S. twice over.Today, the man who built Glencore's reputation in copper is facing tough questions about how he did it. M...Read More

UPDATE 9-Oil dips but bounces off low on hopes for demand boost from China stimulus

October 09, 2018 / Staff reporter

(Updates prices, adds commentary)By Collin EatonHOUSTON, Oct 8 (Reuters) - Oil prices almost fully recovered from a sharp drop on Monday, paring losses as investors bet China's economic stimulus moves would lift crude demand in the world's No. 2 economy.Traders sent global benchmark Brent crude tumbling below $83 per barrel early in the session after China's central bank on Sunday slashed lenders'...Read More

Indian shares snap three sessions of losses to close higher

October 09, 2018 / Staff reporter

* NSE index up 0.31 pct, BSE ends 0.28 pct higher* Reliance Industries (NS:RELI) top boost* Metals dragOct 8 (Reuters) - Indian shares snapped three sessions of losses and ended higher on Monday, after swinging between gains and losses through the day, as oil marketing companies continued to drive gains, while metal and some non-banking financial stocks dragged the investor sentiment.The Indian...Read More

REFILE-UPDATE 1-Oil drops 1 pct as U.S. considers granting some waivers on Iran crude sanctions

October 09, 2018 / Staff reporter

(Refiles to add 'UPDATE 1' to headline)* Recasts with 1 pct price drop* Analysts warn of limited spare capacity* Hedge funds cut bullish crude futures positions* U.S. oil drilling stalls: Henning GloysteinSINGAPORE, Oct 8 (Reuters) - Brent crude oil prices fell by more than 1 percent on Monday after Washington said it may grant waivers to sanctions against Iran's oil ex...Read More

Soaring Yields Terrify Stock Market Investors

Oct9, 2018 / MiningFeeds

The incredibly positive price action of many gold stocks relative to bullion continues to occur on days when bullion falls hard against the dollar, and when the stock market gets hit. That's impressive!Please click here now. Double-click to enlarge this key daily chart of GDX versus gold.There's a fabulous inverse head & shoulders bottom in play. I coined the phrase, "safehavenization of gol...Read More

Excelsior appeal to be dismissed

09 October 2018 / Staff reporter

PolarX points to upsideSPONSOREDpolarx ltd The company had advised in August that two appeals were lodged over its Class III underground injection control (UIC) area permit, but one had been withdrawn and it had been hopeful the second would not be successful.Excelsior said last week as part of the settlement, the company, Environmental Protection Agency and petitioners had submitted a joint stip...Read More

PolarX builds bigger, richer Zackly picture

09 October 2018 / Staff reporter

Arizona deal a sign of relaxed capital discipline?M&AAmerigo MVC plant ramp-up on courseSPONSOREDamerigo resources Frazer Tabeart: We feel that the acquisition of Pogo will ultimately serve to give Alaska a much higher profile with Australian investors.There was certainly a very positive response from Northern Star shareholders when the deal was announced. Assuming Pogo delivers, this will he...Read More

White Rock sets cracking Alaska pace in first field season

09 October 2018 / Staff reporter

Matthew Gill: Northern Star's recent acquisition of Sumitomo's Pogo gold mine, just 130km to our north-east, I think is further endorsement of the attractiveness of doing business in Alaska. Alaska is a top-10 Fraser Institute ranked jurisdiction, pro-development and supportive of mining, well endowed with tier-one mines and projects and support services, and significantly, under-explored, thus pr...Read More

Vale board set to approve $1 Billion copper mine expansion -sources

Oct. 8, 2018, 4:24 PM / Reuters

The board of Vale is close to approving a $1 billion expansion of its Salobo copper mine, two people familiar with the matter said, as the world's top iron ore miner seeks to diversify and take advantage of growing international demand for the metal.An email about the upcoming approval was sent internally last week, according to one of the people who was not authorized to discuss the matter public...Read More

Chile eyes new copper markets to shield economy from trade war

Oct. 8, 2018, 3:08 PM / Reuters Canada

Chile aims to find new copper markets and expand its lithium industry as it seeks to shield its economy from a U.S-.China trade war, the mining minister of the world's biggest copper producer said on Monday.Baldo Prokurica also told Reuters the South American nation was considering further opening up its copper and lithium mining industry to foreign investors to capitalise on the demand for both m...Read More

Hawkeye stakes new claims in Golden Triangle

Oct. 8, 2018, 11:43 AM / Editor

Hawkeye Gold & Diamond (TSX.V-HAWK) has claimed another 137 hectares at the company's McBride property in British Columbia's Golden Triangle.Following September's announcement that it had acquired 100% interest at McBride, a Phase 2 work program began October 7.The program will evaluate the historically reported high-grade copper mineralization from the "Breccia zone" on the newly staked claims. I...Read More

From Blenheim to BlackRock, here's why everyone's bullish about copper

Oct. 8, 2018, 10:25 AM / Bloomberg News

(Bloomberg) - As the metals world descends on London this week, it seems everybody has something in common: they're all copper bulls.Speaking ahead of the annual LME Week gathering that starts Monday, more than a dozen commodity-focused hedge funds, trading houses, producers, banks and brokers were almost unanimously positive on the near-term outlook for the metal used in pipes and wires. Metals s...Read More

Crude Oil Prices - Weekly Outlook: October 8 - 12

October 08, 2018 / Staff reporter - Oil traders are likely to stay focused on potential disruptions to global crude supplies in the upcoming week, as looming U.S. sanctions on Iran are widely expected to lead to a tighter market.The sanctions, which from November will include Tehran's oil exports, are being reinstated after U.S. President Donald Trump pulled out of the Iran nuclear deal earlier this year.Iran is the...Read More

Economic Calendar - Top 5 Things to Watch This Week

October 08, 2018 / Staff reporter - Global financial markets will focus on this week's U.S. consumer price data, which should give clearer signs on the pace of inflation and fresh hints on the frequency of Federal Reserve rate hikes through the end of the year.In addition to the CPI data, market players will also pay close attention to comments from a few Fed speakers this week for additional insight into the outlook...Read More