Copper stocks Articles

Gold Prices Top 4-Month High as Dollar Continues to Slide

Dec 05, 2018 / Investing.com

Investing.com - Gold prices rose to nearly a five-month high on Tuesday as a continuing decline in the dollar boosted foreign demand for the precious metal, while investors shift attention to the next Federal Reserve policy meeting.At 9:49 AM ET (14:49 GMT), gold futures for February delivery on the Comex division of the New York Mercantile Exchange gained $6.20, or 0.50%, to $1,245.50 a troy ounc...Read More

Sterling rally weighs FTSE 100 down as Brexit and growth anxieties dominate

Dec 05, 2018 / Reuters

(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 down 0.4 pct, FTSE 250 down 0.3 pct* Top EU court advisor says Brexit could revoke Article 50* Thomas Cook (NS:THOM) sinks 15 pct to 6-year lowBy Helen ReidLONDON, Dec 4 (Reuters) - Concerns about growth, doubts about a U.S.-China trade truce, and a rising pound drove Britain's top stock index down on Tuesday.The FT...Read More

Inventories at record lows for many commodities

05 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 2018SPONSOREDmicromineSpeaking at its investor day on Monday, CEO Ivan Glasenberg said inventories for a lot of metals were at or near reco...Read More

Wealth Minerals scores Chile copper coup

05 December 2018 / Staff reporter

New entity Wealth Copper would up the stakes for shareholders on "the global energy consumption paradigm shift" to capitalise on a forecast positive global copper market outlook, CEO Henk Van Al...Read More

Bank says metals headwinds could get gusty

05 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 2018SPONSOREDmicromine"While we remain modestly positive on commodities, differentiation is essential, and three macro downside risks stand...Read More

ISS, Glass Lewis okays Hudbay's Mason buy

05 December 2018 / Staff Reporter

According to a statement by Vancouver-based Mason on Tuesday, both proxy advisory firms cited the strong strategic rationale for the arrangement, the significant premium, certainty of value from the cash consideration, and favourable market reaction as factors supporting their positive recommendations.Mason (TSX:MNR) shareholders will vote on the deal during a special meeting scheduled for De...Read More

Taseko scoops up US$11.4M BC copper buy

05 December 2018 / Staff Reporter

Yellowhead owns the Harper Creek copper-gold-silver project in British Columbia, where the company already operates the Gibraltar mine.CEO Russell Hallbauer said Yellowhead was being acquired at a cost of "half a penny per pound of copper" in the reserve base. The project holds proven and probable reserves of 3.6 billion pounds of recoverable copper, accompanied by 370,000 ounces gold and 15.6Moz...Read More

Taseko to buy out Yellowhead Mining

Dec. 4, 2018, 3:08 PM / Canadian Mining Journal Staff

BRITISH COLUMBIA - Vancouver's Taseko Mining has made an all-share offer for Yellowhead Mining of Calgary that values the smaller company at $15.1 million. Taseko proposes to acquire all the issued and outstanding Yellowhead shares by issuing approximately 1.15 Taseko shares for each share of Yellowhead.Yellowhead is the owner of the Harper Creek copper-gold-silver project about 90 km from Kamloop...Read More

VW says last generation of combustion engines to be launched in 2026

Dec. 4, 2018, 1:11 PM / Reuters

WOLFSBURG - Volkswagen's strategy chief said on Tuesday the German carmaker's core brand will develop its final generation of vehicles using combustion engine technology in 2026.Volkswagen made a strategy shift toward battery-driven vehicles in the wake of a damaging diesel-emissions cheating scandal in 2015, which forced the carmaker to pay more than 27 billion euros in fines for hiding excessive...Read More

Serbia's mining sector could contribute 5% of national output by 2023- minister

Dec. 4, 2018, 11:12 AM / Reuters

BELGRADE - Serbia's mining industry could expand to 5 percent of national output by 2023 if foreign investors keep commitments to plough millions of dollars into copper and lithium production, its mining minister said.The sector currently accounts for 1 percent of Serbia's gross domestic product. But since 2000, when a decade of isolation of the former Yugoslavia ended, more than 40 foreign compan...Read More

Glasenberg eyes successor as Glencore readies new generation

Dec. 4, 2018, 10:38 AM / Bloomberg News

Ivan Glasenberg said there will be a generational shift at the top of Glencore Plc over the next few years, suggesting a period of upheaval for the world's largest commodity trader that's unprecedented in its short history as a public company.Glasenberg said he's actively looking for the next chief executive and plans to retire in the next three to five years. He also announced the retirement of t...Read More

Copper deals to get elusive after Teck's $1.2 billion sale

Dec. 4, 2018, 9:15 AM / Bloomberg News

The global hunt for high-quality, low-risk copper assets that are ready for construction is about to get tougher after Teck Resources Ltd. sells a stake in one of the few deals available.Sumitomo Corp. and Sumitomo Metal Mining Co. agreed to pay $1.2 billion for 30 percent of the Compaia Minera Teck Quebrada Blanca SA project in northern Chile. The mine, which will require an estimated investment...Read More

Miramont gets green light to start drilling at Peruvian project

Dec. 4, 2018, 7:00 AM / MINING.com Staff

Following a very detailed process, Miramont Resources (CSE: MONT) finally received a drilling permit for its Cerro Hermoso project in southern Peru. The permit was granted after a series of assessments conducted by the Peruvian Ministry of Energy and Mines -known as MEM- to determine if Indigenous groups could be affected by the Canadian miner's activities. "We are very happy to begin our drill pr...Read More

Teck chooses Sumitomo to develop Chilean copper project in $1.2B deal

Dec. 4, 2018, 3:12 AM / Cecilia Jamasmie

Teck Resources (TSX:TECK.A | TECK.B)(NYSE:TCK), Canada's largest diversified miner, has chosen Japan's Sumitomo as partner to go ahead with a planned $4.8 billion expansion of the Quebrada Blanca copper mine in northern Chile.Sumitomo Metal Mining and Sumitomo Corporation will pay $1.2 billion to Teck for a 30% stake in the Quebrada Blanca Phase 2 project - $800 million earn-in contribution and $4...Read More

Gold Stocks: Twin Technical Turbos

Dec4, 2018 / Stewart Thomson

December 4, 2018 The double bottom is the world's most stressful chart pattern. It forms after a significant price decline. The first low in the pattern creates substantial panic and fear in most investors.The second low in the pattern is "softer", but no less dangerous to emotionally vulnerable investors. The volume is generally weak and the price action makes investors feel like they are in som...Read More

Full construction of Quebrada Blanca phase 2 project approved

04 December 2018 / Staff reporter

Sumitomo Metal Mining and Sumitomo Corporation will pay US$1.2 billion for a third of Teck's 90% interest through a jointly held entity, with the payment to be split between a $800 million earn-...Read More

"We are already seeing the benefits of improved recoveries"

04 December 2018 / Staff reporter

PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedThe company expects to increase its copper production from about an anticipated 150,000 tonnes this financial year to 285,000t in FY2021.However FY2019's cobalt guidance was revised downwards by 8,000t to 26,000t, to reflect the cobalt debottlenecking plant ramp-up and "associated expected shorter-term recoveries".PolarX builds big...Read More

Major exploration success a welcome surprise

04 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 2018SPONSOREDmicromineSadly, the price one must pay for being able to say "I told you so" when proven right, is to also take it like a man...Read More

"It's clear the groups that remain at large are targeting extractives companies"

04 December 2018 / MIning Journal

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 2018SPONSOREDmicromineThe demobilisation of the FARC guerrilla group has lowered the overall terror threat in Colombia but the risk to reso...Read More

"It's clear the groups that remain at large are targeting extractives companies"

04 December 2018 / MIning Journal

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 2018SPONSOREDmicromineThe demobilisation of the FARC guerrilla group has lowered the overall terror threat in Colombia but the risk to reso...Read More