Copper stocks Articles

Relocation dispute to impact Toromocho expansion

05 February 2019 / Paul Harris

Alderan unlocking Frisco potentialSPONSOREDalderan resourcesThe Morococha Antigua residents won a victory last week in Junin's Superior Court that accepted their petition for preventative measures to impede the dismantling and destruction of some 34 hectares of urban area where the Toromocho openpit is due to expand.Chinalco began the US$1.4 billion Toromocho expansion in 2018. Pit expansion work...Read More

Accomplished mining executive Rob Atkinson to join Newmont as Chief Operating Officer

Feb. 4, 2019, 2:57 PM / Newmont Mining

Newmont Mining Corporation (NYSE: NEM) (Newmont or the Company) today announced that Rob Atkinson will succeed Tom Palmer as Executive Vice President and Chief Operating Officer, effective June 1, 2019. Tom Palmer, currently President and Chief Operating Officer, will remain President until he succeeds Gary Goldberg to become President and Chief Executive Officer. Last month, Newmont announced tha...Read More

Everything you need to know about VMS deposits

Feb. 4, 2019, 1:05 PM / Visual Capitalist

People are often not aware of where their most prized devices really come from.Phones, cars, and computers might not seem like the most natural objects. But the metals that make them come from natural processes deep in the earth's crust - processes that have been going on for 3.4 billion years, and continue to this day.Today's visualization comes to us from Foran Mining Corp. and goes in depth to...Read More

OceanaGold reports 2019 guidance and exploration budget

Feb. 4, 2019, 12:43 PM / Northern Miner Staff

OceanaGold Corp. (TSX: OGC; ASX: OGC) says its mines in the Philippines, New Zealand and the U.S. will produce a total of between 500,000 and 550,000 ounces of gold and 14,000 to 15,000 tonnes of copper this year at all-in sustaining costs ranging from US$850 and US$900 per oz. gold sold.In 2018 the company produced 533,300 ounces of gold and 15,000 tonnes of copper at AISCs of US$767 per oz. At H...Read More

First Quantum is said to offer $700m for Zambia mine

Feb. 4, 2019, 10:38 AM / Bloomberg News

First Quantum Minerals Ltd. has offered to buy the Zambian government's 20 percent stake in Africa's biggest copper mine for as much as $700 million, according to two people familiar with the transaction.Vancouver-based First Quantum already owns 80 percent of the Kansanshi mine in Zambia's North-Western Province, while state-owned ZCCM Investments Holdings Plc holds the rest. The proposal, which...Read More

Africa Mining Indaba: Dam safety, Zambia taxes, Ford on cobalt

Feb. 4, 2019, 9:39 AM / Bloomberg News

Executives, investors and government officials met in Cape Town at the African Mining Indaba, the continent's biggest gathering of one of its most essential industries.Key developments:Tailings dams in focus. All the big miners spoke about wanting to ensure the safety of their dams after the Vale's disaster in Brazil. Anglo American gave a surprising prediction that it wants to reach a point where...Read More

Vedanta says Anglo American stake buy meets Gov't criteria

Feb. 4, 2019, 3:16 AM / Cecilia Jamasmie

Vedanta, the London-listed natural resources company controlled by one of India's richest men, said Monday its foreign subsidiary Cairn India Holdings' $200 million investment in Anglo American (LON:AAL) met all governance requirements.The company, India's largest miner and No. 1 iron ore exporter, said the deal was made on an arms-length basis in December 2018, adding it provided "significantly h...Read More

Silver Outperforms Gold

Feb4, 2019 / Adam Hamilton

Silver recently started outperforming gold again, a watershed event. For long years this white metal has mostly lagged the yellow one, relentlessly battering silver sentiment. But gold surging into year-end 2018 finally sparked some life into moribund silver. This is a bullish sign, as silver has soared in the past once rising prices reach critical mass in attracting new investment capital. Si...Read More

Drill results compared to SolGold's at Cascabel

04 February 2019 / Staff reporter

Alderan unlocking Frisco potentialSPONSOREDalderan resourcesCortadera is located near Hot Chili's Productora and El Fuego ground, and features drill hits ranging from 90m grading 1% copper and 0.4 grams per tonne gold from 4m downhole, to 864m at 0.Read More

Platinum consolidation to follow gold

04 February 2019 / Staff reporter

The pressure on platinum miners is different to that in gold, though the outcome could be similar as the threat of a global rush into electric vehicles cuts demand for both platinum and its sisterRead More

Copper makes it easier to treat bone infection

Feb. 3, 2019, 10:36 AM / Valentina Ruiz Leotaud

Irish researchers found a way to treat osteomyelitis, a particularly difficult-to-treat bone infection, using copper.In a paper published in the journal Biomaterials, the scientists explain that the method they are using to treat the infection involves an implant designed specifically for bone repair into which they incorporate copper particles and bioactive glass.The study's first author Emily Ry...Read More

Rio Tinto to remain strong despite difficulties-report

Feb. 3, 2019, 8:30 AM / Editor

The outlook for Rio Tinto, the world's second largest miner by market capitalisation, is positive over the coming years, according to a new report by Fitch Solutions. Rio has the expertise and capital to develop the most lucrative and largest mines in the world, and the miner has achieved higher profits year-over-year in H118, despite cost inflation.Rio Tinto's performance will continue improving...Read More

Copper price rally halted by Chinese factory surprise

Feb. 1, 2019, 1:57 PM / Frik Els

January's copper price rally came to a screeching halt on Friday after a key gauge showed Chinese factory output shrinking at the fastest pace in almost three years.Copper for delivery in March slumped 3% compared to Thursday's close to a low of $2.7535 per pound ($6,070 a tonne) on the Comex market in New York.Source: Thomson Reuters Datastream. Graphic adapted from original by Vincent Flasseur a...Read More

Excelsior updates progress at Gunnison in situ project

Feb. 1, 2019, 12:26 PM / Canadian Mining Journal Staff

Excelsior Mining Corp. of Vancouver is developing the Gunnison in situ copper project in Cochise County for production beginning in Q4 2019. Work is progressing on all fronts.The Gunnison project has always been easily accessible. Thanks to the new road south of highway I10, the production wellfield is as well. The property has direct access to road, rail, power and water.Excelsior has five rigs o...Read More

Zambia fires CEO of state mining investment arm ZCCM-IH

Feb. 1, 2019, 9:44 AM / Reuters

Zambia has fired Pius Kasolo, the chief executive of state mining investment arm Zambia Consolidated Copper Mines Investment Holding (ZCCM-IH), Mines Minister Richard Musukwa said on Friday, without giving a reason.On Monday, Kasolo said the government should quickly resolve its tax row with mining companies to avoid hitting operations and ZCCM-IH dividends.Zambia, Africa's No.2 copper producer, i...Read More

Glencore keeps 2019 guidance after copper, cobalt output jumps

Feb. 1, 2019, 9:34 AM / Reuters

Miner and trader Glencore on Friday stuck to its 2019 production targets and said cobalt output last year soared 54 percent while copper rose 11 percent due to the restart of operations in the Democratic Republic of Congo.Production of cobalt, used in batteries for electric vehicles, reached 42,200 tonnes in 2018 while copper hit 1.453 million tonnes. Zinc output was mostly flat year-on-year at 27...Read More

Teck Resources flags fourth-quarter profit coming below estimates

Feb. 1, 2019, 3:25 AM / Cecilia Jamasmie

Teck Resources, (TSX:TECK.A | TECK.B)(NYSE:TCK), Canada's largest diversified miner, announced late on Thursday it expected fourth-quarter profits to be significantly below estimates, due to the low price of Canadian oil at the end of 2018, issues at its operations in Trail, B.C., and a decline in commodity prices.The Vancouver-based mining giant said all those factors combined, plus inventory val...Read More

Upside expected in both market, although volatility to remain

01 February 2019 / Staff reporter

Rhyolite Ridge PFS beats expectationsSPONSOREDioneerCEO Benedikt Sobotka said ahead of Mining Indaba that, although volatility in both markets was expected to continue,  the severe underinvestment in mining projects was set to drive up prices, asRead More

Glencore meets copper, coal guidance, beats cobalt

01 February 2019 / Staff reporter

Alderan unlocking Frisco potentialSPONSOREDalderan resourcesGlencore produced 1.Read More

EY appoints new global mining and metals leader

Jan. 31, 2019, 2:17 PM / Editor

EY has announced the appointment of Paul D. Mitchell as the new EY global sector leader for mining and metals.In his new role, Mitchell will be responsible for driving the EY mining and metals sector strategy, leading a network of over 5,000 industry professionals worldwide. He will focus on strategic thinking and digital transformation for clients, in this age of sector disruption. Mitchell will...Read More