Copper stocks Articles

Glencore closes another zinc mine

Oct. 31, 2016, 1:03 AM / Frik Els

Looking south east over the Black Star Open Cut pit towards Glencore Mount Isa Mines surface infrastructure and the city of Mount IsaApart from steelmaking raw materials iron ore and coking coal, zinc is the best performing mined commodity in 2016. Trading at $2,374 a tonne, the metal is up 47% year to date.Zinc's prospects brightened considerably after the shutdown of two major mines last year -...Read More

Anglo American plots 2bn South African mines spin-off

Oct. 30, 2016, 4:24 PM / The Telegraph

Anglo American is sounding out investors about a multi-billion pound spin-off of its South African operations in an attempt to pacifiy growing pressure from its biggest shareholder to consider a radical break-up.The FTSE-100 giant, which wants to focus on diamonds, platinum and copper, is looking at packaging up its "non-core" thermal coal and iron ore assets in South Africa as it moves into the s...Read More

Activists urge Congo government to pass new mining code

Oct. 28, 2016, 9:45 AM / Cecilia Jamasmie

Activists in the Democratic Republic of Congo are pressing the government to revive plans for a new mining code, claiming the country, which is Africa's top copper producer and the world's largest source of cobalt, needs the higher revenues a revised legislation would generate.Congo began reviewing the 2002 mining code in 2012 and last year it proposed hiking profit taxes to 35% from 30%, raising...Read More

New PEA for Seabridge's KSM is a game-changer

Oct. 28, 2016, 5:05 AM / The Gold Report

"We believe Seabridge provides investors with ownership in one of the most strategically compelling and prolific coppergold projects in the world, the KSM project in BC, at one of the lowest market caps per ounce to the investor," analyst Don MacLean wrote in an Oct. 26 research report on Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT).Seabridge announced the new PEA for KSM in an Oct. 6 press release....Read More

$50 trillion in new investment needed to match global energy demand in next 20 years: Rio Tinto director

Oct. 28, 2016, 2:00 AM / Field Public Relations

Global energy markets will need around $50 trillion in new investment to fund expected growth in energy demand over the next two decades, according to one of Australia's pre-eminent business and industry experts.Such investment would be needed to fund an energy market expected to grow by 40% through until 2035 - with that higher consumption continuing to rely in part on baseload fossil fuels.The f...Read More

Vale board OK's sale of fertilizer unit - report

Oct. 27, 2016, 7:03 AM / Cecilia Jamasmie

The board of directors at Brazilian mining giant Vale (NYSE:VALE), the world's largest iron ore producer, has approved the sale of the firm's fertilizer business, amid a global oversupply of potash that has caused prices to tumble in the past year, leading to layoffs and mine closures across the sector.With the deal, Vale is expected to fetch about $ 3.5 billion.According to local newspaper Valor...Read More

Coal rally, cost cuts help Teck Resources swing to profit

Oct. 27, 2016, 5:30 AM / Cecilia Jamasmie

Canada's largest diversified miner, Teck Resources (TSX:TCK.B) (NYSE:TCK) logged Thursday better-then-expected quarterly revenue thanks mainly to a sustained rally in coking coal as well as the firm's cost-cutting measures implemented in the three months to Sept. 30The Vancouver-based company, the best-performing Canadian stock in seven years, swung to a profit of Cdn$234 million ($174.9 million),...Read More

Canyon uranium mine may hold vast amounts of copper - report

Oct. 27, 2016, 4:00 AM / Cecilia Jamasmie

Energy Fuels Resources resumed shaft sinking operations at Canyon Mine in November last year. (Image courtesy of US Forest Service)Canada's Energy Fuels (NYSE MKT: UUUU; TSX: EFR), the largest conventional uranium producer in the US, has discovered high-grade copper at its Canyon project in northern Arizona, which is already the highest grade uranium mine being developed in the country.With this...Read More

The mania for cobalt has begun

Oct. 27, 2016, 3:39 AM / Palisade Research

The price of cobalt is set to double.The electric vehicle revolution will continue to reinforce the unquenchable demand for cobalt.Cobalt is primarily a by-product of nickel and copper mining and subject to extreme jurisdictional risk.Combine the growing supply-demand deficit with an unstable supply chain, you have the perfect recipe for the most extreme bull market within the mining sector in the...Read More

First Quantum Q3 results coming October 27

26 Oct 2016 10:51 / Staff reporter

The copper miner boosted production massively year-on-year in the first six months of 2016, producing 250,636 tonnes, compared to 191,850t the first half of 2015. The lower-level copper production guidance for 2016 is 515,00t. During the quarter, prices have remained flat, in between $4,600/t and $4,800/t.First Quantum, which is majority owner of Africa's biggest copper mine Kinsashi, will publish...Read More

Mick Davies' X2 Resources fails to deliver, frees investors from commitments

Oct. 26, 2016, 4:45 AM / Cecilia Jamasmie

Mick Davis' X2 Resources, the mining fund once touted as the driver of much-needed investment into the mining industry during the worst of the commodities price rout, has freed investors from their financial commitments after failing to score any deals in three years.Relatively high assets valuations and an investor veto on deals frustrated Davis and his team in their search for mining bargains. R...Read More

Owner of world's largest gold project just hit the jackpot again

Oct. 26, 2016, 3:36 AM / Cecilia Jamasmie

Canada's Seabridge Gold (TSX:SEA) (NYSE:SA), the company behind the massive KSM project in northern British Columbia, considered the world's largest undeveloped gold-copper project by reserves, has just identified a large, untested target at another of its ventures in the region.Exploration at Seabridge Gold's 100%-owned Iskut project, which shares geological similarities with KSM, has revealed a...Read More

Zijin, Shandong go after Barrick Gold's Veladero mine in Argentina

Oct. 25, 2016, 11:30 AM / Cecilia Jamasmie

China's Zijin Mining Group and Shandong Gold Mining are said to be among the firms that have recently approached Canada's Barrick Gold Corp (TSX, NYSE:ABX) with the intention of buying a 50% stake in one of its Argentine mines.The potential sale of a 50% stake in Veladero mine could fetch Barrick more than $1 billion.According to sources familiar with the matter quoted by Reuters, both Asian miner...Read More

Botswana Diamonds finds octahedron in sample material at Orapa

Oct. 25, 2016, 7:58 AM / Cecilia Jamasmie

Shares in London-listed Botswana Diamonds (LON:BOD) climbed nearly 3% Tuesday after the company announced the discovery of a 1mm octahedron-shaped diamond while prospecting at Orapa.The company, which began exploring the area in March this year, said that specialists from its joint venture partner Alrosa are in the midst of reanalyzing 80 tonnes of samples that were sent to a processing facility i...Read More

Anglo American soars on positive production report

Oct. 25, 2016, 6:42 AM / Cecilia Jamasmie

Shares in Anglo American (LON:AAL), the world's number five diversified miner, were up more than 5% Tuesday afternoon as investors cheered the company's third quarter results, which saw the firm increasing output across all divisions, except for copper.Anglo, which is in the process of selling off mines and slimming down its portfolio, said production of diamonds, its largest underlying earnings d...Read More

Callinex trades higher after Rick Rule invests $5M

Oct. 25, 2016, 4:04 AM / Michael Allan McCrae

Zinc junior Callinex Mines (CVE:CNX) is up 10% to 54 cents after Resources Funds Capital acquired 18% of the company for $5 million."Callinex has signed a term sheet with Sprott for a $5m private placement. A fund managed by Rick Rule will be a lead order in the financing," said Callinex Mine's CEO Max Porterfield in a news release.The funds will be used for exploration at the newest discovery at...Read More

Caterpillar axes sales forecast, warns factors depressing orders could linger

Oct. 25, 2016, 3:34 AM / Cecilia Jamasmie

Shares in world's largest heavy machinery maker Caterpillar (NYSE:CAT), the best-performing industrial stock so far this year, were slightly down in pre-market trading Tuesday after the firm's reported revenue that fell short of estimates and lowered its full-year guidance.The Peoria, Illinois-based reported earnings, adjusted for non-recurring costs, of 85 cents per share on revenue of $9.16 bill...Read More

Man drinks sodium cyanide

Oct. 25, 2016, 2:35 AM / Michael Allan McCrae

YouTuber CodyDon mixes a well-diluted dose of sodium cyanide, drinks it and suffers minor effects.The video is a good primer on sodium cyanide, an important mining agent."In case you are wondering the sodium cyanide tastes a bit like baking soda but smells like roasted almonds or crushed apple seeds; So now you dont have to try it yourself," writes CodyDon in the video description.Video is for edu...Read More

Antofagasta Q3 results: October 26

24 Oct 2016 20:31 / Staff reporter

Hit by lower grades than expected at Centinela in the first half of 2016 and a production drop at Los Pelambres, the company will fall below the year's low-end guidance of 710,000 tonnes despite improvement in production. RBC estimates Antofagasta will reach 181,000t for the September quarter, a 9%-increase over the previous quarter. This is "due to better sequential performance at Centinela - hi...Read More

Nevada Mining Exploration battered by withdrawals, sage grouse, bonding hikes

Oct. 24, 2016, 11:15 AM / Dorothy Y. Kosich

RENO, Nevada-A gathering storm of proposed federal land withdrawals including proposed sage grouse habitat, as well as stiffer mining bonding requirements under consideration by federal regulators is wreaking havoc on dwindling U.S. exploration programs.During the annual general meeting of the Nevada Mineral Exploration Coalition (NVMEC) in Reno this week, several speakers urged that independent a...Read More