Copper stocks Articles

CAT sales show mining slump only getting worse

Mar. 18, 2016, 3:09 PM / Frik Els

With sales and operations at the ends of the earth, few companies are in a better position to take the pulse of the global economy and the resource sector in particular than Caterpillar.The world's number one heavy equipment manufacturer has been hit hard by the decline in mining and construction - sales are down more than $20 billion from its peak just four years ago after a drop of over $8 billi...Read More

Kigali forum discusses keys to unlocking Africa's economic potential

Mar. 18, 2016, 1:56 PM / Africa Media Agency

ATF 2016 closes by launching innovative Coalition for African Transformation(Matthew Rees, Richard Sezibera, Richard Newfarmer and Eveline Herfkens (from left to right) at the ATF 2016 breakout session on "Facilitating Trade and Regional Integration")ACCRA, Ghana, -/African Media Agency (AMA)/- The African Transformation Forum (ATF), held from 14-15th March in Kigali, Rwanda, concluded with the of...Read More

Glencore closer to selling Lomas Bayas copper mine in Chile

Mar. 18, 2016, 3:16 AM / Cecilia Jamasmie

Mining and commodities giant Glencore (LON:GLEN) is getting closer to selling its Lomas Bayas copper mine in Chile's Atacama Desert, after receiving at least two significant offers for the asset, local media reports.According Diario Financiero (in Spanish), the bidders include former Barrick Gold CEO Aaron Regent's company - Magris Resources -, and Chilean energy firm Copec.Bidders include former...Read More

Largest mining equity rally in years built on shaky foundations

Mar. 18, 2016, 12:10 AM / Reuters

The biggest rally for mining company shares since 2009 risks fizzling out as gains have largely been driven by funds reversing bets on lower prices rather than long-term investors looking for value.The benchmark FTSE 350 mining index, which tracks the performance of the UK's 11 biggest listed miners, is up 26 percent this year, the biggest quarterly gain since September 2009, and marking a revival...Read More

March mining madness as copper, iron ore prices rebound

Mar. 17, 2016, 4:58 PM / Frik Els

March madness reached the commodities markets on Thursday as investors piled into the mining sector on the back of a jump in the copper price and a renewed iron ore rallyOn the Comex market in New York copper for delivery in May climbed as much 2.8% to $2.2925 a pound or some $5,050 a tonne. It's the highest closing value since November 4 and the red metal is now up more than 18% from a six-year...Read More

PDAC 2016: Talking geological due diligence with Keith Laskowski, VP Technical Services, Sandstorm Gold

Mar. 17, 2016, 10:35 AM / Andrew Nelson

MINING.com joined Keith Laskowski, Vice President of Technical Services for Sandstorm Gold at PDAC 2016. Mr. Laskowski has over 35 years in the mining industry working as a specialist in resource evaluation. He's visited over 60 countries and 100's of projects to determine if there is value in the ground. Formerly, he was the Principal Mining Specialist for the World Bank- International Finance Co...Read More

Glencore says all seven workers dead after Katanga mine accident in Congo

Mar. 17, 2016, 7:10 AM / Cecilia Jamasmie

The seven miners that went missing last week after a "geotechnical failure" led to landslide at Glencore's (LON:GLEN) Katanga Mining operation in the Democratic Republic of Congo are now considered dead.The company, which has so far recovered three bodies from the site, said Thursday it has officially ended the search for the other four following a 10-day effort.Operations were halted last year, b...Read More

Goodbye Sam Walsh: Rio names copper boss as new CEO

Mar. 17, 2016, 3:59 AM / Cecilia Jamasmie

In an unexpected announcement, mining giant Rio Tinto (ASX, LON, NYSE:RIO), the world's second largest miner, said Thursday its chief executive, Sam Walsh, would retire on July 1 and that Jean-Sbastien Jacques, the copper and coal division boss, would take the reins of the company.Walsh, who has led the Anglo-Australian group since 2013 and overseen a cost-cutting drive as the mining sector faces...Read More

British Columbia native land claims continue to conflict with mineral rights

Mar. 15, 2016, 4:50 PM / Business In Vancouver - Nelson Bennett

McMillian LLP Lawyer Robin Junger, who specializes in aboriginal land claims, sorting through maps in his Vancouver Office l Chung ChowSettling native land claims is ostensibly supposed to bring some certainty to land-use questions in B.C.But two recent decisions by the provincial government are creating even more uncertainty for mining and mineral exploration in B.C. and sending a negative signal...Read More

PDAC 2016: Interview with President of McEwen Mining Colin Sutherland

Mar. 14, 2016, 3:43 PM / Andrew Nelson

MINING.com correspondent, Andrew Nelson, interviews the newly appointed President of McEwen Mining, Colin Sutherland, at the most anticipated mining conference of the year, PDAC 2016 in Toronto. Mr. Sutherland has over 20 years of financial and operating experience in the gold mining industry and most recently was the CEO of Archipelago Resources growing it to a 200,000 ounce gold producer. He als...Read More

Anglo American CEO's pay fell 8% in 2015

Mar. 14, 2016, 12:58 PM / Andrew Topf

The pain at Anglo American (LSE:AAL) has finally reached the corner office.Today the struggling mining major with roots going back more than a hundred years to South Africa's gold and diamond fields, said CEO Mark Cutifani's total pay last year fell 8 percent, from 3.7m to 3.4m. The Australian, who joined Anglo in 2013 replacing Cynthia Carroll, also saw his bonus plummet by almost 40 percent, f...Read More

Big Mac barbecued with molten copper

Mar. 13, 2016, 4:42 PM / Andrew Topf

Youtube user Tito4re is causing quite a sensation with his latest stunt, pouring molten copper on a Big Mac.In the video, liquid copper which has a melting point of 984 F or 1,085 C, is ladled onto the legendary hamburger, then pulled apart by a set of metal tongs as it slowly disintegrates. The video has so far earned 783,428 views.Hat tip: Mashable Read More

Nautilus Seafloor Production Tools arrive in Oman

Mar. 11, 2016, 8:20 AM / Nautilus Minerals Inc.

Toronto Ontario, March 11, 2016 - Nautilus Minerals Inc. (TSX:NUS, OTCQX:NUSMF, OTC:NUSMF Nasdaq Intl Designation) (the "Company" or "Nautilus") announces, on behalf of the Solwara 1 Joint Venture (comprising Nautilus 85% and Eda Kopa (Solwara) Limited 15%, a subsidiary of Petromin Holdings PNG), that the three Seafloor Production Tools ("SPTs") have arrived safely at Duqm Port in Oman.The three S...Read More

Death toll at Glencore's Katanga mine in Congo climbs to 3

Mar. 10, 2016, 9:00 AM / Cecilia Jamasmie

The death toll from a landslide at Glencore's (LON:GLEN) Katanga Mining operation in the Democratic Republic of Congo climbed Thursday as a third body was recovered from the pit.The search for the remaining four missing individuals continues with "all available resources," Glencore said in a statement.Seven workers went missing Tuesday after a "geotechnical failure" led to the collapse of the nort...Read More

Congo government urged to pass new mining code

Mar. 10, 2016, 3:44 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, needs the higher revenues the 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 the state's free share of new mining pr...Read More

First Quantum sells nickel-copper-platinum mine in Finland for $712 million

Mar. 10, 2016, 2:30 AM / Cecilia Jamasmie

Canada's First Quantum Minerals (TSX:FM) (LON:FQM) said Thursday it is selling its nickel, copper and platinum-group metals Kevitsa mine in Finland for $712 million to Boliden AB, as part of ongoing efforts to reduce debt.The Swedish mining and smelting company will pay cash for the mine that has nickel, copper and platinum-group metals, subject to customary adjustments, First Quantum said. The sa...Read More

Nunavut board allowed mining exploration on Bathurst caribou calving grounds

Mar. 10, 2016, 12:10 AM / CBC News

A second exploration company is making plans to work inside Nunavut's caribou calving grounds - this time on the range of the dwindling Bathurst herd.And once again, it happened with the approval of the Nunavut Impact Review Board, and against the advice of the N.W.T. government.Last spring Tundra Copper sought, and received, permission to search for copper on the Bluenose East calving grounds.Rea...Read More

KGHM, Sumitomo face fine, licence withdrawal over environmental breaches in Chile

Mar. 9, 2016, 11:00 PM / Cecilia Jamasmie

Chile's environmental watchdog has pressed charges against Sierra Gorda SCM, firm jointly owned by Poland's KGHM Polska Miedz and Japan's Sumitomo Metal Mining, saying it was found guilty of committing nine environmental infractions.KGHM could face fines and have the licence for its Sierra Gorda mine revoked.According to the Superintendence for the Environment (SMA), the "serious" to "mild" breach...Read More

PDAC 2016 Convention exceeds 22,000 attendees

Mar. 9, 2016, 2:17 PM / PDAC

Toronto, - Optimism and opportunity abounded at the PDAC 2016 Convention of The Prospectors & Developers Association of Canada in spite of recent industry challenges, indicating a positive shift in sentiment amongst the industry's key players.A clear sense of industry confidence was evident as more than 22,000 attendees from more than 100 countries gathered at the annual PDAC convention where inv...Read More

In-situ copper leaching is a proven technology

Mar. 9, 2016, 9:43 AM / Gary Sutton

It was recently reported in the Financial Post that in-situ leaching of copper is an unproven technology. After personally spending 5 years working at the in-situ copper leaching operation at San Manuel, Arizona I can state that it has definitely been proven. I believe a little history is required to understand this technology since it is not widely known.In-situ leaching itself is not a new tec...Read More