Copper stocks Articles

Chile's Supreme Court casts shadow over Barrick's plans to restart Pascua-Lama

Mar. 15, 2017, 8:32 AM / Cecilia Jamasmie

Plans by Barrick Gold (TSX, NYSE:ABX) to revive its Pascua Lama gold, silver and copper project straddling the border between Chile and Argentina may once again be postponed after Chile's Supreme Court revoked this week a temporary closure permit granted by the country's mining regulator Sernageomin in 2015.Such decision sought to relax certain requirements for Barrick to obtain a new environmenta...Read More

"It's difficult to be able to hope for a conversation in the short term"

15 Mar 2017 8:19 / Staff reporter

Escondida mine president Marcelo Castillo told a news conference in Antofagasta yesterday work would resume in two areas of the mine unrelated to current talks, Reuters reported."We hope that in some way opportunities for dialogue come about ... but with the posture that we saw yesterday [from the union] and that all of you saw yesterday, it's difficult to be able to hope for a conversation in the...Read More

Escondida mine to resume operations as BHP losses soar past $700 million

Mar. 15, 2017, 4:35 AM / Cecilia Jamasmie

World's largest miner BHP Billiton (ASX, NYSE:BHP) (LON:BLT) has lost about $712 million due to an already 35-day-long strike at its Escondida copper mine in Chile, based on the main union's estimates, but the company is about to put an end to the stoppage.According to the mine's president, Marcelo Castillo, the firm is currently analyzing its legal alternatives to resume work at the world's large...Read More

UPDATE 2-UK Stocks-Factors to watch on March 15

Mar 15, 2017 / Reuters

(Adds company news item)March 15 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 13 points on Wednesday, according to financial bookmakers, with futures FFIc1 up 0.1 percent ahead of the cash market open.* LLOYDS: The British government has reduced its stake in Lloyds Banking Group LLOY.L to just below 3 percent, putting the lender on track to be back in private ownership within the...Read More

UK Stocks-Factors to watch on March 15

Mar 15, 2017 / Reuters

March 15 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 13 points on Wednesday, according to financial bookmakers.* ASTRAZENECA: AstraZeneca's AZN.L ovarian cancer drug Lynparza slashed the risk of disease progression in a closely watched clinical trial, boosting its profile against rivals within the novel PARP inhibitor drug class. BHP BILLITON: The Escondida copper mine in Chile p...Read More

SMM Evening Comments (Mar 15)

Mar 15 2017 / Staff reporter

SHANGHAI, Mar 15 (SMM) – Nonferrous metals slid across the board today as zinc led losses with a drop of more than 1%. Nickel fell 0.8%, tin dipped 0.7% and copper edged down.The ferrous complex saw some gains today as coking coal rose 1.6%. Rebar, hot-rolled coil, and iron ore gained over 1%, and coke inched up.Copper: The SHFE 1805 contract slumped after it reached a high of 52,400 yuan/mt...Read More

Macro Roundup (Mar 15)

Mar 15 2017 / Staff reporter

SHANGHAI, Mar 15 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightAs the euro dipped, the US dollar index rebounded and hovered around 89.7 overnight while most base metals climbed up. The growing number of cancelled warrants drove LME nickel to hit a two-week high. LME and SHFE zinc dropped about 2% as inventories grew.China’s tota...Read More

SMM Morning Comments (Mar 15)

Mar 15 2017 / Staff reporter

SHANGHAI, Mar 15 (SMM) –Copper: After it gained support at the five- and 10-day moving averages, LME copper is expected to hit and test the 20-day moving average in the short term. Prices are seen at $6,980-7,030/mt today. SHFE copper is set to test support at the five-day moving average and trade at 52,580-53,000 yuan/mt today. We see spot prices at a premium of 50-100 yuan/mt.Aluminium: We...Read More

Newmont launches new interactive site featuring gold mining processes and phases

Mar. 14, 2017, 3:19 PM / Newmont Mining

Newmont Mining Corporation today launched Lifecycle of a Mine, an interactive microsite featuring the activities and processes that make up each stage in the life of a modern-day gold mine.Videos, interactive graphics and photographs provide real-world imagery and descriptions of the science, technology, skill sets and tools that comprise the six stages in the life of a modern-day gold mine. Lifec...Read More

Is this the next Kaminak? - Goldcorp acquires 19.9% of Triumph Gold

Mar. 14, 2017, 1:39 PM / Palisade Global Investments Ltd.

Triumph Gold Corp. (CVE:TIG, FRA:8N61, OTCMKTS:NFRGF)Current Price: C$0.38Shares Outstanding: 59.7 millionMarket Capitalization: C$22.7 million52-Week Range: C$0.07 - C$0.50Cash: ~C$6.3 millionAs stated in our original write-up, Triumph's flagship project, Freegold Mountain, includes Kaminak's Coffee-like epithermal models, but also has all the signatures of Western Copper's Casino-like porphyry....Read More

Chinese data, strikes bring copper price back to boil

Mar. 14, 2017, 10:56 AM / Frik Els

In New York on Tuesday copper for delivery in May enjoyed a third day of gains adding 1% to $2.6505 per pound or $5,843 a tonne on the back of upbeat economic data from China and continued labour disruptions at the world's biggest mines.The Statistics Bureau of China said on Tuesday industrial production led by the steel industry jumped 6.3% in January and February of 2017 (released together to s...Read More

Antofagasta bullish on copper as earnings jump

Mar. 14, 2017, 10:20 AM / Cecilia Jamasmie

Chile-focused copper miner Antofagasta Plc. (LON:ANTO) logged Tuesday an almost 80% jump in earnings during 2016 on the back on better-than-expected metal prices in recent months, and predicted that improved market conditions were here to stay.The miner, one of the oldest companies listed in London, posted earnings before interest, tax, depreciation and amortization of $1.63 billion and said reven...Read More

Glencore sells two Africa zinc mines to Canada's Trevali

Mar. 14, 2017, 5:19 AM / Cecilia Jamasmie

Mining and commodities trader Glencore (LON:GLEN) is selling its stakes in two zinc mines to Canada's Trevali (TSX:TV) in a deal worth about $400 million that will make the later the first pure zinc company with operations in North and South America as well as Africa.With the sale, Glencore gives Trevali its 80% and 90% stakes respectively in the Namibia-based Rosh Pinah and the Perkoa mine locate...Read More

Gold struggles near 6-week low before Fed meeting

Mar 14, 2017 / Investing.com

Investing.com - Gold prices struggled near a six-week low during European morning hours on Tuesday, as investors prepared for a rate hike by the Federal Reserve while focusing on political developments in Europe.Comex gold futures dipped $2.55, or around 0.2%, to $1,200.55 a troy ounce by 4:15AM ET (08:15GMT), not far from Friday's low of $1,194.50, which was the weakest level since January 31.Mea...Read More

UPDATE 1-UK Stocks-Factors to watch on March 14

Mar 14, 2017 / Reuters

(Adds company news items, futures)March 14 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 4.7 points on Tuesday, according to financial bookmakers, with futures FFIc1 up 0.2 percent ahead of the cash market open.* OCADO: Ocado OCDO.L , the British online supermarket that has been testing investors' patience with its failure to land an overseas deal, said there were signs of pricing...Read More

UK Stocks-Factors to watch on March 14

Mar 14, 2017 / Reuters

March 14 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening up 4.7 points on Tuesday, according to financial bookmakers.* BHP BILLITON: BHP Billiton BLT.L on Monday invited striking workers at its Escondida copper mine in Chile, the world's largest, to return to the negotiating table, after they rejected a similar approach on Saturday. AMEC FOSTER WHEELER-JOHN WOOD: Oil services company Wo...Read More

Is This The Next Kaminak? - Goldcorp (NYSE:GG) Acquires 19.9% Of Triumph Gold (CVE:TIG, FRA:8N61, OTCMKTS:NFRGF)

March 14, 2017 / Palisade Research

Palisade ResearchMarch 14, 2017 Category: ResearchTriumph Gold Corp. (CVE:TIG, FRA:8N61, OTCMKTS:NFRGF)Current Price: C$0.38Shares Outstanding: 59.7 millionMarket Capitalization: C$22.7 million52-Week Range: C$0.07 - C$0.50Cash: ~C$6.3 millionOriginal Write-Up HereWill Triumph Gold be the next Kaminak?No. We believe it will be much larger.As stated in our original write-up, Triumph's flagship proj...Read More

SMM Evening Comments (Mar 14)

Mar 14 2017 / Staff reporter

SHANGHAI, Mar 14 (SMM) – Following the release of China’s upbeat economic data, most base metals registered a rise today. SHFE aluminum rose close to 1%, while tin dipped close to 1%. Copper, nickel, zinc inched up.The ferrous complex rose across the board, as coking coal led with a gain of 2.7%. Iron ore jumped over 2%. Coke and hot-rolled coil went up about 1%, while rebar increased...Read More