Copper stocks Articles

Millrock Resources | Explorer releases drill results from Alaska copper-gold project

Oct. 5, 2018, 8:30 AM / Proven and Probable

Gregory Beischer, president and CEO of Millrock Resources, in conversation with Maurice Jackson of Proven and Probable, talks about the recently released drill results from the Alaska Range Project as well as developments at its Mexican properties.VideoAudioTranscriptOriginal Source: http://www.streetwisereports.com/article/2018/10/02/explorer-releases-drill-results-from-alaska-copper-gold-project...Read More

Hudbay doesn't deny rumours of interest in Chile's Mantos Copper

Oct. 5, 2018, 8:30 AM / Cecilia Jamasmie

Canadian miner Hudbay Minerals (TSX, NYSE: HBM) responded to media reports about it being in talks to buy Chile's Mantos Copper by saying that while it avoids commenting on market rumours, its strategy does include growth opportunities, such as acquisitions.Private equity-backed Mantos Copper said in July it was looking for a buyer to help it finance the expansion of mines it bought from Anglo Ame...Read More

Centamin drops more than 12 percent on second cut to annual output target

Oct. 5, 2018, 3:49 AM / Cecilia Jamasmie

Shares in Egypt-focused gold miner Centamin (LON:CEY) (TSX:CEE) dropped more than 12 percent in London on Friday after it axed its annual production target for the second time this year due to delays in planned operational improvements.The company now expects to produce 480,000 ounces of gold, down from a range of 505,000 to 515,000 ounces it estimated in May. At the time, Centamin cut production...Read More

UPDATE 8-Oil falls from 4-year highs; Wall Street weighs

October 05, 2018 / Staff reporter

* Cushing oil stocks up 1.7 mln, Genscape says -traders* Charts had Brent, U.S. crude in overbought territory* IEA boss urges oil producers to ease supply concerns* Emerging market woes weigh on demand outlook (New throughout, updates prices, market activity and comments to settlement)By Stephanie KellyNEW YORK, Oct 4 (Reuters) - Oil prices fell on Thursday as the prospect of increased crude produ...Read More

UPDATE 2-India cuts fuel tax, refinery prices to ease pain of rising crude, weak rupee

October 05, 2018 / Staff reporter

(Adds details and comments throughout)By Mayank Bhardwaj and Aditya KalraNEW DELHI, Oct 4 (Reuters) - India is cutting prices of gasoline and diesel by 2.50 rupees ($0.03) a litre, Finance Minister Arun Jaitley said on Thursday, the government's latest step to tackle the impact of a sharp rise in crude oil prices and a weak local currency.The cut includes a reduction in excise duty of 1.50 rupees...Read More

Indian stocks, bonds weaken, rupee hits record low despite suspected RBI intervention

October 05, 2018 / Staff reporter

MUMBAI, Oct 4 (Reuters) - Indian stocks and bonds weakened on Thursday, while the rupee plumbed record lows as global oil prices rose, heightening speculation that the central bank may hike interest rates on Friday more aggressively than earlier expected.The partially convertible rupee INR=D2 hit a life low of 73.82 per dollar before recovering slightly to 73.74/75 by 0545 GMT. It had closed at 73...Read More

UPDATE 1-UK Stocks-Factors to watch on Oct 4

Oct 05, 2018 / Reuters

(Adds company news items and futures)Oct 4 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 10 points lower at 7,500 according to financial bookmakers with FTSE 100 futures .FFIc1 down 0.38 percent on Thursday ahead of the cash market open, according to financial bookmakers.* TED BAKER: British clothing and accessories retailer Ted Baker TED.L posted a 3.5 percent rise in half-year rev...Read More

UK Stocks-Factors to watch on Oct 4

Oct 05, 2018 / Reuters

Oct 4 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 10 points lower at 7,500 on Thursday, according to financial bookmakers.* GLENCORE: Global miner Glencore GLEN.L and Japan's Tohoku Electric Power 9504.T agreed on a price of $109.77 per tonne for supplies of thermal coal from Australia for the year through September 2019, according to a source with direct knowledge of the matter....Read More

Op-ed: George Salamis weighs in on proportional representation in BC

05 October 2018 / George Salamis*

Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resourcesDavenport puts South Harz potash back in global spotlightSPONSOREDdavenport resourcesAMC Consultants: San Sebastian Mining Method Case StudySPONSOREDamc consultantsElementos builds diversified tin growth platformSPONSOREDelementos Every day we are hearing from Canadian business leaders that policy decisions — or policy inaction &m...Read More

Hudbay denies talk of Chilean Mantos buy

05 October 2018 / Staff Reporter

PolarX points to upsideSPONSOREDpolarx ltd Toronto-based Hudbay issued a statement citing its policy not to comment on speculation and rumours. However, the company emphasised it had a consistent strategy of optimising the value of its current operations and evaluating growth opportunities that were complementary to its current business.The Bloomberg report cited "unnamed sources familiar with th...Read More

BHP sees major copper demand boost from China's widening belt and road

Oct. 4, 2018, 9:23 AM / Reuters

LONDON, Oct 4 (Reuters) - China's overseas expansion will spread over land that is home to more than half the world's population, potentially boosting copper use by 1.6 million tonnes, or roughly 7 percent of annual demand, major miner BHP said on Thursday.BHP has analysed the impact of China's Belt and Road Initiative (BRI), a network of overseas construction projects, on commodity demand on the...Read More

Congo miners buying cobalt from artisanal operators to balance market

Oct. 4, 2018, 8:55 AM / Cecilia Jamasmie

Despite calls for increased transparency along the cobalt supply chain to avoid alleged human rights violations in the Democratic Republic of Congo, the activity continues to escalate, with as many as 100,000 diggers, sorters and washers believed to be involved in the trade.Cobalt, a by-product of copper or nickel, is used to make lithium-ion batteries found that power smartphones and electric car...Read More

Zambia tax hikes to `break economy's back,' mines lobby says

Oct. 4, 2018, 5:03 AM / Bloomberg News

Zambia's plan to increase mining royalties will break the back of the economy in Africa's second-biggest copper producer and make investment there impossible, an industry lobby group said.Responding to plans Finance Minister Margaret Mwanakatwe unveiled last week to increase royalties by 1.5 percentage points while introducing additional charges for metal exports and imports, the Zambia Chamber of...Read More

Vale to approve $1B expansion of Salobo copper mine in Brazil - report

Oct. 4, 2018, 3:44 AM / Cecilia Jamasmie

Vale (NYSE:VALE), the world's No.1 iron ore miner, is set to approve a $1 billion expansion of its vast Salobo copper-gold mine, located in Carajs, Brazil, later this month, according to people with knowledge of the matter.The project - known as Salobo 3 - is expected to take about three years to complete and will add about 50,000 tonnes to the open-pit mine's current capacity of nearly 200,000 to...Read More

UPDATE 12-Brent hits new four-year high on Iran supply worries

October 04, 2018 / Staff reporter

* U.S. crude inventories rise 8 mln barrels last week -EIA* Saudi Arabia, Russia agreed in Sept to lift oil output -sources* Saudi Arabia has raised output in Oct to 10.7 mln bpd* Iran says Saudi Arabia, Russia violated OPEC deal on output cuts (Updates with settlement prices, adds Iran's reaction to Saudi-Russian deal)By Jessica Resnick-AultNEW YORK, Oct 3 (Reuters) - Brent crude rose nearly 2 pe...Read More

UPDATE 2-India raises winter crop prices ahead of 2019 elections

October 04, 2018 / Staff reporter

* Raises wheat buying price by 6 pct to 1,840 rupees* Hike to make wheat exports from India unviable - trader* Support prices announced yearly to set benchmark, cover costs* Market prices often run below state prices, stoking rural anger (Updates with cabinet decisions)By Mayank Bhardwaj and Rajendra JadhavNEW DELHI, Oct 3 (Reuters) - India raised state-mandated prices for winter crops such as whe...Read More

UPDATE 1-Indian rupee hits record low as high oil prices weigh

October 04, 2018 / Staff reporter

(Updates to add details, cenbank intervention)By Suvashree Choudhury and Swati BhatMUMBAI, Oct 3 (Reuters) - The Indian rupee dropped to a record low on Wednesday as a sharp rise in global crude oil prices heaped more pressure on the currency, prompting the central bank to quickly intervene to slow its fall.The partially convertible rupee INR=D2 hit 73.4050 per dollar in early trade, an all-time l...Read More

VEGOILS-Market factors to watch October 4

Oct 04, 2018 / Reuters

The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.FUNDAMENTALS* Malaysian palm oil futures gained 1.8 percent on Wednesday, its largest intraday climb since Sept. 4, supported by rising crude oil prices. POI/* U.S. soybean futures eased on Wednesday in a technical selling setback following two days of gains despite concerns that rainy weather...Read More

Vedanta gets interim relief as Indian court stays state's land allotment cancellation

Oct 04, 2018 / Reuters

NEW DELHI, Oct 3 (Reuters) - An Indian court on Wednesday ordered an interim stay on the cancellation of land allotted for expansion of Vedanta's VED.L south Indian copper smelter, in a relief to the conglomerate whose unit was shut on environmental grounds.The Tamil Nadu (NS:TNNP) state government ordered a permanent closure of the plant, cancelled land allocated for expansion and disconnected po...Read More

Altech leads presentation rankings

04 October 2018 / Staff reporter

Orla hits 147.7m at 1.25% copperResource definitionAmerigo MVC plant ramp-up on courseSPONSOREDamerigo resourcesDavenport puts South Harz potash back in global spotlightSPONSOREDdavenport resourcesAMC Consultants: San Sebastian Mining Method Case StudySPONSOREDamc consultants‘From the Capital' columns over the past two weeks have discussed how mining industry executives have slipped into som...Read More