Copper stocks Articles

Codelco not giving away gold watches anymore

May. 6, 2019, 6:39 AM / MINING.com Staff

Chile's Codelco, the world's No. 1 copper producer, made headlines recently not for its production of the red metal but for putting an end to a centenary tradition.For decades, the National Copper Corporation gave away expensive gold watches to workers that have been with the company for over 30 years. But the practice came to an end in 2019.According to the local press and the agency AFP, when th...Read More

Mine financing's danger zone

06 May 2019 / Staff reporter

White Gold Corp a force in Yukon as exploration drive reaps dividendsSPONSOREDwhite gold corpWill Indonesia abandon its plan to ban bauxite exports?SPONSOREDverisk maplecroftQuality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumAltech ticks boxes on path to production SPONSOREDaltech chemicalsIt's remarkable how often over the past 15 years the debt advisory team at Noah's...Read More

Dangerous Stock Markets

May6, 2019 / Adam Hamilton

These record U.S. stock-market levels are very dangerous, riddled with extreme levels of euphoria and complacency. Largely thanks to the Fed, traders are convinced stocks can rally indefinitely. But stock prices are very expensive relative to underlying corporate earnings, with valuations back up near bubble levels. These are classic topping signs, with profits growth stalling and the Fed out of e...Read More

Implied strike length of 2.7km at DRC copper project

06 May 2019 / Staff reporter

Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipWhite Gold Corp a force in Yukon as exploration drive reaps dividendsSPONSOREDwhite gold corpWill Indonesia abandon its plan to ban bauxite exports?SPONSOREDverisk maplecroftThe latest assay highlights from 10 holes at the Kamoa North bonanza zone include 13.6m at 18.48% copper...Read More

Community around MMG's Las Bambas mine holding its breath

May. 5, 2019, 1:03 PM / Valentina Ruiz Leotaud

Following a two-month blockade that ended in mid-April, negotiations are still ongoing between Peruvian authorities, the community of Nueva Fuerabamba and Minera Las Bambas, a joint venture project between MMG, a wholly-owned subsidiary of China's Guoxin International Investment, and CITIC Metal Co. Ltd.On May 6 and 7, a new meeting is to be held as the community is pushing for two bills before Co...Read More

Zambia's finance minister says tax reforms needed to cut debt

May. 5, 2019, 9:19 AM / Reuters

Zambia will pay off all outstanding legitimate VAT refunds, but plans to press ahead with a new non-refundable sales tax despite criticism from some businesses as it strives to cut debt, its finance minister said on Friday.The proposed tax change in Africa's second biggest copper producing nation has upset the mining community, which has said the country is deterring new investment it desperately...Read More

Miner Boliden Q1 core profit tops forecasts

May. 3, 2019, 10:10 AM / Reuters

Sweden's Boliden on Friday reported first-quarter core earnings slightly above analysts forecasts, and said production in the quarter had been stable both in its mines and its smelters.Operating profit, excluding revaluation of process inventory, fell to 2.05 billion Swedish crowns from 2.72 billion a year earlier, beating the 1.99 billion seen by analysts in a Reuters poll."The period can be summ...Read More

Miners in Congo face subcontracting limits under new rules

May. 3, 2019, 9:56 AM / Bloomberg News

Companies in the Democratic Republic of Congo will have to ensure subcontractors they hire are domestically owned under rules being implemented by the government.The requirement adds to the raft of new measures mining companies have had to contend with over the past year, after the state in March 2018 raised taxes and other costs. Investors including Glencore Plc, Randgold Resources Ltd., China Mo...Read More

Base metals give ground as manufacturing clouds darken

May. 3, 2019, 9:44 AM / Reuters

It's been a bad week for Doctor Copper.London Metal Exchange (LME) copper slumped 3% on Wednesday and has slid further to a three-month low of $6,150 per tonne, last trading at $6,180.True, the move took place in something of a liquidity black hole with China and much of Europe on holiday this week, leaving the market prey to automated funds, which have been momentum-trading a rapidly deterioratin...Read More

Rio Tinto speeds up exploration at Winu copper find in Western Australia

May. 3, 2019, 9:15 AM / Cecilia Jamasmie

Mining giant Rio Tinto (ASX, LON:RIO) is ramping up exploration at its Winu discovery in Western Australia, which could be the company's next major copper project.Speaking at conference in Sydney this week, group executive of growth and innovation Stephen McIntosh said the company's main goal for now is to determine whether Winu was a "Rio Tinto scale" project.The copper-gold-silver discovery, a p...Read More

Tesla warns of coming battery minerals shortage

May. 3, 2019, 6:00 AM / Cecilia Jamasmie

While demand for electric vehicles (EVs) continues to soar, investment in companies mining for the so-called battery metals is lagging far behind, which may trigger an upcoming global shortage of those minerals, a Tesla executive has warned.The EVs manufacturer pioneer, Reuters reports, has also said it believed that prices for key elements in the making of rechargeable batteries, including cobalt...Read More

Hudbay Minerals settles board battle with shareholder Waterton

May. 3, 2019, 3:51 AM / Cecilia Jamasmie

Canada's Hudbay Minerals' (TSX, NYSE: HBM) has settled a long-dragged out boardroom battle with its second-largest investor, Waterton Global Resource Management, which had been pushing for replacing the miner's chief executive officer and overhaul the board.The announcement comes two weeks after Waterton, which holds about 12% of Hudbay, filed a lawsuit against the base metals producer, in a bid t...Read More

Blue Sky Uranium: Perfect Timing, Production by 2022?

May3, 2019 / Peter Epstein

In February, Blue Sky Uranium (TSX-V: BSK; OTC: BKUCF) delivered a very positive Preliminary Economic Assessment ("PEA") on the Ivana uranium-vanadium deposit at the Company's 100%-owned Amarillo Grande project in Argentina. The after-tax IRR & NPV is 29.3% & $135M. The upfront cap-ex is estimated at $128M. Importantly, the all-in sustaining cost is estimated to be in the lowest quartile o...Read More

Majors exploring more near existing mines, M&A yet to take off.

03 May 2019 / Paul Harris

Altech ticks boxes on path to production SPONSOREDaltech chemicalsExploration spend over the past 10 years totalled US$25.8 billion, well above the $15.4 billion allocated from 1990 to 2008. Yet, that spend yielded 102.4 million tonnes of copper in 21 major discoveries, compared with 992.5Mt in 199 discoveries in the preceding 19 years."Even after adjusting for copper in recently identified deposi...Read More

Rambler soars on record 2019 throughput

03 May 2019 / Staff reporter

Altech ticks boxes on path to production SPONSOREDaltech chemicalsIt processed 364,176 tonnes of ore through the Nugget Pond copper and gold milling facility at a feed grade of 1.24% copper and 0.57g/t gold.Read More

Automation overhaul at Matsa's Spanish copper mines

May. 2, 2019, 12:39 PM / MINING.com Staff

RCT has finished a major automation project at Matsa Resources' Aguas Teidas and Magdalena mines in the Huelva province of Spain.The project involved installing ControlMaster guidance automation on four CAT R2900G underground loaders and one automation centre surface control station at Matsa's Aguas Teidas copper-lead-zinc mine.The Automation Centre is fitted out with RCT's multiple machine contro...Read More

Why US Dollar Strength is Long Term Catalyst for Gold

May2, 2019 / Jordan Roy-Byrne

As we know, Gold and the US Dollar have an inverse relationship. Gold is priced in US Dollars and the drivers of each are similar (from an inverse point of view). Over long-term periods both trend in the same direction but the magnitude of the moves can vary and be quite different.The standard inverse relationship has not been a perfect one in recent months or years.In the chart below we plot Gold...Read More

Gold's disappointing history

02 May 2019 / Staff reporter

How to monitor and manage your Tailings Storage FacilitySPONSOREDisometrixWhite Gold Corp a force in Yukon as exploration drive reaps dividendsSPONSOREDwhite gold corpQuality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumAltech ticks boxes on path to production SPONSOREDaltech chemicalsRising inflation? Buy gold! Falling inflation and lower interest rates? Buy gold! Strong...Read More

Automakers go upstream to secure metal supplies: Benchmark

02 May 2019 / Staff reporter

How to monitor and manage your Tailings Storage FacilitySPONSOREDisometrixWhite Gold Corp a force in Yukon as exploration drive reaps dividendsSPONSOREDwhite gold corpQuality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumAltech ticks boxes on path to production SPONSOREDaltech chemicalsThe world's major original equipment manufacturers (OEMs) are increasingly aligning thems...Read More

Ivanhoe appoints former Kinross CFO Giardini president, CEO to retire

May. 1, 2019, 4:29 PM / MINING.com Staff

Ivanhoe Mines has appointed Tony Giardini as its new president, effective immediately. Giardini was most recently the executive vice president and CFO of Toronto-based Kinross Gold, a position which he held since December 2012.Tony Giardini, new president of Ivanhoe Mines. Image courtesy of Kinross Gold's Facebook page.Before joining Kinross, Giardini served as senior vice president and CFO at Cap...Read More