Copper stocks Articles

Ivanhoe Mines CEO to retire in June

May. 1, 2019, 2:48 PM / Reuters

Ivanhoe Mines Ltd said on Wednesday its chief executive officer, Lars-Eric Johansson, would retire at the end of June after 12 years at the helm.Johansson, who held the position since May 2007, has led the company through its initial public offering in 2012 and was a part of the company's major transformation to become a producer of copper, zinc and nickel.The Canadian miner also said it appointed...Read More

World Bank, Germany, Rio and Anglo set up "climate smart" mining fund

May. 1, 2019, 1:39 PM / Staff

The World Bank launched the Climate-Smart Mining Facility on Friday, the first-ever fund dedicated to making mining for minerals climate-smart and sustainable.The fund will support the sustainable extraction and processing of minerals and metals used in clean energy technologies, such as wind, solar power, and batteries for energy storage and electric vehicles.The World Bank is targeting a total i...Read More

Gold Fields acquires 16% stake in Chakana Copper

May. 1, 2019, 11:05 AM / Northern Miner Staff

One of the largest gold mining companies in the world has taken a shine to Chakana Copper (TSV: PERU) and its Soledad project in Peru. Gold Fields (NYSE: GFI) is spending C$8 million to buy 15.69 million Chakana shares at C$0.51 per share for a 16.14% stake in the junior.The proceeds will be used to advance exploration and development of the Soledad copper-gold-silver project, 260 km northwest of...Read More

GFG to spend up to A$100m on Australian copper, iron ore developer

May. 1, 2019, 9:17 AM / Reuters

Privately held industrial conglomerate GFG Alliance said on Wednesday it would spend up to A$100 million ($70.5 million) to get a controlling interest in a copper and iron ore developer to provide materials for its Australian copper and steel business.GFG is building up a South Australian franchise to its global steel and energy business after its purchase of the Whyalla Steelworks and an energy c...Read More

Ridgestone Mining finds two types of mineralization at Mexican gold-copper project

May. 1, 2019, 6:57 AM / Staff

Ridgestone Mining (TSXV: RMI) issued a review of results from exploration on its Rebeico gold-copper project in Sonora, Mexico, and reported that two styles of mineralization were recognized at the site, both containing copper, gold and silver.In a press release, Ridgestone said the mineralization was identified at the over 1 kilometre-long north-south trending Alaska vein, and at the intensely al...Read More

Chile's Codelco kicks off underground mining at Chuquicamata

May. 1, 2019, 4:03 AM / Cecilia Jamasmie

Chile's Codelco, the world's No. 1 copper producer, has begun underground operations at its century-old Chuquicamata mine, ahead of schedule and with more than 8,000 tonnes of ore already extracted since early April.Block-caving, originally planned for May, began at the end of March, the state-owned miner said in a statement. Ore is being initially extracted by truck before starting commercial pro...Read More

Study labels Ecuador VMS project high-return, low-cost

01 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 chemicals"Today's PEA demonstrates the La Mina VMS project is a high-return, capital efficient and...Read More

NGOs file 'disingenuous' complaints against Pebble

01 May 2019 / Staff reporter

Altech ticks boxes on path to production SPONSOREDaltech chemicalsJCAP sent letters to the British Columbia Securities Commission and the US Securities and Exchange Commission alleging serious issues concerning misleading claims about the proposed project.Read More

Broadway options Madison to Rio Tinto affiliate

01 May 2019 / Staff reporter

Altech ticks boxes on path to production SPONSOREDaltech chemicalsUnder the terms of the earn-in agreement, Kennecott can acquire a 55% stake in the property by spending US$5 million on exploration within five years, including a minimum $1 million in the first year.Read More

No sign of Chinese white knight

01 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 chemicalsI think I may have mentioned previously that I was late coming to Game of Thrones.Read More

Rockridge hits high grades at Knife Lake

Apr. 30, 2019, 2:28 PM / Canadian Mining Journal Staff

Vancouver-based Rockridge Resources reports drilling high-grade, near-surface copper mineralization at the Knife Lake property 50 km northwest of Sandy Bay. Rockridge has an option with Eagle Plains Resources to acquire 100% interest in the historic property.Drill hole KF19001 intersected net textured to fracture controlled sulphide mineralization between 7.5 to 40.6 metres, returning 33.1 metres...Read More

Cobre Panama makes initial 25 tonnes for First Quantum

Apr. 30, 2019, 2:18 PM / Canadian Mining Journal Staff

First Quantum Minerals of Vancouver has offered an update on progress at the Cobre Panama copper mine as it made 25 tonnes of copper during the first quarter of this year. The project is on track to deliver between 140,000 and 175,000 tonnes in 2019. About 80% of total output will occur in the second half of the year, as the mill ramps up to its annual capacity of 72 million tonnes by the end of t...Read More

China's metals imports robust despite macro doubts

Apr. 30, 2019, 11:01 AM / Reuters

Industrial metal markets are taking a breather as they await tangible evidence that China's latest stimulus package is feeding through to a flagging manufacturing sector.April's purchasing managers indices, weaker than expected but still just in expansion territory, mean the collective guessing game continues.Copper imports almost matched last year's record pace, while China continues to soak up r...Read More

Environmental group alleges Northern Dynasty misled investors about Pebble project

Apr. 30, 2019, 9:51 AM / Bloomberg News

An environmental group has filed a complaint to U.S. and Canadian securities regulators alleging that Northern Dynasty Minerals Ltd. misled investors about its controversial Pebble mining project in Alaska.Northern Dynasty - whose plan to develop a copper and gold mine near Bristol Bay faces staunch environmental opposition - issued incomplete and misleading information in an attempt to drum up ca...Read More

Chile manufacturing output rose 1.3% in March, copper output down

Apr. 30, 2019, 9:32 AM / Reuters

Chilean manufacturing production rose 1.3 percent in March compared to the previous year, government data showed on Tuesday, even as copper output declined in the world's top copper producer.The slight increase in manufacturing production was driven primarily by a year-on-year increase in the production of machinery and equipment, but was counterbalanced by a 3.5 percent drop in mining output, the...Read More

Glencore lowers 2019 production forecasts for copper to oil

Apr. 30, 2019, 9:15 AM / Bloomberg News

Glencore Plc cut its full-year copper-output goal by about 3% and lowered production targets for other commodities from nickel to oil, as the world's biggest metal trader deals with multiple problems across its operations. The shares fell.There was no mention of changes to the company's marketing-profits guidance, which it often updates in production reports.Key insightsGlencore's disappointing ou...Read More

Skeena Resources Reviving BC's Eskay Creek

Apr 30, 2019 / MiningFeeds

Eskay Creek, formerly the world's highest-grade gold mine, may be headed for a re-start due to very promising exploration work completed by Skeena Resources (TSX.V: SKE).Eskay Creek was operated by Barrick Gold until shutting down in 2008 due to a combination of high operating costs and a low gold price. Skeena picked up the option to explore the closed mine and has been working diligently on the...Read More

Near-Record Gold Shorting

Apr 30, 2019 / Adam Hamilton

Gold has failed to gain traction over the past couple months, normally a seasonally-strong time. That has really weighed on sentiment, leaving traders increasingly bearish. Gold investment demand has flagged dramatically with lofty stock markets spewing great euphoria. That's given gold-futures speculators the run of the market, where they have sold aggressively including extreme shorting. But tha...Read More

Challenges continue to demand focused action on productivity

30 April 2019 / Paul Harris

Eastern promise for PolarXSPONSOREDpolarxOutput at the BHP-operated Chile copper mine included 975,893t of copper in concentrates and 266,794t of copper cathodes. The mine experienced 44 days of strike action in 2017."We are happy with the positive results from 2018. The challenges, however, are growing because as the deposit ages we face deeper pits, lower grades and harder rock, as well as more...Read More