Copper stocks Articles

Glencore drops copper guidance

30 April 2019 / Jacqueline Holman

Eastern promise for PolarXSPONSOREDpolarxCopper production for the March quarter dropped 7% year-on-year to 320,700 tonnes, hit by the issues at Mopani, as well as severe flooding in Queensland, depletion at the Alumbrera openpit operation, and the sale of Punitaqui.However, cobalt output rose 56% on the year to 3,900t, despite Katanga having to manage excess levels of uranium content in its cobal...Read More

First Quantum lower on reduced copper output

30 April 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 lithiumWill Indonesia abandon its plan to ban bauxite exports?SPONSOREDverisk maplecroftThe company reported a 6% drop in copper output compared with a year earli...Read More

"[We'll] make every...effort to make up for as much lost production as possible"

30 April 2019 / Staff reporter

Global Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corpWestern Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesHow to monitor and manage your Tailings Storage FacilitySPONSOREDisometrixWhite Gold Corp a force in Yukon as exploration drive reaps dividendsSPONSOREDwhite gold corpIt said yesterday it expected operations would reach "normal le...Read More

First Quantum surprises investors with early release of earnings

Apr. 29, 2019, 1:58 PM / Bloomberg News

First Quantum Minerals Ltd. surprised the market by accidentally releasing its first-quarter results during the trading day.The Canadian miner fell as much as 3.4 percent after its first-quarter results were released at 1:44 p.m. during normal trading in Toronto, before recovering some of its losses. First Quantum earnings statements typically come out after market hours. Lisa Doddridge, a spokesw...Read More

North American Palladium expands Sunday Lake with best drill results

Apr. 29, 2019, 1:35 PM / Canadian Mining Journal Staff

North American Palladium of Toronto has expanded the platinum group metals zone at the Sunday Lake property, 25 km northeast of Thunder Bay and 60 km south of NAP's Lac des Iles mill. The current campaign is focused on a large PGM zone and copper-nickel sulphide mineralization in the deeper portions of the Sunday Lake mafic-ultramafic intrusion.NAP is the operator and earning a 75% interest at Sun...Read More

UK regulator drops big companies from responsible-payment list

Apr. 29, 2019, 11:58 AM / Bloomberg News

Some of the U.K.'s biggest companies were dropped from the government's list of responsible small-business customers on Monday, a decision that could undermine their ability to win state contracts.Five firms were removed from the Prompt Payment Code, an initiative to speed up settlement of invoices owed to suppliers. The companies - including mining conglomerate BHP Group Plc, DHL Worldwide Expres...Read More

Jiangxi Copper Q1 profits dip 3.1% year-on-year on lower prices

Apr. 29, 2019, 11:48 AM / Reuters

Jiangxi Copper Co, one of China's biggest copper producers, said on Monday its profits fell by 3.1 percent year-on-year in the first quarter as lower prices for the metal dented earnings.The Nanchang-based company's net income was 742.35 million yuan ($110.25 million) in the January to March period, according to a filing to the Shanghai Stock Exchange. That was down from 765.96 million yuan in the...Read More

Debt is available, equity markets a concern

29 April 2019 / Staff reporter

Look beyond market approach to project valuations: van ZylLeadershipWestern Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesGlobal Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corpWill Indonesia abandon its plan to ban bauxite exports?SPONSOREDverisk maplecroftSpeaking in the 'capital markets and key trends in mining' panel, Urquiaga said a...Read More

Gold Fields invests C$8M in Chakana Copper

29 April 2019 / Staff reporter

Eastern promise for PolarXSPONSOREDpolarxUnder the agreement, Gold Fields has the right to set up a technical advisory panel to review and provide input on Chakana's exploration programme, a pre-emptive right to participate in any future proposed equity offering to maintain its pro-rata interest, and the right to increase its equity position to match that of another mining company in a future equi...Read More

Sirius versus BHP potash stand-off

29 April 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 lithiumWill Indonesia abandon its plan to ban bauxite exports?SPONSOREDverisk maplecroftBut whether Mackenzie could, or would, give a direct answer is unlikely be...Read More

Still a way to go to achieve gender balance in the mining industry

Apr. 28, 2019, 8:14 AM / Valentina Ruiz Leotaud

Following the gender session held this at this year's PDAC, where gender balance in the industry and the #MeTooMining initiative were discussed, the Responsible Mining Foundation issued a summary report related to the topic.The summary is based on a chapter of RMF's 2018 Responsible Mining Index and it presents an assessment on the performance of 30 of the most important mining companies in the wo...Read More

Argentina expects $29B in mining investments in 2019

Apr. 28, 2019, 8:10 AM / Valentina Ruiz Leotaud

The Argentinian Chamber of Mining Entrepreneurs issued a report this week stating that it expects mining industry investments to reach $29 billion and employ about 80,000 people in 2019.According to the group, the mining sector is experiencing continued growth and has become the sixth most important sector when it comes to exports."At the Chamber we work day in and day out to create synergies with...Read More

Proxy advisory firm urges Hudbay shareholders to withhold vote for chairman Hibben

27 April 2019 / Henry Lazenby

Eastern promise for PolarXSPONSOREDpolarxWaterton, which controls 12.09% of Hubday's outstanding shares, has nominated five directors and has been trading barbs with the miner since October, when it first sounded the alarm over its concerns about the company's leadership and strategic direction.Glass Lewis says it has has assessed Waterton's arguments and agrees Hudbay will benefit from a minority...Read More

Aurubis lowers outlook on slower economy, shares slump

Apr. 26, 2019, 9:42 AM / Reuters

Aurubis, Europe's largest copper producer, on Friday cut its annual targets, citing factors such as a slower economy and maintenance shutdowns, sending its shares sharply lower. Aurubis now expects operating pretax earnings in its fiscal 2018/19 to decrease by more than 15% compared to the previous year. In February, Aurubis had forecast full-year operating earnings before tax to be "moderately lo...Read More

Australian junior Aurelia goes after Glencore copper mine

Apr. 26, 2019, 6:00 AM / Cecilia Jamasmie

Australian exploration and development Aurelia Metals (ASX:AMI) said on Friday it has begun discussions with miner and commodities trader Glencore (LON: GLEN), which it hoped would lead to the acquisition of the Swiss company's CSA copper mine."The company's high-level assessment is that CSA mine could potentially be a strategic fit for the company, consistent with our general view that further co...Read More

CEO Gili bullish on expanding district-scale Pumpkin Hollow mineralisation

26 April 2019 / Staff reporter

Eastern promise for PolarXSPONSOREDpolarxWith construction of the Pumpkin Hollow underground mine proceeding on schedule and within budget to kick-start a copper mining revival in the Yerrington Valley by the December quarter, Nevada CopperRead More

Freeport slides as Q1 profit nosedives

26 April 2019 / Henry Lazenby

Eastern promise for PolarXSPONSOREDpolarxThe Phoenix, Arizona-based miner reported adjusted net earnings of US$67 million or 5c per share, compared to non-GAAP earnings of $679 million or 46c per share a year earlier. Analysts had on average called for earnings of 7c per share.Net income in the March period totaled $31 million or 2c per share, down from $692 million or 48c in the same period a yea...Read More

Codelco-Enami face Llurimagua uncertainty

26 April 2019 / Paul Harris

Eastern promise for PolarXSPONSOREDpolarxThe comptroller recommended the project's environmental licence be reversed as well as the permits awarded by the water authority. This is a possibility which will be pushed for by communities in Íntag that have rejected mining for years.The Llurimagua deposit has a resource of 982 million tonnes grading 0.89% copper and 0.04% molybdenum.Eastern prom...Read More

Coal hurts Anglo American's Q1 production, 2019 guidance unchanged

Apr. 25, 2019, 2:05 PM / Staff

Anglo American (LON: AAL) released its first quarter production results on Thursday, reporting decreased production numbers, mostly because of planned disruptions at its metallurgical coaldivision, where production dropped 25%."Production is 6% lower in the quarter, with two planned longwall moves at metallurgical coal accounting for 80% of the reduction," chief executive Mark Cutifani said in a s...Read More

Expect cascade of mining M&A - PwC's Braunsteiner

Apr. 25, 2019, 11:03 AM / Cecilia Jamasmie

Despite unfavourable market conditions, the mining industry is staging a comeback thanks to highly publicized multi-billion mergers and acquisitions targeting mostly the gold sector.The aggregate valuation of all miners listed on the Toronto Stock Exchange (TSX) declined by 12.7% in 2018, to $253.9 billion, compared with a 10.8% decrease in the market capitalization of the entire TSX market, says...Read More