Copper stocks Articles

Little Eva feasibility backs Copper Mountain investment

02 October 2018 / Staff reporter

PolarX points to upsideSPONSOREDpolarx ltdThe Vancouver-based miner, which is listed in Canada and Australia following its merger with ASX-listed Altona Mining in March, said Eva had the potential to add significant cashflow to its op...Read More

Senator wants to boost sustainable mining in Argentina's wine country

Oct. 1, 2018, 5:33 PM / Valentina Ruiz Leotaud

A heated debate is taking place in Argentina after opposition senator Alejandro Abraham presented a project to modify Law 7722, which regulates mining activities in the central Mendoza province, known for its wine production.Among other things, Abraham's bill establishes a new Special Mining Rate, which is 50 per cent higher than royalties and specifies in which sectors the revenue it generates ca...Read More

Aurubis to offer a $96 tonne copper premium for 2019

Oct. 1, 2018, 10:45 AM / Reuters

HAMBURG, Oct 1 (Reuters) - Aurubis, Europe's biggest copper smelter, will offer 2019 copper premiums to its customers of $96 per tonne, the company said on Monday, confirming earlier reports from traders.This compares to $86 per tonne in both 2018 and 2017.The premium is paid by customers above the London Metal Exchange (LME) copper prices."I think the increase shows the positive state of market d...Read More

After another quarterly loss, is worst over for commodities?

Oct. 1, 2018, 9:57 AM / Bloomberg News

(Bloomberg) - Commodities just posted the longest losing streak in more than three years, and analysts and investors are giving conflicting signals over whether the worst is over.The Bloomberg Commodity Index fell 2.5 percent in the third quarter amid a stronger dollar, trade frictions and concerns over the Chinese-demand outlook. Copper slid into bear markets and gold posted its longest run of mo...Read More

Ivanhoe Mines soars on third major copper discovery in Congo

Oct. 1, 2018, 8:51 AM / Cecilia Jamasmie

Shares in Canadian miner Ivanhoe Mines (TSX:IVN) jumped Monday after it announced a significant new discovery of high-grade copper on its 100%-owned Western Foreland asset, west of the Kamoa-Kakula mining licence in the Democratic Republic of Congo (DRC).The find, named Makoko, is Ivanhoe's third major copper discovery in the DRC, as well as the first of multiple high-potential target areas identi...Read More

Apple employee killed in Indian police shooting, two constables arrested

October 01, 2018 / Staff reporter

NEW DELHI, Sept 30 (Reuters) - State police have arrested two constables in northern India over the fatal shooting of an Apple employee in an incident during a routine patrol on Saturday.Vivek Tiwari, a sales manager for Apple AAPL.O , was shot dead early on Saturday by a police constable in the Gomti Nagar neighbourhood in Uttar Pradesh state, about 13 km (8 miles) from state capital Lucknow.The...Read More

RPT-ANALYSIS-How the world's oil refiners plan to grapple with their fuel oil output after 2020

October 01, 2018 / Staff reporter

(Repeats story from Sept. 28 for wider readership with no change to text)* Refiners brace for plunge in HSFO demand, diesel boom in 2020* Some to stay flexible as HSFO demand may rebound on scrubbers* Fuel upgrade projects take time, require govt approval and money* Refiners may process more low-sulphur crudeBy Florence Tan, Osamu Tsukimori and Julia PayneSINGAPORE/TOKYO/LONDON, Sept 28 (Reuters)...Read More

RPT-Asia's troubled emerging markets to shave oil demand next year

October 01, 2018 / Staff reporter

(Repeats Friday's story without changes to text)* Emerging market make up almost all oil demand growth* Currency risk, high crude price to cut 100,000 bpd in oil demand* Brent crude in different currencies: https://tmsnrt.rs/2N67zl9By Jessica Jaganathan and Florence TanSINGAPORE, Oct 1 (Reuters) - Asia's emerging markets, the key driver for global oil demand growth, are being hit hard by soaring c...Read More

Brent oil near 4-yr high ahead of Iran sanctions, but demand concerns loom

October 01, 2018 / Staff reporter

* Brent crude above $83 ahead of November Iran sanctions* Stagnant U.S. rig count supports U.S. crude prices* High prices, trade disputes threaten demand growth* Brent crude in different currencies: https://tmsnrt.rs/2N67zl9By Henning GloysteinSINGAPORE, Oct 1 (Reuters) - Oil prices opened firmly on Monday, with Brent hovering close its highest in nearly four years ahead of U.S. sanctions against...Read More

India's IL&FS wins shareholder approval for restructuring plan

October 01, 2018 / Staff reporter

By Promit MukherjeeMUMBAI, Sept 30 (Reuters) - India's troubled Infrastructure Leasing and Financial Services Ltd (IL&FS), whose recent defaults have roiled Indian markets, said on Sunday its shareholders have approved a plan allowing it to raise fresh funds through debt and equity issuances.The shareholder approval gives the privately-held Indian infrastructure financing and construction firm...Read More

Lightbox diamonds a harbinger for industry

01 October 2018 / Staff reporter

Gold, base metals downCapital marketsOn the first page of a business that only started trading a few days ago are a series of items for sale such as white Solitaire diamond studs weighing a total of half-a-carat for US$600, or pi...Read More

Rio Grasberg exit official

01 October 2018 / Staff reporter

PolarX points to upsideSPONSOREDpolarx ltd "This agreement is a significant step towards the sale of our interest in Grasberg and provides further evidence of our commitment to strengthening the portfolio by selling non-core assets and driving higher returns across the business," Rio CEO J-S Jacques said."We will continue to shape the portfolio, maintain a strong balance sheet and allocate capita...Read More

Electric vehicles - the story so far

01 October 2018 / Staff reporter

Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.The future of transport is evolving. Our analysis points to a gradual but exponentential rise in electric vehicle (EV) sales globally, driven by rapidly changing EV economics and technological innovations. In...Read More

Electric vehicles - the story so far

01 October 2018 / Staff reporter

Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.The future of transport is evolving. Our analysis points to a gradual but exponentential rise in electric vehicle (EV) sales globally, driven by rapidly changing EV economics and technological innovations. In...Read More

Electric vehicles - the story so far

01 October 2018 / Staff reporter

Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.The future of transport is evolving. Our analysis points to a gradual but exponentential rise in electric vehicle (EV) sales globally, driven by rapidly changing EV economics and technological innovations. In...Read More

Peru expects $58 billion in mining investments

Sep. 30, 2018, 11:46 AM / Valentina Ruiz Leotaud

Peru's Minister of Energy and Mines, Francisco smodes, said this week that his office expects mining investments to reach $58 billion in coming years.In an interview with the state-run newspaper El Peruano, smodes said that the goal for the next three years is to get at least 36% of that capital actually invested.The minister also said that the Martn Vizcarra administration expects Peru's share in...Read More

BRIEF-India's Care Ratings downgrades debt instruments, borrowings of ITNL to junk

September 30, 2018 / Staff reporter

Sept 29 (Reuters) - India's Care Ratings says:* Downgraded debt instruments, borrowings of IL&FS Transportation Networks Ltd (NS:ILFT) to junk* Total downgraded value of debt instruments of ITNL is 55.52 billion rupees Read More

UPDATE 1-India's debt-laden IL&FS to implement "comprehensive" restructuring plan for group

September 30, 2018 / Staff reporter

(Adds details from board meeting, voting results at AGM)By Promit MukherjeeMUMBAI, Sept 29 (Reuters) - India's Infrastructure Financing and Leasing Services Ltd (IL&FS) ILFS.UL said on Saturday it will develop a "comprehensive" restructuring plan for the group to pay its liabilities, as it scrambles to cut its debt pile following a series of defaults and credit downgrades in recent w...Read More

India's debt-laden IL&FS seeks funding from lenders to fulfill credit dues

September 30, 2018 / Staff reporter

By Promit MukherjeeMUMBAI, Sept 29 (Reuters) - India's Infrastructure Financing and Leasing Services Ltd (IL&FS) ILFS.UL said on Saturday it plans to seek funding from lenders to meet its credit obligations, as it scrambles to cut its debt pile following a series of defaults and credit downgrades in recent weeks.A series of defaults at IL&FS, a major infrastructure financing and constructi...Read More

India's Yes Bank plunges to 29-month low as management crisis drags on

September 29, 2018 / Staff reporter

Sept 28 (Reuters) - Shares of India's Yes Bank Ltd YESB.NS plunged nearly 10 percent on Friday to a 29-month low, as the lender's management crisis caused by the central bank curtailing its top executive's tenure dragged on.The bank said earlier this week that it would seek the Reserve Bank of India's (RBI) approval to extend CEO Rana Kapoor's term beyond January as it needs more time to identif...Read More