Copper Stock Articles

The global metals industry: 5 things to watch in 2019

24 January 2019 / 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 success of China's economic reform programme will have a strong influence on the metals market this year. On balance, fundamentals have improved, but geo-political concerns continue to dog the market and whispers of economic slowd...Read More

First Quantum calls off massive job cuts in Zambia

Jan. 23, 2019, 5:54 AM / Cecilia Jamasmie

Canada's First Quantum Minerals (TSX:FM) has scrapped plans to lay off 2,500 workers in Zambia over an increase in mining taxes, and has committed to extend talks with the southern African nation's government over the issue.The Toronto-based said last month it had exhausted all other avenues of cost reduction, adding the job cuts would be implemented in phases during the first three months of 2019...Read More

Strong last quarter leads Antofagasta to record copper output in 2018

Jan. 23, 2019, 3:15 AM / Cecilia Jamasmie

Chilean miner Antofagasta Plc. (LON:ANTO) ended 2018 on a very high note as it produced a record amount of copper in the final quarter of the year, which led it to post annual output at the higher end of its forecast.The company, majority-owned by Chile's Luksic family, one of the country's wealthiest, churned out 220,000 tonnes of the red metal in the three months to December, up 16% from the pr...Read More

Gold Stocks Remain in Downtrend

Jan 23, 2019 / Jordan Roy-Byrne

Last week we discussed the difference between a rally and bull market. Gold stocks have been in a rally. That rally is now over as gold stocks peaked at their 400-day moving averages days ago and sliced through their 200-day moving averages Friday.Take a look at the charts of any gold stock index (GDX, GDXJ, HUI) and it's clear they are in a downtrend. Go back two to three years. You'll see lo...Read More

Why electrification and automation are top priorities for mining companies in 2019

23 January 2019 / 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 Wood Mackenzie report Global trends: what to look for in 2019 looks at emerging business models that ensure global mining companies remain at the forefront of the energy transition. Find out why electrification and autom...Read More

Better throughput and grades boost output, eat into cash costs

23 January 2019 / Staff reporter

PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedElement 25 targeting clean entry into high-growth marketSPONSOREDelement 25It produced a record 220,000 tonnes of copper in the December quarter, up 24% year-on-year, bringing the full-year total to 725,300t, a 3% increase from 2017 and at the top end of its revised guidanceRead More

Are we really seeing change in Africa?

23 January 2019 / Staff reporter

Likely Shadary win in DR Congo threatens further squeeze on miners' profitsSPONSOREDverisk maplecroftAlderan unlocking Frisco potentialSPONSOREDalderan resourcesRhyolite Ridge PFS beats expectationsSPONSOREDioneerElement 25 targeting clean entry into high-growth marketSPONSOREDelement 25In the absence of a TARDIS, time, as far as most physicists have ever been able to deduce, only moves forwar...Read More

Why electrification and automation are top priorities for mining companies in 2019

23 January 2019 / 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 Wood Mackenzie report Global trends: what to look for in 2019 looks at emerging business models that ensure global mining companies remain at the forefront of the energy transition. Find out why electrification and autom...Read More

Copper - five things to look for in 2019

Jan. 22, 2019, 2:53 PM / Wood Mackenzie

As we start 2019, the copper market is faced with the prospects of softer demand growth, given the macro economic outlook, constrained mine supply growth, ongoing disruptions at smelters, additional uncertainly around changes to Chinese policies towards copper scrap imports and low visible exchange stocks. All of these factors will no doubt lead to another year of volatile prices. However, in the...Read More

Why British Columbia is missing the low-carbon economy bonanza

Jan. 22, 2019, 2:41 PM / Business In Vancouver - Nelson Bennett

A global energy transition that's already underway would be good for B.C.'s exploration and mining industry.The province, after all, is geologically blessed with an abundance of many of the raw materials needed for wind turbines, solar power and electric vehicles.But the opportunity posed by decarbonization and the low-carbon economy is a boat that B.C. has already missed, according to one metals...Read More

BME's Africa offerings and focus on show at Indaba

Jan. 22, 2019, 11:43 AM / BME

South Africa-based explosives leader BME will be showcasing its African presence, expertise and technology at the 2019 Investing in African Mining Indaba from February 4th to 7th in Cape Town; it will also highlight its strengthened presence in West Africa, which is poised to become one of the top five gold-producing regions in the world."The mood is even more buoyant than it has been in previous...Read More

Jervois Mining offers C$16.6m in shares for Uganda cobalt projects

Jan. 22, 2019, 9:26 AM / Reuters

MELBOURNE - Australian cobalt developer Jervois Mining said on Tuesday it has agreed to buy a Canadian cobalt explorer with operations in Uganda, as the hunt for quality mines in the battery materials sector gains pace.Jervois, which is backed by ex-Glencore executives, is offering one of its shares for every share in M2 Cobalt, valuing the Canadian company at C$16.6 million ($12.5 million), a 4.5...Read More

Supervisors at Codelco mine in Chile reject labor offer, strike looms

Jan. 22, 2019, 9:13 AM / Reuters

SANTIAGO - The union of supervisors at state miner Codelco's Gabriela Mistral mine in northern Chile has rejected the company's final offer for a new collective labor agreement, raising the specter of a strike in the coming days, the union president told Reuters on Tuesday.The union said Codelco, the world's top copper miner, failed to satisfy its demands for a signing bonus, and that the company...Read More

Runaway train wreck, copper outages cost BHP $600 million

Jan. 22, 2019, 3:10 AM / Cecilia Jamasmie

World's No.1 miner BHP (ASX:BHP) revealed Tuesday the hefty financial burden caused by three separate incidents that affected its iron ore and copper operations in the October-December 2018 quarter.The Perth-based mining giant said the forced derailment of a fully-laden iron ore train in the Pilbara and unplanned production outages at Olympic Dam and Spence copper mines would cost it $600 million....Read More

BHP counts the cost of train derailment and other outages

22 January 2019 / Staff reporter

Likely Shadary win in DR Congo threatens further squeeze on miners' profitsSPONSOREDverisk maplecroftAlderan unlocking Frisco potentialSPONSOREDalderan resourcesRhyolite Ridge PFS beats expectationsSPONSOREDioneerElement 25 targeting clean entry into high-growth marketSPONSOREDelement 25The three incidents occurred during the December 2018 half, impacting volumes by 4 million tonnes of iron or...Read More

"[It] would imperil [Lumwana's] ability to sustain returns to all stakeholders"

22 January 2019 / Staff reporter

PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedElement 25 targeting clean entry into high-growth marketSPONSOREDelement 25The enlarged miner, which completed its merger with Randgold Resources on January 1, said it had made detailed proposals to the government about a partnership approach, to provide the state with an improved share in the economics without overburdening the mi...Read More

Mining executive steps away from UBC keynote address ahead of securities hearing

Jan. 21, 2019, 1:11 PM / Business in Vancouver

A former CEO of the Mining Association of British Columbia has withdrawn from providing a keynote address January 26 to mining students at the University of British Columbia (UBC), after the Alberta Securities Commission implicated his company in a widespread share distribution scandal.This week, Michael McPhie, a prominent voice and advocate for the province's mining sector, told Scott Dunbar, he...Read More

Copper price falls after Chinese economic growth hits 28-year low

Jan. 21, 2019, 11:37 AM / Frik Els

The copper price came under renewed pressure on Monday after headline figures showed a slowdown in the Chinese economy to annual rates of growth not seen in nearly three decades.In thin holiday trade in the US, copper for delivery in March slumped 1.6% compared to Friday's close to $2.7655 per pound ($5,897 a tonne) on the Comex market in New York wiping out the metal's gains for the year.Data rel...Read More

Australia's MOD rejects Sandfire bid as undervalued, willing to negotiate

Jan. 21, 2019, 9:36 AM / Reuters

Australian copper miner MOD Resources said on Monday larger rival Sandfire Resources' A$0.38 a share offer undervalued the company, but said it was willing to engage with its suitor to come to a "compelling price".Earlier in the day, Sandfire confirmed media reports about its A$88 million ($62.97 million) bid for MOD, as per Reuters calculations, which represents a 73 percent premium to MOD's last...Read More

Barrick mulls selling Zambia copper mine over higher taxes

Jan. 21, 2019, 6:13 AM / Cecilia Jamasmie

Gold giant Barrick (TSX:ABX)(NYSE:GOLD) said Monday that while it continues to engage with the Zambian government and community stakeholders about a mutually-beneficial way forward for its Lumwana copper mine, it would consider selling the operation given the "challenging conditions" it's facing.Barrick said finding a win-win solution between the industry and government would increase investor con...Read More

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