Copper Stock Articles

Gold Prices Pull Back From 5-Week Highs as Trade Tensions Ease

Mar 27, 2018 / Investing.com

Investing.com - Gold prices turned lower on Monday, pulling away from five-week highs after reports that the U.S. and China had started negotiations over escalating trade tensions eased fears over a possible all-out trade war.Gold futures for April delivery on the Comex division of the New York Mercantile Exchange were down $4.5 or 0.33% to $1,345.4 a troy ounce by 04:19 AM ET (08:19 GMT).Gold pri...Read More

UPDATE 1-UK Stocks-Factors to watch on March 26

Mar 27, 2018 / Reuters

(Adds company news items, futures)March 26 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 22 points lower at 6,900 on Monday, according to financial bookmakers, with futures FFIc1 0.1 percent lower ahead of the cash market open.* ROLLS-ROYCE: Britain's Rolls-Royce RR.L said its Trent 7000 engines which power the Airbus A330neo jet are not affected by the issues with the Trent 1000 engi...Read More

Oreninc Index falls as deals dry up again, March 23, 2018

Mar 27, 2018 / MiningFeeds

The Oreninc Index fell in the week ending March 23rd, 2018 to 26.70 from an updated 52.33 a week ago as financings once again dried to a trickle.The week was full of news that was generally positive for gold led by the US Federal Reserve's latest monetary policy decision that confirmed the long-expected interest rate increase, but more importantly, the Fed indicated that it will only make three ra...Read More

SMM Evening Comments (Mar 27)

Mar 27, 2018 / Staff reporter

SHANGHAI, Mar 27 (SMM) – Nonferrous metals saw mixed trading on Tuesday March 27. SHFE nickel and tin dipped while zinc gained 1.4%. SHFE aluminium and lead rose close to 1%, and copper inched up.Among ferrous metals, coke closed 0.7% lower. Rebar rose over 2%, hot-rolled coil gained 1.6%, iron ore and coking coal edged up about 1%.Copper: The SHFE 1805 contract mostly traded above moving av...Read More

Golden Star increases inferred ounces

27 MARCH 2018 / Staff reporter

The inferred mineral resource at December 31, 2017, was 3.36 million ounces of gold (including refractory) at 3.93g/t, increased primarily through exploration at the Wassa underground gold mine in western Ghana. This compared with the 3.13Moz at 4.77g/t at the end of 2016.Measured and indicated mineral resources were largely unchanged on the year at 4.4Moz of gold, while proven and probable minera...Read More

Flash: High global inventories suppress copper prices

Mar 27, 2018 / Staff reporter

SHANGHAI, Mar 27 (SMM) – The current high copper inventories at global exchanges are set to impose further pressure on the already weak prices, SMM believes.Copper inventory at LME grew 31,225 mt on Tuesday March 27, after it jumped 35,000 mt a day before. This lowered stocks to 383,975 mt, the highest level since May 2017. Cancelled warrants stood at 11.8% on Tuesday, down from 13...Read More

Armadale scopes out Mahenge graphite project

27 MARCH 2018 / Staff reporter

The scoping study, carried out by project development consultants BatteryLimits, shows Mahenge could produce an average 49,000 tonnes per annum of high-quality graphite products during a 32-year mine life at an operating cost of US$408 per tonne based on an average life of mine grade of 12.5% total graphite carbon (TGC).Read More

Data: SHFE, DCE market movement (Mar 27)

Mar 27, 2018 / Staff reporter

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Rio Tinto frees itself of coal

27 MARCH 2018 / Jacqueline Holman

The sales price was above BMO Capital Markets' estimate of around $1.3 billion based on a 10% discount rate.Read More

Snapshot: Copper spot market in Shanghai

Mar 27, 2018 / Staff reporter

SHANGHAI, Mar 27 (SMM) – Spot copper in the Shanghai market saw more active trading as SHFE copper rebounded to around 49,500 yuan/mt today. Spot prices stood at a smaller discount of 200-130 yuan/mt. High-quality copper traded at 49,230-49,340 yuan/mt and standard quality copper traded at 49,200-49,300 yuan/mt with adequate supply.With fewer supply sources, hydro-copper was also favour...Read More

OZ Minerals launches Avanco takeover

27 MARCH 2018 / Kristie Batten

OZ will offer A$0.085 (US$0.066) cash and 0.009 of an OZ share for every Avanco share held, valuing Avanco at $0.17 per share, a whopping 120% premium to Avanco's closing price on Monday. Read More

Macro Roundup (Mar 27)

Mar 27, 2018 / Staff reporter

SHANGHAI, Mar 27 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightAs concerns of a trade war eased, the US dollar index fell to a five-week low overnight and hovered around 89.Most base metals rebounded as bearish sentiments improved. SHFE zinc rose over 1%, while copper and nickel fell. After the slump last week and the sharp growth...Read More

SMM Morning Comments (Mar 27)

Mar 27, 2018 / Staff reporter

SHANGHAI, Mar 27 (SMM) –Copper: Copper prices fell at a slower pace overnight and are likely to inch up today as the US dollar softened and concerns of a trade war eased. LME copper is expected to trade at $6,610-6,670/mt today. The SHFE 1805 contract is seen trading at 48,800-49,300 yuan/mt with ample supply and sluggish demand. Spot discounts are seen at 210-140 yuan/mt.Aluminium: LME alum...Read More

Copper strike uncertainty cools after Los Pelambres...

27 MARCH 2018 / Jacqueline Holman

In addition to this, a labour dispute at First Quantum Minerals' (CN:FM) Cobre Panama mine in Panama has been resolved, Chile's state-owned miner Codelco has reached an agreement with workers at its Ministro Hales mine and BHP (AU:BHP) has contacted the union at Escondida for early labour negotiations.Read More

Petaquilla Minerals responds to Mining Journal report...

27 MARCH 2018 / Staff reporter

First, the claim that Mr Fifer is facing "criminal charges" is false. Panama's Social Security Administration, (Caja de Security Social, CSS) having conducted a review of PTQ's Social Security filings and of Mr Fifer, concluded he played no role in the problems that caused the Administration to review PTQ's filing. Mr Fifer is no longer a subject of any Social Security Administration review, in an...Read More

Layne snubs shareholder objection

27 MARCH 2018 / Staff reporter

Granite (NYSE: GVA) and Layne announced the former's bid on February 14 this year. Layne was trading around US$12.50 a share before the offer was tabled, and hit $16.53 on March 9. It has since drifted back to $14.57.The company had a market value this week of about US$290 million.Granite's offer price was at 8.2-times projected 2018 EBITDA and valued the target at $565 million including Layne's d...Read More

Copper Fox Announces Trench Sampling Programat Mineral Mountain Project

March 27, 2018 / Copper Fox

CALGARY, Alberta, March 27, 2018 (GLOBE NEWSWIRE) -- Copper Fox Metals Inc. (“Copper Fox” or the “Company”) (TSX-V:CUU) (OTC:CPFXF) is pleased to announce that it has commenced a trench sampling program on its 100% owned Mineral Mountain copper project located near Florence, Arizona.  The objective of the trenching program is to determine the copper concentration...Read More

"The cease and desist order ... makes no findings of...

27 MARCH 2018 / Staff reporter

"Without admitting or denying the findings, Kinross agreed to a cease-and-desist order, a penalty of US$950,000 and undertakings to report on its remedial steps for a period of one year," the SEC said.The SEC said Kinross had acquired its two African subsidiaries in a $7.1 billion transaction in 2010 but took almost three years to implement adequate anti-corruption compliance programmes and intern...Read More

Canadian miner allowed to operate in Sweden

Mar. 26, 2018, 6:16 PM / Valentina Ruiz Leotaud

Canada-based Gungnir Resources (TSX-V: GUG) announced that authorities have approved a permit application to start drilling on its Knaften gold project, located in the Vasterbotten district of northern Sweden.According to the miner's website, Knaften covers Au in boulders and outcrop, as well as drill-indicated Au mineralization along a developing 10+ km long geochemical-magnetics trend in the Kna...Read More

Congo's 2017 mining revenue up 36% while oil revenue doubles

Mar. 26, 2018, 11:00 AM / Reuters

DAKAR, March 26 (Reuters) - Democratic Republic of Congo's 2017 mining sector revenue rose 35.6 percent to $822.2 million while revenue from the oil and gas sector jumped by 103 percent to $203.9 million, finance ministry data showed.Mining revenue in the fourth quarter more than doubled helped by higher prices for key exports such as copper and cobalt, data in a quarterly report seen by Reuters o...Read More

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