Copper Stock Articles

China's metals trade is facing a year of upheaval: Andy Home

Apr. 30, 2018, 10:55 AM / Reuters

LONDON, April 30 (Reuters) - China's trade in industrial metals looks set for significant upheaval this year as the country adapts to fast-evolving supply chains.The aluminium market is reeling from the devastating one-two of U.S. tariffs and sanctions on Oleg Deripaska's Rusal empire.China, the world's largest aluminium producer, was the main target of those tariffs but might ironically turn out...Read More

Glencore drops as clash with former partner adds to Congo issues

Apr. 30, 2018, 5:00 AM / Bloomberg News

Glencore Plc dropped the most among the U.K.'s biggest stocks as the company clashed with a former partner over royalties at key copper and cobalt mines in the Democratic Republic of Congo.The shares fell as much as 3.9 percent after the company said late Friday that a Congolese court authorized bailiffs to freeze certain Glencore assets after Israeli billionaire Dan Gertler served orders on local...Read More

Gold / Silver / Copper Prices - Weekly Outlook: April 30 - May 4

Apr 30, 2018 / Investing.com

Investing.com - Concerns over rising U.S. Treasury yields look set to remain in focus for precious metals traders next week after gold prices managed a slight gain on Friday but still ended the week with a drop of almost 1%.The U.S. nonfarm payrolls report for April, set to be released next Friday, and the outcome of the Federal Reserve’s two-day policy meeting on Wednesday, which will help...Read More

Not All Lithium Mining is Equal: Hard Rock Shows Potential to Disrupt Lithium Evaporation

Apr 30, 2018 / Nicholas LePan

Argentinian lithium producer Orocobre (TSX: ORL) recently reported lower than expected lithium production in its third fiscal quarter because weather interfered with its evaporation rates of its lithium brines. This reveals two problems with lithium brine production: reliability and geography. Another source of lithium is rising to met these problems, hard rock lithium mining. One analyst pointe...Read More

Is Jeff Gundlach Correct on Gold's $1000 Upside?

Apr 30, 2018 / Nicholas LePan

It was music to gold bug ears.We've all heard the seemingly shocking or outrageous price targets for Gold. So it's not new.But this time from a non gold pusher. Someone with credibility in the larger financial world and a track record to boot.Gundlach's comment was included in every piece of Gold literature that recently crossed my desk. No doubt, if Gold starts breaking to the upside, Gundlach's...Read More

Prairie's courtroom quarter

30 APRIL 2018 / Staff reporter

The London, Warsaw and Australian-listed company has two coal projects in Poland, Jan Karski and Bebiensko, and has signed a six-month non-disclosure agreement with JSW while the miner looks at buying them or partnering with Prairie.Read More

Two directors join the Hummingbird nest

30 APRIL 2018 / Staff reporter

They will replace directors Matt Idiens and Dave Pelham, who plan to retire after the company's annual general meeting later this year.Both directors will also join the company's technical advisory committee, of which Roux has been made chairman.He was most recently COO of Endeavour mining and has over 42 years' experience in the mining industry, with previous experience at Anglo American, De...Read More

Filo drilling points to resource uplift

30 APRIL 2018 / Staff reporter

Highlights included 50m at 0.56% copper, 0.5g/t gold and 236.4g/t silver; and 36m at 1.45% copper."We expect to convert a large portion of our inferred oxide resource to indicated, which was one of our primary objectives this season," CEO Adam Lundin said.Filo released a preliminary economic assessment on the oxide portion of the project's existing resource in November, which outlined an after-tax...Read More

AngloGold ups stake in Pure Gold

30 APRIL 2018 / Staff reporter

Pure Gold expects to make a production decision later this year for the high-grade, previously mined project that is said to have historically produced 2.5 million ounces of gold.Read More

Hummingbird picks up speed

30 APRIL 2018 / Staff reporter

The company plans to produce 105,000-115,000 ounces of gold in 2018, including the March quarter.It produced 18,785oz of gold at an average grade of 2.96g/t during the three-month period, with 9,912oz poured in March alone.Total ore processed during the period was 238,628 tonnes at a recovery rate of 96.1%.The company completed construction of the plant and commissioning in late 2017 at an $88.5 m...Read More

Northern Star hits 600,000oz annual run-rate

30 APRIL 2018 / Kristie Batten*

Gold sold in the March quarter was 119,976oz at all-in sustaining costs of A$1,075 per ounce, taking year-to-date sales to 387,254oz at AISC of $1,053/oz.The company narrowed full-year guidance to 540,000-560,000 from 525,000-575,000oz, with AISC guidance left unchanged at $1,000-1,050/oz.June quarter production is expected to jump to 150,000oz of gold."They say the journey is better than the arri...Read More

Protests halt Peru project

30 APRIL 2018 / Staff reporter

The Ross Beaty-chaired company said on Friday that its Huaron operations had been suspended since Tuesday due to road blockades by the Huayllay community.Read More

Epiroc makes sound start

30 APRIL 2018 / Staff reporter

According to Atlas Copco's financial figures for the three months to March 31, Epiroc enjoyed an 18% growth in orders received compared with the same period in 2017.It also had an 11% jump in revenues to 8.2 billion Swedish krone (US$945 million) and a 7% rise in operating profit to SEK1.5 billion. The reported operating profit includes SEK95 million in one-time costs related to the split and the...Read More

Emeco to raise equity for new M&A

30 APRIL 2018 / Staff reporter

Matilda, which has offices in Toowoomba, Mackay and Perth, has a fleet of 83 pieces of mining equipment with an average age of 9,300 hours, compared to Emeco's average of 25,000 hours.Read More

Copper Fox Outlines Leach Cap at Mineral Mountain Project

April 30, 2018 / Copper Fox

CALGARY, Alberta, April 30, 2018 (GLOBE NEWSWIRE) -- Copper Fox Metals Inc. (“Copper Fox” or the “Company”) (TSX-V:CUU) (OTC:CPFXF) is pleased to provide analytical results for eight of the re-sampled trenches on its 100% owned Mineral Mountain copper project located near Florence, Arizona (see news release dated February 8, 2017). The balance of the trenching results will...Read More

Zenith powering ahead

30 APRIL 2018 / Richard Roberts

Zenith Energy (ASX: ZEN) managing director Hamish Moffat said the company had achieved a high strike rate in securing three big new build-own-operate (BOO) contracts with Newmont Mining, Dacian Gold and Gascoyne Gold since its 2017 IPO and listing, as well as contract extensions. With Newmont's power plant at Tanami in central Australia to be commissioned early in 2019, Zenith will have more than...Read More

Glencore downgraded on DRC woes

30 APRIL 2018 / Jacqueline Holman

RBC analyst Tyler Broda changed the miner's rating to "outperform" Monday from the previous "top pick", with the target price also lowered to £4.10 (US$5.63) per share from the previous £4.60/share.Read More

Tongon strikes hit guidance

30 APRIL 2018 / Staff reporter

It said in a statement over the weekend that a series of work stoppages in the March quarter, caused by industrial action by mining contractor employees, which then spread to other operations, would affect its ability to reach the mine's guidance.However, the company was "making a determined effort to recover most of the lost output", with operations back at full capacity. These efforts inclu...Read More

American mining company stops delivering clean water to community near polluted mine site

Apr. 29, 2018, 8:55 AM / Valentina Ruiz Leotaud

Exclusive information obtained by the Associated Press revealed that Atlantic Richfield, owner of the former Anaconda copper mine in Nevada, was suddenly halting the free home delivery of bottled water it has provided since 2004 to about 100 families from the Yerington Paiute Tribe who were affected by polluted effluents from the operation.In detail, poisonous groundwater seeping since 2000 from a...Read More

Why the lithium bears are wrong

Apr. 29, 2018, 7:45 AM / rickmills

Economics has been called "the dismal science" for its conclusions which often suggest miserable outcomes for humanity. The saying was born in the 19th century by Scottish writer and philosopher Thomas Carlyle, who was referring to economist Thomas Malthus. Malthus famously calculated that humanity was trapped in a world where population growth would outstrip resources and lead to widespread miser...Read More

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