Copper Stock Articles

BHP's copper output to bounce back

Jul. 19, 2016, 5:13 PM / Frik Els

BHP Billiton (NYSE:BHP) announced Tuesday the company exceeded full year 2016 production guidance for petroleum, copper and metallurgical coal, but came in slightly below its iron ore production target.The suspension of its Samarco joint venture with Vale saw BHP's output on attributable basis miss its revised target by 2 million tonnes at 227 tonnes for the year to end June. The world's numb...Read More

Shares of Vancouver zinc producer blows up

Jul. 19, 2016, 11:34 AM / Frik Els

Trevali Mining (TSE: TV) jumped 5.1% on Tuesday after the company announced expansion of high-grade silver-lead-zinc mineralization at the Magistral North and Oyon Zones at its Santander zinc mine in Peru.In lunchtime trade on the Toronto Stock Exchange the Vancouver-based mid-tier producer was trading at its highs for the day amid a generally weak day for mining stocks. Around 1 million share...Read More

Canadians spent over $32bn in mining acquisitions in first half of 2016

Jul. 19, 2016, 7:37 AM / Cecilia Jamasmie

Canadian companies paid a total of US$32.6 billion for foreign businesses in the Energy, Mining & Utilities (EMU) sector during the first half of the year, which represents a 100.6% rise in value over the total paid in the same period last year, a new report released Tuesday shows.The volume of deals, however, dropped by nearly half in the first six months of the year from 31 transactions in 2015,...Read More

Mick Davis to overhaul X2 Resources as fund fails to close any mining deal

Jul. 19, 2016, 4:26 AM / Cecilia Jamasmie

Mick Davis' X2 Resources, the mining fund once touted as the driver of much-needed investment into the mining industry during the worst of the commodities price rout, is set to go under major changes after failing to close a single deal since launched in 2013.Rumours circulated early this year that X2 had lost backers and was facing a looming overhaul. But it wasn't until the WSJ.com reported Fri...Read More

Did $78 billion South African gold exports really go missing?

Jul. 18, 2016, 3:15 PM / Frik Els

According to a new study by the UN's Conference on Trade and Development some commodity dependent developing countries "are losing as much as 67% of their exports worth billions of dollars to trade misinvoicing".Trade misinvoicing - when export and import data between two countries do not align - is thought to be "one of the largest drivers of illicit financial flows from developing countries, so...Read More

Structural problem forces London Metal Exchange to relocate

Jul. 18, 2016, 10:00 AM / Cecilia Jamasmie

A structural problem detected at the rather new London Metal Exchange (LME) offices in Finsbury Square, has forced traders to momentarily relocate to a Chelmsford business park, east of London.The exchange, where $12 trillion of copper and other metals change hands each year, is one of Europe's last open outcry trading floors.The bourse, the world's oldest and largest market for industrial metals...Read More

Botswana to keep unprofitable copper miner alive just to save jobs

Jul. 18, 2016, 7:45 AM / Cecilia Jamasmie

Botswana's state-owned BCL, the country's biggest copper and nickel miner, will continue to receive about $130 million (1.4 billion pula) a year, even if the company has to stop mining, the country's vice president said.Speaking to Bloomberg News, Mokgweetsi Masisi said the copper and nickel producer, which employs as many as 5,000 people, noted the country will sell its stake in BCL as soon as...Read More

Stormy seas hit Chile copper exports, could buoy prices

Jul. 17, 2016, 2:39 PM / Reuters

Choppy seas off the coast of Chile caused widespread delays to copper shipments from the world's top producer in the second half of June, potentially supporting prices in a market grappling with oversupply.Cargoes were stranded at ports as stormy weather prevented ships from loading, said miners in Chile, including world No.1 Codelco.That could buttress prices in the short-term, although any impac...Read More

Researchers do hyperspectral surveys to search for copper in Alaska

Jul. 15, 2016, 8:10 PM / Andrew Topf

The U.S. Geological Survey is using a familiar exploration technology to search for copper deposits in remote locations of Alaska.Starting in 2014, researchers with USGS began studying the remote eastern Alaskan Range where copper porphyry deposits are known to exist, using hyperspectral surveying. The technique employs aircraft equipped with instruments that emit light. When the light hits a mat...Read More

Make China drop export duties on copper and other minerals: US to WTO

Jul. 13, 2016, 9:47 PM / Andrew Topf

The Unites States is seeking the support of the World Trade Organization (WTO) in pressuring China to remove export duties on certain minerals that give it an unfair trade advantage.Saying that China agreed to remove duties ranging from 5% to 20% on antimony, cobalt, copper, graphite, lead, magnesia, talc, tantalum and tin when it joined the WTO 15 years ago, Washington filed a new WTO challenge...Read More

Rare plant species standing in the way of Idaho moly mine

Jul. 13, 2016, 9:04 PM / Andrew Topf

It's a familiar story for mine developers, when their projects overlay or sit near to sensitive ecosystems. Environmental groups state their intention to protect the animal or plant species at risk, sometimes taking legal action to oppose the project. Many times they are successful, especially with the strict regulatory framework found in the United States, where baseline studies are known to tak...Read More

Arizona court hands key legal victory to Hudbay's Rosemont copper project

Jul. 13, 2016, 8:29 AM / Cecilia Jamasmie

Canada's Hudbay Minerals' (TSX, NYSE:HBM) proposed Rosemont copper mine in Arizona scored a key legal victory this week after a Court of Appeals overturned Tuesday a 2015 ruling blocking its air quality permit.The appeals panel's decision, Tucson.com reports, eliminates one of three pivotal regulatory hurdles still blocking the $1.5 billion mine's go-ahead.While the project is now heading into w...Read More

Chinese Gov't official appointment to Teck Resources board raises questions

Jul. 13, 2016, 4:44 AM / Cecilia Jamasmie

The recent appointment of a Chinese government official to the board Teck Resources (TSX:TCK.A & TCK.B) (NYSE:TCK), Canada's largest diversified miner, has some worried about sovereignty issues in the country's resource sector.Canada has no regulations regarding members of foreign governments sitting on local companies' boards, but it does require at least 25% of the members to be Canadian citiz...Read More

Gold price rally helps producers climb world's top 25 mining companies list

Jul. 11, 2016, 7:54 AM / Cecilia Jamasmie

Gold has consolidated its post-Brexit gains this month and continues to be the best-performing commodity so far this year, filling the pockets of most producers of the precious metal, a new study shows.According to SNL Metals & Mining, gold-focused companies have climbed the most in the ranking of the world's top 25 mining companies by market capitalization from April to June this year, helped b...Read More

Imperial Metals sues engineering companies over Mount Polley disaster

Jul. 10, 2016, 2:26 PM / Andrew Topf

It was one of the worst environmental disasters in Canadian history, and now, the company behind the 2014 Mount Polley mine tailings breach is looking to make somebody pay.Imperial Metals (TSX:III) has filed a lawsuit for damages in the Supreme Court of British Columbia alleging negligence and breach of contract by Knight Piesold and AMEC (now Amec Foster Wheeler), two engineering firms in its e...Read More

BHP Billiton's Olympic Dam set to reach highest copper production in a decade

Jul. 8, 2016, 3:10 AM / Cecilia Jamasmie

World's largest miner BHP Billiton (ASX, NYSE:BHP) (LON:BLT) is getting close to finishing key heap leach testing trials to pave the way for a significant copper output increase at its Olympic Dam, Australia's biggest underground mine.While plans for a $30 billion redevelopment of the mine were shelved in 2012, promising results from current trials indicate copper output could increase 40% over t...Read More

Value of Chilean copper exports at financial-crisis lows

Jul. 7, 2016, 9:28 PM / Andrew Topf

New data shows the first six months of 2016 were tough for Chilean copper producers.According to the number one copper producing country's central bank, the value of Chile's copper exports fell 16.1% in the first half, compared to H1 2015, on par with the financial crisis of 2009. Chile exported $13.4 billion worth of copper in H1, including $6.356 billion worth of copper cathodes and $5.805 bill...Read More

First glimpse of potential Nullarbor treasures

Jul. 7, 2016, 12:33 PM / The Lead South Australia

SOME of the first geological images of one of the world's last unexplored mineral frontiers have glimpsed the mining potential of Australia's vast Nullarbor Plain.The images of the Earth's crust to a depth of 60 kilometres spanning a 484km stretch follow Australia's transcontinental rail line between Cook in South Australia to Haig in Western Australia.The new images, released this month, have ide...Read More

Copper's project pipeline thins as supply deficit looms

Jul. 6, 2016, 7:01 PM / Bloomberg

The $149-billion (U.S.) pipeline to expand the world's copper supply is running into trouble.Producers are counting on expansions and the development of new operations to meet supply shortages they forecast arriving toward the end of the decade.Read moreRead More

Chinese fund eyes Glencore gold mine in Kazakhstan

Jul. 6, 2016, 5:58 AM / Cecilia Jamasmie

China's state-backed Silk Road Fund, a $40 billion venture that invests along the nation's ancient trade routes with Central Asia, is said to be weighing a joint bid with China National Gold for Glencore' gold mine in Kazakhstan.According to sources familiar with the matter, quoted by Bloomberg, the group could pay up to $2 billion for the Vasilkovskoye mine, which is Glencore's largest gold opera...Read More

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