Copper Stock Articles

Sibanye's platinum mine workers begin indefinite strike

May. 27, 2016, 3:48 AM / Cecilia Jamasmie

Unionized workers at Sibanye Gold's (JSE:SGL) (NYSE:SBGL) Kroondal platinum mine in South Africa began Friday an indefinite strike over transport, bonuses and safety pay.The Association of Mineworkers and Construction Union (AMCU), the country's platinum industry largest union, wants the company to provide miners with transportation and increased safety, as many members have been attacked after wo...Read More

Here comes the half conveyer-belt, half train hybrid

May. 26, 2016, 5:02 PM / Frik Els

Australia's Mineral Resources (ASX:MIN) is a mining services company supplying a wide range of services including remote site power and aerodrome services, plant processing and crushing, pipeline design, port logistics and sales.The Perth-based company has operated BC Iron's 7mtpa Iron Valley mine in the central region of the Pilbara since August 2014. Ore is transported to Port Hedland and Minera...Read More

Kincora consolidates the Mongolian southern Gobi copper-gold belt

May. 26, 2016, 10:54 AM / Kincora Copper

Vancouver, BC - Kincora Copper Limited (the "Company", "Kincora") (TSXV:KCC) is pleased to announce it has reached agreement providing for the merger of two Kincora subsidiaries with Ibex Land Mongolia LLC and Ibex Mongolia LLC ("Ibex"), entities indirectly controlled by High Power Exploration Inc ("HPX").The transaction will result in a consolidated landholding of over 1,500km2, the majority of t...Read More

BHP to boost copper output, lower costs at vast Olympic Dam

May. 26, 2016, 8:45 AM / Cecilia Jamasmie

The Olympic Dam is the fifth largest copper mine in the world, and the No.1 uranium deposit. (Image courtesy of BHP Billiton)World's largest miner BHP Billiton (ASX, NYSE:BHP) (LON:BLT) has made a bold bet on copper and it's starting by finding a way to boost output for the red metal from its Olympic Dam, Australia's biggest underground mine, even before a proposed and long-awaited mega-expansion...Read More

Nautilus underwater project in Eastern Pacific richer than thought

May. 26, 2016, 4:23 AM / Cecilia Jamasmie

Canadian seafloor miner Nautilus Minerals (TSX, LON:NUS) posted Thursday upgraded mineral resource estimates for its underwater mining project in the Eastern Pacific, off the coast of Mexico, which shows the venture is much richer than originally thought.The project's inferred mineral resource base went up from 410 million tonnes to 685 million tonnes (wet).According to the updated estimate, th...Read More

Boom in private debt financing for mining

May. 25, 2016, 4:45 PM / Frik Els

A study of private capital in the resources sector by industry tracker Preqin finds significant growth since the global financial crisis in the debt fundraising market with 54 funds closed since 2010 raising more than $29bn.According to Preqin which tracks 1,520 funds active in natural resources investment around the world, at the moment there are 32 unlisted natural resources funds in the ma...Read More

Seabridge Gold's 2016 drill program targets further Deep Kerr expansion

May. 25, 2016, 1:55 PM / Globe Newswire

10,000 meters of core drilling could extend Deep Kerr block cave resource 800 meters to the southTORONTO, (GLOBE NEWSWIRE) - Seabridge Gold (TSX:SEA) (NYSE:SA) today outlined its 2016 exploration plans at its 100%-owned KSM Project in northwestern British Columbia. The program calls for 10,000 meters of core drilling designed to expand by as much as 800 meters the block cave shapes that confine t...Read More

IntelliSense.io to deliver efficiencies for AngloAmerican through water & energy optimisation as part of the Newton-Picarte Resource Efficiency for Sustainable Extraction of Raw Materials Program

May. 25, 2016, 1:00 PM / IntelliSense.io

Cambridge UK & Santiago Chile - 25th May 2016 - Cambridge, UK-based IntelliSense.io and AngloAmerican announce that they have initiated a joint project for IntelliSense.io to optimise the energy and water utilisation of the pipeline, which supplies recovered tailings water to the Confluencia Plant at its Los Bronces copper operation in Santiago, Chile. IntelliSense.io and AngloAmerican were awarde...Read More

How big is big?

May. 25, 2016, 10:07 AM / Matter Solutions

When we think of the mining industry, you immediately think big. Big mounds of earth being moved. Big machines. Big money. Big companies. Big owners. Big, big, big, big. Even what's considered a small mine' is still massive when you consider the scheme of elements being moved, production figures and the machinery operated relative to the everyday rise and grind of regular business. But in an indus...Read More

Gold price rally boosts Canada's mining sector growth

May. 25, 2016, 3:27 AM / Cecilia Jamasmie

Canada's mining sector got a shot in the arm in the first three months of 2016, recording gains that outperformed both the Toronto Stock Exchange and the London Metals Exchange in the period, a new report shows.The welcome bonanza, says Ernst & Young, was fuelled mainly by recovering gold prices, which rallied 16% in the first quarter of the year, after falling about 10% in 2015.The Canadian Mini...Read More

State of emergency in Peru over mercury poisoning from illegal gold mining

May. 24, 2016, 11:00 AM / Cecilia Jamasmie

Peruvian President Ollanta Humala has declared a 60-day state of emergency in a large remote area of the Amazon jungle as levels of mercury from illegal gold mining have reached record high levels.According to country's environment minister, as many as 50,000 people or 41% of the population of the gold-rich Madre de Dios region, bordering Brazil, has been exposed to mercury contamination.Even chi...Read More

Rio Tinto makes management changes

May. 24, 2016, 8:46 AM / Rio Tinto

Rio Tinto has appointed Stephen McIntosh as the acting Group executive, Technology & Innovation to succeed Greg Lilleyman, who will leave the company after 25 years of service.Stephen has been with Rio Tinto for almost 30 years working on projects in more than 45 countries spanning the A-Z of minerals and metals. Most recently, he was head of Exploration, leading a 450-strong global team of employ...Read More

BHP's Spence copper mine in Chile hit by fresh strike

May. 23, 2016, 6:46 AM / Cecilia Jamasmie

Workers at BHP Billiton's (ASX, NYSE: BHP) Spence copper mine in northern Chile, the world's largest producer of the metal, have begun a 24-hour strike, a union representative said Monday, citing slow progress in labour talks.Strike comes on the heels of BHP's recent announcement that it's studying a $2.2 billion investment to expand the operation.The action follows two other one-day protests at t...Read More

New Antofagasta CEO: weak copper price for at least 2 years

May. 20, 2016, 4:17 PM / MINING.com Editor

The price of copper in New York closed at its lowest level in more than three months on Friday after one of the largest producers of the metal predicted weaker prices for at least the next two years.On the Comex market in New York July futures settled at $2.0555 a pound (around $4,500 a tonne), the lowest since February 12.After a brutal couple of weeks of trading copper is down 10% in May, wi...Read More

Steel Dynamics Inc. wins metals company of the year: Platts Global Metals Awards

May. 19, 2016, 2:40 PM / S & P Global Platts

15 Winners Hail from U.S., Russia, Brazil, India, U.K. and Luxembourg - CEO of the Year: Marsha Serlin of United Scrap Metal -ArcelorMittal's Lou Schorsch Took Lifetime Achievement and Aqua Metals recognized as Rising StarLondon - Steel Dynamics, Inc. (SDI), one of the United States' largest steel producers won the prestigious Metals Company of the Year award at the fourth annual Platts Global M...Read More

Copper price falls to 3-month low, defies bullish forecasts

May. 19, 2016, 12:32 PM / Frik Els

The price of copper in New York fell to its lowest level in more than three months on Thursday as fewer supply disruptions than expected and stockpiling in top consumer China translate to plentiful metal on offer.On the Comex market in New York July futures dipped to $2.0380 a pound (below $4,500 a tonne) in morning trade, down nearly 2% on the day and the lowest since February 12.After a brutal c...Read More

Prospect generation - making mining into a numbers game

May. 19, 2016, 10:40 AM / Palisade Research

Here is a topic that has been covered intensively in the past, but we feel is due for a quick refresher. Prospect generation (PG) has been quite the buzzword since it was invented in the late 90s by resource veteran, Rick Rule. A concept born from two facts: mineral exploration is extremely capital intensive, and just 1 out of 3,000 mineralized anomalies became a mine.Thus, Rick combined the age o...Read More

Sprott monthly market update with Rick Rule: Cobalt bubble coming; Kaminak & The Yukon; streaming & royalties

May. 19, 2016, 9:37 AM / Palisade Radio

In the current bull market, with more equity available, streaming and royalty companies continue to provide much needed revenue in the base metals and industrial materials sectors.By-product precious metals revenues in a base metals companies can trade at 5 - 7 times EBITDA and top tier companies at 15 - 20 times EBITDA. Gold equities are in the midst of a momentum trade having been under-owned an...Read More

Caterpillar retail sales drop 12% in first three months of the year

May. 19, 2016, 6:31 AM / Cecilia Jamasmie

World's number one heavy equipment manufacturer Caterpillar (NYSE:CAT) logged Thursday retail machines sales results for the first three month of the year, which were down 12% compared to the same period of 2015, making it the 41 straight month of sales declines.Results mark the 41 straight month of retail sales declines.Energy and transportation led the drop, down 34%. Resources industries sales...Read More

Geoscience BC receives $5 million in new funding for mineral, water and energy earth science

May. 18, 2016, 12:14 PM / Geoscience BC

Vancouver, BC - May 18, 2016 - Geoscience BC commended the provincial government for its commitment of $5 million in new funding to support mineral, water and energy earth science in British Columbia, which was announced earlier today."We sincerely appreciate the generous support and confidence the government of British Columbia has shown in Geoscience BC over the years," said Robin Archdekin, Pre...Read More

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