Copper Stock Articles

World's top miner BHP Billiton finally sees signs of recovery in mining

Oct. 19, 2016, 3:47 AM / Cecilia Jamasmie

For the first time in about five years, the world's No. 1 mining company BHP Billiton (ASX, NYSE:BHP) (LON:BLT) has said it was finally seeing clear signs of a commodity market turnaround.Announcing the results of an operational review ended Sep. 30, chief executive officer Andrew Mackenzie said there were "early signs of markets rebalancing."Iron ore and metallurgical coal prices have been stron...Read More

MiningWatch to launch court action for Mount Polley disaster

Oct. 18, 2016, 11:33 AM / MINING.com Editor

Imperial Metals escaped charges from its 2014 Mount Polley tailings breach near the city of Williams Lake, but the company isn't going to dodge new legal actions coming its way.Today, MiningWatch, backed by more than a dozen of other non-profit organizations including Amnesty International, Clayoquot Action, and Wilderness Committee, announced its plans to file a private prosecution under Canada's...Read More

Yamana Gold set to spin off Brazilian unit as separate public company

Oct. 18, 2016, 6:33 AM / Cecilia Jamasmie

Canadian Yamana Gold (TSX:YRI) (NYSE:AUY) is set to spin off its Brio Gold subsidiary, which operates non-core assets in Brazil, as a standalone public company.This is not the first time the Toronto-based mid-sized gold producer tries to divest the three Brazilian mines owned by its local unit. Late last year, the company attempted to sell some of its 100% stake in Brio through a private share pla...Read More

Congo's cobalt production set to soar despite claims of child labour

Oct. 18, 2016, 4:31 AM / Cecilia Jamasmie

Production of cobalt, used in the lithium batteries that power everything from smartphones to electric cars, is set to soar in the Democratic Republic of the Congo (DRC), thanks to the country's low operating costs and strong projects pipeline, a new study published Tuesday shows.Analysts a BMI Research, a division of Fitch Group, estimate the country's cobalt output will jump from 66.2 thousand t...Read More

Major operational overhaul planned for KSM copper, gold mine

Oct. 18, 2016, 3:00 AM / Business In Vancouver - Nelson Bennett

A massive gold-copper mine planned for northwest B.C.'s Golden Triangle would have a higher capital cost but lower operating costs and a smaller environmental footprint, according to a revised plan.Seabridge Gold Inc. (TSX:SEA) recently updated its plans for the proposed Kerr-Sulphurets-Mitchell (KSM) mine 65 kilometres northwest of Stewart with a preliminary economic assessment and an updated p...Read More

Peruvian farmer who died in protest against MMG's Las Bambas mine was shot to death - Gov't

Oct. 17, 2016, 9:00 AM / Cecilia Jamasmie

A Peruvian farmer who died Friday during protests against MMG's giant Las Bambas copper mine, which came online this year, was shot to death, authorities have confirmed Monday.Interior Minister Carlos Basombr?-o said the victim died from a bullet wound to the head, presumably fired by Peruvian police while they attempted to disperse more than 200 protesters who had blocked an access road to the mi...Read More

Metso supplies key equipment to one of world's largest greenfield copper projects

Oct. 17, 2016, 8:08 AM / Metso

The full delivery of minerals processing equipment to the Qulong copper mine covers engineering, a full scope of advanced minerals processing equipment and advanced process control system including 6 crushers, 8 semi-autogenous grinding mills and 8 ball mills, 8 stirred mills, 4 vertical plate pressure filters and 16 vibrating screens, as well as related services like installation, start-up, commi...Read More

Caterpillar CEO Oberhelman to step down in March

Oct. 17, 2016, 4:50 AM / Cecilia Jamasmie

Caterpillar (NYSE:CAT), the world's No.1 heavy machinery maker, will lose its iconic chairman and chief executive officer early next year, as Doug Oberhelman has decided to retire effective March 31 after more than 41 years with the company.Traditionally, CAT's top executives have remained in their positions beyond age 65. The fact that Oberhelman is retiring at 63 suggests he is leaving ahead...Read More

Harmony Gold bullish on cash flows as it reports increased output in Q3

Oct. 17, 2016, 3:40 AM / Cecilia Jamasmie

South Africa's Harmony Gold (JSE:HAR) (NYSE:HMY), the world's fifth largest producer of the precious metal, said Monday that production in the three months to September was about 10% percent higher than the previous quarter.After losing money for three years to 2015, Harmony is now focused on finding ways to offset falling production at its South African operations.However, the 514,000 ounces o...Read More

Evolution Mining acquires copper-gold project from Newcrest

Oct. 16, 2016, 6:37 PM / Andrew Topf

Small but growing Australian gold producer Evolution Mining (ASX:EVN) has taken a bite out of its much larger, dual-listed rival, Newcrest Mining (ASX:NCM, TSX:NM)The Sydney and Perth-based company is about 1/16th the size of Newcrest by market value, but is paying Newcrest up to AUD$10 million for its Marsden copper-gold project located in central New South Wales. The deal specifies an up-front...Read More

Konkola Copper Mines shuts smelter

Oct. 14, 2016, 10:40 AM / MINING.com Editor

Konkola Copper Mines, a subsidiary of London-listed Vedanta Resources, has shut down its gigantic Nchanga Smelter in the city of Chingola, located in Zambia's Copperbelt Province.The closure, which is expected to last for 40 days, is explained by the company as a needed maintenance measure, which will debottleneck the smelting stream to its capacity and result in a 35% rise in production.KCM will...Read More

Philippines to extend ban on new mines, review current permits

Oct. 14, 2016, 5:58 AM / Cecilia Jamasmie

The Philippines is considering extending a ban on new mines and will review all environmental permits previously granted to companies operating in the country, the mining minister said Friday.Miners had hoped some of the restrictions imposed in 2012 would have been lifted following the audit that finished in August. Instead, they are getting worse.The move is part of Manila's increasing efforts to...Read More

Antofagasta's Los Pelambres mine faces potential $24 million fine, closure

Oct. 14, 2016, 4:00 AM / Cecilia Jamasmie

Chile's environmental regulator SMA is seeking sanctions against Antofagasta's (LON:ANTO) Los Pelambres copper mine for breaching its environmental permit in relation to the management of water resources and nearby flora.The alleged violations include the extraction of water from unauthorized sites, the construction of unapproved wells and the failure to reforest some areas as required by law.Th...Read More

NGOs want Venezuela to halt mining concessions, claim violations of Indigenous rights

Oct. 14, 2016, 1:00 AM / MINING.com Editor

Three NGOs, the Venezuelan Program for Education and Action in Human Rights-Provea, the Peace Lab, and the Working Group on Indigenous Issues at the Andes University, issued a statement blasting Nicol??s Maduro's government's push to exploit mineral resources on ancestral lands in the Bol?-var, Amazonas, and Delta Amacuro states. They are joining their voices to those of other organizations, such...Read More

Comex copper price falls

Oct. 14, 2016, 12:10 AM / MINING.com Editor

Copper for December settlement on the Comex division of the NYMEX closed Thursday down 5.45 cents or 2.5% to $2.1220 per pound. Earlier, the contract slid to $2.1165 per pound, the lowest since September 13.The red metal's performance has been lacklustre managing only a 2.2% gain in 2016, following a drop of 26% last year.The recent fall is the consequence of China's September trade data, which sh...Read More

Anglo Asian shares dive after reporting gold output drop in Azerbaijan

Oct. 13, 2016, 6:20 AM / Cecilia Jamasmie

Shares in Azerbaijan-focused miner Anglo Asian Mining (LON:AAZ), the country's top gold producer, took a hit Thursday after it reported its January-September output was lower than in the same period last year, adding it was cutting its 2016 production target.The company produced 49,874 ounces of gold in the nine months to September, or 7.8% less than in the same quarter last year. As a consequence...Read More

Positive signs put Canadian junior miners in a good position for recovery - PwC report

Oct. 13, 2016, 4:30 AM / PricewaterhouseCoopers Inc. ("PwC")

Mining companies once again make up over 50 % of the total market capitalization on the TSX Venture Exchange, up from 36% on June 30, 2015, according to PwC Canada's 2016 Junior Mine report, Signs of Life. For the past 12 month period between June 2015 to June 2016, cash flows from financing activities increased significantly and cash flows from debt and equity financing increased to 45% and 48% r...Read More

Resurgent Iran to impact copper, zinc prices through 2020

Oct. 12, 2016, 6:35 AM / Frik Els

While not expecting a boom, BMI Research in a new report is positive about the medium-term growth outlook for Iran's mining industry following the lifting of decades old Western sanctions at the beginning of the year.Over the next five years, new investment from Europe and Asia will accelerate the growth of the Middle-Eastern nation's mining sector, which contains vast underdeveloped reserves but...Read More

Giant BC gold project receives new permits

Oct. 12, 2016, 2:55 AM / Frik Els

New permits issued to Seabridge Gold's KSM project in northern British Columbia marks an important step forward as the Toront0-based company transforms the world's largest undeveloped gold project by reserves into an underground mine.Seabridge announced on Tuesday it has received the necessary permits from the BC Government to develop an exploration adit into the large Deep Kerr Deposit at its...Read More

Nickel price rally 'on shaky ground'

Oct. 11, 2016, 3:42 AM / Frik Els

On Tuesday, nickel exchanged hands for $10,490 a tonne in London holding onto most of its 3% overnight gains. The nickel price has now advanced 20.7% in 2016. Measured from its multi-year trough of $7,725 a tonne struck in February, the price of the metal mainly used in steelmaking is up 38% thanks to a ban on exports from former top supplier and a crackdown on mining in the Philippines.Nevert...Read More

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