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Copper News Digest
Saturday 24 June 2017
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Modifications seek to simplify aspects of the project originally approved in 2010 in order to optimize mineral handling.

Having climbed almost 64% since the start of the year, investor sentiment towards SolGold appears to be quite positive.

Chances of finding the missing workers alive are almost nil, they say.

The asset, in the state of Zacatecas, is located about 50 kilometers (31 miles) from Goldcorp’s flagship Peñasquito mine.

Mongolia’s renewed efforts to attract foreign investment it’s bearing its first fruits.

More supply will likely drag prices lower, as the metal already touched a one-year low of $8,680 per tonne on the London Metal Exchange last week and is down more than 10% this year.

A waterproof camera is expected to reach Monday the area where the miners are believed to have been working and where the shelter is located.

A high-grade copper-zinc volcanogenic massive sulphide (VMS) project in British Columbia will now be developed by Desert Star Resources (TSXV:DSR).

It’s unknown whether the two workers are alive, as authorities have been unable to make contact with them.

The placing is at a 15% premium to SolGold's closing price on Thursday and at a 12% discount to its peak share price of 46.75p on May 26.

While the measure allows the company to resume full operations, Barrick said it plans to gradually restart them.

The world’s largest mining company announced that Ken MacKenzie has been elected to succeed Jac Nasser

Excelsior Mining (TSXV:MIN) investors have seen a stellar 2017, with the stock up 30% over the last month and 41.2% year to date.

Agreement is part of plan to double investment in the sector to $25bn in eight years.

Barrick confirmed chairman John Thornton met President John Magufuli for talks Wednesday, but didn't mention the details of what, if anything, had been agreed.

Trump’s measures to revitalize the mining industry are steps on the right direction, and they will benefit not just the US, but also Canada, said Max Porterfield.

Government accused the gold miner of operating illegally in the country and said it has been evading taxes.

It's a well-known fact that copper was used by ancient peoples to make some of the earliest tools and artwork.

Taseko Mines (TSX:TKO), the company behind a large copper-gold project in north-central British Columbia, was back in court last week to appeal a 2016 decision that went against it.

Operations at the silver-gold mine have been suspended until further notice.

Chinese demand for refined copper up 30% in May while falling concentrate imports point to tight supply.

Stuart Chambers, 61 and former chairman of UK chip designer Arm, will join Anglo as a non-executive director in September, replacing Parker in November.

S&P500 most expensive compared to commodities since late 1960s despite last year's rally in metals and mineral prices.

Acquisition will help the Canadian company expand its diamond, gold and silver asset base.

43-day strike at world's largest copper mine cost BHP around $1 billion in lost revenue.

Union at Barrick's troubled operation, Argentina's largest gold mine, says strike will resume if there's no deal after two weeks of talks.

Switzerland's Glencore jumps to number 2 on ranking of top silver miners by output.

The state-owned miner reported a Q1 profit of $534 million, more than the total it earned in 2016.

Barrick's comments come on the heels of a report published this week, which claims its Tanzanian subsidiary has been under-reporting the amount of metal in its shipments to evade taxes.

Better gold prices also helped the Azerbaijan-focused miner reduced its outstanding debts and boost profit.

Company says Grasberg copper mine is running as normal

Today, Chile is the world's top copper producer with 7 of the 14 biggest mines globally. But it wasn't always that way…

Thousands of mine workers at the Indonesian unit of Freeport-McMoRan Inc will extend their strike for another month to protest against layoffs, a union official said on Wednesday.

Although Chile has always been noted for its abundant mineral wealth, the country was actually not a notable copper producer even at the beginning of the 20th century.

It’s a buyer’s market—if you know what you’re looking for.

The growing market for electric vehicles will significantly impact demand for copper over the next decade, according to new research commissioned by the International Copper Association.

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